Ansary announces he is ready to abide by billion-dollar court ruling
WILLEMSTAD — Parman international BV and its majority shareholder Hushang Ansary want to put a stop to the lawsuit brought against them by the Central Bank of Curacao and St. Maarten. In a letter addressed to the Central Bank’s executive director José Jardim and board member Elisbeth Grimm, dated March 1, Parman’s attorney Mirto Murray writes More...
CIBC FIRSTCARIBBEAN named “BEST DIGITAL TRANSFORMATION BANK 2022”
~ Bank hailed for its great strides in offering digital banking, e-products and services ~ Bridgetown, Barbados, 31 January 2023. CIBC FirstCaribbean has copped another prestigious award for the great strides More...
Nina Ansary files lawsuit against Central Bank
PHILIPSBURG — Nina Ansary, the 56-year old daughter of Hushang Ansary has filed a complaint at the US District Court for the District of Columbia in an effort to protect her multi-million 15.9 percent stake More...
Central Bank examines effect of inequality on economic growth
PHILIPSBURG – The Economic Bulletin of December 2022 of the Central Bank of Curacao and St. Maarten contains an article about the effect of inequality on economic growth. The bank writes that this topic warrants More...
Ansary loses legal fight for Mullet Bay
PHILIPSBURG — Hushang Ansary’s attempt to regain control of Sun Resorts and thereby of Mullet Bay has failed. The Court in First Instance ruled on Friday that Ennia Caribe Investments is the lawful owner. The More...
Brison addresses right to bank account during IPKO
PHILIPSBURG — MP Rolando Brison addressed the right to having a basic bank account during the recent meeting of the Inter-Parliamentary Kingdom Consultation (IPKO), but it remains unclear what he achieved More...
Law office loses fight for Dutch bank account
AMSTERDAM – ABN AMRO is entitled to terminate the Dutch bank account of VapEps, a law office established in Curacao with offices in Curacao, Aruba, Bonaire, Sint Maarten and the Netherlands. VanEps wanted More...
Ministry of Finance receives updates on Republic Bank’s corporate responsibility plan
Republic Bank pledges a more proactive approach in the future. PHILIPSBURG, Sint Maarten— The Ministry of Finance was recently the recipient of a courtesy visit from the General Managing Director of Republic More...
Central Bank projects strong economic growth
PHILIPSBURG — St. Maarten’s economy could grow by as much as 14.3 percent this year, but the Central Bank warns that the length and the intensity of the war in the Ukraine could have a mitigating effect. More...
Airport completes refinancing of 2012-loan
PHILIPSBURG — Princess Juliana International Airport (PJIAE) completed the refinancing of its 2012-loan with a celebration at the Mimosa Sky Lounge on Rhine Road. The airport secured a $90 million loan package More...
