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...

by The Publisher | Published 6 days ago
By The Publisher On Saturday, September 16th, 2023

Economic recovery is above expectations, CFT says

PHILIPSBURG — St. Maarten performed better than expected in the first half year of 2023, financial supervisor CFT writes in a reaction to the country’s second execution report it received on August 30. More...

By The Publisher On Thursday, September 14th, 2023

Curacao’s position on Ennia could cost St. Maarten a lot of money

THE HAGUE — If Curacao continues to object to the rescue plan for Ennia’s pension fund it could have dire consequences for St. Maarten, DossierKoninkrijksrelaties.nl reports. If Curacao does not cooperate, More...

By The Publisher On Tuesday, September 12th, 2023

CFT warns that ENNIA-loan poses risk for Curacao

PHILIPSBURG — If the Netherlands decides to extend a 1.2 billion guilders loan to St. Maarten and Curacao to save insurance company ENNIA, it will have dire consequences for the future of in particular Curacao. More...

By The Publisher On Monday, September 11th, 2023

Conditions influence interest rates for refinanced liquidity loans

PHILIPSBURG — State Secretary Alexandra van Huffelen is prepared to refinance the liquidity loans for St. Maarten Curacao and Aruba if the islands meet “country-specific conditions,” it appears from a More...

By Online Editor On Friday, July 21st, 2023

Lack of refinancing-agreement could cost St. Maarten millions

PHILIPSBURG – If the government does not manage to reach an agreement about the refinancing of the corona-loans with the Netherlands before October 10, it could cost St. Maarten’s treasury an additional More...

By Online Editor On Friday, July 21st, 2023

Government has to pay Bearing Point one million for canceled IT-project

PHILIPSBURG -The government has to pay 1 million guilders ($558.659) in damages to Bearing Point Management Consultancy (BPMC), the Court in First Instance ruled on July 7. The amount is an advance payment on damages More...

By Online Editor On Friday, July 21st, 2023

Van Huffelen puts Ennia-pensioners at ease

PHILIPSBURG – The 30,000 Ennia-clients in St. Maarten and Curacao do not have to worry about their pensions. This appears from the statement State Secretary Alexandra van Huffelen (Kingdom Relations) made More...

By The Publisher On Friday, July 7th, 2023

MP Heyliger-Marten questions appointment of two full-time directors at the Cadastre

PHILIPSBURG — Independent MP Grisha Heyliger-Marten want Minister of Finance Ardwell Irion to put the recruitment of a full-time Chief Financial Officer and a Chief Operations Officer at the Cadastre on hold. More...

By Online Editor On Friday, June 30th, 2023

Going into Recess, Gumbs Sends Questions to Irion Over ENNIA Situation

PHILIPSBURG – PFP member of Parliament Melissa Gumbs sent questions to the Minister of Finance Ardwell Irion requesting, among other information, an update on the ongoing saga between ENNIA and the Central More...