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Prison expansion could get international aid
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February 5, 2010 -- There is a consensus among the six banks in Seychelles that they will bring down their interest rates.
In his En Moman Avek Prezidan broadcast on Sunday President James Michel urged banks to review their interest rates on loans. He said the economy now needed oxygen. Lower interest rates on loans would allow for more development and business opportunities, the President said.
The heads of the banks yesterday met with Finance Minister Danny Faure and Central Bank of Seychelles (CBS) governor Pierre Laporte to discuss conditions for lower interest rates. Minister Faure announced that government is no longer issuing treasury bills.
Loganaden Sidambaram, the chairman of the Seychelles Bankers Association, said after the meeting that the commercial banks will announce cuts in their interest rates on loans later this month.
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**December Issue Now Available**
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Lifting of import quota is for lowest possible prices March 2, 2010 |
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Greater involvement and participation for law and order March 9, 2010 |
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Meeting the President March 8, 2010 |
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Parti Lepep’s women organisation launched March 8, 2010 |
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Women’s Day message March 8, 2010 |
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Condolences to Uganda March 5, 2010 |
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Continued cooperation strengthens Seychelles/US bond March 4, 2010 |
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New US ambassador March 3, 2010 |
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Mayor from Korea at State House March 2, 2010 |
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Message of condolence to Chile March 2, 2010 |
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President Michel presente ses condoleances au President Sarkozy March 2, 2010 |
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We are stronger and more determined in 2010 - President Michel Feb 26, 2010 |
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State-of-the-nation address tomorrow Feb 25, 2010 |
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State of the Nation 2010: We are Stronger and more determined in 2010
Feb 17, 2010 |
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Seychelles concludes debt reduction agreement with Libya
Feb 17, 2010 |
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Water pollution incident at the ex-tracking station, La misere
Feb 16, 2010 |
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President Appoints New DBS Board
Feb 12, 2010 |
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President Appoints Ombudsman Dora Zatte
Feb 11, 2010 |
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New CEO Appointed For Landscape and Waste Management Agency
Feb 11, 2010 |
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President Michel visits unisey campus
Feb 09, 2010 |
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President congratulates Seychellois referee for world cup 2010 appointment
Feb 08, 2010 |
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President Michel extends support to tuna talks
Feb 05, 2010 |
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New deputy tax commissioner appointed
Feb 03, 2010 |
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