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...
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...
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...
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...
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...
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...
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...
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...
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...
