Mullet Bay land at the heart of Ennia pension fund problems
PHILIPSBURG - Over the weekend, reports reaching our news desk indicated that the Prosecutor's Office in Curacao at the behest of the Central Bank of Curacao and St. Maarten (CBCS) requested the assistance of the Prosecutor's Office in St....
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stmaartennews.com
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Dear Reader
The Central Bank of Curacao and St. Maarten (CBCS), also known as the Central Bank or The Bank, in regards to the Ennia case, is operating between a rock and a hard place.
The transparency needed to maintain calm in the financial sector is exactly the kind of transparency that can also create alarm and undermine confidence in the financial institutions and their supervisory body, the Central Bank itself.
The press has a critical role to play in that aspect of transparency. However, the duty of the media is to report on what is happening. Information is not always forthcoming. Nonetheless, to avoid speculation, it is necessary for the authorities, in this case, the Central Bank's board to come clean and be clear with information.
There are questions about the role of The Bank in the Ennia case since 2016 and
questions are once again being posed even by parties in the Second Chamber in The Netherlands.
The calm and tranquility authorities are seeking desperately to portray by downplaying many aspects of the Ennia case may prove to be a fata morgana if the case turns criminal. The involvement of the prosecutor's office at the behest of the Central Bank does not bode good news.
Nevertheless, the urgent need to get the Mullet Bay property off the books of Ennia may bode good news for (the people of) St. Maarten. Maybe finally someone - if not the people of St. Maarten themselves via a
public-private partnership - can purchase the property and re-develop it back to its former glory.
We could only hope, wish, pray and pray some more that this would indeed happen as our country's economy is in dire need of the boost such a revival of an authentic and unique Caribbean tourism product can bring to the island and the region once again.
We will keep our fingers crossed.
Best regards,
Terrance Rey
The Publisher
StMaartenNews.com
PS: Email
info@stmaartennews.com to request us to sign you up for a
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StMaartenNews.com Top Stories
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Situation Point Blanche Prison 'Dangerous' and 'Hopeless'
By Rene Zwart© The Hague - The Committee, set up by the Council of Ministers to supervise the implementation of the improvement plan for the prison on Sint Maarten since 2010, has raised the alarm. The Committee finds the situation 'untenable' ...
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bes-reporter.com
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Recall of Valsartan containing drugs
The Inspectorate of Public Health, Social Development and Labor informs the public that there is a recall for a number of blood pressure medications containing the active ingredient valsartan. Valsartan is off-patent and is used as a component of ...
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stmaartennews.com
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Nature Foundation Develops 5 Easy Steps to Reduce Plastics
The Nature Foundation is kicking off its 'Reduce and Reuse St Maarten' project by releasing five easy steps businesses and residents can take to reduce their single-use plastic pollution. Plastic pollution is a global concern that has damaging...
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stmaartennews.com
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Minister Plenipotentiary Wuite attends first Kingdom meeting
GREAT BAY - Sint Maarten (DCOMM) - Minister Plenipotentiary, the Honorable Drs. Jorien Wuite, on Friday July 7th attended her very first Kingdom Council of Ministers meeting, since taking up her post as Minister in The Hague, the Netherlands....
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stmaartennews.com
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StMaartenNews.com Feature Columns
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Conversations while swimming
by Chris Morvan The woman I'm talking to is almost naked and so am I. So is everyone else in the vicinity, for that matter. But the woman and I can't see much. Just each other's head, really, and arms wafting around. The rest is a dull,...
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stmaartennews.com
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We ready?
The Caribbean can issue a collective sigh of relief now that hurricane Beryl has dissipated, thanks to the Sahara desert dust in the air. But the question remains whether St. Maarten was truly prepared for this hurricane? The government...
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stmaartennews.com
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StMaartenNews.com Police News
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Two injured in scooter accident
The Police traffic department is presently investigating a traffic accident involving a scooter. The accident occurred on Saturday July 7th on Simpson Road in the vicinity of number 53. According to the police report the rider of the scooter lost ...
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stmaartennews.com
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Police Department requesting assistance from community ...
The Police Force of St. Maarten (KPSM) is still busy with the ongoing investigation by the name of "GUADELOUPE". During the evening hours on December 21st, 2017 on the Guadeloupe Road that is located in Madame Estate the man with initials...
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stmaartennews.com
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Video Drone Footage - Police Force of Sint Maarten
Fire at Industrial Park in Cole Bay July 8th 2018
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StMaartenNews.com Government News
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School Bus Annual Inspection Starts on July 30
GREAT BAY - Sint Maarten (DCOMM) - The Inspectorate of Tourism, Economic Affairs, Traffic and Telecommunications (TEATT), Section School Bussing, announces that the Annual School Bus Inspection will take place from July 30th to August 2nd, 2018....
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stmaartennews.com
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Front Street to be closed on Friday for beautification works
GREAT BAY - Sint Maarten (DCOMM) - Ministry of Public Housing, Environment, Spatial Development and Infrastructure (Ministry VROMI), announces that Front Street will be closed to vehicular traffic on Friday, July 13 for infrastructure...
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stmaartennews.com
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Reminder Annual hurricane season clean-up underway
GREAT BAY, (DCOMM) - Ministry of Public Housing, Environment, Spatial Development and Infrastructure (Ministry VROMI), hereby informs the community that the annual hurricane season clean-up continues in the month of July by the various waste...
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www.soualiganewsday.com
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StMaartenNews.com Community News
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A new All Female Executive Board was installed
On the 1st July 2018, a new All Female Executive Board was installed serving the SXM Achievers Toastmasters Club 2018/2019. For the upcoming 2018/2019 Toastmasters Term, the SXM Achievers Toastmasters Club will not simply walk the path, we will...
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stmaartennews.com
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WIB Supports "Back to School Drive"
SINT MAARTEN (PHILIPSBURG) - The Windward Islands Bank Ltd. (WIB) supports the "3 rd annual Back to School Drive" spearheaded by student Ki-Mani Olivacce, who has called upon the community to donate school supply items for children in need. WIB...
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www.soualiganewsday.com
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The Rotary Club of St. Martin Sunrise donates eye glasses
SINT MAARTEN (PHILIPSBURG) - Annually, the Rotary Club of St. Martin Sunrise donates eye glasses to a number of students from various elementary and secondary schools. Part of the funds to purchase the eyeglasses was made available through the...
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www.soualiganewsday.com
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StMaartenNews.com Local News
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First in-house Taxation Risk Seminar July 23-27
PHILIPSBURG - The manager of Prudential Tax Services formerly known as Prudential Small Business Services, Natasha Manuela-Gumbs hereby invites the business community of Sint Maarten to attend an important Tax Seminar for the week July 23-27,...
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www.soualiganewsday.com
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StMaartenNews.com Culture News
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TV time and Saturday book party for Schoolboy in Wartime
Interested in writing your own hurricane Donna or Irma book? GREAT BAY - St. Martin (July 5, 2018) - Gerard van Veen appeared here this week on the popular TV program "Speaking of Everything," talking about his autobiographical book Schoolboy in...
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stmaartennews.com
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Registration Now Open for EXPO section at #SPORTSMATTER...
SINT MAARTEN (POND ISLAND) - The Ministry of Education, Culture, Youth and Sport in collaboration with the National Sports Institute (NSI) is happy to announce to all Sport, Fitness and Healthy Lifestyle Businesses on the island that the...
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www.soualiganewsday.com
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StMaartenNews.com Business News
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WIB Cole Bay Branch Closure as of July 16
COLE BAY - The Windward Island's Bank (WIB) via the following notice announces the closure of its Cole Bay branch. Read for more details.
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www.soualiganewsday.com
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StMaartenNews.com Education News
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Testing four-year-olds is out because they can't read...
Reception class children in the Netherlands will soon no longer be tested, reports the Telegraaf on Friday, citing unnamed sources. It claims that the Dutch government will definitively rule out formal testing for the four to six year olds,...
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www.dutchnews.nl
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StMaartenNews.com Health News
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CPS Advises: Ensure your Vaccination Status is Up to Date
GREAT BAY - Sint Maarten (DCOMM) - Considering circulated news about various infectious and vaccine preventable diseases internationally and regionally, citizens are requested to take preventive actions. There have been international reports and...
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stmaartennews.com
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SZV HOSTS FACEBOOK LIVE PRESS BRIEFING ON MEDICAL REFERRALS
PHILIPSBURG, Sint Maarten (Sunday July 8th, 2018) - Social & Health Insurance SZV will be hosting a live recording on the SZV Facebook page of its press conference scheduled to take place on Tuesday July 10th at 10:30 am. The topic of the press...
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721news.com
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CPS Men's Health 2018: Living a healthier life and more...
GREAT BAY - Sint Maarten (DCOMM) - The lack of physical activity is seen as a health threat. According to the World Health Organization (WHO), around the world, not enough people are active; one in four adults and four out of five adolescents are ...
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stmaartennews.com
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Review LuminAID Packlite Max, a Solar Powered Phone Charger
ST. JOHN'S ESTATE - The Wizards, specializing in computer repairs and onsite services, is now the official reseller for an environmentally-friendly product that has a very unusual feature: A solar powered LED lantern that is a phone charger as...
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stmaartennews.com
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StMaartenNews.com Dutch Caribbean News
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Dutch Premier wants to boost Curaçao's investments ...
THE HAGUE - Dutch Prime Minister Mark Rutte wants a new economic mission to Curaçao in early 2019 to boost investment. "Curaçao is a fantastic stepping stone to Latin America, as the Netherlands is the gateway to Europe", says the Prime Minister. ...
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curacaochronicle.com
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Curoil announces less profit this year
WILLEMSTAD - The profit of the Oil Distribution Company Curoil's was halved in 2017. The year before it was 39 million, last year 22 million remained. The decrease is mainly due to the fact that 2016 was so profitable. But revenues also fell due...
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curacaochronicle.com
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Cooperation protocol BTP-FTAC
WILLEMSTAD - Bureau Telecommunicatie en Post (BT & P) and the Fair Trade Authority Curaçao (FTAC), both supervisory authorities In Curaçao, have made agreements in a cooperation protocol about the way in which they can share information and...
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curacaochronicle.com
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Yes - 16.7%
No - 66.7%
No, there is a still a lot of hurricane preparedness to do - 16.7%
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Are you concerned about the situation at Ennia?
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No. I am sure the Central Bank has everything under control
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StMaartenNews.com - Regional News
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Calm restored in Haiti after violent fuel-hike protests...
By Youri Kemp, Caribbean News Now associate editor ~ PORT-AU PRINCE, Haiti - The morning after Haitian president, Jovenel Moïse, reversed an earlier policy initiative to remove a fuel subsidy and urged protestors to "go...
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wp.caribbeannewsnow.com
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Regional developer launches legal action over fake news
By Caribbean News Now contributor DUBAI, UAE - Regional resort developer, Range Developments, and its founder, Mohammed Asaria, have filed a legal action in the state of Georgia claiming defamation and tortious interference against Beresford Mack ...
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wp.caribbeannewsnow.com
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Nominee to replace US ambassador to Barbados has issues
By Caribbean News Now contributor WASHINGTON, USA - In a letter to Secretary of State Mike Pompeo on Monday, Representative Eliot L. Engel, ranking member of the House Committee on Foreign Affairs, and Representative Lois Frankel, co-chair of the ...
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wp.caribbeannewsnow.com
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StMaartenNews.com Advertisement
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StMaartenNews.com Online News Stories
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Norwegian Air Increases Service from US to Martinique
FORT-DE-FRANCE, Martinique, Monday July 9, 2018 - Low-Cost European airline Norwegian is increasing its United States winter seasonal routes to Martinique. The Fort Lauderdale to Martinique service will resume on October 31 with four flights...
Read more
www.caribbean360.com
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Let's Cruise - Eastern, Western, Southern Caribbean...
Lets-Cruise.co is offering cruise vacations on the best and biggest cruise ships in the world with brand name cruises and destinations in the Eastern, Western and Southern Caribbean, Alaska, Europe and the Mediterranean, ...
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www.lets-cruise.co
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Urgent Action Needed to Safeguard St Lucia's Biodiversity
CASTRIES, St Lucia, Monday July 9, 2018 (IPS) - Wildlife conservationists consider it to be one of the most striking parrots of its kind. St Lucia's best-known species, the endangered Amazon parrot, is recognized by its bright green plumage,...
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www.caribbean360.com
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Chlordecone scandal in Martinique raises more questions...
FORT DE FRANCE, Martinique - Following a report by journalist Cécile Marre broadcast last January on public television in Martinique on the dramatic consequences of the use of the pesticide chlordecone in the 1980s in Martinique and Guadeloupe...
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Fish consumption in Latin America and the Caribbean to grow
SANTIAGO, Chile - By 2030, FAO forecasts an important boost to Latin America and the Caribbean's currently low fish consumption, says a new report published on Monday. According to The State of World Fisheries and Aquaculture 2018 (SOFIA), the...
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wp.caribbeannewsnow.com
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CARICOM Heads Implementing Measures to Fast-Track CSME
KINGSTON, Jamaica, Monday July 9, 2018 - Heads of Government of the Caribbean Community (CARICOM) have put measures in place to fast-track the full implementation of the CARICOM Single Market and Economy (CSME). Among the strategies is a special...
Read more
www.caribbean360.com
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Catholic Church Supports CCJ Decision Against Death Penalty
BRIDGETOWN, Barbados, Monday July 9, 2018 - Archbishop of Port of Spain and Apostolic Administrator of the Roman Catholic Diocese of Bridgetown, Reverend Charles Jason Gordon, has welcomed the Caribbean Court of Justice's (CCJ) recent decision...
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www.caribbean360.com
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Regional laboratory technicians receive training on Zika ...
PORT OF SPAIN, Trinidad - The Zika virus in the Caribbean presented a difficult challenge, in terms of its rapid spread, its relationship to neurological anomalies and other complications among newborns and adults, and the potential for sexual...
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wp.caribbeannewsnow.com
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Remnants of Beryl bring heavy rain and strong winds ...
By Caribbean News Now contributor MIAMI, USA - An area of showers and thunderstorms associated with the remnants of Beryl is producing locally heavy rainfall and strong gusty winds over the northeastern Caribbean Sea, the Virgin Islands, and...
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wp.caribbeannewsnow.com
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Weather Forecast: Tuesday to Thursday
DATE ISSUED: Monday July 09, 2018 @ 18:00 LST (22:00 UTC) VALID UNTIL: Tuesday evening (18:00 LST) July 10, 2018 ...A SMALL CRAFT ADVISORY REMAINS IN EFFECT FOR ST. MAARTEN UNTIL 6AM TUESDAY... Tonight: Cloudy, hazy and breezy with isolated...
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StMaartenNews.com Dutch News
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Mother of 8yr old girl who fell from tower block cleared ...
The mother of an eight-year-old girl who fell to her death from a block of flats has been cleared of manslaughter. The district court in Assen decided there was not enough evidence to prove that Helène J. had strangled her daughter, Sharleyne,...
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www.dutchnews.nl
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Philips threatens to pull plug on UK if 'hard Brexit'...
Philips has threatened to pull its manufacturing operations out of Britain in the event of a 'hard' Brexit. Such an outcome would be a 'serious threat' to the viability of its operations in the country, Philips CEO Frans van Houten said in...
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www.dutchnews.nl
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Government loses on penalties as police step up pay row
Parking offences, dropping litter, cycling without lights and urinating in public are more likely to go unpunished from today as part of a police campaign for better pay and conditions. Police unions have asked officers to overlook minor...
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www.dutchnews.nl
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SXM Daily News - 6 Jul 2018
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Book your summer vacation with AirSXM
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Ready to plan your summer vacation trip? Search for flights, hotels, car rentals and vacation packages online on AirStMaarten's booking site.
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