Island Financial

Island Financial (1138)

PHILIPSBURG, St. Maarten - On Friday, January 3rd 2014, the Fraud Department of the Police Force of Sint Maarten received notice from a local bank, that there are many false NAFLS. 100, 00 bills in circulation on the island.

PHILIPSBURG, St. Maarten - During the month of November 2013, the Bank continued its monetary policy aimed at a tightening of the surplus in the money market. The percentage of the reserve requirement, the main instrument, was increased with 0.25 percentage point to 16.75%.

HOLLAND - Accountancy group KPMG has reached a €7m out of court settlement with the public prosecution department over its role in a construction sector bribery scandal.

WILLEMSTAD, Curacao - A lot of attention is being paid to the speeches of the leaders on Curacao.

St. Maarten banks meet KPMG

Written by Thursday, 19 December 2013 18:53

PHILIPSBURG, St. Maarten – Global developments in the banking industry will have an impact later on the way banks on St. Maarten will operate in the future.

PHILIPSBURG, St. Maarten - When he took up the position of Finance Minister in June of this year, there was no functioning audit department, echoed the Honorable Martin Hassink.

PHILIPSBURG, St. Maarten - Throughout the various Ministries on a daily basis there are many transactions, echoed Minister with the responsibility for Finance, the Honorable Martin Hassink.

SER calls for fact-based debate on monetary union

Written by Thursday, 19 December 2013 13:28

PHILIPSBURG, St. Maarten - The Social Economic Council (SER) has taken note of the media coverage its advice "Monetary union in view of recent alarming balance of payments developments" has received on Sint Maarten as well as Curacao from the time the advice was made public by way of the National Gazette on November 22.

PHILIPSBURG, St. Maarten - The Board of financial supervision (College financieel toezicht - Cft) advised yesterday, December 16th, the Kingdom Council of Ministers (Rijksministerraad - RMR) to give Sint Maarten an instruction in case there is no adopted 2014 budget by January 16th, 2014.

WILLEMSTAD, Curacao - At least one member of the council of Ministers on Curacao is willing to take a reduction in salary as the island faces severe austerity measures next year.