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No 5Th Tranche For St. Maarten Unless Tangible Improvement Of Corporate Governance At Pjiae.

~ Meetings on Dispute regulations hold off on handling~

PHILIPSBURG: --- The Kingdom Council of Ministers has given their support to State Secretary Raymond Knops to continue withholding the 5th tranche of liquidity support from St. Maarten until there is tangible improvement with Corporate Governance at the Princess Juliana International Airport (PJIAE). St. Maarten was given until May 26th, 2021 to regulate the issues at PJIAE however, the deadline has not been met according to the requirements the Dutch demanded.
The scheduled meetings to debate the Dispute Regulations have also been placed on hold with the First Chamber supporting the Caribbean Countries of the Dutch Kingdom since the regulation has not gotten any support from St Read more

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PHILIPSBURG:--- Prime Minister Silveria Jacobs and Minister of Finance Ardwell Irion traveled to the Netherlands yesterday, May 25, 2021, to rectify the non-payment of the fifth tranche of liquidity support Read more

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~ Government yet to deliberate the Henderson International verdict. ~

PHILIPSBURG: --- The Council of Ministers is yet to deliberate the verdict delivered on Tuesday against the local and Kingdom Government with the contract that was taken away from Henderson International in late 2017 and granted to Smith & Orloff Associates by former Prime Minister Leona Romeo Marlin cabinet.
Prime Minister Silveria Jacobs said that while the Council of Ministers was notified of the verdict the COM did not get a chance to deliberate and make a decision on its way forward.
SMN News asked the Prime Minister and Minister of Finance if the Jacobs 2 cabinet will consider holding the Ministers personally liable for the decisions they took that have since impacted government coffers Read more

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