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Tag archive for ‘loan’
By The Publisher On Wednesday, September 27th, 2023
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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...

By The Publisher On Tuesday, September 12th, 2023
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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...

By The Publisher On Wednesday, October 21st, 2020
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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...

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...

By The Publisher On Friday, March 6th, 2020
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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...

By The Publisher On Tuesday, January 22nd, 2019
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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...

By The Publisher On Monday, February 19th, 2018
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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...

By The Publisher On Thursday, February 15th, 2018
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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...

By The Publisher On Wednesday, January 24th, 2018
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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...