CFT gives green light for revoking salary cuts
PHILIPSBURG — The government has met the requirements that allow it to revoke the 12.5 percent salary cut for employees in the (semi) public sector. This appears from a letter CFT-chairman Raymond Gradus More...
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...
Kingdom decides Friday about retraction of salary-cut for civil servants
PHILIPSBURG — The Kingdom Council of Ministers decides next Friday, June 24, whether St. Maarten gets permission to terminate the 12.5 percent pay-cut for civil servants. For a positive outcome, the government More...
Government responds to RMR moving of the goalpost for liquidity support
PHILIPSBURG – In the Kingdom Council of Ministers (RMR) meeting held this morning in the Netherlands, Sint Maarten’s Minister Plenipotentiary Rene Violenus was present to deliver Sint Maarten’s position for More...
Frontal collision: no deal about liquidity support
PHILIPSBURG / THE HAGUE – The government caused a frontal collision with the Kingdom Council of Ministers on Friday that makes it highly questionable that there will be a deal about continued liquidity support More...
CFT board members revolt
PHILIPSBURG – For the first time since its establishment almost ten years ago there is a public row among the board members of the Board financial supervision (Cft). The Cft-members representing St. Maarten (Russell More...
CFT: decision about liquidity support by April 15
PHILIPSBURG – The Board Financial Supervision (CFT) has advised the Kingdom Council of Ministers (KCOM) to allow St. Maarten to deviate from article 15 of the consensus kingdom law financial supervision. The More...
