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...
We as a country can manage our own Central Bank
Dear Editor, I am not a person of the media, but as a born St. Maartener and professional, I have decided to speak out on this matter as I am feeling very belittled and insulted by the comments made by MP More...
Attorney warns against dire consequences of foreign exchange restrictions
PHILIPSBURG – “If this ship sinks we all sink together,” is the conclusion of an opinion HBN Law attorney Michelle Wever wrote about the potential consequences of measures the Central Bank of Aruba took back More...
WIB wins license fee dispute against Travel Planners
PHILIPSBURG – De Windward Islands Bank (WIB) has prevailed in a lengthy legal battle against travel agency Travel Planners over the payment of the 1 percent foreign exchange license fee for bank transfers to More...
Finance Minister Irion meets with Central Bank board
PHILIPSBURG — During the course of this week Minister of Finance, the honorable Ardwell Irion, met with member of the supervisory board of the Central Bank of Curacao and St. Maarten (CBCS) Dennis Richardson More...
Ill-prepared
By Hilbert Haar The recently held meeting of the parliamentary finance committee about the situation of insurance company ENNIA and its affiliated entities showed once more how ill-prepared some politicians are More...
Parman loses lawsuit: emergency measure at ENNIA remains in place
PHILIPSBURG — “Okay, then you start the emergency regulation.” With those words Hushang Ansary, the 93-year old Persian-American major shareholder of Parman International BV walked out of a meeting with More...
Can you still cash checks in St. Maarten?
We have said it so often now, it is becoming like a mantra. Not because something is common practice means it is legal. Banks have been blocking checks deposited from other banks for so long that it has become More...
IATA’s NewGenISS payment options possible loophole for banks
Read our report how despite the introduction of new payment options for travel agencies by the International Air Transportation Association, IATA, banks would still be able to use a loophole to charge travel agencies More...
“Nobody is denying Tromp his right to appeal”
GREAT BAY – Asked about the reaction from Central Bank President Emsley Tromp to Finance Minister Richard Gibson’s public statement that he had not passed the screening, Minister Gibson (see file photo) said More...
