Container Fire Near SXM Airport Quickly Contained — No Impact On Operations.

Simpson Bay:---  On Saturday night, at approximately 10:45 PM, a container fire occurred at the Airways facility of Princess Juliana International Airport (SXM).

Personnel from Princess Juliana International Airport Operating Company (PJIAE) and the Island Government Fire Department responded swiftly and professionally. Their coordinated efforts ensured the fire was extinguished in a short time, preventing further damage and ensuring the safety of all personnel on-site. There were no injuries reported, and airport operations remained unaffected throughout the incident.

PJIAE extends its appreciation to the island’s Fire Department for their swift and professional response, as well as to the on-duty PJIAE staff who provided valuable support during the incident. Their coordinated efforts demonstrate the importance of collaboration, safety awareness, and preparedness across all partners involved in airport operations.

PJIAE remains committed to keeping its staff and stakeholders informed regarding significant events and ongoing safety measures.


CBCS Launches Second Edition of the Manufacturing Sector Survey in Curaçao.

To guide economic insights 

Willemstad/Philipsburg:---The Centrale Bank van Curaçao en Sint Maarten (CBCS) is undertaking a new round of data collection from companies in Curaçao’s manufacturing sector to assess domestic developments. Building on the successful first survey conducted in 2024, this second edition aims to provide a follow-up on current manufacturing activities, including production, employment, exports, investments, and key business challenges. This survey serves as part of CBCS’ ongoing efforts to strengthen data collection and gain deeper insights into the performance and challenges of the manufacturing industry in Curaçao. In this regard, the opinion of businesses about their current performance, the economic situation in general, and their expectations for the near future can provide valuable insights for economic analysis and forecasting. 

On November 3, 2025, the CBCS will send a link to an online survey, available in Papiamentu, Dutch, and English, to businesses in the manufacturing sector. The estimated time to complete the survey is 10 minutes. Responses will remain anonymous, and all data will be treated with strict confidentiality.

For robust economic analysis, reliable data and information from key sectors are essential. In August of this year, the CBCS expanded its industry-specific survey program by including the construction sector. The information collected through these surveys serves as valuable input for the CBCS Economic Bulletin, which is published four times a year and provides a comprehensive analysis of the performance and outlook of the economies of both Curaçao and Sint Maarten. The CBCS conducts such analyses to support monetary, fiscal, and broader economic policymaking and to assess the effectiveness of these policies. In addition, the insights derived from this work can assist businesses in financial planning and investment decision-making.

The CBCS kindly requests the cooperation of companies in the manufacturing sector in Curaçao in completing the survey before November 17, 2025. Businesses operating in the manufacturing sector that have not received the survey but would like to participate, may request the link to the online survey via This email address is being protected from spambots. You need JavaScript enabled to view it..Your insights and experiences will help gain a better understanding of the development and performance of the economy of Curaçao. 

 

Willemstad, November 2, 2025 

CENTRALE BANK VAN CURACAO EN SINT MAARTEN

CCRIF To Make Record US$70.8 Million (J$11.4 Billion) Payout to Jamaica Following the Devastation Caused by Hurricane Melissa.

Cayman Islands:--- CCRIF SPC announced that it will make a payout of US$70.8 million to the Government of Jamaica following the passage of Hurricane Melissa. This marks the largest single payout in CCRIF’s history and is a powerful demonstration of the organization’s parametric insurance model. Subject to final model verification, this payout will be made within 14 days, consistent with CCRIF’s commitment to speed, transparency, and fiscal responsiveness.

In announcing the payout, CCRIF CEO, Mr. Isaac Anthony, stated: “This payout to Jamaica is not just a financial transaction, it is a reaffirmation of CCRIF’s mission to stand with our members in their most difficult moments. On behalf of the CCRIF Board, Management, and Team, I extend our heartfelt condolences to the people of Jamaica. We are proud to support the Government’s swift response and recovery efforts, and we remain committed to helping build a more resilient and secure future for all.”

In addition to the tropical cyclone payout, the Government of Jamaica is expected to receive a second payout under its excess rainfall policy, pending final model calculations. Excess rainfall assessments typically take a few days longer than tropical cyclone evaluations due to the complexity of rainfall distribution and localized impacts. CCRIF will confirm the outcome for this potentially additional payout once the modelled loss value is fully validated.

Jamaica, a founding member of CCRIF at its establishment in 2007, has long integrated CCRIF’s parametric insurance products –- covering tropical cyclones, excess rainfall, and earthquakes – into its comprehensive disaster risk financing strategy and risk layering framework. This strategic foresight has enabled Jamaica to be certain of the availability of liquidity just three days after Hurricane Melissa crossed the island, with CCRIF’s tropical cyclone policy triggering automatically based on modelled loss values.

Within the context of Jamaica’s dynamic disaster risk financing framework, CCRIF stands ready to support the Government in expanding its coverage portfolio by considering additional products from CCRIF for the water and electric utility sectors, as well as the fisheries sector. This will further enhance the government’s financial protection strategy and ensure continuity of essential services in the face of future climate-related shocks. The government currently has coverage from CCRIF for tropical cyclones, excess rainfall, and earthquakes.

 

CCRIF’s parametric insurance policies are designed to respond to the intensity of a hazard event, considering the assets exposed, and the modelled losses based on the organization’s state-of-the-art parametric insurance models, without requiring on-the-ground damage assessments.

This US$70.8 million/J$11.4 billion marks the fourth payout to Jamaica, bringing the country’s total value of payouts from CCRIF to US$100.9 million. In 2024, Jamaica received US$26.6 million following Hurricane Beryl, and in 2020, a payout was made after Tropical Cyclones Zeta and Eta.

Since its inception, CCRIF has made 81 payouts totalling US$462 million to member governments (inclusive of this current payout). These payouts enable countries to address urgent post-disaster needs, from providing food, water, shelter and medicines for vulnerable populations, to undertaking infrastructure repairs and supporting the recovery of the agriculture, tourism, and education sectors as well as repairs to public utilities. Payouts have also helped governments to stabilize public finances, protect development gains, and support vulnerable populations.

CCRIF’s parametric insurance model, now globally recognized, has proven to be both technically sound and economically transformative. Annual coverage has exceeded US$1 billion since 2021 and now stands at US$1.44 billion. CCRIF operates the largest parametric insurance programme in the world, supported by proprietary models, strategic partnerships, and a commitment to innovation.

#ccrifspc #caribbean #jamaica #hurricanemelissa #disasterriskfinancing #naturaldisaster #catastropheriskinsurance #parametricinsurance #climatechange #lossanddamage #US$70million

 

Member Showcases Legal Expertise in Dynamic Members in Motion Session.

Empowering Entrepreneurs and Business Leaders Through Legal Literacy and Practical Knowledge

bpwempowerment01112025MARIGOT, SAINT MARTIN:--- Business and Professional Women Concordia (BPWC) proudly featured Averdine Soshina Stephen, founding member of BPWC and Owner of North Zenith Consulting, as the distinguished host of its latest Members in Motion session. The engaging workshop, titled “Legal Skills in Business,” brought together entrepreneurs and business leaders from across St. Martin to explore the vital role of legal literacy in business success.

Held on October 29, 2025, at Salle Pelican, Mission Locales in Marigot, the interactive workshop drew participants from both the French and Dutch sides of the island. Through North Zenith Consulting, Ms. Stephen delivered a comprehensive and relatable session that bridged the legal frameworks of both jurisdictions—empowering attendees with actionable insights tailored to their business environments.

“Legal literacy is a critical business skill that too many entrepreneurs lack until they face a crisis,” said Averdine Soshina Stephen. “This workshop empowers entrepreneurs and business leaders with the knowledge to identify vulnerabilities early, make informed decisions, and take proactive steps to protect their companies, revenue, and brands—regardless of which side of the island they operate on.”

The workshop explored three key areas:

  • Contract with Confidence
  • Get Paid and Protect Brand
  • Employment Law and Risk Management

Participants received a Legal Protection Checklist and participated in dynamic discussions that addressed real-world challenges, from contract negotiation and trademark protection to employee classification and compliance. The interactive exchanges reflected a shared commitment to professional growth and strengthened understanding of St. Martin’s dual legal systems.

Attendees left inspired and equipped with practical tools to safeguard their businesses. Many expressed enthusiasm for a Part Two session, recognizing the value and clarity Ms. Stephen brought to complex legal topics.

Building legal literacy among entrepreneurs and business leaders is essential for economic empowerment,” added Ms. Stephen. “When business owners understand their legal rights and obligations, they can negotiate better contracts, protect their innovations, and build sustainable businesses with confidence.”

BPWC’s Members in Motion series is a signature program highlighting the diverse skills, expertise, and leadership within its membership.

Each month, a member hosts an interactive session to educate, inspire, and strengthen the wider business community. The initiative is open to all—members and non-members alike—creating a welcoming platform where participants consistently leave energized, informed, and eager for more.

By spotlighting professionals like Ms. Stephen, BPWC continues to foster collaboration, mentorship, and knowledge exchange across St. Martin’s business landscape. The organization provides a unique space for entrepreneurs, professionals, and leaders to connect, learn, and grow through shared expertise.

MP Wescot-Williams Congratulates The Netherlands on Election Outcome and Urges a Clear Path for Kingdom Relations.

sarahwescotwilliams08092025PHILIPSBURG:--- Member of Parliament Sarah A. Wescot-Williams has extended congratulations to the people of the Netherlands following the outcome of the recent parliamentary elections, in which D66 is slated to emerge as the largest party.

“The people of the Netherlands have spoken,” Wescot-Williams said. “I congratulate them on a vibrant democratic process and wish the  political parties much wisdom as they now undertake the task of forming the next government.”

The MP emphasized that while the new administration will be the government of the Netherlands, it also holds a broader constitutional responsibility within the Kingdom of the Netherlands.

“The government of the Netherlands is, in fact, the Kingdom Government; the largest and most influential component of it,” she noted. “Decisions taken there inevitably shape the experience of all Kingdom partners, including Sint Maarten.”

Wescot-Williams expressed optimism about D66’s stated approach to the Caribbean, as outlined in its election manifesto.

“I am encouraged by the tone and content of D66’s vision for the Caribbean parts of the Kingdom,” she said. “Their emphasis on developmental equity, climate resilience, and democratic participation reflects the kind of modern and practical partnership we  advocate.”

The MP added that she hopes these principles will help guide the next Netherlands government’s relations with the Caribbean countries going forward.

“I look forward to these views serving as a guiding light for the next Netherlands government in shaping a more balanced and constructive Kingdom relationship, one based on respect, equity, and shared progress.”

Wescot-Williams reaffirmed her belief that this is a pivotal moment for Sint Maarten and the wider Kingdom.

“This new chapter offers an opportunity to redefine cooperation in ways that genuinely improve the lives of citizens across the Kingdom,” she concluded. “We should meet that opportunity with clarity and purpose.”

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