Geerlings offers payment plan on unpaid taxes to ease the pressure on businesses

Finance Minister Perry Geerlings 20180717

PHILIPSBURG — Times are still “tough for everyone” and in recognition of this reality, Finance Minister, the Honourable Perry Geerlings, has decided to offer an extension of the deadline for payment of outstanding taxes or create a payment arrangement for businesses if it is proven that they cannot meet their tax obligation on a timely basis. Beginning More...

by The Publisher | Published 5 months ago
ENNIA - Photo Extra
By The Publisher On Monday, March 4th, 2019


By Hilbert Haar The recently held meeting of the parliamentary finance committee about the situation of insurance company ENNIA and its affiliated entities showed once more how ill-prepared some politicians are More...

Minister of Health Emil Lee - 20 Feb 2019
By The Publisher On Wednesday, February 27th, 2019

Medical expenditures explode

PHILIPSBURG - Medical expenditures in St. Maarten went through the roof between 2014 and 2017 and increased by 48.2 percent from 82.3 to 122 million guilders. In 2017 alone SZV collected 74 million in premiums More...

MOT Director Lygia Stella in Parliament 20 Feb 2019
By The Publisher On Thursday, February 21st, 2019

MOT handles billions in unusual financial transactions

PHILIPSBURG – In 2017 and 2018, St. Maarten’s Financial Intelligence Unit (MOT) received close to 53,000 reports about unusual financial transactions with a combined worth of 29.7 billion guilders ($16.6 More...

Minister of Finance Perry Geerlings 20180213
By The Publisher On Wednesday, February 13th, 2019

Finance Minister confirms that funds from the World Bank could take six months

PHILIPSBURG—The Minister of Finance Perry Geerlings has stated that the only finance opportunity that the government negotiated is with the World Bank and the European Investment Bank is a package deal. The minister More...

CFATF Caribbean Financial Action Task Force logo
By The Publisher On Friday, February 8th, 2019

CFATF: Anti-money laundering system remains vulnerable

PHILIPSBURG – St. Maarten is the only member of the Caribbean Financial Action Task Force (CFATF) that can be considered a risk to the framework of anti-money laundering and the fight against the financing More...

ENNIA - Photo Extra
By The Publisher On Friday, February 1st, 2019

Parman loses lawsuit: emergency measure at ENNIA remains in place

PHILIPSBURG — “Okay, then you start the emergency regulation.” With those words Hushang Ansary, the 93-year old Persian-American major shareholder of Parman International BV walked out of a meeting with More...

ENNIA - Photo Extra
By The Publisher On Thursday, January 31st, 2019

Ennia gets access to Merill Lynch accounts

WILLEMSTAD – Insurance company Ennia will get access to the approximately $124 million held in accounts at Merrill Lynch in New York, United States Bankruptcy Judge Martin Glenn ruled this week. Hushang Ansary, More...

Kadaster visit 325012019
By The Publisher On Sunday, January 27th, 2019

Kadaster display new software system during Finance Minister’s visit

PHILIPSBURG — The Kadaster Department will soon launch a new innovation in the use of technology to improve its functioning when its ICAD System goes live within short. The innovation in technology will result More...

By The Publisher On Thursday, January 24th, 2019

Presentation CBCS Best Economic Research Award

Willemstad/Philipsburg – The Centrale Bank van Curaçao en Sint Maarten (CBCS) recently presented the ‘CBCS Best Economic Research Award’ to the winner on Bachelor Level, Ms. Talisha de Vries. Talisha More...