SXMElections.com

Ennia Case Teaches: Structural Problems Require Structural Solutions

WILLEMSTAD (Source:Curacao Chronicle) – The issues surrounding Ennia, which concern both Curaao and the Netherlands, have sparked discussions and considerations about potential solutions and their consequences. According to econometricians Servaas Houben and Ronald Ketellapper, the main problem lies in the inadequate provisions and low capital buffers of Ennia Leven, resulting in the acute danger of pensions for approximately 30,000 residents of Curaao shrinking to twenty percent if the troubled insurer is not assisted with a substantial capital injection Read more

Willemstad:--- On the opening day of the conference entitled "Living longer, working longer: the sustainability of the pension system in the Dutch Caribbean," Drs. Raul Henriquez, director/general secretary of the Social and Economic Council (SER) of Curaao, spoke about the future challenges and sustainability of the pension system in Curaao. The two-day conference, organized by the Algemeen Pensioenfonds Curaao (APC) and the University of Curaao (UOC) on Thursday, June 22, and Friday, June 23, took place in the auditorium of the UOC Read more

Members Of Apc BankS Supervisory Board Relinquish Their Position

Willemstad – The members of APC Bank’s Supervisory Board have recently relinquished their positions at the bank. The Supervisory Board is discussing the situation with the shareholder and the Central Bank of Curaao and St. Maarten The parties are working in good consultation together to ensure that there is a responsible transfer of duties and powers.

No further announ Read more

Members Of Apc BankS Supervisory Board Relinquish Their Position.

Willemstad:---The members of APC Bank's Supervisory Board have recently relinquished their positions at the bank. The Supervisory Board is discussing the situation with the shareholder and the Central Bank of Curaao and St. Maarten The parties are working in good consultation together to ensure that there is a responsible transfer of duties and powers.

No further announcements about Read more

Resignation Of Oswin Eleonora As Managing Director Of Apc Bank.

Willemstad:--- APC Bank and Mr. Eleonora have decided to terminate their cooperation by mutual agreement, as a result of which Mr. Eleonora will step down as managing director of APC Bank and as supervisory director of PSB Bank, a subsidiary of APC Bank, as of August 9, 2021.

Mr Read more

Apc Bank Gets Banking Licence

Oswin Oz Eleonora.

PHILIPSBURG--Following an extensive preparatory process, APC Bank recently obtained a commercial banking license from the Central Bank of Curaao and St Maarten (CBCS). With this license, APC Bank established by General Pension FundRead more

Willemstad:--- After an extensive preparatory process, APC Bank recently obtained a commercial banking license from the Central Bank of Curaao and Sint Maarten. With this license, APC Bank can now focus on the necessary preparatory work to start operating in Curaao and Sint Maarten.

APC Bank was founded in April 2020 and bought the shares of PSB in May. APC Bank plans to purchase the shares of CHB as well Read more

Government Working On A Solution For Giro Bank

WILLEMSTAD – There is light at the end of the tunnel for the Giro Bank. While there are still some finishing touches regarding an agreement, but a good part of the portfolio of performing loans of the Giro Bank will be transferred to the new APC Bank, which belongs to the General Pension Fund Curaao. When the APC Bank will start its operations is not yet known.

Another issue that will be resolved is that all account holders and deposit holders can dispose of the full amount of the funds they have at Giro Bank.

APC, itself a 39.8 percent shareholder in Giro Bank, is contributing around 110 million guilders for this Read more

~ SMMC to repay loans ~

CAY HILL--A “facility agreement” amongst several parties committing to provide financing loans to fund the construction of a new general hospital for St. Maarten was signed between St. Maarten Medical Center (SMMC) and the financing partners on Friday.

The project is expected to cost NAf. 145 million. According to the agreement, Social and Health Insurances SZV will provide NAf. 39 million of this cost, General Pension Fund Administrator APS will provide NAf Read more

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