IMA fears economic doom with mass closures and layoffs

Philipsburg Aerial Photo by Aarti Baran

~ 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...

by The Publisher | Published 1 day ago
Five Guilders
By The Publisher On Tuesday, March 31st, 2020
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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...

Cole Bay at Night - Photo provided by LNWAD
By The Publisher On Tuesday, March 31st, 2020
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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...

Philipsburg at Night - Photo provided by LNWAD
By The Publisher On Friday, March 27th, 2020
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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 Website Homepage
By The Publisher On Thursday, March 26th, 2020
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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...

Minister Emil Lee - File Photo by Roland Bryson
By The Publisher On Monday, March 23rd, 2020
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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...

Trust Fund Steering Committee members
By The Publisher On Friday, March 6th, 2020
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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 Offices - sleep
By The Publisher On Monday, February 17th, 2020
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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...

New Government Administration Building, update
By The Publisher On Wednesday, February 12th, 2020
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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...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Friday, January 17th, 2020
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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...