Can the Government Guarantee ENNIA Pension Fund Recovery?
~ And what are the implications of moral hazard? ~ By Terrance Rey The question of whether the government can guarantee the recovery of the ENNIA pension fund is a critical one, especially for the policyholders whose pensions are at stake. With the looming financial instability of ENNIA, there is increasing pressure on the government to step in and More...
COM Approves Amendment to 2024 Budget Finance Minister Gumbs Submits it to Parliament
GREAT BAY, St. Maarten (October 3, 2024)—The Council of Ministers has approved the amendment to the 2024 budget, and it has already been sent to Parliament, said Finance Minister Marinka Gumbs. Although the amended More...
Carl & Sons Unique Bakery remains operating despite tax woes
PHILIPSBURG -- The public in recent days has been a roller-coaster of emotions over the pending auction of bakery inventory of one of St. Maarten’s iconic businesses—Carl and Sons Unique Bakery. The auction More...
Solution or no solution: what does it mean for the ENNIA policyholders in St. Maarten?
PHILIPSBURG — Finance Minister Marinka Gumbs made clear during a meeting of Parliament in June that the Outline Agreement as a solution for troubled insurance company ENNIA is not the best solution for St. More...
CBCS sounds the alarm over lack of parliamentary approval for ENNIA-solution
PHILIPSBURG — The Central Bank of Curacao and St. Maarten (CBCS) wants to finalize the restructuring of troubled insurance company ENNIA by December 1 of this year but it is unable to do so without approval More...
New Energy Loan Initiative: Empowering St. Maarten SMEs with Financial Solutions to Combat the Energy Crisis
Philipsburg, St. Maarten – In a proactive response to the ongoing energy crisis that has significantly impacted the business community, particularly micro, small, and medium-sized enterprises (MSMEs), Member More...
Cash at home? The tax inspectorate wants to know
THE HAGUE — The Dutch desire to regulate everything becomes once more apparent from rules that apply to the amount of money citizens are allowed to have at home. The situation in St. Maarten is a lot more More...
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 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...
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...
