Analysis: Central Bank intervened much too late at ENNIA
WILLEMSTAD — The management of ENNIA has mismanaged the insurance company and might even have committed criminal acts, econometrists Servaas Houben and Ronald Ketellapper state in an analysis published by Dick Drayer on LinkedIn. Houben works in the insurance industry in Belgium and Ketellapper is a former manager of Guardian Group Fatum in Curacao, More...
Saleh’s function as Minister of State under pressure
WILLEMSTAD — Almost twenty years after he became Minister of State for the Netherlands Antilles, Jaime Saleh is under threat to lose this honorary title. Prime-Minister Gilmar Pisas gave the 82-year old former More...
Curacao’s position on Ennia could cost St. Maarten a lot of money
THE HAGUE — If Curacao continues to object to the rescue plan for Ennia’s pension fund it could have dire consequences for St. Maarten, DossierKoninkrijksrelaties.nl reports. If Curacao does not cooperate, 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...
Conditions influence interest rates for refinanced liquidity loans
PHILIPSBURG — State Secretary Alexandra van Huffelen is prepared to refinance the liquidity loans for St. Maarten Curacao and Aruba if the islands meet “country-specific conditions,” it appears from a 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...
Renewable energy project meets with fierce criticism
WILLEMSTAD — Curacao wants to become a dominant player in the market of renewable energy, NOS-correspondent Dick Drayer reports, but the apparent plans to build windmill parks off the North coast of Curacao More...
Former Minister Oduber is one of the suspects in the Flamingo-investigation
ORANJESTAD – The public prosecutor’s office in Aruba is going to prosecute former Minister Otmar Oduber for “fraudulent practices,” dossierkoninkrijksrelaties.nl reports. After he left the Aruban More...
Winair’s turnover more than doubled in 2022
PHILIPSBURG — The turnover of Winair more than doubled in 2022 to €28.6 million (almost $31.2 million) compared to the €13.7 million ($14.9 million) of the year before. Profit before taxes was €1.5 More...
St. Maarten second on investment climate index
PHILIPSBURG — St. Maarten is for the first time since its introduction in 2021 placed on the Caribbean Investment Climate Index, an initiative of the Economic Bureau Amsterdam. The index measures the investment More...
