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Dutch senate gives green light for capital expenditures

PHILIPSBURG — The Dutch Senate approved a 60.9 million guilders ($34 million) loan for capital expenditures on Tuesday, September 26, Finance Minister Ardwell, Irion announced in a press release. The minister mentions seven projects that will benefit from the loan: a shade for the Martin Luther King School playground, renovation of various sports More...

by The Publisher | Published 6 months ago
By The Publisher On Saturday, September 16th, 2023
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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. More...

By The Publisher On Thursday, September 14th, 2023
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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
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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
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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
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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
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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
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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
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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
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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...