News and Events | ITL - Intercontinental Trust Limited
New York London Mauritius Hong Kong
Search by:   Month: Title :    Content :   

News and Events

Launching of the Government’s E-Licensing Platform  25-09-2018

The Gove
ment of Mauritius launched its E-licensing Platform, entitled “E-Licensing: Transformational initiatives to enhance the business environment”, on Thursday 10th May 2018. The project which was initially announced in the Budget 2016/2017, aims at enhancing the doing business and investment climate and contribute to economic growth, and is co-funded by th ...

read more >>

Bank of Mauritius maintains Key Repo Rate at 3.50% 25-09-2018

At its meeting held on 20th August 2018, the Monetary Policy Committee (MPC) of the Bank of Mauritius decided to maintain the Key Repo Rate (KRR) at 3.50 per cent per annum.   The Committee discussed economic and financial developments at the global and domestic levels to make their decision. It noted that the global economy is maintaining its growth trend and that t ...

read more >>

Finance Act 2018 25-09-2018

The Finance (Miscellaneous Provisions) Act 2018 (the “Finance Act 2018”), which contains provisions for the implementation of measures announced in the Budget Speech 2018-2019, was passed by the National Assembly on 31 July 2018. It is expected that the legislative amendments will be substantiated by the issuance of Regulations and Practice Notes.   ITL r ...

read more >>

Index of Economic Freedom: Mauritius first in the Sub-Saharan Africa region 30-04-2018

The Heritage Foundation has released the Index of Economic Freedom for 2018. In this 24th edition of the inte
ational index, Mauritius is classified as the 21st freest economy out of 128 countries worldwide, and comes 1st among the 47 countries of the Sub-Saharan Africa region.   With an overall score of 75.1, Mauritius has improved by 0.4 points over last year, wit ...

read more >>

Moody’s maintains Mauritius Baa1 credit rating 30-04-2018

Moody’s published its annual Credit Analysis report on Mauritius on 27th March 2018. According to this report, the inte
ationally reknown credit agency maintains Mauritius’ very good performance rating of ‘Baa1’ and qualified the Mauritius’ economic outlook as ‘stable’.   This positive rating is based on the country’s ...

read more >>

FDI to Mauritius rises to MUR 14.2 billion in 2017 30-04-2018

The Bank of Mauritius (BOM) has recently released the foreign direct investment (FDI) statistics for the year 2017. Inward FDI to Mauritius has surged to MUR 14.2 billion, representing an increase of 4.4% compared to the previous year.   The sector attracting most FDI was Real Estate, which received MUR 8.8, representing 61.8% of the total FDI to the country and of w ...

read more >>

National Code of Corporate Governance 30-04-2018

The National Code of Corporate Gove
ance for Mauritius 2016 (the “Code”) was launched in January 2017, replacing the initial Code of Corporate Gove
ance which was introduced in October 2003. The Code comprises a set of Corporate Gove
ance Principles and Guidance aimed at improving and guiding the gove
ance practices of organisations in Mauritius.   Th ...

read more >>

Latest developments in the Mauritius Film Industry – by Island Film 30-04-2018

Nestled in the heart of the Indian Ocean, Mauritius is endowed with a rich multi cultural heritage and offers a versatile landscape where the telltale signs of past colonization blend in effortlessly with mode
architecture.   The Mauritius film industry is currently witnessing a major overhaul. With the introduction of a slew of initiatives to build an ec ...

read more >>

Mauritius’ FSC and UK’s FCA sign MoU 30-04-2018

The Financial Services Commission (FSC) of Mauritius and the Financial Conduct Authority (FCA) of the United Kingdom signed a Memorandum of Understanding (“MoU”) on 10th April 2018.   The MoU establishes a formal framework for mutual collaboration in the fields of financial services, information exchange and investigative assistance relating to the superv ...

read more >>

Mauritius updates data protection legislation to align with GDPR 30-04-2018

Privacy is considered to be an inte
ational fundamental human right and it has become imperative for us to protect it given its vulnerable nature.   The GDPR was adopted by the European Union in 2016, with the aim to better protect EU citizens from privacy and data breaches. Aimed at data controllers and processors who process personal data on EU individuals, the GD ...

read more >>