ENNIA rises from the ashes, but questions remain
PHILIPSBURG — The rescue plan for embattled insurance company ENNIA is underway. The Central Bank of Curacao and St. Maarten (CBCS) announced the launch of a new entity per January 1, 2025. The Central Bank describes it in a press release as “a solvent and independently functioning insurance group.” The new group consists of four companies More...
Audit reveals need for transparency in Government travel and Parlatino membership
PHILIPSBURG — The General Audit Chamber has released its findings on the effectiveness of Parliament’s membership in Parlatino, an intergovernmental organization, and the fiscal prudence of government travel More...
Finance Minister Marinka Gumbs calls out MP Doran Over Mullet Bay
GREAT BAY, St. Maarten (November, 2024) – I have taken note of an article attributed to Member of Parliament Egbert Jurendy Doran, that seeks to call into question my stand on the sale of Mullet Bay in view More...
“Hands-Off or All-In?” Doran Pushes for Sint Maarten’s Right to Mullet Bay
PHILIPSBURG — November 19th, 2024 — MP Egbert Doran is voicing serious concerns over the government’s recent handling of the Ennia amendment, specifically regarding the sale of the Sun Resorts Ltd. N.V.-owned More...
Follow-Up Steps in ENNIA Resolution
WILLEMSTAD/PHILIPSBURG – The Centrale Bank van Curaçao en Sint Maarten (CBCS), in close cooperation with the Governments of Curaçao and Sint Maarten and with the aim of safeguarding the interests of policyholders More...
Approval of Ennia-solution does not make everybody happy
By Hilbert Haar PHILIPSBURG — The parliament of St. Maarten approved the solution for the Ennia group of companies in October but not everybody is happy with the decision. Five parliamentarians voted against More...
Building Financial Resilience: MP Ardwell Irion Encourages Full Community Participation in Financial Literacy Month
GREAT BAY, Sint Maarten— November marks the second annual Financial Literacy Month in Sint Maarten, a time dedicated to equipping citizens with essential financial knowledge to navigate life’s economic challenges. More...
Sales of Winair’s shares is not a “missed opportunity”
PHILIPSBURG — Recent false statements by the current Minister of Finance, Marinka Gumbs, asserting that no discussions regarding the sale of WINAIR shares took place prior to their public announcement by More...
The Predicaments of Raising Tourism Taxes
Whereas the St. Maarten Hospitality & Trade Association (SHTA) supports some important steps made recently by the government of St. Maarten, it has serious concerns about a possible “tourism tax” More...
Big Companies Benefit, While the “Small Man” Gets Squeezed: MP Darryl York Questions Government’s Fiscal Priorities
PHILIPSBURG — In yesterday’s budget debate, alarm was raised over the government’s recent approval of a tax holiday for a major developer, while enforcing budget cuts totaling over 30 million guilders, More...
