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. This appears from the confidential advice of financial supervisor CFT that has been made public by State Secretary Alexandra van Huffelen 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...
Pro Soualiga Protests Dutch Interference in Ennia Affair
During a recent press conference, State Secretary Van Huffelen stated that the Government of St. Maarten had to “come up with a solution to the problems at the pension insurer Ennia.” She also indicated More...
CIBC FirstCaribbean announces Realtor of the Year Award
PHILIPSBURG — CIBC FirstCaribbean introduced the Realtor of the Year Award during special client events it held recently in the Cayman Islands, Jamaica and Barbados. The bank announced that a similar event More...
Pension cuts loom if Ansary does not pay, CBCS-director Jardim says
WILLEMSTAD — The pensions that are insured by ENNIA are at risk. José Jardim, the financial-economic director of the Central Bank of Curacao and St. Maarten (CBCS) said on the last day of Hushang Ansary’s More...
Digital banking is taking the world by storm
PHILIPSBURG — The banking industry is in the middle of a digital revolution that will affect banking in never before seen ways. Policy Officer Farah de Haas and Information Risk Officer Marc Kross examined More...
Former director Andraous joins the fight against ENNIA
PHILIPSBURG — Former ENNIA-director Abdallah Andraous has followed Nina Ansary’s example in an attempt to get away from paying 237.2 million guilders ($132.5 million) in damages to his former employer. Attorney More...
