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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. “It is therefore likely that inflation will further increase and that the economic growth will be lower than projected,” the bank writes More...

by The Publisher | Published 1 month ago
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...

By The Publisher On Wednesday, December 8th, 2021
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CX Pay B.V. partners with Cybersource

MIAMI/WILLEMSTAD — Curaçao based CX Pay B.V. announced that the FinTech company has selected the payment and anti-fraud platform CyberSource, a Visa solution, to broaden its service offering, while further More...

By The Publisher On Thursday, December 2nd, 2021
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Ansary and Co sentenced to repay more than one billion guilders to ENNIA

PHILIPBURG -- Majority shareholder Hushang Ansary has to repay insurance company ENNIA more than one billion guilders (close to $563 million) to compensate for a string of financial irregularities that negatively More...

By The Publisher On Sunday, October 17th, 2021
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Ansary’s attorneys: No evidence of solvency deficit at ENNIA

WILLEMSTAD — “The plaintiffs present circumstances that are incorrect, in violation of the law or otherwise simply made up,” attorneys Karan Doekhi and Mirto Murray said on the second day of the lawsuit More...

By The Publisher On Wednesday, October 13th, 2021
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CIBC FirstCaribbean to sell its banking assets in four OECS countries and Aruba

Bridgetown, Barbados 12th October 2021. FirstCaribbean International Bank Limited has announced that its wholly-owned subsidiary, FirstCaribbean International Bank (Barbados) Limited (“FCIB More...

By The Publisher On Saturday, September 25th, 2021
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We as a country can manage our own Central Bank

Dear Editor, I am not a person of the media, but as a born St. Maartener and professional, I have decided to speak out on this matter as I am feeling very belittled and insulted by the comments made by MP More...