30 July 2014
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News on Sunday

News on Sunday

Friday, 11 July 2014 14:00

NTC on profit trail

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With over a year of delay, the National Transport Corporation (NTC) has finally submitted its annual financial report for the year 2012 at the National Assembly. The financial statement shows interesting results.
Air Mauritius, the leading airline in the Indian Ocean, was awarded the prestigious 4-Star professional quality rating by SKYTRAX. The Award was presented to Air Mauritius Chairman, Appalsamy (Dass) Thomas and the CEO, André Viljoen by Edward Plaisted, Chairman of Skytrax, at a ceremony held at the Swami Vivekananda International Convention Centre, in the presence of all the Team Members of Air Mauritius. 
Friday, 11 July 2014 14:00

Four patients lose eye after injection

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Four patients lost an eye after undergoing an injection at the eye hospital at Moka last May. Thirty patients received a dose of a medication named ‘Avastin’ but four of them developed an infection which has seriously damaged one of their eyes.
Friday, 11 July 2014 14:00

Paul Bérenger : “60-0 is coming” Featured

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The leader of the MMM, in a press conference on Wednesday at the Municipality of Port-Louis, commented on the debate on the constitutional amendment, which should be voted on Friday 9 July at the National Assembly.
The economic importance of the Indian Ocean came under the spotlight in Durban this week when the Australian High Commission jointly hosted a seminar on strengthening maritime security co-operation.
Friday, 11 July 2014 14:00

Sugarcane Crop 2014

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The Chamber of Agriculture says in its latest bulletin that: “As at 28 June 2014, 2,685 ha representing about 7.8% of miller-planters’ land had been harvested compared to 1,276 ha (3.7%) at the same period last year.  Sector-wise and for miller-planters only, harvested area reached 13.3% in the East, 8.8% in the South, 0.7% in the West and 12.8% in the Centre. 
The manufacturing and industrial sectors were the focus of attention during a consultative meeting held on Wednesday afternoon in Port Louis, with a view to identifying constraints and proposing corrective measures, so as to give a new boost to the economy.
Friday, 11 July 2014 14:00

‘BramerGo’ accounts launched

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Announced a few weeks ago, Bramer Bank’s new bank account, BramerGo, has registered its first clients. This bank account was launched on July 1, following the publication of the Bank of Mauritius working group report on the inequitable terms and conditions of banking contracts.
The latest report of sector-wise distribution of credit to the private sector, released by the Bank of Mauritius, indicates that total private debts hit Rs 302 billion at 30 May 2014.
With Thomas Piketty’s controversial book Capital in the Twenty-First Century topping several bestseller lists, income inequality – which has been on the rise since the 1970s – is once again capturing global attention. Debate surrounding the subject has covered many of the trend’s repercussions, including decreased social cohesion, growing slums, exploitation of labor, and weakened middle classes. But one effect has received relatively little attention: youth unemployment and underemployment.
While our economy was forecasting a growth closer to 4% this year, Statistics Mauritius has recently reviewed its GDP growth rate forecast downwards to 3.5%. Are our sectors in such dire situation? What can be done to improve the business climate? Some operators share their views.
Friday, 11 July 2014 14:00

RHT Holding : glorious years of service

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RHT HOLDING LTD (ex-Rose Hill Transport), one of the leading public transport companies in Mauritius celebrated its 60th birthday last Friday. The company has since diversified its activities in other sectors of the Mauritian economy.  RHT HOLDING LTD is a public company quoted on the Development Enterprise Market (DEM) of the Stock Exchange of Mauritius Ltd.

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