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Millions in subsidies available for sustainable projects

PHILIPSBURG — State Secretary Alexandra van Huffelen has made more than $23 million in subsidies available to St. Maarten for projects that strengthen the country’s sustainable ability to generate income. The objective of the subsidy-regulation is to contribute sustainably to the economic development of the country with a system of guarantee-regulations More...

by The Publisher | Published 6 days ago
By The Publisher On Saturday, June 29th, 2024
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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...

By The Publisher On Wednesday, June 19th, 2024
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National Alliance suggests budget amendment to facilitate solution for energy crisis

PHILIPSBURG – The faction of the National Alliance (NA) has requested an urgent meeting of parliament with the objective to establish an amendment to the national budget to facilitate the purchase of generators More...

By The Publisher On Saturday, March 9th, 2024
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Draft 2024 budget shows modest surplus

PHILIPSBURG — The draft 2024 budget mentions 572.2 million guilders ($319.7 million) in expenditures and 574.8 million ($321.1 million) in revenue – a modest surplus of around 2 million ($1.1 million). The More...

By The Publisher On Saturday, February 24th, 2024
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CFT expresses concerns about future of old age pensions

PHILIPSBURG — Financial supervisor CFT has expressed its concerns about the future of the old age pension (AOW) in St. Maarten. In a press release, the Cft notes that, starting in 2029, premiums will not More...

By The Publisher On Saturday, January 27th, 2024
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CFT foresees much higher surplus for 2023

PHILIPSBURG -- Financial supervisor CFT projects a much higher positive result for St. Maarten’s 2023 budget than the government. According to the ministry of finance the result for 2023 will be a surplus of More...

By The Publisher On Tuesday, January 16th, 2024
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Audit Chamber report is critical of travel expenditures

PHILIPSBURG — The General Audit Chamber’s audit into public sector travel contains a handful of recommendations aimed at improving accountability. Among them is the establishment of a national decree containing More...

By The Publisher On Sunday, January 7th, 2024
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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...

By The Publisher On Thursday, December 28th, 2023
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Cft remains critical of St. Maarten’s annual account

PHILIPSBURG — It is uncertain that the 2021 annual account presents an accurate picture of St. Maarten’s financial position, Drs. Lidewijde Ongering, the chairlady of financial supervisor Cft writes in More...

By The Publisher On Wednesday, December 20th, 2023
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Central Bank reaches agreement to protect Ennia pensions

PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) has reached an agreement with the governments of Curacao and St. Maarten whereby there is no need for cuts in the pensions of Ennia policy More...