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Imports affect impact of international tourism

PHILIPSBURG — Every dollar earned from international tourism induces almost 62 dollar cents in additional imports. This appears from research conducted by Dr. Shekinah Dare and Christopher Rigaud. The researchers say that these numbers substantially lower the net contribution of international tourism to St. Maarten. Dare and Rigaud made a presentation More...

by The Publisher | Published 4 weeks ago
By The Publisher On Sunday, January 7th, 2024
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Central Bank launches Caribbean guilder in March 2025

PHILIPSBURG — The Caribbean Guilder will replace the Antillean Guilder per March 31, 2025, the Central Bank of Curacao and St. Maarten announced in a press release. Initially, the bank’s 2022 annual financial More...

By The Publisher On Thursday, November 9th, 2023
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Investment-levels lag behind Caribbean average

PHILIPSBURG — The International Monetary fund (IMF) observes in its 2022 Article IV Consultation that public investments levels in St. Maarten are too low compared to the Caribbean region. The average Caribbean More...

By The Publisher On Wednesday, November 8th, 2023
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Almost one in five households live under the poverty line

PHILIPSBURG — At least 19 percent of St. Maarten’s population has a monthly income of 1,000 guilders ($558.66) or less, it appears from an analysis of the local labor market by the Economic Bureau Amsterdam More...

By The Publisher On Tuesday, October 3rd, 2023
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Dutch-side economy twice the size of that on the French side

PHILIPSBURG — The economy of St. Maarten is roughly twice the size of that of the French part of the island, it appears from the Economic Bulletin of September, published by the Central Bank of Curacao and More...

By The Publisher On Tuesday, October 3rd, 2023
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Central Bank: economic recovery continues

PHILIPSBURG — The economies of Curacao and St. Maarten continue to recover from the corona pandemic, the Central Bank of Curacao and St. Maarten (CBCS) states in its economic Bulletin of September. The first More...

By The Publisher On Wednesday, September 27th, 2023
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Statistics department optimistic about economic recovery

PHILIPSBURG — St. Maarten’s economic recovery is moving in the right direction, according to the recently completed economic indicators table from the Department of Statistics (STAT). The numbers used for More...

By The Publisher On Wednesday, September 20th, 2023
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Enterprise Support Program extended until 2028

PHILIPSBURG — The Enterprise Support Project (ESP) will remain in place until June 2028, the National Recovery Project Bureau (NRPB) announced in a press release. Micro, small and medium enterprises can More...

By The Publisher On Thursday, July 27th, 2023
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Business incubators

Cdr. Bud Slabbaert floated an interesting concept in a column that describes the benefits of business incubators. Incubators have a strong resemblance with the business centers that were all the rage in the eighties More...

By Online Editor On Wednesday, July 5th, 2023
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Economic growth slows down in 2023

PHILIPSBURG – Real growth of St. Maarten’s Gross Domestic Product will drop from 9.8 percent in 2022 to 3.2 percent this year, the Central Bank of Curacao and St. Maarten (CBCS) reports in its Monetary More...