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Tag archive for ‘liquidity support’
By The Publisher On Friday, May 7th, 2021
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St. Maarten requests follow up on loan agreement for liquidity support

PHILIPSBURG -– Prime Minister Silveria E. Jacobs questions follow-through from the Netherlands on liquidity support and requests Prime Minister of the Netherlands Mark Rutte’s intervention to address unnecessary 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 Saturday, March 27th, 2021
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The Hague freezes liquidity support

THE HAGUE / PHILIPSBURG – St. Maarten needs 39 million guilders ($21.8 million) in liquidity support for the second quarter of this year but the Kingdom Council of Ministers is not going to provide these funds More...

By The Publisher On Saturday, March 27th, 2021
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Now we’re in the dog house

By Hilbert Haar Is anybody surprised about the decision by the Kingdom Council of Ministers to freeze liquidity support for St. Maarten? I saw this coming along time ago. The inevitable you-know-what has hit the 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 Friday, March 19th, 2021
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Knops hints at termination of liquidity support

PHILIPSBURG — State Secretary Raymond Knops (Kingdom Relations) has confirmed in a letter to Prime Minister Silveria Jacobs what was already clear: the Parliament has put continued liquidity support at risk More...

By The Publisher On Wednesday, December 23rd, 2020
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Government bends over backwards for liquidity support

PHILIPSBURG / THE HAGUE – St. Maarten will receive the third tranche of liquidity support from the Netherlands – 61.2 million guilders ($34.2 million) – before the end of the year and the Netherlands More...

By The Publisher On Friday, December 18th, 2020
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Emmanuel: Dutch gave preview of COHO with latest demands

~ Government should meet urgently, float bond ~ GREAT BAY — Independent Member of Parliament Christophe Emmanuel on Friday night said that he has no qualms with the COHO deal not seeing the light of day, More...

By The Publisher On Friday, December 18th, 2020
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A very bad situation

By Hilbert Haar Now they’ve really done it. I never thought that the government would be so daft to put the livelihood of its citizens at risk by stubbornly refusing to accept the Dutch conditions for liquidity More...

By The Publisher On Saturday, December 12th, 2020
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Now or never: Knops demands hard guarantees in exchange for liquidity support

PHILIPSBURG – The Jacobs-government is facing a tough couple of days. Monday is the last opportunity to create sufficient political support for an agreement with the Kingdom about continued liquidity support. More...