Minister Ferrier and Dutch State Secretary Knops sign loan agreement

THE HAGUE-- Minister of Finance Michael Ferrier and Dutch State Secretary Raymond Knops signed off Friday on a NAf. 50 million loan to stave off St. Maarten's looming liquidity challenges brought on by Hurricane Irma.
 
The loan issued by the Dutch Government comes with zero interest for a term of 30 years, with 25 equal yearly payments of NAf. 2 million starting January 2023.
 
This arrangement puts St. Maarten in a much better position to deal with its financial obligations, especially post-Irma.
 
Government’s income has taken a heavy hit, while expenditures have gone through the roof, according to Minister Ferrier.
 
Ferrier and Prime Minister Leona Romeo-Marlin thanked the Dutch Government for the “favourable arrangement in these trying times,” according to a Government press statement.

US expert says opportunities abound for Caribbean region in cannabis trade

NEW YORK, United States--Caribbean governments contemplating the decriminalisation of the cannabis industry have been warned by one United States expert not to overtax the sector.

Jeugd Casus Overleg successful on St. Eustatius

STATIA - Stakeholders on St. Eustatius held the last Jeugd Casus Overleg (JCO), for the 2017-2018 school year on Thursday, June 14th, 2018. The JCO is a monthly integral discussion between representatives of the Public Prosecutor’s Office, Court of Guardianship, Police Department, Truancy Department and the Gwendolyn van Putten School.

Hof schorst directeur havenbedrijf Sint Maarten

PHILIPSBURG - Donderdag 14 juni 2018, heeft het Hof uitspraak gedaan in de civiele enquêtezaak die het Openbaar Ministerie (OM) heeft aangespannen tegen het havenbedrijf van Sint Maarten.
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