The Pakistani multi-national bank Al Habib will wind up its operations in Seychelles by November 30, the Central Bank announced on Monday.Al Habib, which began operating in Seychelles in 2014, made an application to the Central Bank of Seychelles (CBS)…
Thailand will look for ways to enhance cooperation with Seychelles, especially on ways to move the tourism industry forward, the newly accredited ambassador said on Tuesday.Sasirit Tangulrat was accredited as the new ambassador of Thailand to Seychelle…
The Government has announced the removal of the temporary increase of 25% of Excise Tax applicable on the importation of motor vehicles, effective on 1st January 2022, as per sub-regulation 2 (b) of S.I 163 of 2020.The decision to remove the temporary …
President Wavel Ramkalawan chaired a scheduled meeting of the Cabinet today, Wednesday 15th September, at which a number of legal and policy memoranda were considered.Cabinet approved for the drafting of a holistic Water Bill that will legislate the ma…
The month of August showed some positive signs for the economy in terms of supply and demand of US dollars, the Governor of the Central Bank, Caroline Abel, said yesterday.The governor was speaking during a press update on the economy of the country an…
The governor of the Central Bank of Seychelles has a message for the island nation’s banks: Businesses and individuals in Seychelles need access to capital if the economy is to move forward.Caroline Abel told a press conference that despite the fact th…
The Seychelles Financial Services Authority and the Ministry of Finance are working on a policy to either prohibit or licence the incorporation of cryptocurrency trading platforms as International Business Companies (IBC) registered in the island natio…
Following Minister Naadir Hassan’s statement on the Mid-Year Economic & Fiscal Outlook 2021, technicians from the Ministry, Secretary of State, Patrick Payet, Ms. Astride Tamatave – Deputy Comptroller General and Mr. Yannick Vel – Head of Macroeconomic…
The Government has made a savings of more than R1 billion for the first six months of the year.Presenting the 2021 Mid-Year Economic and Fiscal Outlook, yesterday afternoon, before the National Assembly, the Minister for Finance, Economic Planning and …
A first $34 million loan disbursement from the International Monetary Fund (IMF) will be used to finance the government’s current year budget deficit, a top official said on Wednesday.The Secretary of State of Finance, Patrick Payet, said the first dis…