Parliament hesitant about approving Ennia-solution
PHILIPSBURG — It is not at all certain that the parliament will approve the proposal to save Ennia from bankruptcy and thus protecting the interest of its policy holders. Finance Minister Marinka Gumbs presented a detailed overview of the proposal (see related story) but she said at the same time that what is now on the table is not the best More...
Finance Minister Gumbs criticizes Ennia-solution
PHILIPSBURG — Finance Minister Marinka Gumbs is highly critical of the proposed solution to keep insurance company Ennia out of bankruptcy. The Netherlands has made the interest rate St. Maarten has to pay More...
Investigative journalism consortium dives into the ENNIA-saga
PHILIPSBURG — The International Consortium of Investigative Journalists (ICIJ) has published an article about the dispute between ENNIA’s majority shareholder Hushang Ansary and the Central Bank of Curacao More...
NO MORE PARTY LOANS
Minister of Finance Irion, in collaboration with the Central Bank of Curacao and St. Maarten (CBCS), has announced the issuance of a bond (loan) of $33.8 million dollars which he contends “will lay the foundation More...
Ennia wants to take the Ansary-dispute to the Supreme Court
WILLEMSTAD — Ennia and its supervisor CBCS want a ruling from the Supreme Court in The Hague about the dispute with Ennia’s majority shareholder Hushang Ansary and others, the Antilliaans Dagblad reports. In More...
Mullet Bay sale intended to cover Sun Resorts-debts
PHILIPSBURG — The intention to sell a small part of Mullet Bay aims to cover “huge debts” at its formal owner Sun Resorts, Minister of Finance Ardwell Irion said at Wednesday’s press briefing. Irion More...
Small part of Mullet Bay up for sale
PHILIPSBURG -- The Central Bank of Curacao and St. Maarten (CBCS) has put up 11,000 square meters of Mullet Bay for sale. This appears from an ad published in the Antilliaans Dagblad on October 16. The parcel More...
Central Bank to discuss details of Ennia-solution
PHILIPSBURG — The solution Curacao’s Prime Minister Gilmar Pisas has presented for embattled insurance company Ennia is not an entirely done deal yet, it appears from a press release issued by the Central More...
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 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...
