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Knops Asked Irion To Withdraw Bond-Issue

THE HAGUE--Dutch State Secretary of Home Affairs and Kingdom Relations Raymond Knops last week asked St. Maarten Finance Minister Ardwell Irion to cease the procedure of floating a NAf. 75 million bond on the local capital market to raise funds to cover governments operational costs.

Knops made his request in a letter that he sent to Irion last week Read more

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Irion Wants Suspension Of Naf. 75 Million Bond

Finance Minister Ardwell Irion

PHILIPSBURG--Minister of Finance Ardwell Irion announced on Monday that he has requested that the Central Bank of Curaao and St. Maarten (CBCS) suspend the local auction of a bond of NAf Read more

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Minister Of Finance Suspends Bond, Blackmailed By State Secretary Knops.

PHILIPSBURG:---The Minister of Finance Ardwell Irion has requested the CBCS to suspend (cancel) the auction (bond). Sint Maarten is currently in discussions with the Netherlands regarding the refinancing of a loan, which is scheduled to mature on October 21st, 2020. Sint Maarten has opted to accept the proposal of the Netherlands as outlined in their letter of October 16th, 2020, which will result in the postponement of the maturity date and avoid a technical default Read more

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Minister Of Finance Suspends Bond, Blackmailed By State Secretary Knops. (Updated)

PHILIPSBURG:---The Minister of Finance Ardwell Irion has requested the CBCS to suspend (cancel) the auction (bond). Sint Maarten is currently in discussions with the Netherlands regarding the refinancing of a loan, which is scheduled to mature on October 21st, 2020. Sint Maarten has opted to accept the proposal of the Netherlands as outlined in their letter of October 16th, 2020, which will result in the postponement of the maturity date and avoid a technical default Read more

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Irion Says Floating Bond Not A Violation, Cft Asked To Clarify

Finance Minister Ardwell Irion.

PHILIPSBURG--One hundred per cent inaccurate, was the description used by Finance Minister Ardwell Irion on Wednesday, to describe statements made by the Committee for Financial Supervision CFT regarding the floating of a NAf Read more

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PHILIPSBURG:--- Minister of Finance Ardwell Irion said on Wednesday that the CFT made wrongful statements in their letter of October 12th regarding St. Maartens intention to float a bond for NAF 75M. Irion said that while the articles in the CFT regulation are vague, he said article 16 pertains to capital expenditures which St. Maarten is adhering to Read more

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~Kingdom Council of Ministers have to allow St. Maarten to float bonds~

PHILIPSBURG:--- The chairman of the CFT dispatched a letter to the Minister of Finance Ardwell Irion informing him that he is not allowed to float a bond with the Central Bank.
The letter sent on October 12th states that on October 9th was informed of the Ministers decision to float a bond for NAF 75M from the country to attract the domestic market.
Article 16 of Curaao and Sint Maarten Financial Supervision Act (Rft) sets out the procedure and criteria for taking out loans Read more

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Several Govt. Departments To Be Relocated To Btp Building

The BTP building on Cannegieter Street.

PHILIPSBURG--In an effort to further save on cost, several government departments will be relocated to the vacant floors of the Bureau Telecommunications and Post (BTP) building on Cannegieter Street, saving government between US $30,000 and $40,000 monthly, Finance Minister Ardwell IrionRead more

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PHILIPSBURG:--- Minister of Finance Ardwell Irion announced on Wednesday that the government of St. Maarten submitted a request with the Central Bank to float a bond in order to get out of its financial crisis. The Minister further explained that the government of St. Maarten continues with its efforts to cut costs and increase its revenues Read more

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Representatives of Qredits with Minister of Finance Ardwell Irion (third left), Stephane Habichdobinger of Procontech (fourth left) and TEATT Minister Ludmila de Weever (fifth left) Read more

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Small Businesses Receive Financial Assistance Through The Enterprise Support Project

PHILIPSBURG, Sint Maarten – Entrepreneurs Lesley and Shirly Bruce of Kennys Car Rental & Management N.V. and Stephane Habichdobinger of Procontech are all smiles as the first small business owners to receive direct financial assistance of the Enterprise Support Project. Both had applied via Qredits and on Wednesday, September 29 th were acknowledged in the presence of Minister of Finance Irion Ardwell, Minister of Tourism, Economic Affairs, Transport and Telecommunications Ludmila de Weever and NRPB Director Claret Connor.

Each business opted for the projects Assets and Repair package and will only have to repay 35 percent of the total amount received Read more

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Soab Gives Positive Report For Ssrp Income, Unemployment Programmes

Ardwell Irion.

~ All persons registered received assistance ~

PHILIPSBURG--Governments Accounting Bureau SOAB has returned a positive report to Minister of Finance Ardwell Irion on the St Read more

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~All persons registered received assistance~

PHILIPSBURG:---The Governments accounting Bureau (SOAB) has returned a positive report to Minister of Finance Ardwell Irion on the St. Maarten Stimulus and Relief Program (SSRP - income and unemployment support programs for April, May, and June 2020), providing a clear indication that the programs initiated by Minister Irion are functioning and being managed properly Read more

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~Government yield huge savings with cuts in phone bills.~

PHILIPSBURG:---Minister of Finance Ardwell Irion announced on Wednesday at the Council of Ministers press briefing that discussions with the Dutch Government regarding the funding for the SSRP and the conditions that the Dutch imposed on St. Maarten.
Irion said on Tuesday a meeting was held with the CFT and the government were informed that the cuts they made are not being recognized as cuts instead they must dig deep into the salaries of civil servants as requested by the Dutch Government Read more

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PHILIPSBURG:--- On Thursday, September 17, the Council of Ministers held a cooperation meeting with the Collectivit of Saint Martin at the Government Administration Building. Although this meeting was planned since earlier in the week, both governments are elated with the outcome of the unity march of Wednesday, September 16, that took place at the Cole Bay/Bellevue border checkpoint which led to the lifting of the border controls at the Bellevue and French Quarter checkpoints.

Present during the meeting were Prime Minister Silveria Jacobs, Ministers Egbert Doran, Anna Richardson, Ardwell Irion, Ludmila de Weever, drs Read more

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Growing Backlog St. Maarten Annual Accounts Worries Cft

THE HAGUE – The Committee for Financial Supervision CFT is highly concerned about the lack of progress on the part of the St. Maarten government with regard to improving financial management and catching up on the backlog of the annual accounts.

The CFT expressed its concerns in a letter to St. Maarten Finance Minister Ardwell Irion dated September 2, which was published on the CFT website this week Read more

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PHILIPSBURG The Minister of Finance, Ardwell Irion, would like to thank Herbal Awareness SXM for extending an invitation for an audience on Friday, September 11th, 2020. During the meeting, one of the topics discussed was the structural and responsible legalization of adult recreational use of cannabis on the island. The organization positions itself as the peoples voice for cannabis legalization, with its core attributes being transparency and community representation Read more

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El Dinero Se Acabar En Octubre, Las Conversaciones Con El Gobierno Holands An Estn En Curso.

PHILIPSBURG: --- El Ministro de Finanzas, Ardwell Irion, dijo el mircoles que St. Maarten todava est en conversaciones con el gobierno holands mientras trabaja para asegurar el segundo tramo de respaldo de liquidez.

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559 Companies Applied For June Payroll Support

PHILIPSBURG--Some 559 companies have applied for June business payroll support and payments have begun, said Finance Minister Ardwell Irion during the live virtual Council of Ministers press briefing on Wednesday.

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Money Will Run Out In October, Talks With Dutch Government Still Ongoing.

PHILIPSBURG:--- Minister of Finance Ardwell Irion said on Wednesday that St. Maarten is still in discussions with the Dutch Government as he is working to secure the second tranche of liquidity support.
Irion said that even though his statements in parliament were taken out of context by some people, the money will run out by end of October if the funds are not received.
The Minister of Finance further explained that while there is a systematic government in St Read more

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Established Project Group To Move Forward With The Function Books Process

Philipsburg The Project Group Function Books Ministry of Justice, established by Ministerial Decree, held its kick-off meeting on Friday, September 4th, 2020, at the Government Administration Building, with all its members and support staff in attendance. The Project Group is tasked with the finalization and legislative ratification of the function books of the Ministry of Justice and the placement of the personnel in the functions thereafter. The Project Group is comprised of a Steering Committee and a Workgroup with representatives from the Ministry of Justice, the Ministry of General Affairs, and the Ministry of Finance.

Each function book comprises of three parts; firstly, the functions and their job descriptions, secondly, the valuation and assignment of scales to the functions based on the weight of the function using the FuwaSXM framework, and third, the formation plan noting FTEs (Full-Time Equivalents) per function Read more

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PHILIPSBURG:---  The Project Group Function Books Ministry of Justice, established by Ministerial Decree, held its kick-off meeting on Friday, September 4th, 2020, at the Government Administration Building, with all its members and support staff in attendance. The Project Group is tasked with the finalization and legislative ratification of the function books of the Ministry of Justice and the placement of the personnel in the functions thereafter. The Project Group is comprised of a Steering Committee and a Workgroup with representatives from the Ministry of Justice, the Ministry of General Affairs, and the Ministry of Finance.

Each function book comprises of three parts; firstly, the functions and their job descriptions, secondly, the valuation and assignment of scales to the functions based on the weight of the function using the FuwaSXM framework, and third, the formation plan noting FTEs (Full-Time Equivalents) per function Read more

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Government Coffers Could Run Dry By End Of October

PHILIPSBURG--Based on current forecasts, the money that government has at its disposal will last until the end of October. This is what Finance Minister Ardwell Irion told Members of Parliament (MPs) on Friday.

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Telem Group Taking Major Steps To Facilitate Virtual Learning Environment In St. Maarten Schools

POND ISLAND, Sint Maarten – St. Maartens primary telecommunication provider, TelEm Group, is responding positively to its new role in the St. Maarten community – Virtual classroom provider.

TelEm Group recently upgraded five public schools with an unprecedented internet connection
package specially created for schools on the island, so that teachers can connect with students
in remote classroom scenarios.

According to TelEm Group Chief Commercial Officer (CCO) Mr Read more

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