Will St. Maarten finally leave the monetary union?
PHILIPSBURG — The Social Economic Council advised the government more than ten years ago, in February 2013 to leave the monetary union with Curacao as soon as possible. Politicians may have read the advice, or maybe they did not but the result was that they did nothing at all with it. The Council’s advice to introduce dollarization also fell More...
Imports affect impact of international tourism
PHILIPSBURG — Every dollar earned from international tourism induces almost 62 dollar cents in additional imports. This appears from research conducted by Dr. Shekinah Dare and Christopher Rigaud. The researchers More...
Central Bank launches Caribbean guilder in March 2025
PHILIPSBURG — The Caribbean Guilder will replace the Antillean Guilder per March 31, 2025, the Central Bank of Curacao and St. Maarten announced in a press release. Initially, the bank’s 2022 annual financial More...
Central Bank reaches agreement to protect Ennia pensions
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) has reached an agreement with the governments of Curacao and St. Maarten whereby there is no need for cuts in the pensions of Ennia policy More...
Appeals court blocks Ennia’s attempt to get a judgment from the Supreme Court
WILLEMSTAD — The Common Court of Justice has denied Ennia’s request to have the Supreme Court render judgment on the court’s interim ruling in the dispute between the insurance company and its majority More...
Court rules: No bank account for Oduber’s company BCY Entertainment
ORANJESTAD — Arubabank is entitled to refuse opening a bank account for BCY Entertainment, a company of former Minister of Urban Planning, Infrastructure and Environment Otmar Oduber, the court of appeals More...
CIBC FirstCaribbean and JetBlue Introduce Two New Credit Cards in 5 Caribbean Destinations Offering Cardholders Exclusive Benefits and Rewards
The CIBC FirstCaribbean and Mastercard® Programmes Give Cardholders an Opportunity to Earn TrueBlue Points to Travel to More than 100 Destinations in JetBlue’s Network NEW YORK (November 1, 2023) – More...
CIBC FIRSTCARIBBEAN TO SELL ITS BANKING ASSETS IN CURAÇAO AND ST. MAARTEN
Bank completes its programme of country divestitures with the two transactions Bridgetown, Barbados 31st October 2023. FirstCaribbean International Bank Limited has announced that its wholly-owned subsidiary, More...
CIBC FIRSTCARIBBEAN HAS ANNOUNCED THAT IT IS REBRANDING TO CIBC
Re-brand to be completed during the bank’s new financial year Bridgetown, Barbados 31st October 2023. As it enters a new financial year, FirstCaribbean International Bank Limited has announced that the leading More...
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 More...
