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Ansary loses legal fight for Mullet Bay

PHILIPSBURG — Hushang Ansary’s attempt to regain control of Sun Resorts and thereby of Mullet Bay has failed. The Court in First Instance ruled on Friday that Ennia Caribe Investments is the lawful owner. The court forbade Ansary, Ralph Palm and Clarence Derby to pretend they are the statutory directors of Sun Resorts. They are also banned More...

by The Publisher | Published 2 months ago
By The Publisher On Thursday, October 6th, 2022
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Brison addresses right to bank account during IPKO

PHILIPSBURG — MP Rolando Brison addressed the right to having a basic bank account during the recent meeting of the Inter-Parliamentary Kingdom Consultation (IPKO), but it remains unclear what he achieved More...

By The Publisher On Friday, September 2nd, 2022
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Law office loses fight for Dutch bank account

AMSTERDAM – ABN AMRO is entitled to terminate the Dutch bank account of VapEps, a law office established in Curacao with offices in Curacao, Aruba, Bonaire, Sint Maarten and the Netherlands. VanEps wanted More...

By The Publisher On Tuesday, August 9th, 2022
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Ministry of Finance receives updates on Republic Bank’s corporate responsibility plan

Republic Bank pledges a more proactive approach in the future. PHILIPSBURG, Sint Maarten— The Ministry of Finance was recently the recipient of a courtesy visit from the General Managing Director of Republic More...

By The Publisher On Wednesday, June 1st, 2022
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Central Bank projects strong economic growth

PHILIPSBURG — St. Maarten’s economy could grow by as much as 14.3 percent this year, but the Central Bank warns that the length and the intensity of the war in the Ukraine could have a mitigating effect. More...

By The Publisher On Friday, May 27th, 2022
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Airport completes refinancing of 2012-loan

PHILIPSBURG — Princess Juliana International Airport (PJIAE) completed the refinancing of its 2012-loan with a celebration at the Mimosa Sky Lounge on Rhine Road. The airport secured a $90 million loan package More...

By The Publisher On Tuesday, February 1st, 2022
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Central Bank President Doornbosch: “Promote job creation through public investments”

PHILIPSBURG — “Unlock private investments and promote job creation through public investments.” That is one of the recommendations Richard Doornbosch, President of the Central bank of Curacao and St. More...

By The Publisher On Monday, January 24th, 2022
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Accountants punished for sloppy work at ENNIA

PHILIPSBURG -- The Accountants Chamber in Zwolle has kicked two accountants who approved several annual accounts of insurance company ENNIA on dubious grounds for 6 and 4 month respectively out of the registry. More...

By The Publisher On Wednesday, January 12th, 2022
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Draft banking law contains debatable provisions

PHILIPSBURG — The draft bank account law that Member of Parliament Rolando Brison (UP) sent to the media this week contains a couple of interesting but debatable provisions. The apparent objective of the More...

By The Publisher On Wednesday, January 12th, 2022
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Update on the right to a bank account

Dear editor, It should have surprised absolutely no-one in the Sint Maarten business community that businesses now must place ads in a newspaper to get a bank’s attention, as happened in the January 6th edition More...