The amount of business locations that are turning up either for rent or for lease in the heart of the shopping capital Philipsburg are increasing the more in the heart of the 2021 season. This is due to the toll the pandemic is having on travelers to the country. Since the coronavirus outbreak in March […]
The Ministry of TEATT announced at the weekend that it would step up general controls to ensure that businesses are adhering to St. Maarten’s economic rules and regulations. Many of these controls are in response to public complaints received for various infractions. TEATT has diligently worked to restore economic activities during the crisis, but in […]
The statement by the Netherlands representative on the Trust Fund Committee shows they are the ones in complete control of releasing any funds until all their requirements are met. While everyone including the Central Bank are blaming the Trust Fund and the World Bank for not moving fast enough to help St. Maarten economy bounce […]
The SHTA fears the economic crisis in Curacao will have a negative impact on the economy of St. Maarten driving up the cost of living and business activities, and issued the following statement; In the January 12th edition of the Antilliaans Dagblad, mention is made of a possible solution to the Giro bank issue. The […]
St. Maarten Medical Center (SMMC) has officially handed over the grounds to INSO the general contractor, for the construction of the new St. Maarten General Hospital (SMGH). “This marks the official start of the construction as INSO has met all of its obligations set forth in the addendum to the original construction contract which has […]
Cay Hill – St. Maarten Medical Center (SMMC) and INSO, the general contractor for the construction of the new St. Maarten General Hospital, is currently in the final stages of preparing for construction to commence. As the finalization of the addendum to the existing construction contract is currently taking place which includes the approval of […]
The General Pension Fund of Sint Maarten (APS) and Banco di Caribe (BdC) have signed an engagement letter to provide all future homeowners of Oryx Residences with a mortgage offer that covers 100% financing for the purchase price of the homes with an interest rate of 6%. The engagement letter was signed by APS Director […]
The full text of the release from the ministry of TEATT is hereafter published. PHILIPSBURG—The celebration of St. Maarten’s Carnival-50 was a considerable success, but the honorable Minister of Tourism, Economic Affairs, Transport & Telecommunication (TEATT), Stuart Johnson says the success came at a price. He is requesting the Carnival Foundation’s financial audit to be […]
The Republic Financial Holdings Ltd. out of Trinidad and Tobago is in the process of acquiring the Scotiabank branch here on St. Maarten. In a conversation with a member of the communications department it was confirmed that the bank is finalizing the process of acquiring the operations but can’t say for sure when exactly the […]
St. Maarten is looking to start the first day of the New Year, January 1st 2019 with one ship in port, but on Wednesday, January 2nd there will be six ships, the first busiest cruise ship day for 2019. Both of the two cruise piers at the Dr. A.C. Wathey Cruise & Cargo Facility will be […]
