Economic recovery is above expectations, CFT says
PHILIPSBURG — St. Maarten performed better than expected in the first half year of 2023, financial supervisor CFT writes in a reaction to the country’s second execution report it received on August 30. This is to say that St. Maarten outdid the projections in its 2023 budget. According to the Cft, St. Maarten ended the first half year with More...
St. Maarten faces significant challenges, Governor Baly says
PHILIPSBURG — “Sint Maarten still faces significant challenges. It is vulnerable to external shocks like natural disasters and to a global economic downturn,” Governor Ajamu Baly said in his speech during 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...
Minister Doran gave land in long lease to his brother and to the mother of his children
PHILIPSBURG -- Cadastre documents show that Minister of Public Housing, Urban Planning, Environment and Infrastructure (VROMI) Egbert Doran granted rights of long lease for two parcels of land to his brother Eldrid More...
A hot air balloon
By Hilbert Haar According to UD-MP Sarah Wescot-Williams Prime Minister Silveria Jacobs sent a letter to government-owned companies urging them to hire locals for management positions. See Government has no clue 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...
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...
