Bank settles dollar-swiping case for 25 million
WILLEMSTAD — Maduro & Curiel’s Bank (MCB) settled the so-called dollar-swiping case with the Public Prosecutor’s Office for 25 million guilders (close to $14 million). Because of the settlement, the bank will not be prosecuted for its role in this activity. Between 2007 and 2015 Venezuelans pinned purchases on a large scale outside of More...
Call for keeping Ennia-expert Grimm on board
WILLEMSTAD – Ennia’s Chief Executive Officer Lesley Ann Harms-Brodie has urged Central Bank President Richard Doornbosch and Minister of Finance Javier Silvania to keep Elisabeth Grimm on board for the More...
St. Maarten issues bond loan
PHILIPSBURG — St. Maarten will issue a bond loan of 60,854,000 guilders against 3.4 percent interest on November 10. The duration of the loan is 20 years. The subscription to the loan opens on November 2 More...
Ennia wants to take the Ansary-dispute to the Supreme Court
WILLEMSTAD — Ennia and its supervisor CBCS want a ruling from the Supreme Court in The Hague about the dispute with Ennia’s majority shareholder Hushang Ansary and others, the Antilliaans Dagblad reports. In More...
GET READY TO ‘MOVE FOR A CURE’ WITH CIBC FIRSTCARRIBEAN’S CANCER CHARITY MARATHON EVENT
Philipsburg, Sint Maarten, October 23, 2023 – Steadfast efforts are in full force as CIBC FirstCaribbean gets ready to “Move for the Cure” on Saturday, October 28th. With an unswerving pledge to support More...
Central Bank to discuss details of Ennia-solution
PHILIPSBURG — The solution Curacao’s Prime Minister Gilmar Pisas has presented for embattled insurance company Ennia is not an entirely done deal yet, it appears from a press release issued by the Central More...
Frederica Green-Brazier recognized as CIBC FirstCaribbean “Customer Service Hero”
Philipsburg, Sint Maarten October 8th, 2023. ‘Team Service’ is an essential reminder that no matter where frontline reps work, their job titles, or how they serve customers, everyone is on the same More...
CIBC FirstCaribbean criticized for inadequate supervision of Carbon Grove project
A report from our Correspondent PHILIPSBURG -- CIBC FirstCaribbean International Bank advertised itself as the financier of Carbon Grove residences in Cole Bay. That gave them confidence in the project, said clients More...
Central Bank: economic recovery continues
PHILIPSBURG — The economies of Curacao and St. Maarten continue to recover from the corona pandemic, the Central Bank of Curacao and St. Maarten (CBCS) states in its economic Bulletin of September. The first More...
Appeals court holds Ansary liable for Ennia debacle
WILLEMSTAD — The Common Court of Justice ruled on Tuesday that insurance company Ennia is entitled to at least 153.8 million guilders ($85.9 million) in damages, caused by its major shareholder Hushang Ansary More...
