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Council of Ministers in Disagreement with Dutch Proposed New Entity

By   /  July 7, 2020  /  Finance, Government  /  Comments Off on Council of Ministers in Disagreement with Dutch Proposed New Entity

PHILIPSBURG – Twenty-four hours after receiving the long-awaited documentation concerning the “New Entity” proposed by the Dutch Government, the Council of Ministers, in its meeting of today, unanimously agreed that the proposed Consensus Kingdom Law and other relevant documents related to the entity are unacceptable as presented. This comes, a mere four days before Aruba, […]

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LABOR AFFAIRS & SOCIAL SERVICES TO USE SSRP DISTRIBUTION LIST TO HELP EMPLOYEES

By   /  July 6, 2020  /  Finance, Government, Labor, Local News  /  Comments Off on LABOR AFFAIRS & SOCIAL SERVICES TO USE SSRP DISTRIBUTION LIST TO HELP EMPLOYEES

~ List to be made public shortly ~ The Ministry of Finance has shared the list of employers that have received Payroll Support from the St. Maarten Stimulus & Relief Plan (SSRP) with the Labor Affairs & Social Services in order for them to better assess labor complaints. Division Labor Affairs & Social Services encourages […]

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MINISTER OF FINANCE SOUGHT COUNSEL ON THE IMPACT OF IMPLEMENTING DUTCH CONDITIONS

By   /  July 4, 2020  /  Finance, Local News  /  Comments Off on MINISTER OF FINANCE SOUGHT COUNSEL ON THE IMPACT OF IMPLEMENTING DUTCH CONDITIONS

Minister of Finance Ardwell Irion

IMF, Central Bank, High Council and Social Economic Council all solicited The Minister of Finance, Ardwell Irion has sought the counsel on the impact of implementing the several infamous conditions on St. Maarten. Measures were presented to St. Maarten by the Kingdom Council of Ministers (KCOM), in order to qualify for the second and third […]

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Prime Minister Silveria Jacobs concerned about “New Entity” being proposed

By   /  June 27, 2020  /  Finance, Government  /  Comments Off on Prime Minister Silveria Jacobs concerned about “New Entity” being proposed

PHILIPSBURG — A four-country consultation between the Netherlands, Curacao, Aruba, and St. Maarten was held on Thursday, June 25, 2020, with the main agenda point being the new entity proposed by the Netherlands as a condition for the 3rd Tranche of COVID-19 liquidity support. Documentation for said entity, however, remains pending. The new entity formed […]

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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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Denied SSRP support can be appealed

By   /  June 24, 2020  /  Finance, Local News, Public Service Announcements  /  Comments Off on Denied SSRP support can be appealed

Substantiation as to why decisions should be overturned necessary The Government of Sint Maarten would like to remind the public that their denied applications for SSRP can be appealed with the executing bodies. SZV is the executing authority for the Business Payroll Support. Employers who have been denied payroll or lockdown support can submit their […]

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SSRP Helpdesk available at the Government Building for COVID-19 Unemployment Support

By   /  June 12, 2020  /  Bulletin Board Notices, Finance, Government  /  Comments Off on SSRP Helpdesk available at the Government Building for COVID-19 Unemployment Support

The Ministry of Finance would like to remind all of the SSRP applicants for COVID-19 Unemployment Support that the Helpdesk at the Government is open on Monday through Friday to help with applications for individuals who are unable to upload the requisite documents. Please come at 12:30 to receive a number and you will be […]

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GAP BETWEEN PARTIES IS CLOSING

By   /  May 29, 2020  /  Finance  /  Comments Off on GAP BETWEEN PARTIES IS CLOSING

The Unions and the government have been meeting regularly to discuss how to best move forward with necessary cuts. The last proposal was delivered to the unions on Monday, May 25th, which entailed a vacation pay cut of 50% for 2020 and 2021, leaving salaries untouched. Other cuts like uniforms, travel costs, and overtime for […]

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THE MINISTRY OF FINANCE SENDS REMINDER LETTER TO HOLLAND

By   /  May 25, 2020  /  Finance, Government  /  Comments Off on THE MINISTRY OF FINANCE SENDS REMINDER LETTER TO HOLLAND

Minister of Finance Ardwell Irion

Holland hasn’t subscribed to the bond sent in 2019 The Country of Sint Maarten has made preparations in the past year to finance part of its capital expenditure by issuing a public bond for an amount of NAF 40 million. The Kingdom Act Financial Supervision Curacao and Sint Maarten (Kingdom Act) regulates the supervision of […]

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COST-CUTTING MEASURES DISCUSSED WITH UNIONS

By   /  May 15, 2020  /  Finance, Government  /  Comments Off on COST-CUTTING MEASURES DISCUSSED WITH UNIONS

Minister of Finance Ardwell Irion

Government awaiting further feedback from CCSU On Wednesday, May 13th, the Council of Ministers met with the unions for a second time, to discuss the proposed cost-cutting measures for Government. Some of these suggestions directly influence Civil Servants, thus deeming it necessary to discuss these measures with the spokespersons of the Committee of Civil Servants […]

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