ENNIA needs millions to prevent cuts in pension payments
WILLEMSTAD — Insurance Company ENNIA is on the brink of bankruptcy, a situation that would directly affect more than 25,000 people in Curacao. To become solvent again ENNIA needs 650 million guilders (slightly more than $363 million) of new capital before the end of this year to prevent the need for cuts in pension payments. This appears from More...
Pro Soualiga Protests Dutch Interference in Ennia Affair
During a recent press conference, State Secretary Van Huffelen stated that the Government of St. Maarten had to “come up with a solution to the problems at the pension insurer Ennia.” She also indicated More...
Former director Palm has to repay millions to ENNIA
WILLEMSTAD — Former Ennia Holding and Ennia Investments director Ralph Palm and his company Palm Management Services have to repay the insurance company close to 4 million guilders, the Court in First Instance More...
Pension cuts loom if Ansary does not pay, CBCS-director Jardim says
WILLEMSTAD — The pensions that are insured by ENNIA are at risk. José Jardim, the financial-economic director of the Central Bank of Curacao and St. Maarten (CBCS) said on the last day of Hushang Ansary’s More...
Ansary announces he is ready to abide by billion-dollar court ruling
WILLEMSTAD — Parman international BV and its majority shareholder Hushang Ansary want to put a stop to the lawsuit brought against them by the Central Bank of Curacao and St. Maarten. In a letter addressed More...
Nina Ansary files lawsuit against Central Bank
PHILIPSBURG — Nina Ansary, the 56-year old daughter of Hushang Ansary has filed a complaint at the US District Court for the District of Columbia in an effort to protect her multi-million 15.9 percent stake More...
Ansary puts ownership Mullet Bay into question
PHILIPSBURG — Who owns Sun Resorts and, by extension, Mullet Bay? That question was the cornerstone of a dispute in court between Hushang Ansary and the Central Bank of Curacao and St. Maarten. Mullet Bay More...
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 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...
