Uncertainty looms for St. Maarten Revolut users
PHILIPSBURG — Former Member of Parliament Rolando Brison’s recent intervention regarding the availability of digital banking services in St. Maarten has sparked considerable debate, especially as local clients of Revolut find themselves facing renewed account blocks despite earlier assurances. In order to regain access to their accounts, More...
Cab-drivers oppose introduction of Uber
PHILIPSBURG — Since 2021 the government had never ordered more than 550 plates for taxi licenses but over the past couple of years around 30 percent, or 165, of these plates were not picked up. This mean More...
Will St. Maarten finally leave the monetary union?
PHILIPSBURG — The Social Economic Council advised the government more than ten years ago, in February 2013 to leave the monetary union with Curacao as soon as possible. Politicians may have read the advice, More...
Imports affect impact of international tourism
PHILIPSBURG — Every dollar earned from international tourism induces almost 62 dollar cents in additional imports. This appears from research conducted by Dr. Shekinah Dare and Christopher Rigaud. The researchers More...
Central Bank launches Caribbean guilder in March 2025
PHILIPSBURG — The Caribbean Guilder will replace the Antillean Guilder per March 31, 2025, the Central Bank of Curacao and St. Maarten announced in a press release. Initially, the bank’s 2022 annual financial More...
Investment-levels lag behind Caribbean average
PHILIPSBURG — The International Monetary fund (IMF) observes in its 2022 Article IV Consultation that public investments levels in St. Maarten are too low compared to the Caribbean region. The average Caribbean More...
Almost one in five households live under the poverty line
PHILIPSBURG — At least 19 percent of St. Maarten’s population has a monthly income of 1,000 guilders ($558.66) or less, it appears from an analysis of the local labor market by the Economic Bureau Amsterdam More...
Dutch-side economy twice the size of that on the French side
PHILIPSBURG — The economy of St. Maarten is roughly twice the size of that of the French part of the island, it appears from the Economic Bulletin of September, published by the Central Bank of Curacao and More...
Central Bank: economic recovery continues
PHILIPSBURG — The economies of Curacao and St. Maarten continue to recover from the corona pandemic, the Central Bank of Curacao and St. Maarten (CBCS) states in its economic Bulletin of September. The first More...
Statistics department optimistic about economic recovery
PHILIPSBURG — St. Maarten’s economic recovery is moving in the right direction, according to the recently completed economic indicators table from the Department of Statistics (STAT). The numbers used for More...
