Johnson rejects “false claims” regarding new casino license
PHILIPSBURG — The claims that Minister of TEATT, the honourable Stuart Johnson, issued a license for the establishment of a casino on Back Street in the former Super Plaza Building as Caretaker Minister, has been flatly refuted by Johnson as the license in question was issued since January 2019. Reports hat the casino license somehow contravened More...
Changes to Accepted Payment Methods Have Negative Consequences
The business community on Sint Maarten is very much concerned with the decision by Management of The Receiver to eliminate the use of all checks as a means of payment. Like it or not, St. Maarten’s predominant More...
Court of First Instance of Curaçao declared BDO bankrupt
Willemstad – This morning the Court of First Instance of Curaçao declared Banco del Orinoco N.V. (BDO) bankrupt. Due to BDO’s severe dysfunctionality, the CBCS proceeded to revoke BDO’s banking license on More...
SHTA’s Reflections on Recovery Progress two years Post-Irma
PHILIPSBURG — As we pensively anticipate the anniversary of Hurricane Irma, after witnessing Dorian’s destruction of the Bahamas, we reflect on how little meaningful progress has been made not one but a More...
CBCS Annual Report review: Curaçao and Sint Maarten economies contract (Part 2)
Circumstances challenging in 2018 WILLEMSTAD/PHILIPSBURG – “The economic circumstances in the monetary union remained challenging in 2018 with both Curaçao and Sint Maarten recording a contraction,” Centrale More...
Ombudsman meets with Minister Johnson to discuss concerns within the Ministry of TEATT
PHILIPSBURG — Ombudsman Gwendolien Mossel recently held a meeting with Minister Stuart Johnson upon his request to discuss pending cases and some other concerns of the Ombudsman as it relates to the Ministry More...
CBCS Traa during VBC luncheon: Supply side of the economy requires more attention
WILLEMSTAD — During a luncheon of the Curaçao Business Association (“Vereniging Bedrijfsleven Curaçao”), Mr. Bob Traa, acting president of the Centrale Bank van Curaçao en Sint Maarten (CBCS), sparked More...
Outer Space: New Economic Opportunities and Revenues for Government
SINT MAARTEN (COMMENTARY By Roddy Heyliger) – The Government of Sint Maarten continues to face financial challenges due to the damages caused by Irma and Maria almost two-years ago. As the rebuilding effort More...
A thoughtful expose
By Hilbert Haar Running a country is not a profitable business. If the Netherlands, or St. Maarten or Curacao for that matter, had been private sector businesses they would have had to close their doors a long time More...
MP Brison’s fight against counterfeit alcohol
PHILIPSBURG – The unexpected – and possibly counterfeit-alcohol related – death of several American tourists in the Dominican Republic in May has inspired MP Rolando Brison to spring into action. The More...
