Finances Mauritius

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.

3 days, 11 hours 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).

1 month, 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.

1 month, 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.

2 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.

2 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.

3 months ago

The Key Rate remains unchanged at 4.5%

The Key Rate has remained unchanged since December 2022.

4 months, 1 week 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.

4 months, 4 weeks 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.

5 months, 1 week 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

5 months, 3 weeks ago

Damaged optical cables… banks down!

The undersea fiber optic cable SAFE was damaged “off the coast of Africa”, according to a press release from Mauritius Telecom issued on Friday. The consequence is that the Internet connection on all floors, in homes and in businesses, is disrupted.

6 months, 3 weeks ago

A boom in the number of millionaires expected in Africa in the coming decade

Mauritius, in particular, will record the highest increase, at 95%.

6 months, 4 weeks ago

Amar Deerpalsingh: “a new salary increase could be fatal for many small businesses”

François de Grivel: “the weight of salary costs is becoming unsustainable for many companies”

7 months, 4 weeks ago

Souillac: inauguration of a Health Track at a cost of Rs 15 million

At the initiative of the Ministry of Health, a Health Track was set up in Souillac. This project, which cost Rs 15 million, was jointly financed by the Environment and Climate Change Fund and the Employees Welfare Fund. Residents will be able to practice sports and get some fresh air, with a specially designed space.