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 use. Unfortunately, the conditions for further development soon worsened to a point where APS had to put the project on hold. According to 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...
Van Huffelen puts Ennia-pensioners at ease
PHILIPSBURG – The 30,000 Ennia-clients in St. Maarten and Curacao do not have to worry about their pensions. This appears from the statement State Secretary Alexandra van Huffelen (Kingdom Relations) made More...
St. Maarten second on investment climate index
PHILIPSBURG — St. Maarten is for the first time since its introduction in 2021 placed on the Caribbean Investment Climate Index, an initiative of the Economic Bureau Amsterdam. The index measures the investment More...
Hans van de Velde succeeds Michael Cleaver at Winair
PHILIPSBURG — Hans van de Velde succeeds Michael Cleaver as Chief Executive Officer of Winair. Cleaver was at the helm of the airline for twelve years. He retired from his position per July 1, “leaving More...
ENNIA needs millions to prevent cuts in pension payments
WILLEMSTAD — Insurance Company ENNIA is on the brink of bankruptcy, a situation that would directly affect more than 25,000 people in Curacao. To become solvent again ENNIA needs 650 million guilders (slightly More...
Court ruling hits income medical specialists in Curacao
WILLEMSTAD – Medical specialists in Curacao are subject to the national ordinance that regulates the top incomes of employees at government-related entities, the Court in First Instance ruled on June 14. More...
MP Brison’s banking law is now at the Council of Advice
PHILIPSBURG – The Council of Ministers has approved the draft Right to a Bank Account law according to a press release by its creator, parliamentarian Rolando Brison. The release claims that more than 21 More...
Central Bank report: red tape hampers economic growth
PHILIPSBURG — Businesses perceive government more as a hurdle than a help in realizing their dreams of creating and running a successful business. That is the rather sad conclusion of a working paper published More...
