MP Brison’s initiative law proposes a $30 health levy to tourists
PHILIPSBURG — Visiting tourists will be charged with a health levy of $30 every time they visit St. Maarten if an initiative law proposed by Member of Parliament Rolando Brison (UP) becomes a reality. Brison announced his initiative in a press release last week, explaining that his National Ordinance Tourism Health Levy would add a mandatory More...
Ansary and Co sentenced to repay more than one billion guilders to ENNIA
PHILIPBURG -- Majority shareholder Hushang Ansary has to repay insurance company ENNIA more than one billion guilders (close to $563 million) to compensate for a string of financial irregularities that negatively More...
NAGICO Cricket Club receives new uniforms & gears
PHILIPSBURG — The NAGICO Cricket Club will be debuting their new uniforms and gears this weekend, in the ongoing T-20 competition being held at the Carib Lumber Ball Park. The team received these new uniforms, More...
Ansary’s attorneys: No evidence of solvency deficit at ENNIA
WILLEMSTAD — “The plaintiffs present circumstances that are incorrect, in violation of the law or otherwise simply made up,” attorneys Karan Doekhi and Mirto Murray said on the second day of the lawsuit More...
SABA students thank NAGICO Insurances for Care kits
CAPTION: Saba students extend their gratitude to NAGICO for COVID-19 care packages. THE BOTTOM — Students of the Saba Comprehensive and Sacred Heart Primary School in Saba have expressed a big thank you More...
Minister Ottley’s insurance-plan draws criticism
PHILIPSBURG — The announcement by Minister Omar Ottley (Public Health) that he intends to increase the salary-ceiling for insurance under SZV from 67.816 to 120,000 guilders (from $37,886 to $67,039) per More...
Central Bank shoots down Parman’s objections against the sale of Banco di Caribe
WILLEMSTAD — Ennia Caribe Holding (ECH) is not authorized to sell Banco di Caribe (BdC), its shareholder Parman International said in a press release, but this claim was quickly neutralized by the Central More...
United Group buys Banco di Caribe
PHILIPSBURG — Banco di Caribe has been sold to the Curacao-based United Group Holdings for an undisclosed amount of cash, the Central Bank of Curacao and St. Maarten (CBCS) announced in a press release. The More...
NAGICO Insurances has launched a project to help promote safety awareness in school
PHILIPSBURG — Given the emergence of the highly transmissible COVID-19 Delta variant, NAGICO Insurances has launched a project to help promote safety awareness in schools. The awareness campaign will see More...
Hong Kong-based re-insurer Peak Re acquires complete ownership of NAGICO
PHILIPSBURG — Insurance Company Nagico will become 100 percent subsidiary of Peak Re (Peak Reinsurance Company), pending regulatory approval, NAGICO said in a press statement. Peak Re is a Hong Kong-based More...
