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Tag archive for ‘Central Bank Curacao & St. Maarten (CBCS)’
By The Publisher On Friday, August 5th, 2022
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Reducing red tape improves the business climate

PHILIPSBURG — More than half of the respondents in a Central Bank-survey into the effect of red tape on business performance and economic development said that the costs of regulatory compliance have increased More...

By The Publisher On Wednesday, June 1st, 2022
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Central Bank projects strong economic growth

PHILIPSBURG — St. Maarten’s economy could grow by as much as 14.3 percent this year, but the Central Bank warns that the length and the intensity of the war in the Ukraine could have a mitigating effect. More...

By The Publisher On Monday, January 24th, 2022
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Accountants punished for sloppy work at ENNIA

PHILIPSBURG -- The Accountants Chamber in Zwolle has kicked two accountants who approved several annual accounts of insurance company ENNIA on dubious grounds for 6 and 4 month respectively out of the registry. More...

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 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 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 Saturday, July 31st, 2021
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Central Bank-report details pandemic’s economic damage

PHILIPSBURG — Stay-over arrivals dropped by 66.7 percent in 2020 and cruise arrivals fell 77.3 percent last year, the Central Bank of Curacao and St. Maarten (CBCS) states in its annual report. “Cruise More...

By The Publisher On Saturday, July 31st, 2021
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Central Bank annual report: Economy (maybe) back to pre-pandemic levels in 2024

PHILIPSBURG — St. Maarten’s real Gross Domestic Product declined by 22.4 percent in 2020. Curacao saw a drop of 19.3 percent it appears from the 2020 annual report of the Central Bank of Curacao and St. More...

By The Publisher On Wednesday, June 9th, 2021
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Central Bank considers selling Banco di Caribe

WILLEMSTAD — The Central Bank of Curacao and St. Maarten considers putting the shares of Banco di Caribe up for sale in an effort to generate revenue for the restructuring of insurance company Ennia. The More...