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Minister Irion: Solution for Ennia becomes unattainable if not all parties agree
PHILIPSBURG — Refinancing of the corona liquidity loans hinges on an agreement about a solution for embattled insurance company Ennia. The deadline to reach an agreement is October 15. “This agreement remains More...
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CFT warns that ENNIA-loan poses risk for Curacao
PHILIPSBURG — If the Netherlands decides to extend a 1.2 billion guilders loan to St. Maarten and Curacao to save insurance company ENNIA, it will have dire consequences for the future of in particular Curacao. More...
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Knops calls Minister Irion to order about bond issue
PHILIPSBURG – De 75 million guilders bond issue Finance Minister Ardwell Irion had in mind will not become a reality. State Secretary Drs. Raymond Knops called Irion to order with a firm reminder that St. Maarten More...
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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...
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Reconstruction of the airport gets go-ahead
PHILIPSBURG/WASHINGTON — The Sint Maarten Trust Fund steering committee gave the final go-ahead to start the reconstruction of the Princess Juliana Airport on Sint Maarten. USD$72 million from the Trust Fund, More...
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MP Emmanuel announces motion of no confidence
~ Minister Johnson absent from airport-debate ~ PHILIPSBURG – On the fringes of the parliamentary debate about the financing of the airport’s reconstruction National Alliance MP Christophe Emmanuel called More...
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William: Europe trip waste of taxpayers monies, 50mil loan brokered by NA-led Govt.
GREAT BAY — Former Prime Minister William Marlin says the recent trip to Europe by Minister of Finance Michael Ferrier and Interim Prime Minister Leona Marlin Romeo was a total waste of tax payers’ monies More...
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Parliament authorizes 50-million guilders loan
PHILIPSBURG – The Parliament approved on Thursday the ministerial regulation that authorizes Finance Minister Mike Ferrier to enter into a 50-million guilders ($27.9 million) loan agreement with the Netherlands. More...
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Ferrier on saving money: lights out at the government building
PHILIPSBURG – “We still don’t know how much of the €550 million Dutch recovery fund will be a grant and how much will be a loan,” Finance Minister Mike Ferrier said at Wednesday’s Council of Ministers More...