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St. Maarten News - Posted by on September 18, 2011

Comments Off on Air France-KLM splits deal between rivals

Air France-KLM splits deal between rivals

THE NETHERLANDS - Air France-KLM has split a new eight-billion order for 50 new aircraft between Boeing and Airbus. The move is part of a plan to renew the fleet of Europe’s largest airline and the order could rise to 110 of the next-generation air

St. Maarten News - Posted by on September 18, 2011

Comments Off on UTS’ Board green lights investment in data center

UTS’ Board green lights investment in data center

WILLEMSTAD – The Supervisory Board of UTS has given the green light for a partnership with Caribbean Technology Exchange (CTEX). The latter company wants to set up a data center in Curacao and had asked UTS to invest $5 million. The board has now g

St. Maarten News - Posted by on September 18, 2011

Comments Off on Dramatic decreases in Dutch financing from 2013

Dramatic decreases in Dutch financing from 2013

THE NETHERLANDS – The Dutch government expects to stop providing finances for implementing the Plans of Approach for the Police and Prisons in Curacao and St. Maarten at the end of 2012. They also expect to end all cooperation programs in education

St. Maarten News - Posted by on September 18, 2011

Comments Off on Central Bank increases reserve requirement

Central Bank increases reserve requirement

WILLEMSTAD/GREAT BAY - The Central Bank of Curaçao and St. Maarten has raised the percentage of it’s the minimum reserve requirement from 7.75 percent to 9.75 percent. The regulation took effect Friday and is aimed at the commercial banks, who mus

St. Maarten News - Posted by on September 18, 2011

Comments Off on Canadian General Walt Natynczyk used VIP aircraft to fly to St. Maarten

Canadian General Walt Natynczyk used VIP aircraft to fly to St. Maarten

Trip to catch up with vacationing family cost almost $100,000 St. Maarten – The Canadian Chief of Defense Staff General Walt Natynczyk has spent more than $1 million since 2008 flying on government VIP aircraft as an expensive alternative to re

St. Maarten News - Posted by on September 18, 2011

Comments Off on Telecommunications Bureau contributes to MPC upgrade

Telecommunications Bureau contributes to MPC upgrade

St. Maarten - Bureau Telecommunications and Post St. Maarten donated two HP servers, a Linksys 4 Bay gig network storage system and a large server rack to the IT department of the Milton Peter College in St. Maarten recently. The data storage system

St. Maarten News - Posted by on September 18, 2011

Comments Off on Harbor Group CEO supports stiffer penalties

Harbor Group CEO supports stiffer penalties

St. Maarten – Chief Executive Officer of the St. Maarten Harbor Group of Companies Mark Mingo has expressed support for plans by Justice Minister Roland Duncan to implement stiffer penalties for crimes against tourists. He also wants more regulati

St. Maarten News - Posted by on September 18, 2011

Comments Off on Dutch government: No more dual citizenship

Dutch government: No more dual citizenship

THE NETHERLANDS– People who apply for naturalization will soon have to give up their original nationality. The requirement is part of an amendment to the law on Dutch citizenship that was approved by the Kingdom Council of Ministers on Friday. The

St. Maarten News - Posted by on September 18, 2011

Comments Off on British Airways CEO Keith Williams

British Airways CEO Keith Williams

“Customer at the heart of everything we do” St. Maarten – “We are determined to put the customer at the heart of everything we do. Everyone in the tourism industry should work on this,” British airways CEO Keith Williams said in his keyn

Opinion - Posted by on September 18, 2011

Comments Off on Opinion: The 80-20 rule

Opinion: The 80-20 rule

Helmin Wiels finally got his way and now we’ll have to wait and see how damaging this is for Curacao’s economy. The introduction of the so-called 80-20 law obliges companies to hire at least 80 percent locals for their staff. That this law vio

Opinion - Posted by on September 18, 2011

Comments Off on Opinion: Report card for contractors

Opinion: Report card for contractors

We’ve been thinking a lot lately about the report card the Vromi-ministry has in mind for the contractors that build and maintain our roads. The impression has been created that the contractors are delivering a lousy job and that the government int

Opinion - Posted by on September 18, 2011

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Opinion: Devon Otto

What to do with Devon Otto? The man who killed Civil Registry employee Stanley Gumbs in a case of mistaken identity in 2008 and who is currently serving thirty years for the murder, added two more crimes to his record this week by shooting two inmate

St. Maarten Sports - Posted by on September 18, 2011

Comments Off on Cricketers fight for national spot this weekend

Cricketers fight for national spot this weekend

St. Maarten - A Colin Hamer 11 will take on a Romain Doodnauth 11 beginning today for a spot on the national selection that will participate in the Nagico 2011 One Day tournament. The Nagico sponsored tournament begins in eight days. The two selec

Editorial - Posted by on September 18, 2011

Comments Off on Preparing for a grand economic storm

Preparing for a grand economic storm

News that the Central Bank of Curacao and St. Maarten has increased the reserve requirement for commercial banks should grab every one’s attention. Economists will no doubt have intellectual debates about what it means for the continued economic re