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 Bank of Curacao and St. Maarten (CBCS). Pisas stated recently that Curacao will provide an annual financial injection of 30 million guilders 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...
CFT warns that ENNIA-loan poses risk for Curacao
PHILIPSBURG — If the Netherlands decides to extend a 1.2 billion guilders loan to St. Maarten and Curacao to save insurance company ENNIA, it will have dire consequences for the future of in particular Curacao. More...
Dutch loan to rescue ENNIA meets with criticism
PHILIPSBURG — If the Dutch parliament agrees, insurance company ENNIA will be saved with a 600 million euro loan from the Netherlands. But not everybody is happy with this solution. The deal is that St. Maarten More...
Central Bank warns of economic and social catastrophe if Ennia-crisis is not resolved
PHILIPSBURG – “Not finalizing a resolution strategy for Ennia could trigger a run-off of international reserves and cause a deep economic and social crisis,” the Central Bank of Curacao and St Maarten More...
Economic growth slows down in 2023
PHILIPSBURG – Real growth of St. Maarten’s Gross Domestic Product will drop from 9.8 percent in 2022 to 3.2 percent this year, the Central Bank of Curacao and St. Maarten (CBCS) reports in its Monetary More...
MP Brison’s banking law is now at the Council of Advice
PHILIPSBURG – The Council of Ministers has approved the draft Right to a Bank Account law according to a press release by its creator, parliamentarian Rolando Brison. The release claims that more than 21 More...
