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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...

by The Publisher | Published 6 months ago
By Online Editor On Sunday, October 29th, 2023
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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...

By Online Editor On Thursday, October 26th, 2023
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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...

By The Publisher On Tuesday, October 24th, 2023
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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...

By The Publisher On Tuesday, October 24th, 2023
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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...

By The Publisher On Wednesday, October 11th, 2023
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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...

By The Publisher On Wednesday, October 11th, 2023
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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...

By The Publisher On Saturday, October 7th, 2023
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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...

By The Publisher On Tuesday, October 3rd, 2023
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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...

By The Publisher On Monday, October 2nd, 2023
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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...