Island Financial

Island Financial (1552)

PHILIPSBURG, St. Maarten - The development with the President of the Central Bank of Curacao and St. Maarten Emsley Tromp is having its effects on the finical sector of the islands.

PHILIPSBURG, St. Maarten - The Council of Advice presented the Prime Minister with its annual report 2015 on Thursday September 8th 2016.

BES Islands - On average, the purchasing power on St Eustatius fell by 0.8 percent in 2014, whereas Bonaire and Saba saw purchasing power improve by 1.2 and 2.7 percent respectively, according to Statistics Netherlands (CBS).

WILLEMSTAD/PHILIPSBURG – According to preliminary data of the Centrale Bank van Curaçao en Sint Maarten, the current account surplus of the balance of payments dropped slightly during the first quarter of 2016.

WILLEMSTAD/PHILIPSBURG – According to the Quarterly Bulletin of the Centrale Bank van Curaçao en Sint Maarten, economic developments in the monetary union were uneven in the first quarter of 2016. Curaçao recorded a real GDP contraction, while Sint Maarten’s economy expanded in real terms.

HOLLAND - Civil service pension fund ABP is increasing its investment in start-ups by €300m, the fund said on Wednesday.

Hong Kong/St. Maarten - Peak Reinsurance Company Limited (“Peak Re”), the Hong Kong based global reinsurer, and NAGICO Holdings Limited (“NAGICO”), the leading Caribbean insurance group, are pleased to announce today that Peak Re has completed its strategic investment of a 50% stake in NAGICO.

PORT OF SPAIN, Trinidad – The High Court in Trinidad and Tobago has granted orders that categorize 78 entities and individuals as terrorists, preventing them from accessing any of their money. And more could be added to that list.

KINGSTON, Jamaica – Leader of the main opposition People’s National Party (PNP), Portia Simpson Miller, has called for a probe to be conducted into allegations of misuse of funds that were donated to the party in the run-up to the February 25 general election.

BES Islands - On two of the three islands of the Caribbean Netherlands, the value of the gross domestic product (GDP) increased in 2014.

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