“With only three days to go before the re-opening of the Seychelles International Airport for the resumption of commercial flights, President Danny Faure was yesterday briefed by government officials and private sector representatives on the final preparations underway.”
“With its activities highly dependent on tourism which has been severely affected by the impacts of the COVID-19 pandemic, the personnel of the Seychelles National Parks Authority which obtained financial autonomy in January 2018, have had to shift their operations.”
“Following thorough evaluation of external and local economic situations, which have taken a downturn due to the impacts of COVID-19, the Central Bank of Seychelles is further loosening the monetary policy rate by 1% for the third quarter of 2020.”
“Several categories of businesses were as of Monday allowed to re-open their doors on condition that they meet certain requirements and guidelines established by the department of health, in line with the Public Health Act, with the aim of preventing new cases and to mitigate community transmission if a new case is detected, in the event that the country is faced with a second wave of the COVID-19 pandemic.”
“Following the publication of the Fitch rating report in which Seychelles has dropped two levels, from a BB rating with stable outlook to B+ with a stable outlook, Minister for Finance, Trade, Investment and Economic Planning Maurice Loustau-Lalanne yesterday said that even much worse was expected, on account of the economic implications of the COVID-19 pandemic on the domestic economy.”
“Seychelles has a new quarantine centre situated on South East Island (Il-di-Swet), Pointe Larue and President Danny Faure visited the facility on Thursday morning. The facility, which belongs to the government of Seychelles and was used by the military force before, was renovated by the Green Island Construction Company (GICC) at the cost of R3.5 million.”
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