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Minister Irion clarifies Tax Reform concerns

By   /  September 20, 2021  /  Finance, Government, Local News  /  Comments Off on Minister Irion clarifies Tax Reform concerns

Minister of Finance seeks to alleviate confusion and encourage healthy discussions In light of recent presentations, it bodes well that the community is creating a dialogue regarding the recent tax suggestions, as this was the desired effect. The Ministry of Finance has presented the suggestions in Parliament with the hopes of prompting an open discussion […]

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Winair audited annual accounts for 2020 approved

By   /  August 24, 2021  /  Business, Finance, Government  /  Comments Off on Winair audited annual accounts for 2020 approved

On Thursday, August 19, a shareholders meeting of Winair Airline was held with all shares represented as Winair?s board presented the audited annual accounts for fiscal year 2020. Present at this meeting were the Sint Maarten shareholder represented by the Council of Ministers, the representative of the Netherlands shareholder, the Executive Board and the Supervisory […]

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Winair presented audited annual accounts for fiscal year 2020 during shareholder’s meeting

By   /  August 23, 2021  /  Aviation, Finance, Local News  /  Comments Off on Winair presented audited annual accounts for fiscal year 2020 during shareholder’s meeting

Simpson Bay –  On August 19th, 2021, Winair’s board conducted its annual general meeting of shareholders presenting the audited annual accounts for fiscal year 2020. The report was delivered with a clean or unqualified opinion by the auditors, indicative of the boards’ continued commitment for high quality and timely financial reporting. Present at this meeting […]

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Prime Minister Jacobs updates Parliament on country package and implementation agenda

By   /  August 20, 2021  /  Finance, Government, Parliament  /  Comments Off on Prime Minister Jacobs updates Parliament on country package and implementation agenda

On Wednesday, August 18, Prime Minister Silveria Jacobs updated Members of Parliament (MPs) on the country package and the implementation agenda during a meeting of the Central Committee of Parliament. Information concerning the country package and implementation agenda had already been shared with the MPs during parliamentary meetings held on March 1, April 19, May […]

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Agreement Bill Kingdom Act Caribbean Body for Reform and Development

By   /  August 11, 2021  /  Finance, Government  /  Comments Off on Agreement Bill Kingdom Act Caribbean Body for Reform and Development

The Netherlands, Aruba, Curaçao and Sint Maarten have reached an agreement on bringing the bill for the Kingdom Act on the Caribbean Body for Reform and Development (COHO) into procedure. In recent months, the parties have had various rounds of discussions about the recommendations of the Council of State and the Caribbean Advisory Councils. These […]

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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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