Tag archive for ‘measures’
By The Publisher On Tuesday, December 14th, 2021

Country package: retirement age to 66 in 2025

PHILIPSBURG — St. Maarten will increase the retirement age to 66 in 2025, “unless independent research shows that this is not necessary and there are alternative proposals with the same budgetary effect.” More...

By The Publisher On Wednesday, December 23rd, 2020

COHO – change is coming but St. Maarten has to pay for it

PHILIPSBURG – The so-called country package is an integral part of the agreement Prime Minister Jacobs signed on Tuesday with State Secretary Knops about the establishment of COHO – the Caribbean reform and More...

By The Publisher On Sunday, July 12th, 2020

Reform Entity wants to bring down public wage bill to 10 percent of GDP

PHILIPSBURG – Reading through the document that outlines the 59 measures the Caribbean Reform Entity (CRE) has in mind to put St. Maarten, Curacao and Aruba in better shape feels a lot like looking at an X-Ray More...

By The Publisher On Friday, May 15th, 2020

Knops maintains: Solidarity is a two-way street

THE HAGUE – “The vulnerability of the economies of the Caribbean islands is significant, not only because of the dependency on tourism but – in the case of St. Maarten – also because of the aftermath of More...

By The Publisher On Tuesday, May 12th, 2020

NAGICO Branch Office to reopen on Wednesday following Government’s announcement of Reopening Plan

PHILIPSBURG — NAGICO Insurances will reopen to the public as of Wednesday; May 13, following the announcement by the Prime Minister and Head of EOC, Silveria Jacobs on Sunday, of government’s plan to More...

By The Publisher On Wednesday, April 1st, 2020

IMA fears economic doom with mass closures and layoffs

~ Economic Doom, Mass Closures and Layoffs on the Horizon for Sint Maarten. ~ PHILIPSBURG — In reference to the proposed draft Stimulus Plan, which was made public, the Indian Merchants Association (IMA), More...

By The Publisher On Wednesday, March 13th, 2019

There is a hole in the budget

POND ISLAND — The draft 2019 budget closes with a deficit of 67.2 million guilders. The government projects 478.8 million in expenditures this year and 411.6 million guilders in revenue. The tax office project More...

By The Publisher On Thursday, November 15th, 2018

Government promises – again – to improve situation at Pointe Blanche prison

PHILIPSBURG – The government signed an agreement with State Secretary Raymond Knops (Kingdom Relations) on October 19 to “shortly introduce a series of measures to improve the state of the Pointe Blanche More...

By Desk Editor On Wednesday, June 20th, 2018

Cft chairman Raymond Gradus: “Budget control and related risks is insufficient; without additional measures a new deficit for 2018 is unavoidable”

Willemstad — During its visit to Curaçao, the Board of financial supervision of Curaçao and Sint Maarten (Cft) indicated that more insight and better management are needed in the execution of the budget. More...

By The Publisher On Wednesday, May 30th, 2018

Port St. Maarten rectifies and clarifies certain incorrect statements

PORT ST. MAARTEN – The Port St. Maarten Group of Companies (the “Port”) has taken notice of the local and Dutch media reports in relation to the inquiry proceedings pending before the Court of Appeal. More...