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 that is a subsidiary of Banco di Caribe. With his private equity firm Parman International, 93-year-old American Hushang Ansary owns ENNIA, More...
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...
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...
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...
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...
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...
Prosecution settles with accountants in card-swipe fraud
WILLEMSTAD – KPMG Meijburg & Co Caribbean has accepted a settlement of 140,000 guilders ($78,212) from the Public Prosecutor’s Office to prevent criminal prosecution. A manager of the company pays 65,000 More...
Central Bank postponed 40-million bond issue
PHILIPSBURG – The Ministry of Finance has sent a reminder to the Netherlands about a 40 million-guilders loan financial supervisor Cft approved in August of last year. While the Netherlands has a “current subscription” More...
Time to split up the monetary union of Curacao & St. Maarten?
~ Is it a good time now to take up the 2013 SER advice to split up the monetary union between Curacao and St. Maarten? ~ By Hilbert Haar The conditions the Kingdom wants to impose on Curacao for more liquidity More...
Dutch national bank to become watchdog of CBCS
PHILIPSBURG – The government of Curacao and the Central Bank (CBCS) will have to provide the Dutch National Bank (DNB) with a broad insight into the situation in the financial sector and into potential losses, More...
