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 get grants and low-interest loans for 75 percent of their investment, up from 65 percent. The extended program also offers qualifying entrepreneurs More...
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...
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...
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...
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...
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...
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...
Lottery booths: how the government facilitates gambling addiction
PHILIPSBURG — The Social Economic Council (SER) sent its advice about the placement of lottery booths in low income areas to Prime Minister Silveria Jacobs on February 14. It is hampered by a lack of data. More...
Tax reform – Profit tax
Dear Editor, Having discussed this in the past and considering that this topic has been broached by a couple of other persons in the public domain, I would like to again bring this topic of matter up. It is the More...
SXM Airport: Demand for ultra-luxury air service in our region
~ DIRECT FLIGHT FROM QATAR AIRWAYS SHOWS DEMAND FOR ULTRA-LUXURY AIR SERVICE IN OUR REGION ~ SIMPSON BAY — The ultra-luxury carrier Qatar Airways performed a “Spectacular landing” at the Princess Juliana More...
