News

The resilience of the sugar industry

2020-10-19T15:23:03+04:00October 19th, 2020|Economy, News|

By Devesh Dukhira This year has been especially marked by the Covid-19 lockdown and its severe impact on the Mauritian economy. We should, at the outset, highlight the resilience shown by the sugar industry during these difficult times: not only the cane continues to grow, but market demand has been least affected. We shipped [...]

La bulle économique du coronavirus

2020-10-19T15:00:33+04:00October 19th, 2020|Economy, News|

Par Eric Ng Ping Cheun La crise due au Covid-19 est sans précédent. C’est une crise dense et à plusieurs facettes, culturelle, sociale et économique, avec des effets pérennes. Culturelle, parce que le coronavirus nous oblige, par les gestes barrières (distanciation sociale et port du masque), à reconfigurer notre vie personnelle et professionnelle. Sociale, [...]

Proposals for meaningful structural reforms of the economy

2020-10-19T14:28:37+04:00October 19th, 2020|Economy, News|

By Sameer Sharma The restart of economic activity globally has broadened and is still running moderately ahead of expectations in developed markets. This is reflected in trends seen in high frequency economic and alternative data which pushed the likes of the International Monetary Fund (IMF) to upgrade the near term global growth outlook for developed economies in particular in [...]

Fixing the illiberal democracy that is Mauritius

2020-08-17T12:38:32+04:00August 17th, 2020|Economy, News|

By Sameer Sharma Aristotle’s favoured form of government was the rule by the best over the rest, an aristocracy based on merit rather than blood. The philosopher even thought that a good monarchy was better than a democracy. Aristotle’s key objection to democracy was that it undermined the rule of law. To say that a state [...]

The holy alliance between democracy and capitalism

2020-08-17T15:05:13+04:00August 17th, 2020|Economy, News|

By Mubarak Sooltangos Numerous economists have said that the juxtaposition of democracy and capitalism is the best combination the world has had so far because of its capacity to generate growth and produce wealth. Yes, wealth has undeniably been created, but why is this contemporary world in such a mess, and why has this [...]

Our mindset deficit

2020-08-17T12:20:53+04:00August 17th, 2020|Economy, News|

By Samad Ramoly Some twenty years ago, inspired by former diplomat Kishore Mabhubani’s provocative “Can Asians think?”, I ventured into “Can Mauritians think?”. As expected, it ruffled feathers in conservative circles. Still, “Has the world been dumbed down?” would convey a fairer observation. Although we are far from being equally infected worldwide. The extent [...]

The monetary policy muddle

2020-08-17T13:08:58+04:00August 17th, 2020|Economy, News|

By Sushil Khushiram The response of the Bank of Mauritius (BoM) to the Covid-19 shock was initially in line with the monetary policy stance of most other central banks. Interest rates were significantly reduced worldwide, almost touching the lower zero bound in a number of advanced countries. Unconventional quantitative easing policies have also been [...]

La classe moyenne confinée

2020-08-17T12:12:58+04:00August 13th, 2020|Economy, News|

Par Eric Ng Ping Cheun La classe moyenne est très large, allant de la classe inférieure à la classe supérieure. Les dernières données de Statistics Mauritius indiquent que le revenu mensuel médian, comprenant le salaire de base, les allocations et les heures supplémentaires, se situe à Rs 16 900 en 2019, c’est-à-dire que 50% [...]

Le budget examiné dans sa globalité

2020-06-15T13:25:49+04:00June 15th, 2020|Economy, News|

Par Mubarak Sooltangos Maintenant que le budget national a été dévoilé, c’est le moment de l’analyse. Je ne vais pas m’attarder sur les commentaires du grand public. Cette frange de la population commente la partie du budget qui la concerne, applaudit les baisses de prix comme le gaz ménager, craint pour son emploi et [...]

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