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 investment level is 4 percent of Gross Domestic Product (GDP), but up to 2016 St. Maarten invested just 1 percent. This year, St. Maarten 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...
Curacao refuses loan and Ennia Leven will cease to exist
PHILIPSBURG — The Dutch loan of €600 million (1.2 billion guilders or $636 million) to Curacao and St. Maarten to save the life insurance branch of insurance company ENNIA is off the table. Curacao’s More...
Central Bank: economic recovery continues
PHILIPSBURG — The economies of Curacao and St. Maarten continue to recover from the corona pandemic, the Central Bank of Curacao and St. Maarten (CBCS) states in its economic Bulletin of September. The first More...
Retroactive payments to justice personnel amount to almost $25 million
PHILIPSBURG — Retroactive payments to personnel of the justice ministry are going to cost the government 44,588,500 guilders ($24.9 million) it appears from a press release issued by the ministry. Making More...