Kingdom puts liquidity support on hold
PHILIPSBURG / THE HAGUE — St. Maarten has started to pay out vacation allowances without a positive advice from financial supervisor Cft and without permission from the Kingdom Council of Ministers (KCoM), More...
Conditions for retracting 12.5 percent salary cut remain a mystery
PHILIPSBURG — The Kingdom Council of Ministers will take a decision about the eight conditions St. Maarten will have to meet in exchange for permission to drop the 12.5 percent salary cut for government employees More...
Kingdom imposes conditions on sixth tranche of liquidity support
PHILIPSBURG — St. Maarten’s capacity is, in terms of quantity and quality “a serious stumbling block” for the execution of improvements, State Secretary Raymond Knops (Kingdom Relations) writes in a More...
PFP: Schiphol Group Letter Worrying, But Not Shocking
PHILIPSBURG – PFP members of Parliament Melissa Gumbs and Raeyhon Peterson expressed concern, but not surprise, at the May 6th letter sent by Schiphol Group to the Government of St. Maarten. In the letter, Schiphol More...
Schiphol threatens to terminate airport cooperation agreement
PHILIPSBURG — The Royal Schiphol Group threatens to terminate its cooperation agreement with the Princess Juliana International Airport per July 15 unless the holding and the exploitation company take certain More...
Ombudman submits austerity measures for review to Constitutional Court
PHILIPSBURG — The office of the Ombudsman has submitted three national ordinances that regulate salary cuts for employees in the (semi) public sector for review to the Constitutional Court. The Ombudsman asks More...
Emmanuel on COHO: I told you so
~ Says govt an embarrassment onto itself ~ GREAT BAY — Independent Member of Parliament Christophe Emmanuel on Tuesday had only four words in response to reports that the Council of State has determined that More...
Airport holding agreed with World Bank funding-conditions and still turned to Piper Jaffray
PHILIPBURG -- It is about time to get the facts straight about the Princess Juliana International Airport now that politicians use every opportunity to badmouth its management, the role of the World Bank, State More...
Aruba’s decision to borrow locally is “the same as printing money”
PHILIPSBURG – Aruba has reportedly a deal with a consortium of local banks for a loan in an attempt to get away from the conditions the kingdom has attached to the provision of liquidity support. Prime Minister More...
Third tranche of liquidity support remains elusive
THE HAGUE – The outcome of the Kingdom Council of Ministers meeting of Friday cannot come as a surprise to anyone. “As long as St. Maarten does not agree with the core of the package, a fruitful discussion More...
