Enterprise Support Program extended until 2028
PHILIPSBURG — The Enterprise Support Project (ESP) will remain in place until June 2028, the National Recovery Project Bureau (NRPB) announced in a press release. Micro, small and medium enterprises can get grants and low-interest loans for 75 percent of their investment, up from 65 percent. The extended program also offers qualifying entrepreneurs More...
TelEm loses appeal against Israeli telecom giant
PHILIPSBURG — Telecom operator TelEm has lost its appeal against a decision that orders the company to pay MER St. Maarten BV, a subsidiary of the Israeli MER Group $561.905 and – after the presentation More...
GEBE has to reinstate Sharine Daniel as Head Internal Auditor, court rules
PHILIPSBURG — Utilities company GEBE has to admit Sharine Daniel to her work as Head Internal Auditor before September 6, the Court in First Instance ruled on Wednesday, August 30. The company had gone to More...
GEBE has to compensate former human resources manager
PHILIPSBURG — Utilities company GEBE is paying a hefty price for the dissolution of its labor contract with human resource manager Clifford Sasso. The Court in First Instance allowed the termination of the More...
Fair Trade Authority-fine for Ernst&Young is justified, court rules
WILLEMSTAD — The Fair Trade Authority Curacao (FTAC) fined accountancy Ernst&Young 400,000 guilders (close to $ 223,500) for failing to report a so-called concentration. The company appealed the decision, More...
Windward Roads to complete sewage system in Dutch Quarter
PHILIPSBURG – Wndward Roads deal with the public prosecution in the Larimar corruption case is finally coming to fruition. The Larimar-trial examined the activities of several companies, among them Windward More...
Business incubators
Cdr. Bud Slabbaert floated an interesting concept in a column that describes the benefits of business incubators. Incubators have a strong resemblance with the business centers that were all the rage in the eighties More...
Mary’s Fancy-development on hold due to unfavorable conditions
PHILIPSBURG — General Pension Fund APS acquired Mary’s Fancy and the De Castro properties on L.B. Scott Road in 2014 for 4.4 million guilders ($2,458,000) with the intention to develop them for commercial More...
Lack of refinancing-agreement could cost St. Maarten millions
PHILIPSBURG – If the government does not manage to reach an agreement about the refinancing of the corona-loans with the Netherlands before October 10, it could cost St. Maarten’s treasury an additional More...
Government has to pay Bearing Point one million for canceled IT-project
PHILIPSBURG -The government has to pay 1 million guilders ($558.659) in damages to Bearing Point Management Consultancy (BPMC), the Court in First Instance ruled on July 7. The amount is an advance payment on damages More...
