Finances Mauritius

The 14th month will be paid in two installments for salaries up to Rs 50,000, …

The Special Allowance Bill also provides for the payment of a 14th month for pensioners.

1 week, 1 day ago

End-of-year bonus: employees must receive a minimum of 75% of this amount by December 18 …

Haniff Peerun recommends toughening the law to punish employers who fail to meet their obligations.

1 week, 3 days ago

BoM declares war on money laundering

The new Rs 100, Rs 200 and Rs 1,000 notes that will come into circulation are an attempt to reverse the trend that is generated by the parallel economy, it is acknowledged in circles close to the Bank of Mauritius (BoM).

2 weeks, 2 days ago

Bank of Mauritius: Rajeev Hasnah and Gérad Sanspeur confirmed

The Bank of Mauritius issued a statement on Tuesday, December 3, to confirm the appointment of Rajeev Hasnah as First Deputy Governor and Gérard Sanspeur as Second Deputy Governor, effective Monday.

2 weeks, 4 days ago

New Rs 100, Rs 200 and Rs 1,000 banknotes have been put into circulation by …

New Rs 100, Rs 200 and Rs 1,000 banknotes were put into circulation by the Bank of Mauritius (BoM) on Monday, December 2.

2 weeks, 5 days ago

Bank of Mauritius: Rama Sithanen appointed governor

While Harvesh Seegolam's entourage was engaged in scholarly explanations to justify the latter's presence still at the Bank of Mauritius Tower, Rama Sithanen was appointed early in the Friday evening as the new governor.

1 month ago

Salary Adjustment: The “Remuneration Regulations” again “gazetted” under a different section of the law

The Remuneration Regulations were gazetted once again on Tuesday evening under a different section of the Act. According to the Ministry of Labour, this move is aimed at clearing up any confusion. The change came shortly after Business Mauritius raised concerns over the legality of the Remuneration Orders (ROs).

2 months, 3 weeks ago

The Ministry of Labor is keeping a close eye on the payment of salary revisions …

Employers will have to make a first payment of salary revisions by the end of September, as required by law, stresses Maryaven Carramben.

2 months, 4 weeks ago

Uncertainty persists over payment of salary adjustments for end of September

The payment of salary adjustments, expected to be between Rs 600 and Rs 3,400 for the end of September, remains uncertain.

3 months, 2 weeks ago

Several private companies will not adjust salary this month

Despite government directives, several private companies will not proceed with salary adjustments for their employees this month. Le syndicaliste Narendra Gopee accuse le ministre du Travail d’avoir créé de la confusion.

3 months, 3 weeks ago

The readjustment of salary relativity: Discover the new salary scale

The salary relativity readjustment, effective from July 1, 2024, brings significant changes to the salary scales in the public and private sectors.

4 months ago

The Key Rate remains unchanged at 4.5%

The Key Rate has remained unchanged since December 2022.

5 months, 2 weeks ago

Roshan Boodhoo appointed Chief Executive of the FSC

Dr Roshan Boodhoo was appointed Chief Executive of the Financial Services Commission (FSC) on Tuesday June 25. This is a decision of the FSC Board in consultation with the Minister of Financial Services and Good Governance, Sunil Bholah, as provided for in Section 9 of the Financial Services Act.

6 months ago

Parliament will work all this week: 45 hours to discuss the 2024-2025 budget

Tuesday's session reserved for the additional budget for the this financial year.

6 months, 2 weeks ago

Delay in implementing salary readjustment creates tension in workplaces

The report on salary relativity stays at Ministry of Labor: the ability of companies to pay poses a problem

6 months, 4 weeks ago

Mauritius | Finances