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CFT expresses concerns about future of old age pensions

PHILIPSBURG — Financial supervisor CFT has expressed its concerns about the future of the old age pension (AOW) in St. Maarten. In a press release, the Cft notes that, starting in 2029, premiums will not be sufficient to cover AOW-payments to an ageing population. It advises the government therefore to take measures. Another serious concern is More...

by The Publisher | Published 2 hours ago
By The Publisher On Saturday, January 27th, 2024
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CFT foresees much higher surplus for 2023

PHILIPSBURG -- Financial supervisor CFT projects a much higher positive result for St. Maarten’s 2023 budget than the government. According to the ministry of finance the result for 2023 will be a surplus of More...

By The Publisher On Wednesday, December 20th, 2023
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St. Maarten hardly makes use of European support funds

PHILIPSBURG — There are twenty European funds St. Maarten could call on for financial assistance, it appears from a letter State Secretary Alexandra van Huffelen (Kingdom Relations) sent to the Dutch parliament. More...

By The Publisher On Tuesday, December 12th, 2023
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National debt stabilizes at the end of third quarter

PHILIPSBURG — St. Maarten’s national debt increased over the first two quarters of 2023 but stabilized more or less at the end of the third quarter. This appears from reviews by financial supervisor Cft. More...

By The Publisher On Sunday, December 10th, 2023
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Government faces compensation claim for patient’s solitary confinement death, no response given

PHILIPSBURG — The Government of St. Maarten is under legal scrutiny as it has been mandated to compensate the family of Caulette Julien, who tragically died in August 2020 while in solitary confinement at More...

By The Publisher On Monday, December 4th, 2023
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Culture at GEBE is unhealthy, Integrity Chamber says

PHILIPSBURG — The company culture at utilities company GEBE is unhealthy due to a lack of communication between management and employees, the Integrity Chamber concludes after investigation the situation More...

By The Publisher On Thursday, November 9th, 2023
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It’s official: Elections on January 11, 2024

PHILIPSBURG — It’s official: parliamentary elections will take place on January 11, 2024, and parties will have to submit their lists of candidates on November 22. The government published the national More...

By The Publisher On Tuesday, November 7th, 2023
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New gambling legislation is a work in progress

PHILIPSBURG — The first draft of a new gambling law has been completed, it appears from the third implementation report that details progress on measures that are part of the country package. The Temporary More...

By The Publisher On Sunday, October 29th, 2023
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Emiko Bird-Lake appointed as Acting Governor

PHIIPSBURG — Emiko Bird-Lake has been appointed as Acting Governor. The Kingdom Council of Ministers approved her nomination for the position on Friday. Bird-Lake was born in St. Maarten in 1971. She studied More...

By The Publisher On Friday, October 27th, 2023
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Notaries refuse to sign deeds for the transfer of lease land

PHILIPSBURG -- Civil law notaries refuse to sign deeds for the transfer of lease land because the government does not have a policy in place that is in line with the so-called Didam-arrest, Ombudsman Gwendolien More...