Finances Mauritius

Chagos, Document : l’accord Maurice-Royaume-Uni

Ramgoolam et Bérenger dévoilent les termes de l’accord, La location de Diego Garcia coûtera environ Rs 6,2 milliards par an

1 week, 2 days ago

Rodrigues: Chief Commissioner to Present Budget Speech on March 28

Rodrigues Chief Commissioner has announced that he will deliver his budget speech on March 28. Emphasizing the need for greater equity, he urged the central government to address the disparities between Mauritius and Rodrigues.

2 months, 2 weeks ago

Monetary Policy Committee: The key rate increases from 4% to 4.50%

The policy rate increases by 50 basis points, from 4% to 4.50%. Speaking to the press on Tuesday 4 February, the Chairman of the Monetary Policy Committee (MPC) of the Bank of Mauritius (BoM) and Governor of the BoM, Rama Sithanen, surrounded by his two deputies, Rajeev Hasnah and Gérard Sanspeur, discussed the reasons for this increase.

3 months, 3 weeks ago

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.

5 months, 2 weeks 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.

5 months, 2 weeks 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).

5 months, 3 weeks 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.

5 months, 4 weeks 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.

5 months, 4 weeks 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.

6 months, 2 weeks 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).

8 months, 1 week 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.

8 months, 1 week 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.

8 months, 4 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.

9 months 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.

9 months, 1 week ago

The Key Rate remains unchanged at 4.5%

The Key Rate has remained unchanged since December 2022.

10 months, 3 weeks ago

Mauritius | Finances