Ansary frustrates restructuring of insurance company ENNIA

ENNIA - Photo Extra

PHILIPSBURG – Hushang Ansary, the 93-year old Persian-American major shareholder of Parman International B.V. is frustrating the restructuring process the Central Bank of Curacao and St. Maarten (CBCS) has initiated to rescue troubled insurance company ENNIA. This appears from a press release issued by the Central Bank in reaction to what it More...

by The Publisher | Published 6 months ago
Creditcard Scam Alert
By The Publisher On Monday, November 26th, 2018

Beware: Bank card scammers on the loose

PHILIPSBURG — Several residents have reported that they were questioned by some unknown persons posing as bank officials and asking about the status of their accounts. According to a resident of St. Peters he More...

100 Guilder Banknote
By The Publisher On Tuesday, August 28th, 2018

Central Bank warns of counterfeit banknotes in circulation

WILLEMSTAD/PHILIPSBURG — The Central Bank of Curaçao and St. Maarten (CBCS) recently announced in a public statement that it had been informed that counterfeit 100 guilder banknotes are currently in circulation More...

StMaartenNews Opinion
By The Publisher On Tuesday, July 10th, 2018

Can you still cash checks in St. Maarten?

We have said it so often now, it is becoming like a mantra. Not because something is common practice means it is legal. Banks have been blocking checks deposited from other banks for so long that it has become More...

By The Publisher On Monday, July 9th, 2018

Mullet Bay land worth 460 million guilders at the heart of Ennia’s pension problems

PHILIPSBURG – Over the weekend, reports reaching our news desk indicated that the Prosecutor’s Office in Curacao at the behest of the Central Bank of Curacao and St. Maarten (CBCS) requested the assistance of More...

ENNIA - Photo Extra
By The Publisher On Thursday, July 5th, 2018

CBCS requested emergency measure for ENNIA

Willemstad/Philipsburg – After having identified that Ennia Caribe Leven NV, Ennia Caribe Schade NV and Ennia Caribe Zorg NV, (ENNIA), has been non-compliant with applicable laws and regulations, the Centrale More...

Conclusion Bridging Financial Innovation and Regulation seminar
By Desk Editor On Wednesday, July 4th, 2018

Central Banks should take leading role in financial innovation

Willemstad/Philipsburg — ‘There’s an important role to play for central banks in adopting a proactive approach and giving direction to the changes and innovations that are currently affecting the financial More...

Cor Merx 20171116 - HH
By The Publisher On Tuesday, June 19th, 2018

Consumer organizations on St. Maarten give opinions on role Central Bank

PHILIPSBURG — Yesterday we published the announcement from the Central Bank of Curacao and St. Maarten (CBCS) that on March 28, 2018, the National Ordinance Actualization and Harmonization Supervision Ordinances More...

By The Publisher On Sunday, June 17th, 2018

New banking ordinance to strengthen supervision financial products

  PHILIPSBURG — According a recent announcement by the Central Bank of Curacao and St. Maarten on March 28, 2018, the National Ordinance Actualization and Harmonization Supervision Ordinances Centrale More...

APS, MinFin
By Desk Editor On Thursday, June 14th, 2018

Minister of Finance Michael Ferrier visits APS

On June 12th, Algemeen Pensioenfonds Sint Maarten (APS) Director Nadya Croes-van Putten welcomed Minister of Finance, Michael Ferrier to the APS office for an official visit and tour. As part of the visit, APS took More...