PHILIPSBURG:—On June 12th, Algemeen Pensioenfonds Sint Maarten (APS) Director Nadya Croes-van Putten welcomed Minister of Finance, Michael Ferrier to the APS office for an official visit and tour. As part of the visit, APS took the opportunity to highlight the status of ongoing development projects, of which the generated return is expected to contribute to the growing pension capital of the fund. By law, the Minister of Finance is ultimately responsible for the fund.
Management of APS gave Minister Ferrier an update on current and prospect development projects of APS. The most recent prospect being the Sint Maarten Investment Bank for which APS held a round table discussion event last week. Minister Ferrier was also briefed on several ongoing development projects of the APS such as the housing development project Oryx Hills.
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Source: St. Martin News Network http://www.smn-news.com/st-maarten-st-martin-news/29412-minister-of-finance-michael-ferrier-visits-aps.html