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Attorney warns against dire consequences of foreign exchange restrictions

PHILIPSBURG – “If this ship sinks we all sink together,” is the conclusion of an opinion HBN Law attorney Michelle Wever wrote about the potential consequences of measures the Central Bank of Aruba took back in March to limit the flight of capital to foreign countries. The Central Bank of Curacao and St. Maarten took similar measures around the More...

by The Publisher | Published 7 days ago
By The Publisher On Monday, August 24th, 2020
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Millions available for Enterprise Support Program (ESP)

PHILIPSBURG – The National Recovery Program Bureau (NRPB) launched its Enterprise Support Program (ESP) with a virtual presentation. There is $35 million available for the next four years for eligible projects. More...

By The Publisher On Thursday, August 20th, 2020
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Challenges facing the new CBCS President

by Emsley D. Tromp I am writing this note risking stepping on toes. However, the only way to avoid stepping on toes is to stand still. Standing still will come at greater cost to the reputation and the credibility More...

By The Publisher On Friday, July 24th, 2020
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Central Bank appoints Brodie as ENNIA’s CEO

WILLEMSTAD – The Central Bank of Curacao and St. Maarten will install a new management team at insurance company ENNIA next week with Lesley-Ann Brodie as its Chief Executive Officer. Brodie spent more than ten More...

By The Publisher On Tuesday, June 23rd, 2020
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Banking with NIBanc comes to an end

PHILIPSBURG – The owner of NIBanc, Hushang Ansary, has requested the Central Bank of Curaçao and St. Maarten to withdraw the banking license. After thirty years, the curtain falls on the investment bank More...

By The Publisher On Sunday, June 21st, 2020
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Heyliger-Marten: “Local lenders must show confidence in local businesses”

PHILIPSBURG — At a time when local and global economies are facing economic hardship and the US stock market is showing instability, Faction Leader for the United People’s Party in Parliament, the honourable More...

By The Publisher On Saturday, June 20th, 2020
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CBCS provides information about salary bank president

WILLEMSTAD/PHILIPSBURG — Although it is very unusual for individual salary information to be discussed in public, the Supervisory Board of the Central Bank of Curaçao and Sint Maarten (CBCS) has decided More...

By The Publisher On Friday, June 5th, 2020
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WIB takes corporate citizenship seriously

PHILIPSBURG – The Windward Islands Bank (WIB) has shown with two actions that it takes its corporate citizenship seriously. The bank donated 110,000 guilders (close to $61,500) to the Rotary Club of Sint Maarten More...

By The Publisher On Wednesday, June 3rd, 2020
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Central Bank allows moratorium on all loans

PHILIPSBURG — The Central Bank of Curacao and Sint Maarten already took steps to counter the effects of the corona-virus crisis in March. At least one of these measures seems to be at odds with statements More...

By The Publisher On Friday, May 29th, 2020
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MP Buncamper questions money transfers

PHILIPSBURG – Parliamentarian Claudius Buncamper has asked Finance Minister Ardwell Irion in a letter dated May 27 whether measures will be taken “to slow down or stop the flight of foreign currency.” MP More...