St. Maarten hardly makes use of European support funds
PHILIPSBURG — There are twenty European funds St. Maarten could call on for financial assistance, it appears from a letter State Secretary Alexandra van Huffelen (Kingdom Relations) sent to the Dutch parliament. Currently there is however just one project in the pipeline: the preparation for a joint waste water treatment facility with the French More...
National debt stabilizes at the end of third quarter
PHILIPSBURG — St. Maarten’s national debt increased over the first two quarters of 2023 but stabilized more or less at the end of the third quarter. This appears from reviews by financial supervisor Cft. More...
KSA fines gambling operator Betent more than $3 million
THE HAGUE – The Dutch gaming authority KSA has fined online gambling company Betent $3 million ($3.27 million) for violating a string of requirements. Betent operates in The Netherlands under a sub-license More...
Investment-levels lag behind Caribbean average
PHILIPSBURG — The International Monetary fund (IMF) observes in its 2022 Article IV Consultation that public investments levels in St. Maarten are too low compared to the Caribbean region. The average Caribbean More...
Registration Now Open for SXM Financial Literacy Month
~ During the month of November, the public can learn from experts on various finance topics ~ GREAT BAY, St. Maarten – Ministry of Finance is establishing the month of November as SXM Financial Literacy More...
NO MORE PARTY LOANS
Minister of Finance Irion, in collaboration with the Central Bank of Curacao and St. Maarten (CBCS), has announced the issuance of a bond (loan) of $33.8 million dollars which he contends “will lay the foundation More...
St. Maarten issues bond loan
PHILIPSBURG — St. Maarten will issue a bond loan of 60,854,000 guilders against 3.4 percent interest on November 10. The duration of the loan is 20 years. The subscription to the loan opens on November 2 More...
PP card regulation labels two-thirds of households as paupers
PHILIPSBURG -- The costs for health care services to so-called PP card holders are more than ten million guilders higher than budgeted, it appears from a compliance audit by the General Audit Chamber. The auditors More...
St. Maarten gets low interest rate on refinanced liquidity loans
PHILISPBURG — St. Maarten gets its liquidity loans refinanced against 3.4 percent interest while Curacao, that has refused to accept a Dutch loan to solve problems at insurance company ENNIA, will have to More...
Central Bank to discuss details of Ennia-solution
PHILIPSBURG — The solution Curacao’s Prime Minister Gilmar Pisas has presented for embattled insurance company Ennia is not an entirely done deal yet, it appears from a press release issued by the Central More...
