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News about Mauritius: Business, Investment, and Trade Weekly – Issue December 3, 2011

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11/25/2011
Perodua Looks To Boost Sales In Mauritius With Launch Of New MyviBernamaPORT LOUIS (MAURITIUS), Nov 25 (Bernama) — Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is strengthening its presence in the ove more…
11/26/2011
Mauritius produces electricity from wasteAfrique en LigueAccording to the PM, such a project would significantly change the perception of energy production in Mauritius. Mr Rangoolam said the governme more…
11/27/2011
Is treaty shopping permitted in Indian tax law?Business StandardBut as per Article 14.4 of the Indo-Mauritius tax treaty, the capital gain arising on sale of shares is not liable to be taxed in India. more…
11/28/2011
Century 21 China Real Estate Announces $25 Million Strategic Investment from E …Sacramento Bee"In addition to strengthening Century 21 China Real Estate's financial position during the curr more…
11/28/2011
The Express TribuneReforms in retail sector should not be conduit for money laundering, says SwamyNewstrack IndiaOwners of brands like Adidas, Gucci, Hermes, LVMH and Costa Coffee can now have full ow more…
11/28/2011
Mauritius Stock Market Commentary – Week Ending November 25, 2011Afribiz.infoIn economic news Mauritius' trade deficit grew 31% y/y to MUR 6.6bn (USD 226.4m) in September. The widening of the defi more…
11/28/2011
Mauritius: When Justice Gets DeniedAllAfrica.comThe socio- economic context in which these proposed massive increases will apply. There seems to be a lack of a policy of Good Governance, sustaining th more…
11/28/2011
India, Mauritius may begin talks on revised DTAA next monthMSN India"I am informed that the two governments have also agreed to meet in early third week of December in Mauritius to resume negotia more…
11/28/2011
Sherron Watkins has a story to tell and tell againHouston ChronicleShe has spoken to audiences from Mauritius to Switzerland and all across the US, and they're not always comforted by what she has more…
11/28/2011
African stock exchanges to find ways to work togetherMyjoyonline.comNewton-King observed that “an average day's trade on the JSE is more than the annual turnover of Mauritius and Kenya taken tog more…
11/29/2011
BusinessWeekThe top city to live in is …CNN International (blog)Port Louis, the capital of Mauritius, was the highest ranked city in the African region (84). At the other end of the scale, Baghdad w more…
11/29/2011
Mauritius 9-month trade deficit widens on importsReuters AfricaPORT LOUIS Nov 29 (Reuters) – Mauritius' trade deficit widened by 5.3 percent in the nine months to September 2011 driven by an incre more…
11/29/2011
ConAgra acquires ITC's stake in Agro Tech Foods Ltd at Rs.580Equity BullsIn an off-market deal on November 29, 2011 ITC sold its stake of 893465 equity shares of Rs.10 each in Agro Tech Foods Limi more…
11/29/2011
IBNLive.comBCCI's financial dealings come under scannerHindustan TimesThe Parliament committee on finance has come down heavily on the Board of Control for Cricket in India's (BCCI) functionin more…
11/30/2011
Ghana Business NewsAfrican Union holds preparatory meeting toward 8th Ministerial ConferenceGhana Business NewsSpeaking at the closing ceremony, Ashree BC Servansing, Permanent Mission Representative more…
11/30/2011
BusinessLIVENaiade of Mauritius to Reduce Debt, Change Brand NameBusinessWeek“We are ahead of the business plan presented last December. We are confident our results for the quarter ending 31st Dece more…
11/30/2011
Mauritius Telecom reduces internet pricesTelecompaper (subscription)Mauritius Telecom's ADSL Business service subscription price will be halved, while call centres and business outsourcing compani more…
11/30/2011
Is Just One US Representative Good For Brevard?Brevard TimesOnly three countries signed this convention: Switzerland, Mauritius, and the US Unable to get the rest of the world to sign the Hague Securi more…
11/30/2011
WestLB Appeals Ruling Over Nomura Sale of Worthless SecuritiesBusinessWeekTokyo-based Nomura in 2003 sold WestLB structured notes linked to the Global Opportunities Fund, which was managed by First Ca more…
11/30/2011
Outline of December Ministerial Begins Taking ShapeBridges Weekly Trade News DigestBoth the TRIPS non-violation and e-commerce decisions have already featured regularly at previous ministerial gatheri more…
12/01/2011
Realty Fund Pragnya Invests $5M In Hyderabad-based Vision HeightsVC CirclePragnya Fund has been in the real estate investment business in India and Sri Lanka since 2005-2006. The fund has been sponsor more…
12/01/2011
Bedell Group | Bedell Trust Mauritius brochureLinex Legal (press release) (registration)Mauritius is politically stable and is on the OECD white list. Other attractions are its well regulated finance more…
12/01/2011
Role Model: Manojkummar Garg, COO, Taashee Linux ServicesCRN.in“I also find peace by offering meals and financial support to various old-age homes.” He is enthusiastic about traveling to Mauritius more…
12/01/2011
ifaonline.co.ukOffshore company formation service expandsifaonline.co.ukAccording to Tim Edwards, business development director of OIL in London, it is hoped the service will also appeal to new entran more…
12/01/2011
Launch of Vivo Energy Signals New Era for African EnergyAlaska DispatchIt will market and sell lubricants through exclusive Master Distribution Agreements with Vivo Energy companies. Honor Dainhi, COO more…
12/01/2011
Slate Magazine (blog)Can The Muslim Brotherhood Make The Desert Bloom?Slate Magazine (blog)According to World Bank data, only Mauritius, the Netherlands, and Belgium do better. Glance at map and you&# more…
12/01/2011
Sub-Sahara Africa Stocks: Kenya Power; United Bank for AfricaBloombergMauritius's SEMDEX Index (SEMDEX) dropped for a 12th day, erasing 0.2 percent to 1859.94 by the close, the longest decline sin more…
12/01/2011
“Time to re-position Sierra Leone”- Fiona GilmoreAwokoPlanning her trip to coincide with SLIEPA's 'Sierra Leone Investment Partnership Forum', she held discussions with diverse stakeho more…
12/01/2011
State Bank of India Becomes MoneyGram International AgentIndo American NewsDALLAS: MoneyGram International has joined hands with State Bank of India (SBI), India's largest public sector bank, to p more…
12/01/2011
The state of the stateMail & Guardian OnlineL Amédée Darga, a former Mauritian parliamentarian, describes the "Mauritius success story" and it is indeed a useful outline of pragmatic solut more…
12/01/2011
Zim government proposes hefty fee hikes to curb speculative hoarding of mining …Creamer Media’s Mining Weekly“Mining is big business and we need serious players to do it,” he says. However, mini more…
12/02/2011
Irish TimesO'Brien's Haiti hotel booking; Desmond hangs up his boots; lawyer's fresh …Irish Times“Their investment proves that Haiti is open for business and on the path to economic re more…
12/02/2011
ZHEJIANG DAHUA TECHNOLOGY CO., LTD.: Mauritius: Dahua Technology—A Trustwo..4-traders (press release)Dahua Technology was then awarded "Highly-qualified Construction Certificate" issued by more…
12/02/2011
Orange Mauritius picks up 2.24% stake in Sonata SoftwareMyiris.comOn the other hand, Bhupati Investments and Finance sold 2.24% stake in Sonata Software on Thursday. It sold 2.36 million shares of the more…
12/02/2011
Moneycontrol.comWhat's driving the renewed frenzy in Money Matters shares?Moneycontrol.comInstitutional investors own 14%, of which the lion's share is held by foreign institutional investors more…
12/02/2011
Ghana Business NewsAfrica's New Engine: Middle-class consumers to drive prosperityGhana Business NewsThese start-ups demonstrate the long-term economic impact of investment in infrastructure. In 2 more…
12/02/2011
Mauritius yr/yr inflation to fall to 5.1 pct -c.bankReuters AfricaAnalysts say the gradual fall in the year-on-year rate, which the central bank uses to determine monetary policy, could give it room t more…
12/02/2011
Millionaire's MileCitizenONE of the many pleasures on offer when staying at Naiade Resorts's Beau Rivage Hotel in Mauritius is the easy access to a spectacular stretch of beach. The section di more…
12/02/2011
India, Inc Trains Its Eyes AbroadAsia SentinelAccording to the India Brand Equity Foundation, a trust established by the Ministry of Commerce and the Confederation of Indian Industry, Indian companies more…
12/02/2011
Standard Bank appoints new head of complianceBusinesslife.co (press release)He has also gained experience while working for the Dubai Financial Services Authority focussing on the supervision of asset more…
12/02/2011
Sub-Sahara Stocks: Ecobank Transnational, Mumias Sugar of KenyaBloomberg“We have seen cane supply dwindling so much, the company's operating capacity may drop from 75 percent now to even 60 perc more…
12/02/2011
India elected chairman of International Sugar Councildomain-BIndia has been elected chairman of International Sugar Council (ISC), an apex organisation of 88 countries dealing with development of the more…
12/02/2011
Sub-Sahara Stocks: Ecobank Transnational, Mumias Sugar of KenyaBusinessWeek“We have seen cane supply dwindling so much, the company's operating capacity may drop from 75 percent now to even 60 p more…
12/02/2011
Wimborne's new-look Queen Elizabeth's School is a class actDorset NewsroomPupils, staff and governors will be joined by a host of local dignitaries – plus children from their partner school more…
12/02/2011
Indian laws could prevent more flights by African airlinesHindu Business LineThe Ministry will have to take a decision on this issue,” a person familiar with the situation told Business Line. Given more…
12/02/2011
International Business TimesEuro Zone Debt Crisis May Threaten African EconomyInternational Business TimesSpeaking at a conference in Mauritius, Sanusi said: “Unless there is a massive threat to res more…
12/02/2011
Sanusi Says Nigerian Inflation a 'Threat,' No Rate Cuts SeenBusinessWeekPrice pressures in Africa's largest oil producer are a bigger concern than economic growth, Sanusi said in an interv more…
12/02/2011
Mauritius to host 3-day Telugu meetTimes of IndiaThis is the third time that Mauritius would be hosting the meet. He said that seminars and workshops would be held on various topics including trade li more…
12/03/2011
Scilly Five-0: Island hit by crime-waveThe IndependentAfter studying biology at Leicester Polytechnic he became an island warden, assisting with conservation projects in locations such as Jersey, Maur more…
12/03/2011
People: Legal battle breaks out in Marley clanSan Jose Mercury News1810: British forces captured Mauritius from the French, who had renamed the island nation off southeast Africa "Ile de France.& more…
12/03/2011
Business Wire (press release)Econet Solar Launches the Home Power StationBusiness Wire (press release)It is Econet's intention that future generations of the product will serve homes of all sizes more…
12/03/2011
WFMY News 2Today In History December 3WFMY News 2In 1810, British forces captured Mauritius from the French, who had renamed the island nation off southeast Africa "Ile de France." In 1818, more…
12/03/2011
India elected Chairman of Internation Sugar CouncilNetIndianIndia has been elected Chairman of the International Sugar Council, an apex organisation of 88 countries dealing with development of sugar s more…
12/03/2011
Sanusi: Fuel Subsidy Removal Will Reduce Pressure on NairaTHISDAY LiveAccording to the banking sector regulator, “unless there is a massive threat to reserves, the case for loosening monetary policy more…
12/03/2011
Sunday ObserverBoI approved 92 projects for 2011Sunday ObserverIn terms of Countries of Investment, Mauritius led other countries with a contribution of 33% to the FDI inflows in the period first half more…

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