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Life-Expectancy Developments in Aruba and around the globe

Arubans are living longer than ever before, despite concerns about obesity and other health problems. Average life expectancy has soared to 77 years old, four years higher than one decade ago.

Many countries have achieved large gains in life expectancy. A baby born today in almost any country can expect to live longer than at any time in history. Life expectancy has risen most in the Arab States, by more than 18 years since 1970 (just more than a third). Even in Sub-Saharan Africa, life expectancy is more than eight years longer than in 1970. In several developing countries—including Chile and Malaysia—mortality rates are now about 60 percent what they were 30 years ago.

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Restructuring San Nicolas’ socio-economic landscape

San Nicolas Landscape The old refinery in San Nicolas has definitely ceased its oil refining operations and is currently only holding activities like crude storage, blending and transshipment; import and distribution of diesel, gasoline, heavy fuel oil and jet fuel. Many people have lost their jobs and a lot of companies that were directly or indirectly related to the refinery have lost their business.

Actually, the economy of San Nicolas has been declining since the Exxon refinery stopped operations at the end of 1985. The town never really recovered, even though the island's economy has been growing since the tourist boom in the 1990's, and the refinery reopened in 1991. In order to come to par with the rest of the island, San Nicolas will need a long term structured plan to recover, economically and socially.

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Re-introducing regulation of pawnshop sector

Introduction

On December 15, 2011, the Centrale Bank van Aruba (CBA) announced the re-introduction of regulation for pawnshops/compra y benta companies; in 2007 the CBA discontinued regulation of this sector. This regulation entails that any (legal) person active in the business of lending to natural persons on the security of pledged goods or engaged in the business of purchasing tangible personal property on the condition that it may be redeemed or repurchased by the seller during a fixed period of time needs to obtain a dispensation from the CBA. The CBA will grant such dispensation provided that certain conditions are met. These conditions are outlined in a dispensation policy-document and in “Guidelines on the conduct of business of pawnshops”. These documents, at the time of writing this article still in draft, can be found on the website of the CBA.
(http://www.cbaruba.org/cba/getPage.do?page=pawnshops)

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