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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

Mp De Weever: 554 Days With No Resolution To Gebe Crisis

PHILIPSBURG, Sint Maarten — Independent member of Parliament Ludmila de Weever issued a media statement on the status of NV GEBE, St. Maartens sole electricity provider. De Weever, who has spoken passionately about the situation at GEBE since the March 2022 cyberattack, didnt mince words when she said that GEBE is a matter of national security Read more

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Landmark Research Report On Legislative Function In Sint Maarten Approved.

PHILIPSBURG:--- The Prime Minister and Minister of General Affairs are pleased to announce the approval of the comprehensive research report titled, Legislative function in Sint Maarten. This landmark report was given the green light by the Council of Ministers at the end of July.
The research was conducted in collaboration with the Caribbean Centre for Leadership (CCL) and the Vrije Universiteit Amsterdam, as stipulated in the Country Package. The primary objective of this ambitious project was to conduct a thorough analysis of the legislative function in Sint Maarten Read more

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PHILIPSBURG:--- The Prime Minister and Minister of General Affairs Silveria Jacobs, representing the Kingdom of the Netherlands, attended a high-level side event yesterday on the critical importance of early warning systems. The event was hosted the Permanent Mission of the Independent State of Samoa to the United Nations as a discussion on how to mitigate the impact of climate change-related disasters Read more

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UN HEADQUARTERS, New York:--- The President of the General Assembly, H.E. Mr. Dennis Francis, and the Executive Director of UN Women, H.E. Sima Sami Bahous, convened the highly anticipated 2nd annual meeting with women Heads of State and Heads of Government during High-Level Week. The Prime Minister and Minister of General Affairs, Silveria Jacobs was welcomed, with a member of her delegation, as a current woman Head of Government Read more

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PHILIPSBURG:--- The Sint Maarten Library is excited to share the rescheduling of our Read to Me Dutch is Fun Puppet show for Saturday, September 30, 2023, at the Sint Martin University, from 6 pm to 7 pm.
Peggy Nibte, a performer and a great storyteller, will serve as the puppeteer for the Dutch Is Fun Puppet Show.
Ms. Nibte was born in Paramaribo, Suriname, into a family of seven. She is the youngest of four girls and three boys. Her mother worked as a teacher, while her father served as a police officer Read more

Hurricane Nigel Advisory Number 13

NWS National Hurricane Center Miami FL AL152023

1100 AM AST Mon Sep 18 2023

SUMMARY OF 1100 AM AST...1500 UTC...INFORMATION

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LOCATION...27.2N 51.4W

ABOUT 875 MI...1410 KM ESE OF BERMUDA

MAXIMUM SUSTAINED WINDS...80 MPH...130 KM/H

PRESENT MOVEMENT...NW OR 325 DEGREES AT 12 MPH...19 KM/H

MINIMUM CENTRAL PRESSURE...984 MB...29.06 INCHES

WATCHES AND WARNINGS

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There are no coastal watches or warnings in effect.

DISCUSSION AND OUTLOOK

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At 1100 AM AST (1500 UTC), the center of Hurricane Nigel was located near latitude 27.2 North, lon-gitude 51.4 West Read more

PHILIPSBURG:--- The Prime Minister and Minister of General Affairs Silveria Jacobs embarked on a significant diplomatic journey, participating in the 78th session of the United Nations General Assembly (UNGA) in New York City. This historic visit underscores the importance of Sint Maartens presence on the global stage and emphasizes the vital role our island nation plays in addressing critical global issues Read more

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Seven Ghost Commissioners At Ennia Collected Well Over 5.5 Million Dollars

The condo of former Central Bank President Emsley Tromp and his son Evan is situated in one of the two towers on Brickell Key Drive, Miami.

PHILIPSBURG--Evan Tromp (40) the son of former President of the Central Bank of Curaao and St. Maarten (CBCS) Emsley Tromp (63), received a total of NAf. 2,544,977 (US $1,413,876) from ENNIA Holding and ENNIA Investments. Wrongly, according to the September 12 verdict in ENNIAs appeal against shareholder Parman International, former director Hushang Ansary and other directors and supervisory directors.

Emsley Tromp managed the Central Bank from 1991 to 2017 Read more

Ser Will Be Hosting A Symposium Themed Protect And Preserve Our Paradise, Sint MaartenS Ecological Treasures Unveiled.

HARBOR VIEW:--- The Social Economic Council (SER) will be hosting a symposium on Thursday afternoon, October 12th, 2023 at the Belair Community Center. The theme of the symposium is Protect and Preserve Our Paradise, Sint Maartens Ecological Treasures Unveiled. With this symposium, the SER has chosen to focus on the social and environmental impact and well-being of the community. The event will commence at 1 pm and conclude at 5.15 pm.

The SER is honored to present keynote speaker Professor Ellen van Bueren, a full-time professor from the Faculty of Architecture and the Built Environment of Delft University of Technology who is part of the Islanders at the Helm programme, international speaker Mr Read more

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In Line With The Rise In Interest Rates In The International Financial Markets: Cbcs Increases The Pledging Rate

Willemstad/Philipsburg:--- The Centrale Bank van Curaao en Sint Maarten (CBCS) decided to tighten its monetary policy stance further by raising the pledging rate1 by 25 basis points to 5.75%. This decision was taken in response to the increase of the Fed funds rate in July and a possible further increase in September. Even though gross official reserves and import coverage have increased in the first eight months of this year, they are still expected to decline towards the end of 2023. The decline will be, however, less pronounced than in 2022 Read more

Court Of Appeal Rules In Favor Of Mer. Telem Ordered To Respect Arbitral Award.

PHILIPSBURG:--- Below is the free translation of the verdict pronounced in by the Court of Appeals.

CIVIL MATTERS FOR 2023 RULING: September 13, 2023

CASE NO.: SXM202200845 - SXM2022H00180

JOINT COURT OF JUSTICE

from Aruba, Curacao, Sint Maarten and from Bonaire, Sint Eustatius and Saba

ORDER

regarding:

the public limited company

SINT MAARTEN TELEPHONE COMPANY N.V.,

located in Sint Maarten,

defendant at first instance, now appellant, hereinafter referred to as: Telem,

representatives: mrs Read more

Wib Announces Launch Of Bankomatiko+ Mastercard Debit Card.

PHILIPSBURG:--- The Windward Islands Bank and Mastercard proudly launched Bankomatiko+ (Bankomatiko plus) Mastercard debit card, which will replace the current Bankomatiko/Maestro card. The launch took place at Emilios restaurant in the landmark Flamboyant rich Emilio Wilson estate. Several prominent members of the community as well as bank managers were invited to this event.
The new Bankomatiko+ Mastercard debit card brings more of the best to the cardholder with a number of additional benefits such as: Wider acceptance anywhere in the world; the possibility to also make online purchases with One Time Passcode (OTP) technology & continued earning of Fun Miles on all local purchases Read more

Allegations Of Mismanagement At Nipa, Students Are Forced To Leave Due To The Lack Of Teaching Staff, 2023 Graduates Still To Receive Their Diplomas.

~ WITU refused to represent its teachers at NIPA. ~

PHILIPSBURG: --- Several students at the National Institute of Professional Advancement (NIPA) have been left in limbo since the management of NIPA has refused to hire core teachers who would teach them level 3 in their career path. Many of the students found out this school year that they do not have the teachers to teach night classes or even some day classes.
The students who contacted SMN News said that while they were taught general subjects such as mathematics and English during the day classes, they do not have teachers to teach level 3 in the evenings Read more

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Around Us $50,000 In Expenses For Every Ennia Holding Supervisory Board Meeting

Ennia claims a total of NAf. 18,624,924 has been awarded to supervisory directors in compensation and bonuses, as shown in this table from the judgment of September 12, 2023.

PHILIPSBURG--The Supervisory Board of Ennia Holding, which met three to four times a year, declared NAf Read more

CAY HILL:---  For the second consecutive year, St. Maarten Medical Center (SMMC), The Positive and Elektralytes Foundations, and St. Maarten Laboratory Services (SLS) have partnered to offer free prostate screenings during SMMCs Mens Health Awareness event taking place on Saturday, September 23rd, 2023. The event, geared towards raising awareness and the early detection of prostate cancer, offers insured and uninsured men above the age of forty (40) the opportunity to receive free prostate cancer screening as well as other health information and exams Read more

Four Year Sentence Handed Down For Cooler Fete Shooting

PHILIPSBURG, Sint Maarten The Court of First Instance in Sint Maarten has handed down an unconditional sentence of four year in youth detention in a case of attempted manslaughter and illegal firearms possession. The verdict delivered on Wednesday, pertains to a shooting that transpired near the Festival Village after the 2022 Cooler Fete event.

That incident left one person severely injured and the presence of a second person at the time in the shooting led to the two counts of attempted manslaughter and two counts of illegal firearm possession.

Convicted is JJR, who owing to his age at the time of the shooting, received a sentence in accordance with juvenile criminal law.

The court also sentenced JJR to pay NAf Read more

Corporate Governance Trainee Program Applications Open.

~15 young professionals will be chosen from the applications~

PHILIPSBURG:--- Minister of Finance, Mr. Ardwell Irion, the Secretariat of the Council of Ministers and the Themis Institute for Governance and Leadership have collaborated once again for the second iteration of the Corporate Governance Trainee Program. The application process is now open for young professionals to join this years class Read more

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Court Issues Interlocutory JudgmentAnsaryS Liability Upheld

Willemstad/Philipsburg – The Centrale Bank van Curaao en Sint Maarten (CBCS) has taken note of the Common Court of Justices decision today on the appeal in the case of Ennia v. Ansary et al.

In todays interlocutory judgment, the Court upheld the liability of Ansary and others. The Court found Ennia’s claims to be admissible, entitling Ennia to damages amounting to at least NAf 250 million (USD 117 million, USD 11 million and NAf 25.8 million).

In order to address the remaining claims, the Court has determined that an investigation by an independent expert is necessary, while both parties will be required to provide additional information.

In particular, the investigation will focus on determining Mullet Bays fair value during the relevant years Read more

Court Issues Interlocutory JudgmentAnsaryS Liability Upheld.

Willemstad/Philipsburg:--- The Centrale Bank van Curaao en Sint Maarten (CBCS) has taken note of the Common Court of Justices decision today on the appeal in the case of Ennia v. Ansary et al.
In todays interlocutory judgment, the Court upheld the liability of Ansary and others. The Court found Ennia's claims to be admissible, entitling Ennia to damages amounting to at least NAf 250 million (USD 117 million, USD 11 million, and NAf 25.8 million).
In order to address the remaining claims, the Court has determined that an investigation by an independent expert is necessary, while both parties will be required to provide additional information.
In particular, the investigation will focus on determining Mullet Bays fair value during the relevant years Read more

Mr. Chairman, Members of Parliament, Good Morning,

As stipulated in our constitution, I now stand before you on this second Tuesday in September, to set out the policy to be pursued by the Government in the coming parliamentary year 2023-2024.

Since 2021, reform measures have been established as part of the mutual agreement with the Netherlands in exchange for financial support, as a result of the Covid-19 pandemic. Structural reforms for the improvement and restructuring of government are in the areas of Financial Control, Cost and Effectiveness of the Public Sector, Taxes, Financial Sector, Economic Reforms, Health, Education, and Strengthening the Rule of Law.

From the very beginning, the Government of Sint Maarten has stressed the importance of the National Development Vision as instructions for all of Sint Maarten's development, including these reform measures Read more

Mp Wescot-Williams Shares Her Thoughts At The Closing Of The Parliamentary Year 2023-2024.

MP Wescot: On Monday, September 11, we close the 2022-2023 parliamentary year and as customary, Members of Parliament are given the opportunity to reflect on the past 12 months and provide some thoughts for the coming year. On Tuesday, Governor Ajamu Baly will present the Governments Statement for the coming year.

In MP Wescots view, this presentation comes at a peculiar time, with elections scheduled for January 2024; no budget for 2024 and the usual behavior of the ministers towards parliament.

Of course the absence of an amended 2023 budget and the tardiness in submitting the 2024 draft budget do not faze this government one bit.

Nevertheless our constitution prescribes this presentation Read more

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PHILIPSBURG:---  Prime Minister Silveria Jacobs was deeply honored to be in the presence of amazing women, celebrating the remarkable work and life journey of other prolific women, namely, Ms. Ann Marlin Evans, Ms. Zita Charles, and Ms. Tamara Leonard Read more

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NWS National Hurricane Center Miami FL AL132023

1100 AM AST Fri Sep 08 2023

...LEE EXPECTED TO REMAIN A POWERFUL HURRICANE THROUGH EARLY NEXT WEEK...

...DANGEROUS BEACH CONDITIONS EXPECTED TO DEVELOP AROUND THE WESTERN ATLANTIC THROUGH EARLY NEXT WEEK...

SUMMARY OF 1100 AM AST...1500 UTC...INFORMATION

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LOCATION...18.2N 54.5W

ABOUT 565 MI...910 KM E OF THE NORTHERN LEEWARD ISLANDS

MAXIMUM SUSTAINED WINDS...155 MPH...250 KM/H

PRESENT MOVEMENT...WNW OR 295 DEGREES AT 13 MPH...20 KM/H

MINIMUM CENTRAL PRESSURE...942 MB...27.82 INCHES

WATCHES AND WARNINGS

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There are no coastal watches or warnings in effect.

DISCUSSION AND OUTLOOK

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At 1100 AM AST (1500 UTC), the center of Hurricane Lee was located near latitude 18.2 North, longi-tude 54.5 West Read more