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...
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...
Luciano Homemade Gelato: A Taste of The Netherlands in St. Maarten
PHILIPSBURG — Luciano Homemade Gelato, a renowned name with 15 locations in the Netherlands and 2 in Bonaire, has recently opened a new shop in Philipsburg, St. Maarten. The opening took place on Saturday, More...
Anti-counterfeit conference at Simpson Bay Resort
PHILIPSBURG — The second annual anti-counterfeit and intellectual property protection conference will take place on October 19 and 20 at the Simpson Bay Resort the Ministry of Justice announced in a press More...
Pension fund APS is not doing well
PHILIPSBURG — General Pension Fund APS is not doing well, it appears from a compliance audit into the fund’s financial statements 2022 conducted by the General Audit Chamber. APS’ coverage ratio dipped More...
Enterprise Support Program extended until 2028
PHILIPSBURG — The Enterprise Support Project (ESP) will remain in place until June 2028, the National Recovery Project Bureau (NRPB) announced in a press release. Micro, small and medium enterprises can More...
TelEm loses appeal against Israeli telecom giant
PHILIPSBURG — Telecom operator TelEm has lost its appeal against a decision that orders the company to pay MER St. Maarten BV, a subsidiary of the Israeli MER Group $561.905 and – after the presentation More...
GEBE has to reinstate Sharine Daniel as Head Internal Auditor, court rules
PHILIPSBURG — Utilities company GEBE has to admit Sharine Daniel to her work as Head Internal Auditor before September 6, the Court in First Instance ruled on Wednesday, August 30. The company had gone to More...
GEBE has to compensate former human resources manager
PHILIPSBURG — Utilities company GEBE is paying a hefty price for the dissolution of its labor contract with human resource manager Clifford Sasso. The Court in First Instance allowed the termination of the More...
Fair Trade Authority-fine for Ernst&Young is justified, court rules
WILLEMSTAD — The Fair Trade Authority Curacao (FTAC) fined accountancy Ernst&Young 400,000 guilders (close to $ 223,500) for failing to report a so-called concentration. The company appealed the decision, More...