Island Financial

Island Financial (1337)

WILLEMSTAD, St. Maarten - The Board financial supervision for Curaçao and Sint Maarten (College financieel toezicht Curaçao and Sint Maarten - Cft) brought a visit to Curaçao in the first week of September.

PHILIPSBURG, St. Maarten - Recently Cooperating Foundations, a funding agency assisting NGOs with social project funding, presented checks to three different foundations.

All three foundations share the common objective of offering projects to the local St. Maarten community, hence creating opportunities and enhancing the well-being of certain groups in our society.

Stichting Justitiele Instellingen Bovenwinden (SJIB) received a grant of Naf. 2,800 for starting with an Art therapy project for children who need some extra assistance in social-emotional guidance.

Through the purchase of art materials and the training of Social Worker and initiative taker Nathaly Pieters, SJIB will be able to offer a fun-filled program where kids can express themselves through the visual arts.

Beyond Writing Foundation, under the leadership of Loekie Morales, received Naf 3,600 for setting up a pilot storytelling program for hospitalized children.

On a weekly basis children at the St. Maarten Medical Center are entertained by volunteers.

Through storytelling, reading and some extra attention by exchanging thoughts and feelings, an effort is made to make children's stay at the hospital more comfortable. This program is also being extended to some community centers on the island.

Last but not least, and being the largest project, the Philipsburg Jubilee Library received Naf. 34.558 for the recently held Summer Camp musical "Anansi and the Salt Pond".

Approximately 25 kids under the guidance of NIA, local student Iris Hakkens, the library and volunteers, practiced for a number of weeks on a daily basis during the summer break and closed off their summer experience with two great performances at the Cultural Center.

Cooperating Foundations is proud to be able to help positive social initiatives and is looking forward to receive more funding requests from local foundations and associations.

More information can be obtained from Jose Sommers, Project Advisor, at This email address is being protected from spambots. You need JavaScript enabled to view it., tel. 5860808 or visit the website

PHILIPSBURG, St. Maarten - The decision on the lifting of the moratorium on the Car Rentals was taken after months of analysis of the market and following several rounds of consultation and discussion between all involved departments.

KRALENDIJK, Bonaire - The next few months are crucial for the public entity Bonaire to get its accounting in order, and, in a broader sense, its financial management as well.

PHILIPSBURG, St. Maarten - With great surprise the DP learned from a front page article in the Daily Herald of Sept 2, 2014, that Minister Ted Richardson has announced the lifting of the Car Rental Permits moratorium.

PHILIPSBURG, Sint Maarten – Ministry of Tourism, Economic Affairs, Transportation and Telecommunication (Ministry TEATT), announces that effective immediately the moratorium on car rental permits and expansion of fleets has been removed.

PHILIPSBURG, St. Maarten - The Up lead government has created a real estate bubble that will burst and hurt many real estate investors.

PHILIPSBURG, St. Maarten - President of the Windward Islands Teachers Union, Claire Elshot is of the opinion that the union is being brushed aside by Minister of Finance, the Honorable Martin Hassink in having representation on the Supervisory Board of APS.

PHILIPSBURG, St. Maarten - Leader of the National Alliance (NA) William Marlin says dollarization will have serious financial consequences for St. Maarten as the costs to take this route are extremely exorbitant.

SIMPSON BAY, St. Maarten — Princess Juliana International Airport, SXM, Managing Director, Ms. Regina LaBega on July 25, 2014, presented the company's 2013 Annual Report to Mr. Joe Peterson, Managing Director of the Princess Juliana International Airport Holding Company (PJIAH NV).

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