IMA fears economic doom with mass closures and layoffs
~ Economic Doom, Mass Closures and Layoffs on the Horizon for Sint Maarten. ~ PHILIPSBURG — In reference to the proposed draft Stimulus Plan, which was made public, the Indian Merchants Association (IMA), SMTA, SHTA and SMMTA expresses its shock at the callous disregard of St. Maarten employees and businesses in general and the economy in particular More...
The Golden Guilder
On St. Maarten, banks and the government are advising the general population to use guilders as much as possible, as a way to save dollars. I agree wholeheartedly with this advice. Here is why. When the dollars More...
Business survey paints dark scenario
PHILIPSBURG – Within three to six months 45 percent of workers currently employed in the private sector will lose their jobs. This appears from a survey among 580 businesses by the St. Maarten Hospitality and More...
Private sector pleads with government for short-term rescue package
PHILIPSBURG – Private sector organizations and labor union WIFOL applaud the government’s initiative to project support for the next twelve months but they plead at the same time for a short-term rescue package More...
NAGICO encourages clients to use their online services
GREAT BAY — Given the rapid spread of the Coronavirus Covid-19 in our region, the health and safety of the population is of paramount importance. With this in mind, NAGICO Insurances is encouraging our clients More...
Recommendations for Our Challenging Times Ahead
Dear Editor, In these challenging times, we must come together to help our country of St. Maarten and her people get through yet another crisis. The impact of COVID-19 on St. Maarten likely will be far more devastating More...
Reconstruction of the airport gets go-ahead
PHILIPSBURG/WASHINGTON — The Sint Maarten Trust Fund steering committee gave the final go-ahead to start the reconstruction of the Princess Juliana Airport on Sint Maarten. USD$72 million from the Trust Fund, More...
SZV wins million-dollar court case in appeal, or did it?
PHILIPSBURG – The court of appeals has ordered E’s Solutions, a company owned and managed by Eunicio Martina, to repay Social and Health Insurances SZV an amount of 1,757,550 guilders. The implications are More...
SHTA Calls for Immediate Revocation of New Permit Policy
PHILIPBURG — The Sint Maarten Hospitality and Trade Association (SHTA) calls for an immediate revocation of the new “Policy on issuance of Labor Permits“, as was published last Friday February 7th More...
SHTA questions the survival of the monetary union between Curaçao and St. Maarten
PHILIPSBURG — An ‘existential threat’ towards the St. Maarten economy is what the St. Maarten Hospitality & Trade Association (SHTA) calls the possible increase of foreign exchange license fees in More...
