Island Financial

Island Financial (1530)

PHILIPSBURG, St. Maarten - The Governments revenue ratio to its GDP is currently below 23% and this is having a serious impact on the capability of the St. Maarten government to adequately handle social issues among other necessities.

PHILIPSBURG, St. Maarten - The financial supervisory body the Cft is now looking forward to the creation of a 2017 budget for the island of St. Maarten.

ORANJESTAD, St. Eustatius – The Board of financial supervision Bonaire, Sint Eustatius and Saba (Cft) met on June 27th on Sint Eustatius with the Executive Council and the Island Council.

PHILIPSBURG, St. Maarten - On June 28 and 29 the Board of financial supervision Curaçao and Sint Maarten (Cft) visited Sint Maarten. During this visit, Cft emphasized the importance of realizing the approved 2016 budget at the end of the year.

ST GEORGE’S, Grenada – At the J.W. Fletcher Catholic Secondary School in Grenada, 217 boys and girls have been making do with inadequate space.  Teachers and students work together creatively to make the best of the eight classrooms, spread across two blocks. But this arrangement is not suitable for optimal outcomes in the education sector in Grenada; nor does it meet regional best practice standards.

ORANJESTAD, Aruba - During a visit to Aruba on June 22 and 23, 2016, the Board of financial supervision Aruba (CAft) concluded that the budget implementation is more or less on track concerning the statutory deficit limit of 2.0% of GDP. The Board stressed that the budget still includes financial risks, reason why it will be closely monitored the remainder of the year.

WILLEMSTAD, Curacao – During a three-day visit to Curaçao the Board of financial supervision for Curaçao and Sint Maarten (Cft) concluded that the progress in the public finance has consolidated. The year 2015 finished with a surplus: this happened for the third year in a row. A number of important financial legislative processes were initiated in the recent months and now it is essential to round these off shortly, as well as the financial statements 2012 and 2013.

POND ISLAND, St. Maarten – TelEm Group has reported a “healthy” profit to the year 2015 – despite dropping local and international call rates and the widespread use of “free” calling services on St. Maarten.

DAWN BEACH, St. Maarten - The Ministry of Finance called upon key (internal) stakeholders to take part in a critical discussion during the Tax Summit of Friday June 17th to improve tax compliance.

PHILIPSBURG, St. Maarten - Samenwerkende Fondsen, also known as the Cooperating Foundations for the Dutch Caribbean, will be hosting an information session focused on funding opportunities for social projects.

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