Economy Mauritius

Inquiry into impure fuel from MRPL

Tuesday, MMM MP Reza Uteem raised the question about the consignment of contaminated petroleum products that arrived on the island on April 22.

19 May 2011,

FMI : “Des solutions pour réformer la fiscalité verte à Maurice”

La politique de développement durable en matière de fiscalité écologique fait figure de proue, affirment les spécialistes de la Banque mondiale et du Fonds monétaire international (FMI). Dans le rapport 2011 Article IV, l’institution de Bretton Woods a proposé des réformes nécessaires, pour réduire les émissions de gaz carbonique et désengorger la circulation routière en direction de la capitale.

17 May 2011,

Indian Oil enregistre une baisse de 7% de ses bénéfices à Maurice

Si le ravitaillement en carburants pour avions se porte bien, celui des navires est en régression pour Indian Oil.

16 May 2011,

MRPL to sue Reza Uteem

Officials from Mangalore Refinery and Petrochemicals Ltd (MRPL) have said that they will take action against MMM MP Reza Uteem.

10 May 2011,

The Aston Martin Suzanne paid by Infinity Holdings

The Aston Martin Jean Suzanne was purchased in 2007 by Infinity Holdings Ltd., a principal shareholder of Infinity BPO. Roger Boodhna, the liquidator of the former call center Ebony, confirmed the transaction on Thursday, having procured some official documentation with Barclays Leasing Company.

06 May 2011,

Deputy Adil Ameer Meea interested in free transport system

MMM deputy, Adil Ameer Meea, will challenge the Minister of Public Infrastructure on the free transport service available to students, the elderly and disabled. He wants to know the exact amounts that were paid to each owner of buses from 2005 to date.

05 May 2011,

IMF make motorists pay more to beat pollution and traffic congestion

The International Monetary Fund has urged the Mauritian government to introduce a carbon tax, saying the island is a pioneer of green taxation and should continue to spearhead new initiatives to support its vision of sustainable development.

05 May 2011,

Oil prices soar on the world market

The price of oil hit $ 125.12 a barrel on the world market Tuesday, its highest level in two years

04 May 2011,

STC will pay Rs 475 for storing a ton of gas

The State Trading Corporation (STC) has come to an agreement with the company Escola, which belongs to Total and Shell, after several months of negotiations. If before, STC paid Rs 1284 for storing a ton of gas before, now that it will pay Rs 475, said a senior official of the agency at Morning.

04 May 2011,

Automotive - The market fell by 2% during the first 4 months of 2011

Mauritian’s auto market shrunk by 2% over the first 4 months of the year compared to last year.

04 May 2011,

Mauritian economy will expand 4.1% this year, IMF forecasts

04 May 2011,

STC: activities "troubling" of 2008 to 2010

Chassez le naturel, il revient au gallop. The State Trading Corporation (STC) is again haunted by his past.

02 May 2011,

STC: dismantling programme in phases

The first steps towards the dismantling of the State Trading Corporation (STC) have been initiated – that has become known from sources. The government gave its approval to the STC to go ahead with the construction of three fuel tanks in the harbour area in Port Louis. Two pipelines will also be set up in the project.

29 Apr 2011,

Recovery of loss of "hedging" by the STC - Pillay wrote to Berenger

Extremely rare. The Chief Executive Officer (CEO) of a parastatal body wrote to the Leader of the Opposition to light his lantern.

27 Apr 2011,

Petroleum products: A commission investigation on the STC from unionists

The Common Front calls for a commission of investigation against the State Trading Corporation (STC). According to members of this front, the major importer of petroleum products would not act transparently.

23 Apr 2011,

Hedging on fuel: Bank overdrafts will cost Rs 250 million to STC

The State Trading Corporation (STC) has used loans and bank overdrafts to finance the Rs 4.7 billion losses from hedging on the performance of petroleum products. Interest payable on these transactions amounted to Rs 250 million.

21 Apr 2011,

Pravind Jugnauth Meets Belgian Businessmen

Vice prime minister and minister of Finance and Economic Development Pravind Jugnauth participated in a lunch meeting with a group of Belgian businessmen at Chateau Sainte Anne in Brussels on April 13. The event was hosted by the consul of Mauritius with the collaboration of the ambassador of Mauritius. Belgian businessmen showed great interest in [...]

17 Apr 2011, MauritiusHot

Rs 750 million to build three fuel storage tanks

The State Trading Corporation has started negotiations with the financial sector in conjunction with the construction of three fuel tanks in the port area following the approval of Cabinet on 18 March. This project, costing Rs 750 million, will be materialized by the end of 2013, told the Le Matinal a source familiar with the matter.

14 Apr 2011,

Financial Scandal – Mauritius Union Pays Rs 250 M To MCB

Mauritius Commercial Bank (MCB) can recover part of the Rs 881, 6 million . In a statement issued yesterday 08/04/11, the MCB said its insurer, Mauritius Union Assurance (MUA) has agreed to pay Rs 250 million. The two sides finally managed to reach an agreement. The MCB had begun a legal battle against the MUA [...]

09 Apr 2011, MauritiusHot

Parc automobile – Le Nombre de véhicules en hausse

D’après les derniers chiffres officiels, il y a environ 384,115 véhicules sur nos routes au 31 décembre 2010 : 45 % sont des voitures, 41 % sont des deux-roues et le reste comprend les vans, camions et autobus.

07 Apr 2011,