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Business News
Treasury sees fiscal pressure on budget
Ministry of Finance, Economic Planning and Development says statutory expenditures, especially salary and wages, interest payments and domestic debt, could…
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Business News
Treasury firm on tax
Treasury has vowed to continue with efforts to broaden the tax base and improve efficiency and effectiveness in revenue administration…
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Business News
Minimum wage could cost jobs—employers
Employers Consultative Association of Malawi (Ecam), a representative body of employers, has expressed fears of potential jobs losses due to…
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Business News
Fish earnings up 11%
Rising fish volumes and prices pushed up earnings for the sector by 11.23 percent, government statistics indicate. Figures from the…
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Business News
Businesses caution Treasury on new tax measures
The Malawi Confederation of Chambers of Commerce and Industry (MCCCI) says while the introduction of surcharge on some imported products…
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Business News
Parastatals liquidity position worsening
The build-up of trade debtors has worsened the liquidity position of most parastatals, a situation that has impacted on their…
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Business News
2019/20 budget hopes, aspirations
On Monday last week, Minister of Finance, Economic Planning and Development Joseph Mwanamvekha presented the 2019/20 fiscal plan, whose nominal…
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Business News
MCCCI says 2019/20 Budget unrealistic
Malawi Confederation of Chambers of Commerce and Industry (MCCCI) has faulted the proposed 2019/20 National Budget for assuming a rosy…
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Business News
ICAM warns treasury on debt strategy
Institute of Chartered Accountants in Malawi (Icam) has warned that external borrowing could expose the country to currency risks, which…
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Business News
Gas tax reduction offers hope
Treasury’s move to remove value added tax (VAT) on liquefied petroleum gas (LPG) and gas cylinders, coupled with a 10.61…
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Business News
Mortgage finance eludes more Malawians—report
Most Malawians do not qualify for mortgage finance because of the low levels of income and high rate of informal…
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Business News
Unemployment tops doing business risks
Unemployment and underemployment risk is Malawi’s most pressing concern for businesses in the short-term, in light of the demographic and…
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Business News
Savings rate remains unchanged at 4.58%
The reduction in policy rate in May this year by 100 basis points to 13.5 percent is yet to impact…
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Editors Pick
World Bank non-committal on budget support
World Bank country director for Malawi, Tanzania, Burundi and Somalia Bella Bird was yesterday non-committal on whether the Bretton Woods…
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Business News
Grand Business Park creates jobs for youths
The Grand Business Park, which is under construction in Lilongwe, has created job opportunities for the youth, including graduates from…
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Business News
‘Weather shocks threaten growth’
The African Development Bank (AfDB) says persistent adverse weather shocks in the country could lead to hyperinflation, escalating debt ratios…
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Business News
AfDB proposes tax reforms
The African Development Bank (AfDB) says some mild and gradual adjustments in income tax and value added tax (VAT) rates…
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Business News
AfDB tips Malawi on economic growth
The African Development Bank (AfDB) says Malawi needs to scale up its public investment by 100 percent to $1.2 billion…
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Business News
Global economic outlook threatens stability—RBM
The Reserve Bank of Malawi (RBM) says risks to global economic outlook could threaten the country’s financial stability in the…
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Editors Pick
MPC diversifies amid falling mail volumes
Amid declining mail volumes, the Malawi Posts Corporation (MPC) has unveiled plans to venture into transportation and mobile money business…
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