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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 and St. Maarten under the title: A US billionaire took over a tropical island pension fund – then hundreds of millions of dollars More...

by The Publisher | Published 3 months ago
By Online Editor On Thursday, October 26th, 2023
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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...

By The Publisher On Tuesday, October 24th, 2023
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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...

By The Publisher On Sunday, October 22nd, 2023
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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...

By The Publisher On Wednesday, October 18th, 2023
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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...

By The Publisher On Wednesday, October 11th, 2023
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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...

By The Publisher On Monday, September 18th, 2023
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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...

By The Publisher On Sunday, September 17th, 2023
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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...

By The Publisher On Thursday, September 14th, 2023
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Appeals court holds Ansary liable for Ennia debacle

WILLEMSTAD — The Common Court of Justice ruled on Tuesday that insurance company Ennia is entitled to at least 153.8 million guilders ($85.9 million) in damages, caused by its major shareholder Hushang Ansary More...

By The Publisher On Monday, September 11th, 2023
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Dutch loan to rescue ENNIA meets with criticism

PHILIPSBURG — If the Dutch parliament agrees, insurance company ENNIA will be saved with a 600 million euro loan from the Netherlands. But not everybody is happy with this solution. The deal is that St. Maarten More...