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 St. Maarten (CBCS). The report estimates size of St. Maarten’s economy to be around $1.2 billion, while that of Saint Martin is just $650 More...

by The Publisher | Published 9 months ago
By The Publisher On Tuesday, October 3rd, 2023

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...

By The Publisher On Wednesday, September 27th, 2023

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...

By The Publisher On Wednesday, September 20th, 2023

Enterprise Support Program extended until 2028

PHILIPSBURG — The Enterprise Support Project (ESP) will remain in place until June 2028, the National Recovery Project Bureau (NRPB) announced in a press release. Micro, small and medium enterprises can More...

By The Publisher On Thursday, July 27th, 2023

Business incubators

Cdr. Bud Slabbaert floated an interesting concept in a column that describes the benefits of business incubators. Incubators have a strong resemblance with the business centers that were all the rage in the eighties More...

By Online Editor On Wednesday, July 5th, 2023

Economic growth slows down in 2023

PHILIPSBURG – Real growth of St. Maarten’s Gross Domestic Product will drop from 9.8 percent in 2022 to 3.2 percent this year, the Central Bank of Curacao and St. Maarten (CBCS) reports in its Monetary More...

By The Publisher On Tuesday, July 4th, 2023

St. Maarten second on investment climate index

PHILIPSBURG — St. Maarten is for the first time since its introduction in 2021 placed on the Caribbean Investment Climate Index, an initiative of the Economic Bureau Amsterdam. The index measures the investment More...

By Online Editor On Friday, June 30th, 2023

Consumer Price Index: life is becoming more expensive

PHILIPSBURG – The Consumer Price Index increased by 0.44 percent in the first quarter of 2023 compared to the last quarter in 2022. Compared to the first quarter of 2022, the increase is 3.48 percent. In More...

By Online Editor On Monday, May 8th, 2023

Heyliger-Marten asks MinTEATT’s attention for St. Martin’s food security and economic diversification

On April 20th, 2023, MP Grisha Heyliger-Marten sent a letter with questions and recommendations to the Minister of Tourism, Economic Affairs, Transport and Telecommunications (TEATT) regarding St. Martin’s food More...

By The Publisher On Saturday, April 1st, 2023

Government to collect tax from guests booking via AirBnB

“No additional laws are required to collect taxes related to Airbnb, those taxes can be collected under the current tax system,” said Finance Minister Ardwell Irion during the 2023 budget debate in Parliament, More...