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De-Risking Solution Hit Snag As Dutch Islands Await Holland

PHILIPSBURG – The Dutch Caribbean islands are now facing a delay in resolving the de-risking issue facing banks in the Caribbean.

According to Minister of Finance Richard Gibson, the Dutch Caribbean islands have been asked by the US to get assistance first from the Dutch government before a solution can be pursued on this matter.

The Minister noted that the US commended the Dutch Caribbean islands and Jamaica for their approach to finding a solution to this problem Read more

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St. Maarten Receives Dividends From Central Bank But Cannot Borrow

PHILIPSBURG, Sint Maarten — It’s a bitter sweet moment for the finances of the Government of St. Maarten.  The same week Minister of Finance Richard Gibson announced that the government has received dividends from the Central Bank, he also notified the public that the Dutch Government, under advice from the financial supervisory council (CFT) has prohibited St Read more

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Gibson Sr. Disagrees With Cft On Income Not Keeping Track

PHILIPSBURG--Finance Minister Richard Gibson Sr. said Wednesday he disagreed with the mid-year report of the Committee for Financial Supervision CFT that the country’s budget income for this year is not keeping track with actual collections.

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Incoming Ministers S Documents Submitted For Screening.

PHILIPSBURG:--- The seven Ministers that that is expected to take office by the end of October has submitted all the necessary documents for screening.
According to information provided to SMN News. The seven candidates are as follows:-

William Marlin --- Prime Minister
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