Politicians and civil servant must contribute to pension system and SZV-funds, Cft advises
PHILIPSBURG — St. Maarten ought to amend legislation as soon as possible so that civil servants and politicians start paying a 10 percent contribution towards healthcare costs, financial supervisor Cft writes More...
UP-leader Brison spins the 75 million bond issue story
PHILIPSBURG – United People’s party leader MP Rolando Brison said in an interview with Curacao’s TV Direct program Notisia 13 that Finance Minister Ardwell Irion is “one hundred percent correct” in his More...
Pro Soualiga Foundation is grasping at straws with letter to Cft
PHILIPSBURG – After its defeat in the Court in First Instance on October 9, the Pro Soualiga Foundation sent a letter to the chairman of financial supervisor Cft asking that it ceases operations because the Cft More...
Minister Irion contests Cft’s take on article 16
PHILIPSBURG – Finance Minister Ardwell Irion disagrees with financial supervisor Cft about its opinion that, by floating a 75 million guilders bond with the Central Bank, St. Maarten violates article 16 of the More...
Follow the money
By Hilbert Haar If I assume that the finance ministry is putting together the country’s budgets to the best of its abilities the conclusion must be that there is definitely something wrong. Maybe not with those More...
Cft budget advice: civil servants and politicians have to pony up
PHILIPSBURG – St. Maarten has to take more measures to create a budget surplus, the Board financial supervision (Cft) writes in its advice about the 2020 budget to Finance Minister Perry Geerlings. The financial More...
A thoughtful expose
By Hilbert Haar Running a country is not a profitable business. If the Netherlands, or St. Maarten or Curacao for that matter, had been private sector businesses they would have had to close their doors a long time More...
Kingdom imposes conditions for liquidity support
THE HAGUE — St. Maarten will only get liquidity support from the Netherlands in 2019 if it complies with several conditions the Kingdom Council of Ministers has put in place. “These conditions see – More...
Supervision
By Hilbert Haar There is no doubt that financial supervision is useful. St. Maarten agreed to this supervision when it obtained country status in 2010. The question is now: did financial supervision improve our More...
Financial supervision remains in place for another three years
PHILIPSBURG – St. Maarten and Curacao will remain under financial supervision until at least 2021. The committee that evaluated the countries’ level of compliance with the Kingdom law financial supervision More...
