Central Bank of Aruba Shows Continued Economic Weakness for 2006 Third Qtr, Especially in Tourism

 

The grim news continues to come from the Central Bank of Aruba. Much like an Aruban Vanderbilt_mentionversion of “ground hog day,” six more weeks of continued economic weakness. The weakness in the third quarter of 2006 continues to be profoundly from tourism. No matter what attempt Aruba tries to falsely market tourism in Aruba, it has failed and continues to do so. When will Aruba and its officials comprehend that the decline will continue as long as they keep denying the obvious? Tourists are staying away because they do not want cute TV ads of white sand beaches or radio ads discussing low rates; people want “Justice for Natalee”!

The slowdown in business activities is mostly affected by an ongoing sub-par performance in the tourism sector, as shown by the number of stay-over visitors and nights spent on the island, which declined by 4 percent and 2 percent, respectively, in the period under review. This decline was, however, not as pronounced as in the previous four quarters. Consequently, gross tourism receipts decreased by 3 percent, while the hotel occupancy rate registered a 5 percentage points fall-off to 74.6 percent.

Additional information reinforces above-mentioned weakening in economic activities. Growth in commercial bank credit was quite subdued compared to the third quarter of 2005. Furthermore, consumption of both water (measured in m3) and electricity (measured in KWH) declined by 3 percent and 1 percent, respectively. Gas consumption, however, did increase somewhat, i.e., by 2 percent. Nonetheless, merchandise import payments by the rest of the economy (excluding the oil and freezone sectors) went up by Afl. 15 million or 5 percent. (CBA complete analysis of Aruba)



If you liked this post, you may also like these:

  • CENTRALE BANK VAN ARUBA: Summary of the monthly bulletin of the Centrale Bank van Aruba
  • Airlines Expand Schedules to the Caribbean and little Attention given to Aruba
  • Misery Index Continues in Aruba as Tourism Numbers Fall for Feb & March 2006
  • More bad News For Aruba … Money Supply Decreases by Afl 4.1 M in July 2006
  • Aruba’s Tourism Still in the Tank for August 2006 even after a Concerted Marketing Campaign




  • Comments

    42 Responses to “Central Bank of Aruba Shows Continued Economic Weakness for 2006 Third Qtr, Especially in Tourism”

    1. joe bear on March 20th, 2007 1:58 pm

      Rates aren’t that cheap,beaches aren’t that nice and the government sucks

    2. John Staton on March 20th, 2007 2:23 pm

      There is a floor there some where only in that the numbers cannot go negative. No positive growth for many years to come. Glad that I have no investment there. What kind of fools must there be that held on?

    3. Miss-Underestimated on March 20th, 2007 2:31 pm

      Joe B.

      How can they promote tourism, when they can’t even protect it citizens.

      Hey Aruba, I guess you won’t be needing anyone to clean the beaches, seeing you have no one visiting the beaches.

      Hey Paul whadaya do with Anita’s camera?

    4. Carpe Noctem on March 20th, 2007 2:43 pm

      Ain’t that a kick in the smizzle?

      &

      All they ever had to do was

      return Natalee’s body! However,

      that would require honesty on the part

      of the person who was last with her.

      By last with her (I mean when she was still alive)

      That was, and apparently always will be, Joran Van der Sloot.

      They had 2 full years to discover if it could

      have been anyone else. Nothing. …and Joran Van der Sloot

      has the “brass set of bonzers” to want to drop a book

      -BEFORE- he is declared “no longer the chief suspect.” -j4n

    5. Patriot on March 20th, 2007 2:54 pm

      Has anyone else noticed that the Food Channel is running endless ads for Aruba? I think we need to let the Food Channel in on a little secret.

    6. 10061906 on March 20th, 2007 3:42 pm

      Patriot: Not only the Food Channel but the Discovery Channel and National Geographic Channel: I believe I may have seen it on the Science Channel, but not too sure.
      The ads I’v seen are about 20 seconds long and usually run between 9:00 PM and 3:00 AM

    7. Janet on March 20th, 2007 3:45 pm

      4. “All they ever had to do was return Natalee’s body” … Carpe
      .
      Jug Twitty
      ‘Scarborough Country’
      July 14, 2005
      TWITTY: … And all we want is Natalee, whether she’s alive or dead. We want to bring her back to the United States, and we’ll leave and they can do whatever they want to do.

    8. Observer on March 20th, 2007 3:51 pm

      Aruba tourism hasnt seen nothin yet.. Give it another year when there numbers drop another 10% plus..

    9. Janet on March 20th, 2007 4:11 pm

      Dave Holloway – Aruban Impressions
      .
      ARUBA – The Untold Story of Natalee Holloway and Corruption in Paradise
      .
      Page 9
      In fact, he (Jacobs) was so confident that she was just partying it up or on drugs that he told us this particular bar would be the best place to find her. However, he did warn us to watch our drinks very carefully, adding that sometimes people put drugs into them.
      .
      Page 10
      While customers must pass by a bouncer at the door, there was no indication that he was stopping anyone from entering. The bar was packed with teenagers doing Jell-O shots and sleazy-looking island boys preying on the beautiful young female tourist. I did not want to stay inside, so we hung out around the street corners. In less than two hours, we probably experienced at least ten to fifteen offers from various drug dealers who wanted us to buy from them.
      .
      Page 16
      During our daylight searches throughout the island, our group came across many abandoned houses where drug addicts had left razors and other drug paraphernalia. Some were filled with foul smelling odors, feces, urine, cardboard boxes they used as blankets or beds, and general trash. One of those houses was located right next to a fine restaurant near the hotel area and a McDonald’s. Several times, people came into the hotel to meet with other locals and an apparent drug deal was taking place. The person would come in to scope out the area prior to doing the deal.

    10. Janet on March 20th, 2007 4:18 pm

      Bob Plummer (Chaperone) – An Aruban Incident
      .
      THE BIRMINGHAM NEWS
      May 28, 2006
      .
      Another hotel guest sought out Plummer and warned him that a man was on the beach trying to sell drugs to the students. “I just asked him to leave them alone,” Plummer said. “He went ballistic and threatened to slash me up.” Plummer called the police, and met with the hotel manager on the day they left to express his concerns about the incident

    11. Richard on March 20th, 2007 4:28 pm

      Hey, folks, we know what their remedy is … suck up to people at Boston and hope they can persuade them.

      We’re not going to stand by and watch.

      Join us in Boston! Stand up for Natalee!

    12. buster on March 20th, 2007 4:36 pm

      Aruba is such a dump !!!! I would’nt send my trash there if they paid me !!! What’s this about anit’ass camera ??? Could some explain in a few words ???
      Still praying for justice !!!

    13. Meee on March 20th, 2007 4:41 pm

      The WE network has also been running Aruba ad’s. Sent them and the Advertising heads e-mails about that. The WE network responded with the standard thank you reply. The ad people never did. Feel we to give them a try. contactwe@we.tv and the ad people are hckaras@rainbow-media.com and amano@rainbow-media.com

    14. robots on March 20th, 2007 5:04 pm

      ARUBA BLOWS CHUNCKS

    15. Carpe Noctem on March 20th, 2007 5:19 pm

      Paul van der Sloot interview for

      the Holland Television Show, NOVA

      February 2006

      http://tinyurl.com/27Xw8j

      ….

      Paul van der Sloot: Yes, I continued to believe in that story. I had never, all these days after, received a clue that it would be incorrect.

      Reporter (Twan Huys): When did you find out that it was, nevertheless, different than how it was told by your son in the first place?

      *******
      Paul van der Sloot: He was arrested and then he changed his declaration.

      Host ( Jeroen Pauw): Ok, Twan, so there are different declarations. What did Joran say in his second declaration?

      Reporter (Twan Huys): Very simple, Jeroen, in his first declaration, he has said that, indeed, that he went, together with his two friends and Natalee, to the beach and that, that night, deep in the night, actually in the morning, all of them went back to the Holiday Inn hotel, where she was staying, and dropped her off there. That story is incorrect. That story, as told, has been retracted by Joran and also by his both friends, who are also still stuck [in jail].

      ****

      He did that as soon as he was arrested and was interrogated by the police. He also never told the story as he told to the police to his parents.

      His declaration now is that he left Natalee alone on the beach, and then went home by himself, and that his two friends were nowhere near that. That is the second version, and until now Joran holds on to that, under severe police interrogation.

      snip

      rewind

      Reporter (Twan Huys): When did you find out that it was, nevertheless, different than how it was told by your son in the F-I-R-S-T- P-L-A-C-E?

      **********
      Paul van der Sloot: He was arrested and then he changed his declaration.

      PAULUS CLAIMS TO FIRST KNOW THE HOLIDAY INN LIE

      SHORTLY AFTER JORAN IS ARRESTED JUNE 9TH, 2005

      & CHANGES THE STATEMENT.

      Let’s compare notes from Satish’s ALE Statements.

      SATISH KALPOE – 06/24/2005 Suspect Statement

      On *** Wednesday June 1, 2005 **** after I had driven round with the police force I called my brother Deepak and together we went to meet Joran at the Racquet club. In the evening hours at around 10:30,

      I went with my brother Deepak to Joran’s apartment. His father and mother were with him and ******** we told them
      the invented tale of the Holiday Inn.***********

      ***

      JUNE 1ST, 2005

      The Van der Sloots know about THE HOLIDAY INN LIE

      Wednesday June 1, 2005

      In the evening hours at around 10:30 PM

      -Satish Kalpoe

      Comments:

      Satish Kalpoe tells us that he and his brother & J-BO tell the murdering / raping / serial lying VAN DER SLOOT parental unit frauds.

      A FULL FOUR DAYS / a whopping 96 HOURS of run time!!!!

      B-E-F-O-R-E

      Mickey & Abraham, the Security Guards are arrested on

      SUNDAY, JUNE 5TH, 2005

      http://tinyurl.com/2zr7sz

      What is going on here?

      Who Is Zooming, Who(m) -J4N

      —-

      MONDAY JUNE 06, 2005.

      “I think there are more suspects … we’re going to arrest more”
      people in connection with the case, Comemencia told, FOX News.

      Papito goes on to say:

      That he didn’t believe Holloway ever returned to her hotel.

      “The investigation looks like, that night, she never returned to her hotel,”

      Comemencia told FOX News. JUNE 6, 2005

      http://tinyurl.com/db25p

      The deeper one digs, the more things begin to stink! -JM

    16. Carpe Noctem on March 20th, 2007 5:51 pm

      EVEN MORE DAMNING.

      From the same Fox News Archive article above.

      ………………………..

      “Police spokesman Edwin Comemencia said that authorities had not ruled out the possibility that other people were involved. The two men in custody were NOT among three others described SATURDAY JUNE 4TH, 2005 by police as “persons of interest.”

    17. Observer on March 20th, 2007 6:07 pm

      Of all the spin and half truth’s..One thing is certain and can be proven.

      Aruban Law Enforcement knew on June 1st that Joran,Satish and Deepak were lying. However they still arrested the 2 security guards on june 5th while the 3 liars were allowed to roam free.

      Thanks to Jan Van Der Stratten,Dennis Jacobs and Edwin Comemencia

    18. Carpe Noctem on March 20th, 2007 6:20 pm

      MORE LIES & FETID ARUBAN COW PIES (cont’d)

      Dirt-pock Alpo

      6/13/2005 ALE STATEMENT

      This was Thursday two weeks ago (JUNE 2ND, 2005)

      He (Paulus Van der Sloot) had asked me if I knew a good attorney. I told him that I did not have a lot of experience with attorneys.

      He said to me that we shouldn’t worry about it and that he would find a lawyer for me and my brother.

      Joran’s father told me that same afternoon that he had hired Antoni Carlo to represent Joran.

      —-

      Lawyer Line Ups:

      JORAN / CARLO

      SATISH / KOCK

      DEE-PICKLE / OOMEN

      At one time we heard Joran like Kock!

      David Kock

      is big in Aruba.

      However, Satish liked Kock

      more than Joran So they flipped a pink fuzzy

      house-slipper on it!

      In the end, Satish got

      Kock, and we heard he liked it. -J4N-

      Don’t you just love happy endings? ;) (sarcasm)

    19. mayan_moons on March 20th, 2007 7:03 pm

      lol Carpe…..Even a spoon of sugar ain’t gonna help that go down!

    20. Allan K on March 20th, 2007 7:09 pm

      The Aruba attorneys knows Joran is guilty, almost everybody knows he is a major player along with Papa Sloot. The ALE know we know it and some of Aruba’s natives know it. I will be glad when Aruba figures out they will never recover. This still must not have sunk in to them yet.

    21. Achilles on March 20th, 2007 7:23 pm

      In the end, Satish got

      Kock, and we heard he liked it. -J4N-

      Don’t you just love happy endings? (sarcasm)

      Mama Kalpoe must be proud of that parlay lmao.

    22. houston on March 20th, 2007 7:53 pm

      I would still like to know what the United States Government has done….I guess I can answer that…nothing…..they are spineless. All planes from Aruba should not be allowed into the United States….and what about our Dutch Allies???

    23. Kat_Gram on March 20th, 2007 8:04 pm

      Fetid Aruban Cow Pies. ???
      Just Plain Cow Pies is nicer ! !
      When they are Aruban , they make ya BLOW CHUNKS.
      LOL at Robots and Carpe’s posts.
      (: (: (:

    24. Susie on March 20th, 2007 8:36 pm

      Natalee Holloway: IT’S TIME TO BRING HER HOME!
      February 24th, 2006

      After Joran Van der Sloots interview last night many figure its about time we bring Natalee home. “Sweet Home Alabama”

      IT’S TIME TO BRING HER HOME!

      Big wheels keep on turning
      Carry me home to see my kin
      Singing songs about the South Island
      I miss Natalee once again
      And I think its a sin, yes

      Well I heard mister Joran sing about her
      Well, I heard old Joran put her down
      Well, I hope Joran will remember
      A Southern momma won’t let you live it down anyhow

      Sweet home Alabama
      Where the skies are so blue
      Sweet home Alabama
      Lord, I’m coming home to you

      In Birmingham they love her mother
      Now we all did what we could do
      Now Arubagate does not bother me
      Does your conscience bother you?
      Tell the truth!

    25. Miss-Underestimated on March 20th, 2007 8:59 pm

      Good to see all the posters here. Glad to see 1906 posting.
      15. Hey Carpe so Anita was there? Hey Anita, what was on your camera?

      My, my, I don’t know if I’d want that woman teaching my children art. It is art right Anita?

    26. Janet on March 20th, 2007 9:32 pm

      22. Houston

      Natalee Holloway is an American citizen and … an obviously corrupt Aruban investigation is denying an American citizen justice and … putting her family through a H— on Earth and … the “powers that be” in the tiny island of Aruba have no fear of the nation that was once perceived as the greatest democracy on the face of the earth.

      The only politicians that have spoken out on behalf of Natalee Holloway and her family are … Riley, French and Rice and … very tactfully … as to not risk Aruba’s wrath … not to risk diplomatic relationships.

      WHAT IS WRONG WITH THIS PICTURE???

      If Aruba does not value America’s friendship enought to afford her citizen a just investigation then … Aruba is no ally and … then I ask “Why does American value relations with Aruba?”

      I consider it a betrayal of the United States of American to one of her own. Does anybody think for one minute that Natalee Holloway would have been denied justice and … her family a measure of closure if … Aruba had feared consequences … retaliation … accountability … wrath … from the United States Administration.

      Peace and fear go hand in hand. The principle is absolute. If a person or nation can not do right just because it is right ….. then only fear of consequences will motive them to do right.

    27. Tazman on March 20th, 2007 10:11 pm

      Hey Carpe! #18 Priceless!!

    28. Tazman on March 20th, 2007 10:12 pm

      Joran and OJ Simpson need to be roommates!!

    29. Richard on March 20th, 2007 10:41 pm

      Of course, Janet (#29), what US government these days is going to stand up for the rights of Americans?

    30. Richard on March 20th, 2007 10:42 pm

      Sorry, that should have been Janet (#26). And what did Condoleezza Rice ever say for Natalee? Nothing!

      It’s up to “We the people.” And you’re tired of hearing me say it by now, I know….

    31. Dayhiker on March 20th, 2007 11:08 pm

      Pound’em, pound’em some more, and keep poundin’ them. Maybe one of these days the Arubans will get it through their thick skulls that we aren’t going away.

      Great job you’re doing, Richard!

    32. Waterboy (Jerry) on March 20th, 2007 11:10 pm

      To 10061906,

      Over a year ago, you gave me a satellite pic of the lighthouse, rock area. I’ve traded laptops with my wife, and I think she might have dumped it. Do you think you could give me the link again? It had a good view of the restaurant, and the beach area below the restaurant. I’ve goggled up a satellite picture, but the areas are too hard to find. However, It is amazing how many mini rancheros there are on Aruba.

      Jerry

    33. Waterboy (Jerry) on March 20th, 2007 11:14 pm

      To 1906,

      Sorry, forgot to include.

      Please show satellite links of the gold mining areas if you have any.

      Jerry

    34. Janet on March 20th, 2007 11:20 pm

      30. Richard
      .
      Whatever Condoleezza Rice said or did to urge Aruba to conduct a just investigation into the disappearance of Natalee Holloway was for naught. The Arubans obviously were not intimidated by the “powers that be” in the United States administration.
      .
      ‘Rita Cosby Live & Direct’
      October 24, 2005
      TWITTY: Oh, I’ll tell you, Rita. It was just an absolute honor and a privilege for me to even get to speak with Condoleezza Rice. And, you know, she had been involved early on. I had heard from Prime Minister Oduber during that first week on the island that she had made a phone call to him. And, you know, I think that there were concerns expressed early on that this investigation was not going in the right direction. And so I know her involvement was there early on.
      .
      ASSOCIATED PRESS
      July 5, 2005
      Last week, both Sen. Richard Shelby (search), an Alabama Republican, and Alabama Gov. Bob Riley (search) wrote letters to Aruba’s prime minister urging him to do more. Secretary of State Condoleezza Rice also has expressed concern, Trapenberg said.
      .
      FOX NEWS
      June 15, 2005
      On June 6, during a trip to Florida, Secretary of State Condoleezza Rice told reporters that the United States is in constant contact” with Aruba authorities.

    35. Carpe Noctem on March 20th, 2007 11:41 pm

      I have some WB Jerry.

      If Mr. 1006 doesn’t still have it,

      I have a dozen or so
      to check out.

      http://tinyurl.com/2q5tas

    36. Skyboxx on March 21st, 2007 6:04 am

      Anita has always known the truth since her return to ARuba. She should come forward. Justice for Natalee. Keep the pressure on, Boycott, keep the news alive, keep Natalee in front of the media. This is the only hope to FORCE justice for Natalee.

      Aruba must learn, they cannot and will not get away with scandalous, shoddy police work.

    37. Richard on March 21st, 2007 7:57 am

      I’ve been reviewing the basic timeline in preparation for Boston … and of all the weird comments, this one might take the cake. But it’s been forgotten or overlooked:

      June 23 – Anita van der Sloot says on MSNBC: “My thoughts are with Natalee. I know she is alive. She’s somewhere. She’s alive. And I should have brought her to a responsible adult. That I blame myself and I will blame my whole life.”

      Is that spooky or what? “And I should have brought her to a responsible adult.” Taken literally, that implies that she had some interaction with Natalee … which couldn’t have been on the day she vanished, because Anita was still in the Netherlands!

      So is this saying that Natalee was detained and that, while a prisoner, Anita somehow came into contact with her?

      I can’t believe this, or at least it seems unbelievable.
      But this morning there was a story out of Pittsburgh about a girl who apparently, while delivering newspapers, was kidnapped and held hostage for months by a whole family, including two kids (one a girl) of Joran’s age and younger.

      As I say, I can’t imagine this. But who knows?

    38. I Love America on March 21st, 2007 10:29 am

      #37 –

      WOW! I have never heard that comment from Anita before. I agree 100% with you, Richard. She had to have some kind of contact with Natalee. Well at least Anita admits that she is not a responsible adult. But of course we all know that already. The entire family is demon possessed.

    39. vicki on March 21st, 2007 10:44 am

      Klaas, can you make what Richard posted a headline topic on the FP? I think it has been overlooked. If in fact that is what Anita said then Natalee came in contact with her and was ALIVE after Beth got to LIERUBA. I think Anita should be brought in for questioning….it was post 37

      ____________________

      SM:   I can’t, I don’t have access to create front page stories.   I can show it to Red though and maybe he’ll do something with it. (klaasend)

    40. 10061906 on March 21st, 2007 10:51 am

      To Waterboy and Carpe Noctem:
      I believe this is the interactive arial map of Aruba you are looking for:
      Let me know.
      http://tinyurl.com/2l4gcd

    41. Janet on March 21st, 2007 11:23 am

      37. Richard

      According to CBS News Correspondent, Kelly Cobiella, it was Joran who claimed that he should have brought Natalee to a responsible adult … not Anita.
      .
      CBS NEWS
      June 24, 2005
      .
      The mother of 17-year-old Joran van der Sloot says her son has changed his story, admitting to her that he was alone with 18-year-old Natalee Holloway on a beach the night she vanished – and that he left her there, not at a Holiday Inn as he earlier stated. But Joran van der Sloot, 17, insisted that he did not hurt her, Anita van der Sloot said.

      “He says ‘Mom, I dropped the girl at the beach. I walked with her, I left her because she wanted to stay there. I left and I don’t know what happened,’” the mother, quoting her son, told CBS News Correspondent Kelly Cobiella. “‘I should have brought her to a responsible adult. That I blame myself, and I will blame my whole life, but the truth will come out and I will be out of here soon.’”

    42. Carpe Noctem on March 21st, 2007 11:52 pm

      #40

      1006, thanks for the link.

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