Third tranche of liquidity support remains elusive

THE HAGUE – The outcome of the Kingdom Council of Ministers meeting of Friday cannot come as a surprise to anyone. “As long as St. Maarten does not agree with the core of the package, a fruitful discussion will not be possible,” State Secretary Drs. Raymond Knops wrote in a letter to the Second Chamber on Tuesday. The package Knops refers to More...

by The Publisher | Published 1 week ago
By The Publisher On Saturday, August 29th, 2020
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APS-director Nadya van Putten: “No plans to lower pensions”

PHILIPSBURG – The article StMaartenNews.com published Friday, August 29, 2020, under the headline ‘Pension fund toys with plan to reduce pensions’ has triggered a reaction from APS director Nadya Croes-Van More...

By The Publisher On Friday, August 28th, 2020
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Knops: No liquidity support without agreement about conditions

THE HAGUE – The third tranche of liquidity support will only become available after St. Maarten has met all the conditions attached to the second tranche and after there is a clear political agreement about the More...

By The Publisher On Friday, August 28th, 2020
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Pension fund toys with plan to reduce pensions

PHILIPSBURG – The General Pension Fund APS is not financially sound and never has been, it appears from a compliance audit published by the General Audit Chamber. While the APS coverage ratio significantly improved More...

By The Publisher On Tuesday, August 25th, 2020
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Government still struggles with conditions for liquidity support

PHILIPSBURG – St. Maarten has a fundamental difference of opinion with financial supervisor Cft about the conditions attached to the second tranche of liquidity support, Finance Minister Ardwell Irion said during More...

By The Publisher On Saturday, August 15th, 2020
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Kingdom stands firm: No third tranche of liquidity support for St. Maarten

THE HAGUE – St. Maarten has so far failed to comply with the conditions attached to the third tranche of liquidity support from the Netherlands.  State Secretary Drs. Raymond Knops stated in a letter to the More...

By The Publisher On Sunday, July 26th, 2020
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Will the Caribbean Reform Entity become a reality?

  PHILIPSBURG – The number of corona-virus infections has pushed attention for the Caribbean Reform Entity (CRE) to the background – but it is still there. Since Prime Minister Silveria Jacobs left More...

By The Publisher On Sunday, July 26th, 2020
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Dramatic drop in road tax revenue

PHILIPSBURG – Revenue from the road tax fell sharply in the first quarter of the year – from 9.1 to 5.7 million guilders it appears from a mini audit conducted by the General Audit Chamber. The report was submitted More...

By The Publisher On Thursday, July 23rd, 2020
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MP Wescot-Williams wants clarity about liquidity support conditions

PHILIPSBURG – United Democrats MP Sarah Wescot-Williams questions the measures the government is taking to meet the requirements for receiving the second tranche of liquidity support. She points in particular More...

By The Publisher On Tuesday, July 21st, 2020
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A closer look at the effects of pension reform

PHILIPSBURG – Media reports about the reform of the pension system, combined with an advice from financial supervisor Cft have caused some confusion about the real state of affairs. Minister Panneflek announced More...