Central Bank of Curacao and St. Maarten publishes Financial Statements for 2017
PHILIPSBURG/WILLEMSTAD — Over a week ago, the Central Bank of Curacao and St. Maarten published its financial statements for 2017. In a press release the Bank announced that the 2017 financial statements of the Centrale Bank van Curaçao en Sint Maarten (CBCS) had recently been adopted by the meeting of Entitled Asset holders. A condensed version More...
Questionable behavior
By Hilbert Haar The General Audit Chamber-report about Dutch assistance to St. Maarten in the wake of Hurricane Irma reveals that one of the island’s key state-owned enterprises – utilities company GEBE More...
Sarah: Changes to pension ordinance critical for survival pension fund
PHILIPSBURG—The Chairlady of Parliament Sarah Wescot-Williams has announced that there will be cardinal changes to the pension ordinance. During a press conference which was held at the Parliament Building, she More...
Financial Safeguards in place for the new St. Maarten General Hospital
PHILIPSBURG — St. Maarten Medical Center (SMMC) has been notified by Italian construction company INSO that its parent company, Condotte d’Acqua (Condotte) has filed for Extraordinary Administration, which More...
USP: 2019 budget lacks transparency and details
~ Faction seeks postponement of debate ~ Philipsburg — The faction of the United St. Maarten (US) party on Tuesday said the draft 2019 country budget is rushed, even less transparent than the last, lacks More...
CBCS presents Strategic Plan in Sint Maarten
Willemstad/Philipsburg – Recently, the Centrale Bank van Curaçao en Sint Maarten (CBCS) presented its Strategic Plan to the stakeholders in Sint Maarten. The Governor of Sint Maarten, as well as the government, More...
World Bank confirms: Dutch want rep in airport management
PHILIPSBURG – It is not like the Netherlands wants to take over the complete management of the airport in exchange for financing of the airport’s rehabilitation, but the Dutch do want to have somebody More...
Finance Minister confirms Draft Budget Amendment is on track
PHILIPSBURG — Finance Minister, the Honourable Perry Geerlings, says the second Draft Budget Amendment 2018 will be presented to Parliament of Sint Maarten for approval by November 15th, as originally scheduled. The More...
Financial supervisor severely criticizes draft budget amendment
By Hilbert Haar PHILIPSBURG – The board financial supervision (Cft) has expressed severe criticism about the draft amendment to St. Maarten’s 2018 budget. In a ten-page letter to Finance Minister Perry Geerlings More...
Turnover Tax will soon become a curiosity
Dear Sir, The report in your newspaper on tax reform discussions in parliament indicated that the view of the present government is to stick to the Turnover Tax model and to avoid working in the direction of a value More...
