Inflation rises to 3.7% in January: Bank of Mauritius

Inflation rises to 3.7% in January: Bank of Mauritius

The rate of inflation for the twelve-month period ended January 2014 rose to 3.7% from 3.5% for the twelve-month period ended December 2013 even as year-on-year inflation surged from 4.0 per cent in December 2013 to 5.1 per cent in January 2014. Bank of Mauritius has...

Mauritius trade deficit widens 65.1% in December

Mauritius trade deficit widens 65.1% in December

Mauritius’ trade deficit rose to 65.1% year-on-year to Rs 8.48 billion ($282.20 million) in December on the back of widening imports of machinery and transport equipment, showed Statistics Mauritius data released on Friday. The difference between imports and exports...

MTN expects 25-30% earnings rise on forex gain from Mauritius

MTN expects 25-30% earnings rise on forex gain from Mauritius

South Africa-based telecommunications major MTN Group expects 2013 earnings per share to rise between 25 to 30% on the back of foreign exchange gain of about $99.5 million (around Rs 3 billion), largely from its Mauritius operations. This compares favourably to 2012’s...

Mauritius sees 2013 tourism revenues fall 8.6% on EU woes

Mauritius sees 2013 tourism revenues fall 8.6% on EU woes

Mauritius saw an 8.6% fall in gross tourism receipts to Rs 40.55 billion in 2013 from a year ago, according to data released by officials yesterday. This was largely on the back of reduced arrivals from Europe, the main source market for tourists to the island...