St. Maarten’s Declining Hub Status – Time for a New Vision?

A recent article published by The People’s Tribune, “St. Maarten’s diminishing regional hub role, Minister’s presence at Routes has added significance,” highlights an urgent and growing challenge for St. Maarten’s aviation sector. The island’s long-standing dominance as a regional hub for neighboring islands like Anguilla, Nevis, More...

National Payment Council wants lower bank card transaction fees
PHILIPSBURG — The National Payment Council (NPC), a platform for payment system policy dialogue focused in its second meeting in St. Maarten on ways to reduce bank card transaction fees. The NPC is chaired More...

Sint Maarten’s Princess Juliana International Airport Recommissioned
Washington D.C., November 14, 2024 – Sint Maarten’s Princess Juliana International Airport officially reopened today, following extensive rehabilitation after the airport was destroyed by Hurricanes Irma and More...

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 More...

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...

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...

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...

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...

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...

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...