Geerlings offers payment plan on unpaid taxes to ease the pressure on businesses
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...
Ill-prepared
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...
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 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...
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: 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...
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 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 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...
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...
