Ansary frustrates restructuring of insurance company ENNIA

ENNIA - Photo Extra

PHILIPSBURG – Hushang Ansary, the 93-year old Persian-American major shareholder of Parman International B.V. is frustrating the restructuring process the Central Bank of Curacao and St. Maarten (CBCS) has initiated to rescue troubled insurance company ENNIA. This appears from a press release issued by the Central Bank in reaction to what it More...

by The Publisher | Published 4 days ago
SXM Airport ribbon cutting ceremony opening temp terminal building
By The Publisher On Wednesday, January 9th, 2019
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Council of Ministers supports airport financing through the World Bank and European Investment Bank

PHILIPSBURG – Over the past months, the Government of Sint Maarten has worked closely with the Netherlands, the World Bank and the European Investment Bank to secure the necessary funding for the full recovery More...

Hurricane Irma Damages GEBE
By The Publisher On Wednesday, December 19th, 2018
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GEBE and KADASTER in serious financial difficulties

PHILIPSBURG — The financial situation of the Kadaster and the island utility company GEBE is said to be in dire straits. According to reliable sources it was stated that the former Minister of Finance Richard More...

cbcs-headquarters-in-st-maarten
By The Publisher On Wednesday, December 19th, 2018
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Central Bank of Curacao and St. Maarten publishes Financial Statements for 2017

PHILIPSBURG/WILLEMSTAD — Over a week ago, the Central Bank of Curacao and St. Maarten published its financial statements for 2017. In a press release the Bank announced that the 2017 financial statements More...

Lights on at government building 20180131 - HH-min
By The Publisher On Sunday, December 16th, 2018
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Questionable behavior

By Hilbert Haar The General Audit Chamber-report about Dutch assistance to St. Maarten in the wake of Hurricane Irma reveals that one of the island’s key state-owned enterprises – utilities company GEBE More...

President of Parliament Sarah Wescot-Williams - 20181212 AB
By The Publisher On Wednesday, December 12th, 2018
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Sarah: Changes to pension ordinance critical for survival pension fund

PHILIPSBURG—The Chairlady of Parliament Sarah Wescot-Williams has announced that there will be cardinal changes to the pension ordinance. During a press conference which was held at the Parliament Building, she More...

general-hospital
By The Publisher On Tuesday, December 4th, 2018
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Financial Safeguards in place for the new St. Maarten General Hospital

PHILIPSBURG — St. Maarten Medical Center (SMMC) has been notified by Italian construction company INSO that its parent company, Condotte d’Acqua (Condotte) has filed for Extraordinary Administration, which More...

comparison 2018 2019 budget-page-002
By The Publisher On Tuesday, November 27th, 2018
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USP: 2019 budget lacks transparency and details

~ Faction seeks postponement of debate ~ Philipsburg — The faction of the United St. Maarten (US) party on Tuesday said the draft 2019 country budget is rushed, even less transparent than the last, lacks More...

CBCS SXM stakeholders presentation
By The Publisher On Tuesday, November 20th, 2018
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CBCS presents Strategic Plan in Sint Maarten

Willemstad/Philipsburg – Recently, the Centrale Bank van Curaçao en Sint Maarten (CBCS) presented its Strategic Plan to the stakeholders in Sint Maarten. The Governor of Sint Maarten, as well as the government, More...

World Bank logo
By The Publisher On Saturday, November 17th, 2018
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World Bank confirms: Dutch want rep in airport management

PHILIPSBURG – It is not like the Netherlands wants to take over the complete management of the airport in exchange for financing of the airport’s rehabilitation, but the Dutch do want to have somebody More...