Finance Minister Irion meets with Central Bank board

Finance Minister Irion wih CBCS management board

PHILIPSBURG — During the course of this week Minister of Finance, the honorable Ardwell Irion, met with member of the supervisory board of the Central Bank of Curacao and St. Maarten (CBCS) Dennis Richardson and with the board of the CBCS. During these meetings, an update was provided on the latest developments with the emphasis on the solvency More...

by The Publisher | Published 3 days ago
CBCS SXM building name
By The Publisher On Friday, January 17th, 2020
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The downside of the monetary union

By Hilbert Haar The St. Maarten Hospitality and Trade Association (SHTA) rightly sounded the alarm about Curacao’s intention to increase the foreign exchange license fee, warning that this could lead to a devaluation More...

Vineyard Building location Tax Office
By The Publisher On Wednesday, January 8th, 2020
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Tax Department offers new “Online Declarations” possibilities

PHILIPSBURG — The 2019 income tax returns and the 2020 monthly tax forms will soon be available via the online service provided by the Tax Office. Minister of Finance Ardwell Irion met with the Head Tax Administration More...

CBCS SXM Headquarters
By The Publisher On Wednesday, December 18th, 2019
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Government-owned banks under pressure

PHILIPSBURG/WILLEMSTAD — Following the recent bank run on the partly government-owned Girobank in Curaçao, some of the clients of the fully government-owned PSB bank also withdrew their deposits. Management More...

CBCS Central Bank Head Offce in St. Maarten
By The Publisher On Wednesday, December 11th, 2019
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Central Bank spends millions on effort to rescue ENNIA

PHILIPSBURG/WILLEMSTAD – The court in Curacao has increased the advance payment to the Central Bank for expenditures related to the restructuring of insurance company Ennia to 15 million guilders, the Antilliaans More...

Airport Refinancing Signing in Washington
By The Publisher On Wednesday, December 11th, 2019
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Government signs long-overdue funding agreements for airport reconstruction

PHILIPSBURG – In February MP Frans Richardson of the United St. Maarten party (USp) declared during a debate about funding for the reconstruction of the airport terminal in parliament that “The agreement with More...

First Members of Parliament - 10-10-10
By The Publisher On Monday, November 18th, 2019
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MPs and Ministers have earned over 50 million guilders since 10-10-10

~ The political cost of autonomy since 10-10-10: more than 50 million guilders ~ PHILIPSBURG – Members of parliament and ministers have cost the St. Maarten tax payers more than 50 million guilders since the More...

Letter - St Maarten News - People
By Online Editor On Wednesday, November 6th, 2019
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“Sint Maarten is Still Broke!” Cyntje speaks on St. Maarten’s budget

~ Adonis Cyntje speaks on St. Maarten’s budget ~ Dear Editor, During last week’s press briefing, the Minister of Finance informed one of the reporters about Sint Maarten’s current liquidity status. More...

New Government Administration Building, update
By The Publisher On Sunday, November 3rd, 2019
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Cft budget advice: civil servants and politicians have to pony up

PHILIPSBURG – St. Maarten has to take more measures to create a budget surplus, the Board financial supervision (Cft) writes in its advice about the 2020 budget to Finance Minister Perry Geerlings. The financial More...

Dr. J. Foundation - Hurricane Irma Reintegration Program (23)
By The Publisher On Saturday, November 2nd, 2019
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Former Minister Ferrier: “The trust fund is failing”

PHILIPSBURG – “If the rules allow hurricane victims to remain homeless after two years, something is not right about the rules,” former interim Finance Minister Michael Ferrier writes in a letter to the editor More...