TelEm signs multi-million bond agreement with RBC
GREAT BAY – TelEm Group and RBC Merchant Bank (Caribbean) Ltd. announced the signing of a $32 million Bond agreement after months of negotiations. The TELeM Group uses the bond issue to finance future capital expenditure and refinance current debt obligations. This bond supplements an €8 million loan obtained from the European Investment Bank More...
Public tender for review of hospital business plan
GREAT BAY – Finance Minister Richard Gibson and Public Health Minister Emil Lee have put out a public tender for a second review of the strategic business plan for the St. Maarten Medical Center, version 3.0. Bids More...
Attorney’s son terminates contract with Westin after blackmail
GREAT BAY – A conflict between the Westin Hotel and one of its employees took an unexpected turn when the hotel management approached a managing partner of TCP with the request to investigate whether his father More...
Merger TelEm-UTS in the making
GREAT BAY – Telecom providers TelEm and UTS Eastern Caribbean are in talks that should lead to a merger whereby TelEm will hold 60 and UTS 40 percent of the shares, Prime Minister William Marlin said during yesterday’s More...
Pearl of China: $120 million investment; 400 jobs
“All jobs are for locals” GREAT BAY – The Hanwang Caribbean Forum, the groundbreaking at Little Bay Beach preceded by a protest that involved the Hope and the Christian Party, followed by a press conference More...
Blue Mall takeover imminent
Could become Marriott resort GREAT BAY – While all the focus at this moment is on the investment project in Little Bay – a 326-room hotel and 450 apartments – Jeff Berger’s St. Maarten Weekly News reports More...
SHTA names Dennis Richardson and Richard Gibson Person of the Year
St. Maarten—The St. Maarten Hospitality and Trade Association recognized Dennis Richardson and Richard Gibson sr. for their outstanding contribution and commitment in achieving the new constitutional change for More...
