Curacao’s position on Ennia could cost St. Maarten a lot of money
THE HAGUE — If Curacao continues to object to the rescue plan for Ennia’s pension fund it could have dire consequences for St. Maarten, DossierKoninkrijksrelaties.nl reports. If Curacao does not cooperate, St. Maarten will be confronted with a higher interest rate for the 1.1 billion guilder liquidity loans it received during the COVIF-19 pandemic: More...
CFT warns that ENNIA-loan poses risk for Curacao
PHILIPSBURG — If the Netherlands decides to extend a 1.2 billion guilders loan to St. Maarten and Curacao to save insurance company ENNIA, it will have dire consequences for the future of in particular Curacao. More...
Conditions influence interest rates for refinanced liquidity loans
PHILIPSBURG — State Secretary Alexandra van Huffelen is prepared to refinance the liquidity loans for St. Maarten Curacao and Aruba if the islands meet “country-specific conditions,” it appears from a More...
Lack of refinancing-agreement could cost St. Maarten millions
PHILIPSBURG – If the government does not manage to reach an agreement about the refinancing of the corona-loans with the Netherlands before October 10, it could cost St. Maarten’s treasury an additional More...
Government has to pay Bearing Point one million for canceled IT-project
PHILIPSBURG -The government has to pay 1 million guilders ($558.659) in damages to Bearing Point Management Consultancy (BPMC), the Court in First Instance ruled on July 7. The amount is an advance payment on damages More...
Van Huffelen puts Ennia-pensioners at ease
PHILIPSBURG – The 30,000 Ennia-clients in St. Maarten and Curacao do not have to worry about their pensions. This appears from the statement State Secretary Alexandra van Huffelen (Kingdom Relations) made More...
MP Heyliger-Marten questions appointment of two full-time directors at the Cadastre
PHILIPSBURG — Independent MP Grisha Heyliger-Marten want Minister of Finance Ardwell Irion to put the recruitment of a full-time Chief Financial Officer and a Chief Operations Officer at the Cadastre on hold. More...
Going into Recess, Gumbs Sends Questions to Irion Over ENNIA Situation
PHILIPSBURG – PFP member of Parliament Melissa Gumbs sent questions to the Minister of Finance Ardwell Irion requesting, among other information, an update on the ongoing saga between ENNIA and the Central More...
ENNIA needs millions to prevent cuts in pension payments
WILLEMSTAD — Insurance Company ENNIA is on the brink of bankruptcy, a situation that would directly affect more than 25,000 people in Curacao. To become solvent again ENNIA needs 650 million guilders (slightly More...
Netherlands extends new loan to St. Maarten
PHILIPSBURG – The Netherlands extends a new loan of €33.5 million (60.8 million guilders or $34 million) to St. Maarten. The loan is intended for investments in wastewater treatment, physical and cultural More...
