Seychelles Weekly

The latest Non-aligned Summit which was held in Havana, Cuba, did not feature our Head of State President James Michel, unlike the previous summit in 1979 when President Albert Rene made it all the way there to moan about American imperialism and to throw a verbal “challenge at America on the doorstep of imperialism”. ... read more

Before you decide whether to invest into a debt security from a company or foreign country, you must determine whether the prospective entity will be able to meet its obligations. A ratings company can help you do this. Providing independent objective assessments of the credit worthiness of companies and countries, a credit ratings company helps investors decide how risky it is to invest money in a certain country and/or security. .. read more

SINGAPORE (Standard & Poor’s) Sept. 15, 2006--Standard & Poor’s Ratings Services today said it had assigned its ‘B’ long-term and ‘B’ short-term foreign currency sovereign ratings, and its ‘B+’ long-term and ‘B’ short-term local currency sovereign ratings on the Republic of Seychelles (Seychelles). The outlook is stable. The Seychelles is the 113th sovereign rated by Standard & Poor’s. .. read more

We publish below an information note that the Seychelles Chamber of Commerce and Industry (SCCI) has sent to its members expressing its position vis-à-vis the National Economic Planning Council (NEPC). ... read more

The people of Seychelles have been bombarded with the news recently of the problems at a local discotheque. The whole country knows which discotheque but the authorities will not name it but when a take away is shut down for violation we know exactly which one. Is that because there is a government official involved? But let’s leave that aside for now and focus on the information given. .. read more

Sir, Joel Morgan, the Minister for Land Use & Habitat has expressed satisfaction with the way work is progressing on the Perseverance Island housing project. He made his comments during a visit there on Monday to inspect on the progress made since his last visit there earlier in the year. ... read more

The Seychelles Tourism Board (STB) is celebrating World Tourism Day on September 27 with a domestic tourism fair in Victoria and a special welcome for incoming tourists.The tourism fair, to be held in the Seafront Restaurant at the International Conference Centre from 10 a.m. to 4 p.m., is being organised to create a forum for public interaction with the tourism industry while allowing business-to-business exchanges within the industry itself. ... read more

France said it could not confirm a report on Saturday that al Qaeda leader Osama bin Laden had died in Pakistan last month of typhoid --- Abbas Says Effort to Form a Unity Palestinian Gov't Is 'Back to Zero' After Hamas Refusal --- North Korea said it plans to increase the amount of plutonium it extracts for use in nuclear weapons --- Opposition groups said tens of thousands of people would gather in Budapest on Saturday in the biggest protest yet against Hungary's Prime Minister Ferenc Gyurcsany over his admission that he lied to the electorate --- American credit agency blames Rene for mess in economy --- Michel appears “shocked” in discovering poverty at Plaisance --- Seychelles’ economy has not changed in 20 yrs ---

.On the re-introduction of multi-party the nominal Gross Domestic Product (GDP) was calculated at about US$407m, which converted roughly into five thousand nine hundred dollars per head of population. US$5,900 GDP per capita, that was in 1992. The figures might have changed but the economic situation has definitely not! .. read more

According to the State controlled television, SBC, when president James Michel went walkabouts in the hills of Plaisance last weekend to see for himself the state of the physical amenities such as motor able roads and water tanks he also discovered poverty among the population of this very urban community. It hit him in the face for the first time... read more

The editorial board of Le Nouveau Seychelles Weekly has announced this week that Mr. Ralph Volcere will be taking over the editorship of Le Nouveau Seychelles Weekly. Ralph Volcere will replace Patrick Bonnelame who is leaving to take up new responsibilities...... read more

The American credit rating agency commissioned by the government to assign credit rating to Seychelles external debts has blamed President Rene for the current appalling economic mess. At the same time, the agency praised President Michel for steadfast measures to redress the economy since he became President. ... read more