Central Bank says it has become pro-active after Girobank disaster
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) has learned some valuable lessons from the downfall of the Girobank and from the report Deloitte Netherlands produced about this situation. In December 2013 the Girobank was placed under the emergency measure and the Deloitte-report describes what happened in the period 2013-2019. More...
Container generators to arrive this month
PHILIPSBURG — Utilities Company GEBE has made a down payment for renting container generators with an output of 10 MegaWatt. Prime Minister Luc Mercelina stated in a press release that these containers are More...
Parliament hesitant about approving Ennia-solution
PHILIPSBURG — It is not at all certain that the parliament will approve the proposal to save Ennia from bankruptcy and thus protecting the interest of its policy holders. Finance Minister Marinka Gumbs More...
Finance Minister Gumbs criticizes Ennia-solution
PHILIPSBURG — Finance Minister Marinka Gumbs is highly critical of the proposed solution to keep insurance company Ennia out of bankruptcy. The Netherlands has made the interest rate St. Maarten has to pay More...
GEBE’s tariff-structure hampers energy transition
PHILIPSBURG -- The structure of the tariffs used by Utilities Company GEBE are a stumbling block on the road to energy transition, it appears from a report by TNO, the independent Dutch organization for scientific More...
Industry standards be damned!
Utilities company NV GEBE had to do something quick to answer to the growing frustration about the power cuts that have been plaguing everybody’s life on St. Maarten these days. So, they put out a press release. See: More...
GEBE no longer meets requirements of industry standards
PHILIPSBURG — Three diesel engines, or 30 percent of the total, have exceeded their technical lifespan of thirty years, Utilities Company GEBE stated in a press release in an attempt to clarify the issues More...
The Marketplace will receive my full attention – Grisha
PHILIPSBURG — New Minister of Tourism, Economic Affairs, Transport and Telecommunication (TEATT), Grisha Heyliger-Martin, has pointed out that one of her priorities will include the Marketplace. Speaking More...
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 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...