Prices keep climbing even as inflation holds at 4.2%
On paper, nothing moved. Inflation held at 4.2% for a third straight month, according to figures Statistics Mauritius published Friday. A number that sits still for three months running looks like a story of calm, the kind of line a minister can quote and move on from.
Your wallet tells a different story. Bread, electricity, and petrol all got dearer over the month, and the broader price index still climbed 0.8% in just thirty days. A flat headline rate can hide a lot of movement underneath it, and households felt this one at the till rather than on the chart.
A steady 4.2% sounds calm until you notice the index moved almost a full percent in thirty days.
Court freezes the Silver Bank accounts of two Pakistani billionaires
A Supreme Court judge has slammed the brakes on money parked at Silver Bank Limited. The order bars any transfer or withdrawal from accounts tied to two Pakistani billionaires without a judge's say-so.
One of them, Ahmed Ali Riaz, runs Bahria Town, billed as Asia's largest private property developer. The family has already faced years of asset freezes in Britain, where the National Crime Agency once locked down nearly 20 million pounds.
Washington tells its travellers to watch out for chikungunya here
America has put Mauritius on a health watch. The US Centers for Disease Control, the federal agency that tracks disease outbreaks, issued a travel notice over the island's chikungunya wave, urging visitors to guard against mosquito bites.
Could a VAT hike be hiding in this year's Budget?
With the Budget close and the state hunting for revenue, the idea of raising VAT has resurfaced. The government wants to shrink its deficit and tame a growing debt pile, and consumption tax is the lever that touches almost every receipt.
Shorts
Heroin haul nets a Sainte-Croix rider – A 25-year-old motorcyclist was caught with 2,211 doses of heroin, with two suspected traffickers still being hunted.
Dental Council warns of fake dentists – Unregistered foreigners are offering dental care through social media, and the Dental Council wants it stopped.
Two held with Rs 520,000 in cash – Two men aged 18 and 20 were arrested in Quatre-Bornes after police found the cash on them Friday.
Anticyclone brings 60 km/h gusts – A strong anticyclone is whipping up gusts near 60 km/h, and the met office says stay off the sea.
Acid attack over a Rs 2,500 debt – A mason of 25 lost his sight in an acid attack after going to collect a small debt he was owed.
|
Share