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Audit Chamber report on Financial Statement 2017 of St. Maarten

By   /  July 1, 2021  /  Finance, Local News, Parliament  /  Comments Off on Audit Chamber report on Financial Statement 2017 of St. Maarten

Philipsburg – The General Audit Chamber presented its audit report entitled Compliance Audit: Financial Statements of St. Maarten 2017 to Parliament today. The General Audit Chamber is required by law to examine whether Government was legally compliant and effective in its spending of St. Maarten’s public funds. The 2017 financial statements should have been drafted […]

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St. Maarten to receive 5th tranche of liquidity support

By   /  June 22, 2021  /  Finance, Government, Local News  /  Comments Off on St. Maarten to receive 5th tranche of liquidity support

The Government of St. Maarten has learned via the media that the Ministry of the Interior and Kingdom Relations (BZK) of the Netherlands will be paying the much-needed NAf 39 million of liquidity support to St. Maarten as soon as possible. Government has taken note of a letter sent on June 17, by caretaker State […]

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Parliament approves all three laws presented to enforce cost-cutting measures

By   /  February 5, 2021  /  Finance, Government, Labor  /  Comments Off on Parliament approves all three laws presented to enforce cost-cutting measures

~ A sacrifice was made, but salaries ensured ~ PHILIPSBURG — Prime Minister Silveria Jacobs together with Minister of Finance Ardwell Irion presented the three publicly debated legislative amendments to the Parliament of Sint Maarten on the cost cutting measures. The first being the Temporary National Ordinance to standardize the top incomes and reduce the […]

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APS lends IGY Marinas USD 16 million for expansion

By   /  January 29, 2021  /  Finance, Local News, Tourism  /  Comments Off on APS lends IGY Marinas USD 16 million for expansion

CAYHILL — Algemeen Pensioenfonds Sint Maarten (APS) and IGY Marinas agreed on the terms of a loan for the Yacht Club at Isle de Sol (IDS) in Simpson Bay. The loan will enable IDS to increase their clientele, complete the restaurant enhancement project in the marina, and refinance existing agreements to more favorable conditions. It […]

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St. Maarten negotiations on the 3rd tranche of liquidity support start today

By   /  November 14, 2020  /  Finance, Government  /  Comments Off on St. Maarten negotiations on the 3rd tranche of liquidity support start today

POND ISLAND — The discussion on the third tranche of liquidity support commenced this morning, Friday, November 13, 2020, after the Kingdom Council of Ministers (RMR) meeting, wherein State Secretary Knops expressed the willingness of the Netherlands to engage in discussions with St. Maarten on the third tranche for liquidity support. St. Maarten has been […]

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CBCS is upgrading to the next generation of payments

By   /  October 27, 2020  /  Banking, Finance  /  Comments Off on CBCS is upgrading to the next generation of payments

WILLEMSTAD/PHILIPSBURG — The world of technology is rapidly advancing and is affecting more and more aspects of our lives. This also includes the way we do our daily payments such as groceries, gas, electricity bill, etcetera. Electronic payment is an essential part of our lives and our national payment system is the foundation of a […]

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Central Bank announces new bond issue for St. Maarten

By   /  October 14, 2020  /  Finance  /  Comments Off on Central Bank announces new bond issue for St. Maarten

~ Centrale Bank van Curaçao en Sint Maarten announces a new bond issue on behalf of the government of the Country of Sint Maarten ~ Willemstad/Philipsburg – On Wednesday, October 21, 2020, there will be a bond issue on behalf of the country of Sint Maarten, the Central Bank of Curacao and St. Maarten (CBCS) […]

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Unfinished business: financial management still a priority

By   /  October 10, 2020  /  Finance  /  Comments Off on Unfinished business: financial management still a priority

Philipsburg – October 9th, 2020. The General Audit Chamber submitted its report entitled “Retrospective: 10 years General Audit Chamber” to Parliament today. The report presents findings and conclusions about the most influential audits of the General Audit Chamber, from the past decade. An analysis of the audits from the past reveals that on some topics, […]

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Commemorative coin on the occasion of ‘10 years of structural reforms’

By   /  October 8, 2020  /  Banking, Finance, Local News  /  Comments Off on Commemorative coin on the occasion of ‘10 years of structural reforms’

Willemstad/Philipsburg – The Centrale Bank van Curaçao en Sint Maarten (CBCS) issued a unique commemorative circulation coin to mark 10 years of structural reforms since October 10, 2010. The CBCS officially presented the coin to the prime ministers and the ministers of Finance of Curaçao and Sint Maarten. In Curaçao, the officials received the coin […]

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Small businesses receive financial assistance through the Enterprise Support Project

By   /  September 30, 2020  /  Business, Finance, Local News  /  Comments Off on Small businesses receive financial assistance through the Enterprise Support Project

Philipsburg – Entrepreneurs Lesley and Shirly Bruce of Kenny’s Car Rental & Management N.V. and Stephane Habichdobinger of Procontech are all smiles as the first small business owners to receive direct financial assistance from the Enterprise Support Project. Both had applied via Qredits and on Wednesday, September 29th, were acknowledged in the presence of Minister […]

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