The Central Bank of Suriname (CBvS) creates an intervention facility for importers with the Southern Commercial Bank. Through this facility huge imports from the Republic of China no longer have to be paid in American dollars, CBvS states in a press release. In 2014 only, Suriname imported for a total amount of 226 million from China. This will greatly reduce the pressure on the American dollar. Importers who obtain their products from China can submit their intervention request directly to the Southern Commerce Bank and after approval of the documents the money will be transferred to the supplier in the Chinese currency…[+]

SURINAME – The State Oil Company (Staatsolie NV) and the government have invested $50 million in the expansion of the company’s power plant at Tout Lui Fout. Last week two  Wärtsilä generators were imported. Each generator reportedly has a 17 Mega Watt capacity. The generators which will be up and running at the end of April or at the beginning of May were transported from the harbor to Staatsolie by water. These additional generators will increase the power plant’s capacity to about 100 MW. Staatsolie had already installed two  Wärtsilä generators at its power plant…[+]

“The language on the ballots for the general elections of 2015 has been simplified so that each voter can understand it. The Ministry of Home Affairs has decided to use as simplified Dutch words on the ballots in order to reduce the number of invalid ballots. Old-fashioned language will no longer be present on the ballots,” said Arun Hardien who is a member of the management team of the 2015 Voting Commission…[+]

SURINAME – MP  Noreen Cheung on Friday officially joined the National Party Suriname (NPS). The NPS is currently a member of the V7 bloc. The legislator signed the NPS registration form in the presence of the media. MP Cheung on Friday once again sent a letter to the chairman of the National Democratic Party (NDP), Desi Bouterse, to indicate that she is no longer a member of the NDP...[+]

Reports indicate that a growing number of citizens who are eager to go to the polls on election day, May 25, are checking their particulars online. Last week about 2,000 voters had checked their particulars online at www.verkiezingen.sr and within a week this number jumped to 4,200. Arun Hardien, a member of the management team of the 2015 Voting Commission, pointed out that this number is actually much higher. The computer only registers a visit when the voters press the correct or incorrect button after they have checked their particulars.(foto:nyenrodealumi.nl)…[+]

The residents at Sonny Point are all smiles because the water distribution network is being constructed in their residential area.  Marlon Oosterling, head of the Water Supply Division at the Ministry of Natural Resources (NH), told Times of Suriname that this construction project will last about a month. The people who live at Sonny Point have never received a drop of water from their taps. The people from the Water Supply Division indicated that there are two options…[+]

President Desi Bouterse who addressed the supporters of his party at a rally near the Revolution Square on Tuesday night announced that the general child allowance (AKB) will be raised from SRD 30 to SRD 50 at the end of March. Bouterse’s administration previously raised the general child allowance from SRD 3 to SRD 30 per child up to 4 kids max per family. The head of state also announced that the housing factory will be up and running at the end of March. According to President Bouterse, the factory has a production capacity of 200,000 square meters per year which means that a few thousand homes can be produced and assembled every year…[+]

“The number of grass fires has increased in February,” Olton Pinas, spokesman of the Fire Department Suriname (KBS), told Times of Suriname. Statistics indicate that there were 24 grass fires in January while 50 have already been reported in February. Fire officials expressed their concern regarding this increase. The KBS extinguished 26 garbage fires in January and has already extinguished 36 in February. Two forest fires were registered in January and nine in February.(foto:alexanderveerman)…[+]

Chandrikapersad Santokhi, coordinator of the V7 bloc and chairman of the VHP, on Monday indicated that the 6 parties that have formed the V7 will participate in the elections. The 6 parties on Monday signed the partnership agreement at the main office of the VHP. Reports indicate that the V7 will organize 15 mass rallies  prior to the elections and that the mass rallies will start in the last week of April. Reports also indicate that two to three rallies will be held every week…[+]

The Central Bank of Suriname (CBvS) recently expanded its foreign currency trade service by taking its foreign currency counter to other districts. The Central Bank announced its expanded service in a press release. The Central Bank will reportedly provide this service in association with three local banks namely:  The Surinaamse Postspaarbank (SPSB), GODO and the Volkskredietbank (VCB). The Central Bank will provide foreign currency to the public at the branch of the Surinaamse Postspaarbank in the Nickerie District, the branch of GODO at Albina and at the VCB’s branch in the Para District…[+]