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 €18 million ($20.16 million) in annual interest, dossierkoninkrijksrelaties.nl reports. Curacao and Aruba would each be confronted with €54 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...
Central Bank report: red tape hampers economic growth
PHILIPSBURG — Businesses perceive government more as a hurdle than a help in realizing their dreams of creating and running a successful business. That is the rather sad conclusion of a working paper published More...
Tax office has no grip on ex officio assessments
PHILIPSBURG — If you have ever wondered why the tax administration continues to publish dozens upon dozens of tax warrants in the National Gazette, you can find the answer in the latest audit report of the More...
Cft satisfied with intended budget amendments
PHILIPSBURG — The government expects a budget surplus of 4 million guilders ($2.2 million) in 2024, 9 million ($5 million) in 2025 and 15 million ($8.4 million) in 2026. This projection appears from a letter More...
