Caribbean guilder arrives in six months and cash remains king
PHILIPSBURG — About half a year from now the Antillean guilder will cease to exist and be replaced by the Caribbean guilder, the new common currency of the monetary union of Curacao and St. Maarten. The new currency has been long in the making. When both countries obtained autonomous status on October 10, 2010, they already announced the introduction More...
Solution or no solution: what does it mean for the ENNIA policyholders in St. Maarten?
PHILIPSBURG — Finance Minister Marinka Gumbs made clear during a meeting of Parliament in June that the Outline Agreement as a solution for troubled insurance company ENNIA is not the best solution for St. More...
CBCS sounds the alarm over lack of parliamentary approval for ENNIA-solution
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) wants to finalize the restructuring of troubled insurance company ENNIA by December 1 of this year but it is unable to do so without approval More...
New Energy Loan Initiative: Empowering St. Maarten SMEs with Financial Solutions to Combat the Energy Crisis
Philipsburg, St. Maarten – In a proactive response to the ongoing energy crisis that has significantly impacted the business community, particularly micro, small, and medium-sized enterprises (MSMEs), Member More...
Cash at home? The tax inspectorate wants to know
THE HAGUE — The Dutch desire to regulate everything becomes once more apparent from rules that apply to the amount of money citizens are allowed to have at home. The situation in St. Maarten is a lot more More...
Bank says farewell with USD$25000 gift to marine project
Willemstad, Curaçao, July 15, 2024 – As CIBC Caribbean, trading as FirstCaribbean in the Dutch Caribbean, completed the transfer of its assets to Orco Bank N.V last month, the bank made a parting gift of USD$25000 More...
Central Bank says it has become pro-active after Girobank disaster
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) has learned some valuable lessons from the downfall of the Girobank and from the report Deloitte Netherlands produced about this situation. In More...
Court appoints appraiser to determine fair value of Mullet Bay
PHILIPSBURG -- The Common Court of Justice will appoint Greg Becker of the Canadian real estate management company Colliers as appraiser for providing an advice about the fair value of Mullet Bay. Collier was established More...
What’s happening with Republic Bank Anguilla and their affiliates around the Caribbean? Are you a victim?
From our Correspondent ANGUILLA — A wave of frustration and anger have swept through Anguilla as about 200 residents joined forces in a peaceful protest outside the premises of Republic Bank (Anguilla) Limited, More...
Uncertainty looms for St. Maarten Revolut users
PHILIPSBURG — Former Member of Parliament Rolando Brison’s recent intervention regarding the availability of digital banking services in St. Maarten has sparked considerable debate, especially as local More...
