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...

by The Publisher | Published 1 week ago
By The Publisher On Thursday, September 14th, 2023

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...

By The Publisher On Tuesday, September 12th, 2023

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...

By The Publisher On Monday, September 11th, 2023

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...

By The Publisher On Friday, September 8th, 2023

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...

By The Publisher On Saturday, August 26th, 2023

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...

By Online Editor On Friday, July 21st, 2023

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...

By Online Editor On Friday, July 21st, 2023

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...

By Online Editor On Friday, July 21st, 2023

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...

By Online Editor On Tuesday, June 27th, 2023

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...