SSRP-audit leaves questions unanswered and raises new ones
PHILIPSBURG — The General Audit Chamber’s focus audit of the execution of the stimulus and relief program (SSRP) in 2020 raises questions about the program’s effectiveness, its authors write. The report’s cover shows a one hundred dollar bill, featuring the image of Benjamin Franklin, in the form of a puzzle. The ministry of finance “did More...
Lofty words but hardly any deadlines in policy plan for 2022
PHILIPSBURG — The draft 2022 budget closes with a deficit of 124.1 million guilders ($69.3). No surprises there. Revenue is projected to be 409.3 million ($228.7 million) and expenditures 533.5 million ($298 More...
CX Pay B.V. partners with Cybersource
MIAMI/WILLEMSTAD — Curaçao based CX Pay B.V. announced that the FinTech company has selected the payment and anti-fraud platform CyberSource, a Visa solution, to broaden its service offering, while further More...
Ansary and Co sentenced to repay more than one billion guilders to ENNIA
PHILIPBURG -- Majority shareholder Hushang Ansary has to repay insurance company ENNIA more than one billion guilders (close to $563 million) to compensate for a string of financial irregularities that negatively More...
Collecting more taxes does not require reform; it requires enforcement
PHILIPSBURG — Tax reform. Tax compliance. Tax evasion. Tax fraud. These are all well-known terms in St. Maarten where fooling the tax inspectorate is seen by quite some citizens and companies as a national More...
Nathalie Tackling and Emilio Kalmera join APS Board
Cayhill — Local professionals Nathalie Tackling and Emilio Kalmera recently joined the APS Board as members. The APS Board now consists of four persons: Shaira Bommel, Arjen Alberts, Kalmera, More...
Cft sounds the alarm again about untenable financial position social funds
PHILIPSUBRG — Financial supervisor Cft expressed serious criticism of St. Maarten’s 2021 budget in a letter from Cft-chairman Prof. Dr. Raymond Gradus to Finance Minister Ardwell Irion on October 13. The More...
Court declares cost-cutting ordinances constitutional
PHILIPSBURG – After careful consideration the Constitutional Court has rejected the Ombudsman’s request to void three temporary national ordinances that regulate cuts in the labor conditions for civil servants, More...
Gambling industry-reform stalls in Curacao but is on schedule in St. Maarten
PHILIPSBURG — Curacao is not making any progress with the reform of its policy for games of chance, the third-quarter report about the execution of the country packages states. Prime Minister Gilmar Pisas More...
Sarah: “Why is the draft budget 2022 delayed until November 2021?”
Philipsburg, St. Maarten, 20 September 2021 – “In politics, what you say can come back to haunt you.” This is how MP Wescot-Williams introduced her statement regarding the budget 2022 for the country. MP More...
