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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...

by The Publisher | Published 7 months ago
By The Publisher On Thursday, December 2nd, 2021
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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...

By The Publisher On Wednesday, November 17th, 2021
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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...

By The Publisher On Sunday, October 17th, 2021
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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...

By The Publisher On Wednesday, October 13th, 2021
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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...

By The Publisher On Sunday, October 3rd, 2021
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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...

By The Publisher On Tuesday, September 21st, 2021
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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...

By The Publisher On Saturday, September 18th, 2021
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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...

By The Publisher On Thursday, August 26th, 2021
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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...

By The Publisher On Wednesday, July 28th, 2021
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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...