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Tag archive for ‘conditions’
By The Publisher On Monday, September 11th, 2023
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Conditions influence interest rates for refinanced liquidity loans

PHILIPSBURG — State Secretary Alexandra van Huffelen is prepared to refinance the liquidity loans for St. Maarten Curacao and Aruba if the islands meet “country-specific conditions,” it appears from a More...

By The Publisher On Friday, July 22nd, 2022
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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...

By The Publisher On Wednesday, June 1st, 2022
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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...

By The Publisher On Tuesday, June 22nd, 2021
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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...

By The Publisher On Tuesday, May 11th, 2021
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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...

By The Publisher On Monday, May 10th, 2021
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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...

By The Publisher On Tuesday, April 27th, 2021
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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...

By The Publisher On Tuesday, March 23rd, 2021
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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...

By The Publisher On Monday, February 15th, 2021
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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...

By The Publisher On Monday, September 14th, 2020
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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...