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Investigating High Food Prices Top Priority For Ministry of TEATT

By   /  July 1, 2020  /  Economy, Government, Local News  /  Comments Off on Investigating High Food Prices Top Priority For Ministry of TEATT

The Ministry of Tourism, Economic Affairs, Transport & Telecommunication (TEATT) is looking into why food prices on the island remain persistently high in comparison to Aruba and Curaçao, despite having similar economies. One of the ministry’s priorities is to prevent price gouging and to promote fair competition. The ministry reviewed a recent study on price […]

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INTRODUCTION OF NEW CONDITIONS FOR THE CONTINUED FINANCING OF BUSINESS PAYROLL SUPPORT

By   /  June 24, 2020  /  Business, Economy, Finance  /  Comments Off on INTRODUCTION OF NEW CONDITIONS FOR THE CONTINUED FINANCING OF BUSINESS PAYROLL SUPPORT

The Sint Maarten Stimulus Support and Relief Program (SSRP) will be following new regulations starting June 1st, 2020. On May 13th the Netherlands sent conditions for receiving liquidity support for COVID-19. This included adjustments in the current SSRP structure and execution. The Payroll Support Plan will subsidize a maximum of 60% of wages at SZV […]

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