CIBC FirstCaribbean announces large donation

CIBC FirstCaribbean Banking Centre - 2020022302 JH

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...

by The Publisher | Published 12 hours ago
Central Bank building Curacao Scharloo
By The Publisher On Sunday, March 8th, 2020
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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 bank Philipsburg main branch - 20200220 JH
By The Publisher On Friday, March 6th, 2020
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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...

Hushang Anary - Photo Antilliaans Dagblad
By The Publisher On Saturday, February 15th, 2020
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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...

Sunset Building 3
By The Publisher On Thursday, February 13th, 2020
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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...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Monday, February 10th, 2020
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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...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Friday, January 31st, 2020
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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 wih CBCS management board
By The Publisher On Wednesday, January 22nd, 2020
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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...

Parliament Building 20180704 TR
By The Publisher On Sunday, January 19th, 2020
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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...

CBCS SXM building name
By The Publisher On Friday, January 17th, 2020
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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...