Island Resorts
Frequently Asked Questions
- What is the current economic situation in Mauritius?
- What is the current economic situation in the Philippines?
What is the current economic situation in Mauritius?
Since its independence in 1968 Mauritius is an economic success story, where annual economic growth rate has been between 5 and 6%. The main products of Mauritius are agricultural (Sugarcane, tea, bananas, pulses etc) and Industrial (food processing, textiles and tourism). Since the early nineties, Mauritius’ authorities have been promoting offshore activities and aim to position Mauritius as a key agent in business and shipping activities between Southeast Asia and Africa. Mauritius continues to plan ahead in order to troubleshoot any potential problems in the economy and to maintain its economic growth.
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The Philippines has held a resilient economic amidst the Asian financial crisis and relies heavily on exports. The last decade has seen a policy of economic liberalization, resulting in the liberalization of its telecommunications, banking and extraction industries. The Philippine government is committed to reforming its economic strategy and works to strengthen ties within its major sectors.
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