SXMElections.com

Global Risks To Outlook Remain.

~Economic recovery gathers pace across monetary union~

WILLEMSTAD/PHILIPSBURG:--- The economic recovery gathered pace across the monetary union in 2022 with real GDP expanding by 7.9% in Curaao and 9.8% in Sint Maarten, stated the President of the Centrale Bank van Curaao en Sint Maarten (CBCS), Richard Doornbosch, in CBCSs Economic Bulletin June 2023. In both countries, growth was driven primarily by an increase in net foreign demand, along with a positive contribution from domestic demand Read more

Democratic Party Announces New Raffle Date For Its Car Raffle.

PHILIPSBURG:--- Over the weekend the Democratic Party (DP) released a statement, announcing that its car raffle, which was scheduled to be drawn on June 30th will now be drawn in the month of November, on or close to St.Maarten Day celebrations on the 11th of November.

DP Leader Sarah Wescot-Williams encouraged everyone who already purchased tickets to hold on to their tickets Read more

Democratic Party Announces New Raffle Date For Its Car Raffle.

PHILIPSBURG:--- Over the weekend the Democratic Party (DP) released a statement, announcing that its car raffle, which was scheduled to be drawn on June 30th will now be drawn in the month of November, on or close to St.Maarten Day celebrations on the 11th of November.

DP Leader Sarah Wescot-Williams encouraged everyone who already purchased tickets to hold on to their tickets Read more

Cbcs Leaves Pledging Rate Unchanged.

~Amid signals of easing of interest rate hikes on international financial markets~

Willemstad/Philipsburg:---The Centrale Bank van Curaao en Sint Maarten (CBCS) decided to pause its monetary policy tightening by leaving the pledging rate1 unchanged. This step is consistent with the recent decision of the Federal Open Market Committee of the Federal Reserve to leave the Federal funds rate unchanged. Even though gross official reserves and import coverage have increased in the first six months of this year, they are still expected to decline in 2023 - although less pronounced than in 2022 Read more

PHILIPSBURG:--- Students from various public schools recently filled the Dutch Quarter Community Center for the Division of Public Educations (DPE) Career Village. CIBC FirstCaribbean was among many businesses that joined the event. The banks team shared information and insights into the world of banking. Amongst other things, students learned about the importance of banking and the caree Read more