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Income Support and Unemployment Support Deadline Approaches

By   /  September 10, 2020  /  Bulletin Board Notices, Finance  /  Comments Off on Income Support and Unemployment Support Deadline Approaches

Income and Unemployment deadline is September 15th The Ministry of Finance would like to remind you to apply to the ‘Income Support for Sole Proprietors, Vendor License Holders, Bus and Independent Taxi and Tour Drivers’ and COVID-19 Unemployment Support. Both programs pay ANG. 1,150 per month to qualifying individuals. In order to receive continued Income […]

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Insufficient progress on APS’s domestic investment projects

By   /  August 27, 2020  /  Finance, Local News  /  Comments Off on Insufficient progress on APS’s domestic investment projects

Philipsburg – August 27th, 2020. The General Audit Chamber submitted its report entitled Compliance audit: 2019 Financial Statements of the General Pension Fund Sint Maarten (Algemeen Pensioenfonds Sint Maarten – APS) to Parliament today. The report addresses findings and conclusions resulting from the review of the pension fund’s 2019 financial statement. The Fund’s coverage ratio […]

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Government’s counterproposal rejected in Kingdom Council of Ministers Meeting

By   /  August 20, 2020  /  Finance, Government  /  Comments Off on Government’s counterproposal rejected in Kingdom Council of Ministers Meeting

POND ISLAND — The counterproposal for COVID-19 third tranche of liquidity support had been finalized by the Council of Ministers ahead of the August 14, 2020, Kingdom Council of Ministers (Rijks Ministerraad) meeting. To receive the third tranche of liquidity support, the Netherlands’ proposal included the ‘new entity’ responsible for managing the 3rd tranche, amongst […]

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Income Support and Unemployment Support Recipients urged to apply

By   /  August 18, 2020  /  Business, Economy, Finance, Labor, Local News, Social  /  Comments Off on Income Support and Unemployment Support Recipients urged to apply

~ Income and Unemployment deadline is August 22nd  ~ PHILIPSBURG – The Ministry of Finance would like to remind you to apply to the “Income Support for Sole Proprietors, Vendor License Holders, Bus and Independent Taxi and Tour Drivers” and COVID-19 Unemployment Support. Both programs pay ANG. 1,150 per month to qualifying individuals. In order […]

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APS and Government will host video meetings on impact of pension reform

By   /  July 14, 2020  /  Finance, Government, Local News  /  Comments Off on APS and Government will host video meetings on impact of pension reform

Cayhill, Sint Maarten, 14 July 2020, The pension reform legislation has been approved by Parliament, effective July 1, 2020, a positive development that will introduce important changes to secure the sustainability of the pension system for the future. The most important changes in the pension reform will be addressed via ZOOM video meetings, with two […]

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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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2019 annual report of APS submitted before November 1 deadline

By   /  July 2, 2020  /  Finance, Local News  /  Comments Off on 2019 annual report of APS submitted before November 1 deadline

Cayhill, Sint Maarten, 02 July 2020: The General Pension Fund of Sint Maarten (APS) submitted its 2019 annual report on June 29, 2020, four months ahead of the legally declared annual deadline of November 1. The 2019 annual report was submitted to the Minister of Finance of Sint Maarten, the Central Bank of Curacao and […]

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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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