CIBC FirstCaribbean announces large donation
PHILIPSBURG – CIBC First Caribbean donates $250,000 through its international ComTrust Foundation for the purchase of COVID-19 testing kits to the sixteen countries across the Caribbean where it operates. If evenly divided, each country will receive $15,625. The bank will make its donations through its operating companies in each country. Colette More...
Lobbyists demand strengthening central bank management
PHILIPSBURG – The governments of Curacao and St. Maarten have to appoint one or two “international heavyweights” to strengthen the management of the Central Bank of Curacao and St. Maarten (CBCS). That at More...
WIB wins license fee dispute against Travel Planners
PHILIPSBURG – De Windward Islands Bank (WIB) has prevailed in a lengthy legal battle against travel agency Travel Planners over the payment of the 1 percent foreign exchange license fee for bank transfers to More...
Ansary to court on March 30
WILLEMSTAD – The Court in First Instance in Curacao will handle the liability procedure against insurance company ENNIA’s major shareholder Hushang Ansary and other former managers on March 30, the Antilliaans More...
How Frans lost his building and his seat in Parliament
PHILIPSBURG – Port de Plaisance Boutique is the rightful owner of the Sunset Building in Simpson Bay. Attempts by its previous owners – United St. Maarten party leader Frans Richardson and Bureau Telecommunication More...
Plan for deposit guarantee regulation: too little, too late
PHILIPSBURG – The Central Bank of Curacao and Sint Maarten (CBCS) has presented the governments of both countries with a draft national ordinance aimed to establish a deposit guarantee regulation. Such a measure More...
Lion’s share of Central Bank profits stays in Curacao
PHILIPSBURG – The Central Bank of Curacao and St. Maarten is doing well but most of the profits from its healthy bottom line stay in Curacao. Between 2011 and 2018 - the last year of which audited data are available More...
Finance Minister Irion meets with Central Bank board
PHILIPSBURG — During the course of this week Minister of Finance, the honorable Ardwell Irion, met with member of the supervisory board of the Central Bank of Curacao and St. Maarten (CBCS) Dennis Richardson More...
Bank Fees should be justified and approved by Parliament
The Sint Maarten Insurance Brokers Association is calling on the 15 newly elected members of parliament to go to work soonest and focus on some key issues relating to the financial sector. Besides our own experiences, More...
The downside of the monetary union
By Hilbert Haar The St. Maarten Hospitality and Trade Association (SHTA) rightly sounded the alarm about Curacao’s intention to increase the foreign exchange license fee, warning that this could lead to a devaluation More...
