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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
