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 draft is to improve the banking sector’s customer service. The draft opens with a reference to a European Union guideline that gives European 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...
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...
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...
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...
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...
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...
Central Bank shoots down Parman’s objections against the sale of Banco di Caribe
WILLEMSTAD — Ennia Caribe Holding (ECH) is not authorized to sell Banco di Caribe (BdC), its shareholder Parman International said in a press release, but this claim was quickly neutralized by the Central More...
United Group buys Banco di Caribe
PHILIPSBURG — Banco di Caribe has been sold to the Curacao-based United Group Holdings for an undisclosed amount of cash, the Central Bank of Curacao and St. Maarten (CBCS) announced in a press release. The More...
Chamber of Commerce wants to dissolve more than 500 companies
PHILIPSBURG — The Chamber of Commerce has announced its proposal to dissolve more than 500 businesses and thereby taking them off their registry. The complete list of affected businesses has been published More...
