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Can the Government Guarantee ENNIA Pension Fund Recovery?

~ And what are the implications of moral hazard? ~ By Terrance Rey The question of whether the government can guarantee the recovery of the ENNIA pension fund is a critical one, especially for the policyholders whose pensions are at stake. With the looming financial instability of ENNIA, there is increasing pressure on the government to step in and More...

by The Publisher | Published 1 month ago
By The Publisher On Tuesday, September 3rd, 2024
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DSTA President calls for urgent reforms following taxi driver incident

PHILIPSBURG — In the wake of a troubling incident that has gone viral on social media, the President of the Dutch St. Maarten Taxi Association (DSTA), Maya Friday, has issued a public statement highlighting More...

By The Publisher On Thursday, August 29th, 2024
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Community Investment Fund

~ Establishing a Community Investment Fund to Support Local Businesses: A Path to Sustainable Growth for St. Maarten ~ In recent weeks, the potential closure of Carl & Sons Unique Bakery has highlighted the More...

By The Publisher On Saturday, August 24th, 2024
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Caribbean guilder arrives in six months and cash remains king

PHILIPSBURG — About half a year from now the Antillean guilder will cease to exist and be replaced by the Caribbean guilder, the new common currency of the monetary union of Curacao and St. Maarten. The More...

By The Publisher On Thursday, August 8th, 2024
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Solution or no solution: what does it mean for the ENNIA policyholders in St. Maarten?

PHILIPSBURG — Finance Minister Marinka Gumbs made clear during a meeting of Parliament in June that the Outline Agreement as a solution for troubled insurance company ENNIA is not the best solution for St. More...

By The Publisher On Tuesday, August 6th, 2024
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CBCS sounds the alarm over lack of parliamentary approval for ENNIA-solution

PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) wants to finalize the restructuring of troubled insurance company ENNIA by December 1 of this year but it is unable to do so without approval More...

By The Publisher On Friday, August 2nd, 2024
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New Energy Loan Initiative: Empowering St. Maarten SMEs with Financial Solutions to Combat the Energy Crisis

Philipsburg, St. Maarten – In a proactive response to the ongoing energy crisis that has significantly impacted the business community, particularly micro, small, and medium-sized enterprises (MSMEs), Member More...

By The Publisher On Friday, August 2nd, 2024
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Carlita Guy wants to improve the St. Maarten economy

By Andre Huie PHILIPSBURG — National Alliance candidate number 17 Carlita Guy has a passion to see the St. Maarten economy thrive and return to the pinnacle it once was. An entrepreneur herself, Guy, in an More...

By The Publisher On Monday, July 22nd, 2024
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Cash at home? The tax inspectorate wants to know

THE HAGUE — The Dutch desire to regulate everything becomes once more apparent from rules that apply to the amount of money citizens are allowed to have at home. The situation in St. Maarten is a lot more More...

By The Publisher On Saturday, July 13th, 2024
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Taxi drivers express concerns about additional licenses

PHILIPSBURG -- Taxi permit holders are up in arms about the 120 licenses the Ministry of Tourism, Economic Affairs, Transport and Telecommunication issued at the end of last year. The permit holders published a More...