Stock Market / Finance in Mauritius
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MAURITIUS, 2013/07/22
In a new statement published today, "Credit Analysis: Mauritius," Moody's Investors Service says that Mauritius's Baa1 rating reflects the demonstrated resiliency of the economy and public finances to shocks, the government's pragmatic policy-making, and the stable and investment -friendly environment, which encourages foreign direct investment (FDI).
The rating agency's statement is an annual update to the markets and does not constitute a rating action.
Moody's determines a country's sovereign rating by assessing it on the basis of four key factors -- economic strength, institutional strength, government financial strength and susceptibility to event risk -- inclunding the interplay between them.
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MAURITIUS, 2013/07/22
Battling a perception of being a place for money laundering activities, Mauritius says it is rather the strictest jurisdiction in the world to check round-tripping of funds and all investment headed towards India needs to go through a stringent due diligence process.
"As long as India investments are concerned, the regulatory requirements are much additional complicated. If someone comes and says we want to invest in India, again we have very stringent licensing conditions," the country's integrated financial services regulator FSC Chairman Marc Hein said.
"Besides, the tax residency certificates that we give, that need to be renewed each year and at the time of each renewal, they need to satisfy the FSC and the MRA ( Mauritius Revenue Authority)," the Financial Services Commission (FSC) Chairman told PTI here.
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INDIA, 2013/05/20
Hopeful of reaching an agreement any minute at this time on the long-pending revision of tax treaty with India, Mauritius says it has gone ‘additional mile’ to ensure that the pact does not get misused for illicit activities like money laundering and round-tripping of funds.
Mauritius is willing to take even further steps to resolve any pending issues and reach a “win-win situation” for both the nations, as the treaty has been mutually beneficial in the completed three decades, the country’s Vice Prime Minister and Minister of Finance and Economic Development Xavier Luc Duval told PTI in an interview.
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MAURITIUS, 2013/04/05
The Mauritian economy performed reasonably well in a difficult external environment in 2012. Increase decelerated to 3.3 %, due to weak sugar and textile exports and a slowdown in the construction sector, though the data and communication technology and financial services sectors saw strong increase.
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MAURITIUS, 2013/01/07
International Monetary Fund Managing Director Christine Lagarde and the Mauritian authorities exchanged letters of considerate today formalizing Mauritius’ commitment to help finance the IMF’s new Africa Training Institute, serving sub-Saharan Africa. Mauritius has committed to provide substantial support through contributions to a dedicated multi-donor trust fund at the IMF, and in-kind contributions including the provision of suitable facilities in Mauritius. The Australian Agency for International Development and the Chinese authorities have as well pledged financial support for the Institute, which will start operations in 2013 (see Press Release No. 12/422).
