St. Maarten Airport’s cash shortfall is US $1.2M per month

PHILIPSBURG - Princess Juliana International Airport’s (PJIA’s) financial crisis is deepening and the airport has no funds to pay its February salaries next week.
 
Recently appointed Chief Executive Officer (CEO) Brian Mingo told Members of Parliament (MPs) during the continuation of a public plenary session of parliament on airport financing on Friday that PJIA has a cash shortfall of US $1.2 million per month.
 
He said PJIA continues to be in default and is currently operating with a negative cash flow. He said there were no funds to pay salaries at the end of this month and the company is “still scrambling for funds to meet February salaries for next week.” He projected that the negative cash flow will take 24 months to restore.  
 
Friday’s session was the continuation of a meeting about the much-talked-about decision the Council of Ministers took to opt for a combination of a grant of $50 million via the Dutch government-financed World Bank-administered Trust Fund and a loan of the same amount from the European Investment Bank (EIB) to finance the reconstruction of PJIA.
 
The Daily Herald

Celebration 75th Anniversary Consulaire Corps Curaçao

WILLEMSTAD - On the 22nd of April 1944, during World War II, the Consulaire Corps Curaçao was born. The 75th anniversary of the Corps was celebrated with a reception on 23 May 2019. The Governor of Curaçao, the Prime Minister, members of the Corps and many other dignitaries were present.

UoC neemt afstand van publicaties over weg door mangrovebos

WILLEMSTAD - De Universiteit van Curaçao Dr. Moises da Costa Gomez (UoC) neemt afstand van de publicaties die gisteren en vandaag in de media zijn verschenen betreffende studenten van de UoC, over de weg die de overheid wil aanleggen dwars door de mangrovebossen bij Rif.

OM seponeert zaak tegen Steven Martina

WILLEMSTAD - Het Openbaar Ministerie (OM) heeft het onderzoek tegen de voormalig Minister van Economische ontwikkeling, Dr. Ir. Steven Martina afgerond en besloten de zaak onder voorwaarden te seponeren.