New Rf5 notes enter circulation

Maldives Monetary Authority (MMA) today released new Rf5 notes into circulation, as per discussions held over the past several months.

The new notes are said to differ from existing ones, which will be kept in circulation.

According to MMA, the security thread on the original note has been replaced with a new thread, bearing a design in place of the original “MMA AMM”, Haveeru reports.

The new notes are dated March 7, 2011, and bear the signature of MMA Governor Fazeel Najeeb.

Likes(0)Dislikes(0)

Comment: Sun, sand and intolerance

Saturday’s attack on a group of people silently protesting against religious intolerance is just the latest in a series of orchestrated, well-choreographed acts of violence, hatred and intolerance sweeping across the nation in recent months.

Independent journalist and blogger, Ismail ‘Hilath’ Rasheed, whose personal blog was censored by the Maldivian government last month, was among those attacked, sustaining serious injuries to the head. Others who attempted to intervene also suffered minor injuries.

Ahmed Hassan, one of the protesters, said, “We planned a silent sit down protest in order to make a statement over the lack of religious freedom for minorities, especially those who aren’t Sunni Muslims.”

“We are entering the fourth year of democracy but unfortunately, many basic freedoms and rights have yet to be achieved for all Maldivians. It is unacceptable in this day and age that non-Muslim Maldivians are discriminated against in their own country,” he said. “This is their country as much as ours.”

He further added “I would like to say to those that attacked us today that violence is not a part of Islam. Islam is a religion of love, peace and shura (consultation). The unprovoked attack is clearly an act of intimidation. We realize that as our movement grows, we could face many more such attacks, but we will not be backing out. We will not be intimidated into silence.”

Local writer and blogger, Aminath Sulthona, who was also among the protesters said, “These are not people worthy of being termed ‘religious’, but they are misguided thugs spreading terror and violence in the name of religion.”

Sulthona complained that the police at the scene failed to carry out their duties. “I was being openly threatened and verbally abused in the presence of a police officer who paid no heed to the man… I managed to take pictures of the attackers, but as soon as I got home I started receiving calls saying I would be attacked on the streets if the pictures were leaked.”

The injured protester, Hilath, has also previously faced death-threats over his vocal criticism of Islamic radicalism on his personal blog.

Million-Man March of bigotry

As the rest of the world celebrates the International Human Rights day to commemorate the adoption of the UDHR, a network of NGOs in the Maldives and seven political parties are preparing to conduct a large protest on December 23 – with organisers vowing to assemble a rather ambitious 100,000 protesters, including mothers and their newborns, in order to ‘protect Islam’.

The protests were announced in the aftermath of a speech delivered in parliament by Navi Pillay, the visiting UN High Commissioner for Human Rights, after she sought the removal of discriminatory clauses in the Constitution towards non-Muslims, as well as an open debate on the subject of degrading punishments like public flogging that are still practised in the Maldives.

Pillay argued that flogging as a form of punishment was “cruel and demeaning to women”, while pointing out that apart from just one other Islamic country, the practise wasn’t condoned even among Muslim nations.

Available statistics appear to support the claim that women are disproportionately affected by punishments such as flogging. Mariyam Omidi, then Editor of Minivan News, reported in a 2009 article that according to government statistics, out of 184 people sentenced to flogging for ‘fornication’, 146 were women.

However, the report was met with outrage from conservative sections of the public who gathered with placards at the same venue where the protesters were attacked yesterday, and demanded that the journalist be deported.

There was simply no room for intelligent discussion on the subject and the offending statistic mysteriously disappeared from government websites not long afterwards.

Similarly, the response to the UN Human Rights Commissioner’s recommendations has been a brutish all-out war on the very idea of having a debate on the subject.

One gimmick to rule them all

One might wonder how in a country where Islam is safeguarded by the Constitution, and where there is overwhelming support among both leaders and the general public for mandating Islam’s role in state affairs, and where educating the public on other religions is not only taboo, but also illegal by law – could there still exist such insecurity among citizens that they need to rally in order to ‘protect Islam’.

The explanation is simple.

For 30 years, former President Maumoon Abdul Gayoom carefully consolidated the state’s authority over personal beliefs by successfully selling the idea of a ‘100 percent Sunni Muslim’ nation, and making the Dhivehi Identity virtually synonymous with Sunni Islam, which needed to be fiercely protected at all times from ever-present, invisible threats.

One of Gayoom’s most damaging legacies is that a paranoid Maldives found itself among the top ten countries in the world noted for religious intolerance, according to a study by the Pew Forum on Religion & Public Life published in 2009.

Employing religion to keep his citizens in check was a master stroke that ensured him a long reign, but Gayoom’s chickens came home to roost in the dying days of his regime when the democratic uprising threw up a medley of ultra-conservative mullahs who would take over the religious mantle from Gayoom.

Following the first democratic Presidential elections, the ultra-conservative Adhaalath Party assumed control of the newly created Ministry of Islamic Affairs, and took upon themselves the onerous responsibility of deciding who were the ‘true Muslims’ and what constituted ‘true Islam’.

It didn’t help matters that despite the freedom of speech granted by the constitution, the mainstream Maldivian media continues to exercise strict self-censorship when it comes to issues of religion and human rights.

The subject remains taboo among other public institutions and agencies as well, as evidenced by the statement released by the Maldivian Human Rights Commission yesterday on the occasion of Human Rights day, which glaringly omits any mention of minority rights or non-Muslim Dhivehin.

Speaking at a National Awards ceremony last month, President Nasheed gently rebuked his citizens for reacting ‘in a jihadi manner’ over the Navi Pillay controversy.

Instead, he exhorted the citizens to “have the courage to be able to listen to and digest what people tell us, what we hear and what we see”

President Nasheed would have done well to foster this spirit in his own government which, in the first few months after coming to power, shut down several websites that were allegedly critical of his then coalition partner, the Adhaalath Party.

Less than two weeks before he implored his citizens to have the courage to digest others’ opinions, President Nasheed’s government banned the blog of independent journalist Hilath who had been critical of Islamists in the government.

Even more startling was the reaction of his foreign Minister, Ahmed Naseem, to the controversy over Navi Pillay’s recommendations for doing away with degrading punishments.

“You cannot argue with God”, he said, in what was a clear surrender to the politics of bigotry.

The President would also do well to convey his ideas to his erudite Islamic Minister, Dr Abdul Majeed Abdul Baree whose response to the call for open discussion on the subject was merely, “No Muslim has the right to advocate against flogging for fornication.”

The Islamic Minister had also previously condemned the presence of commemorative monuments presented by participating nations in the recently concluded 17th SAARC summit in Addu.

Burning Bridges

The destructive outcome of emotive politics of hatred, strife and fear was clearly demonstrated by the hyper-paranoid religious vandals who burnt, damaged and stole multiple SAARC monuments because they allegedly depicted ‘idols of worship’.

One police officer on duty guarding the monument recollected being approached by hostile members of the general public asking why they were guarding “temples”.

The opposition parties, seeing political expediency even in the most unfortunate acts of xenophobic vandalism, quickly hailed the vandals as “national heroes”.

In a related incident, some MPs of the Progressive Party, including MP Ahmed Mahloof apparently hijacked a ferry in a valiant effort to save Islam from a banner hung at the International Airport, before they were intercepted by the Police and diverted to another island.

The offending banner at the airport depicted an image of Jesus Christ, a Buddhist chakra, and other religious motifs symbolising the religious diversity of South Asia, which the design consultants who came up with the concept said was in keeping with this year’s SAARC summit’s theme of ‘Building bridges’.

Notably, none of these MPs had anything to say on the young non-Muslim Maldivian man who hung himself from a tower at that very airport in July 2010, following immense pressure from family and state religious authorities after he, in his own words, “foolishly admitted (his) non-religious stance” to friends and colleagues.

If the 17th SAARC Summit proved anything, it is that building bridges is impossible when there are greedy political trolls ready to pounce on anyone willing to cross it.

Uphill struggle

It also appears that the Mullah and the MPs seem to be firm in their understanding that Islam has no room for thinking, no room for debate, no room for tolerance and no room for intelligence.

The seemingly endless series of ugly incidents and violence carried out in the Maldives in the name of Islam only reinforces the reputation of Islam as an intolerant, backward religion fit for narrow minded thugs who are incapable of dealing with 21st century realities or co-existing peacefully with the international community.

According to a March 2011 Universal Periodic Review Report for the Maldives, the Maldivian government had pledged to raise awareness and public debate around the issue of freedom of religion and religious tolerance.

The report states that “The Maldives commits to begin domestic awareness-raising and an open public debate on religious issues. Moreover… the Maldives requests international support to host, in 2012, a major international conference on modern Sharia jurisprudence and human rights.”

However, this may be a difficult task given the sense of over-entitlement prevalent among sections of the Maldivian public that, though it demands – nay depends – on foreign aid, income and expertise to keep their families clothed and fed, nevertheless scoffs at the very thought of having to fulfil any obligations to the international community at large.

When confronted by the UN Committee on the the Elimination of Racial Discrimination in August 2011 on the constitutional clause depriving non-Muslims of citizenship, the Maldivian delegation reportedly had this to say:

“It was not true that under the new Constitution existing citizens could be arbitrarily deprived of their nationality if they were to stop practicing Islam… The Muslim-only clause under the citizenship article of the Constitution only applied to non-Maldivians wishing to become naturalised.”

However, just one month later, the government published new Regulations under the Religious Unity Act of 1994, making it illegal to propagate any other religion than Islam, or to be in possession of any material or literature that contradicts Islam. Any violations of the regulations would carry a 2 to 5 year prison sentence.

In other words, as the silent protesters attacked in broad daylight yesterday learned, the struggle to achieve universal human rights in the Maldives is a seemingly impossible and uphill task that only keeps getting harder, thanks to the cesspool of paranoia, hatred and violence generated by a band of short-sighted politicians who are happy to abuse religion and opportunistic religious clerics who dabble in politics.

As with last year, where a motorcade of fundamentalists rode around the capital yelling loud anti-Semitic slogans about visiting Israelis, this year too the Human Rights Day has been marred by gloomy incidents of intolerance that only remind us of how the idea of mutual respect and civility still eludes us as a nation.

All comment pieces are the sole view of the author and do not reflect the editorial policy of Minivan News. If you would like to write an opinion piece, please send proposals to [email protected]

Likes(0)Dislikes(0)

Sri Lankan men sentenced for illegally importing alcohol in Reeko Moosa’s car

Three Sri Lankan nationals involved in the case concerning the discovery of hundreds of bottles of cheap alcohol in a car belonging to Maldivian Democratic Party (MDP) Parliamentary Group leader ‘Reeko’ Moosa Manik, have been sentenced to one year in jail.

The Criminal Court identified the three men as Isru Priyankara Disilva Nufehevage, Niroshan Don and Muhaidhee Mohamed.

The four  men were arrested in February last year, while loading 168 bottles of whiskey and menthol gin into a car registered to Moosa, on the same day controversial liquor licensing regulations were unveiled by the Ministry of Economic Development.

Moosa, who was in Singapore at the time of the incident, has maintained that his driver was bribed and the bottles were planted in his car to attack him politically.

Moosa observed at the time that television station DhiTV “has been showing the incident non-stop for 24 hours.”

“The last time I was in an advertisement for a liquid was with my brother in a television ad for Sun-Up,” he said, suggesting that he should now be paid royalties for every bottle sold.

According to the Sunday’s ruling, the expats – including Reeko Moosa’s driver – told the court that the alcohol bottles were “gifts” and that some other people were involved. However, the ruling stated that they were unable provide any evidence to back their story.

Deliberating on the evidence submitted to the court by Prosecutor General’s Office (PGO), the court charged the three men for illegally importing alcohol to Maldives and sentenced each if them to one year imprisonment.

According to the Criminal Court, importing alcohol without a license from the Ministry of Economic Development is prohibited under article 5(b) of Contraband Act of 1975.

Although three men were convicted, the main suspect identified as the leader of the group fled during the police investigation.

Likes(0)Dislikes(0)

Amana Takaful IPO fully subscribed

Amana Takaful ended its Initial Public Offering (IPO) with a full subscription and 800,000 shares floated to the public in parcels of 25 shares each, at Rf20 (US$1.3) per share.

The issued shares have been alloted and a list has been sent to the Maldives Securities Depository (MSD) to be deposited in the respective MSD accounts.

“Our intention was to help change the way the Maldivian stock market operates as this was the first time that Maldivians, expatriates and foreigners were able to purchase securities in a Maldivian listed company,” said Hareez Sulaiman, the General Manager of Amana Takaful Maldives PLC, in a press statement.

Amana Takaful is the first Shari’ah compliant insurance company listed in the Maldives. It first came to the Maldives from Sri Lanka in 2003 in concept-form, and was licensed to provide insurance in 2010.

The IPO launch received support from Capital Marketing Development Authority (CMDA), Maldives Stock Exchange and the Maldives Monetary Authority (MMA).

Likes(0)Dislikes(0)

Protesters calling for religious tolerance attacked with stones, threatened with death

Police are investigating a violent attack on a ‘silent protest’ calling for religious tolerance, held at the Artificial Beach to mark Human Rights Day.

Witnesses said a group of men threw rocks at the 15-30 demonstrators, calling out threats and vowing to kill them.

One witness who took photos of the attacked said he was “threatened with death if these pictures were leaked. He said we should never been seen in the streets or we will be sorry.”

Among those injured in the attack was Ismail ‘Khilath’ Rasheed, a controverisal blogger whose website was recently blocked by the Communications Authority of the Maldives (CAM) on the order of the Ministry of Islamic Affairs.

Rasheed suffered a head injury and was rushed to Indira Gandhi Memorial Hospital (IGMH).

“They started hitting us with bricks. They were aiming at our heads – we could tell they were serious and wanted to kill us,” Rasheed told Minivan News from hospital. “I was taken on a motorcycle to IGMH, but I could see them behind me still hitting my friends.”

Police Sub-Inspector Ahmed Shiyam said police attended the scene after the attackers had departed, and were currently investigating the cause of the violence. No arrests had yet been made, he added.

The protesters, calling themselves ‘Silent Solidarity’, had earlier issued a press release stating that their intention was to “make the Maldives and the international community aware of the rising religious intolerance in the Maldives, and to condemn the Constitutionally endorsed suppression of religious freedom. We also denounce the increasing use being made of Islam as a tool of political power.”

“Silent Solidarity will be protesting against discrimination of all races, gender, sexual preferences and religious beliefs and supporting freedom of thought and expression. In our silence, we speak volumes,” the group’s statement said.

The Maldives has come under increasing international scrutiny following an apparent rise in religious intolerance.

Several monuments gifted to the Maldives by other SAARC countries during the recent summit in Addu have been defaced or stolen on the grounds that they are idolatrous. Islamic Minister Dr Abdul Majeed Abdul Bari has condemned the monuments while the opposition has hailed the vandals as “national heroes”.

Protests also erupted last month after UN High Commissioner for Human Rights Navi Pillay spoke in parliament calling for the government and the judiciary to issue a moratorium and debate on flogging as a punishment for extra-marital sex.

“This practice constitutes one of the most inhumane and degrading forms of violence against women and should have no place in the legal framework of a democratic country,” Pillay said.

“The issue needs to be examined, and therefore I called for a countrywide discussion. It is much better if the issue is transparent and debated.”

Pillay also stated that requirement under the Maldivian constitution that all Maldivians be Muslim ”is discriminatory, and does not comply with international standards. I would urge a debate again on the issue to open up entrance of the constitution to all.”

Challenged by a local journalist that the Maldives was both obliged to protect the religion of Islam, she replied: “You have a constitution which conforms in many respects to universal human rights. Let me assure you that these human rights conform with Islam.”

She added that the Maldives had signed international treaties that are legally-binding obligations, “and such a practice conflicts with these obligations undertaken by the Maldives.”

The following day protesters gathered outside the UN building, carrying placards stating “Islam is not a toy”, “Ban UN” and “Flog Pillay”, and called on authorities to arrest the UN High Commissioner.

MPs roundly condemned Pillay’s statements.

‘”What we should be worried about holding discussions against the fundamentals of Islam in a 100 percent Muslim country such as the Maldives is that we may start questioning about worshipping God Almighty tomorrow,” said opposition Dhivehi Rayyithunge Party (DRP) MP Dr Afrashim Ali.

Ruling Maldivian Democratic Party (MDP) MP Mohamed ‘Colonel’ Nasheed said the Maldives “will never ever open doors for religions other than Islam in the Maldives. We’ll not give the opportunity to speak against the fundamentals and principles of Islam in the parliament.”

MP Riyaz Rasheed, from the opposition-aligen Dhivehi Qaumee Party (DQP) condemned the Speaker Abdulla Shahid from allowing Pillay to complete her address.

“There is a good chance for us to directly say that Abdulla Shahid has made a good deal with this government to wipe out the religion of Islam from this country,” MP Rasheed said.

President Mohamed Nasheed has meanwhile said that Maldivians “should have the self-belief and resolve not to have our faith shaken by listening to statements or opinions expressed by others.”

“That the punishments and rulings of Islamic Sharia are not inhumane is very clear to us,” Nasheed said. “We have the opportunity to show the whole world how noble and civilised Sharia is. That is because we are the only Islamic nation with a democratically-elected government.

“Wasting that opportunity in a Jihadi spirit” with the claim of “defending Islam” was unacceptable, Nasheed said. “Opposition parties will always attack us by using religion as a weapon. [But] I believe that this country is the only Islamic nation where Islamic Sharia has been practiced uninterrupted for 700 years.”

Religious sentiment in the Maldives can often be vocal and heated, but has rarely led to physical violence.

In late May 2010, well-known Islamic preacher Dr Zakir Naik visited the Maldives and delivered a sermon in the capital Male’. During a question-and-answer session 37 year-old Mohamed Nazim stood up and declared himself “Maldivian and not a Muslim”.

Nazim’s declaration angered the 11,000 strong crowd, and he was escorted from the venue by police and officials from the Ministry of Islamic Affairs amid calls for his execution.

After two days of religious counselling in police custody, Nazim appeared before television cameras at an Islamic Ministry press conference and gave Shahada – the Muslim testimony of belief – and apologised for causing “agony for the Maldivian people” and requested that the community accept him back into society.

In July 2010, 25 year-old air traffic controller Ismail Mohamed Didi was found hanged from the control tower of Male’ International Airport in an apparent suicide, after seeking asylum in the UK for fear of persecution over his stated lack of religious belief.

“Maldivians are proud of their religious homogeneity and I am learning the hard way that there is no place for non-Muslim Maldivians in this society,” Didi wrote in a letter to an international humanitarian organisation, prior to his death.

Likes(0)Dislikes(0)

Greenpeace leader expelled as Durban talks overtime

Greenpeace International Executive Leader Kumi Naidoo was peacefully expelled from discussions along with several dozen protestors calling for decisive action at the United Nations’ Climate Change conference at Durban, which extended into overtime today.

Naidoo had led an occupation of the hallway outside the convention center’s plenary room; the center was officially deemed UN territory for the duration of the talks.

The occupation began several hours prior to Naidoo’s removal when the Maldives’ Environmental Minister Mohamed Aslam joined Naidoo and approximately 100 youth calling for immediate action on climate change.

According to a rush transcript issued by website democracynow.org, Aslam addressed the crowd with the following words during a call-and-response demonstration:

“You need to save us. The islands can’t sink. We have our rights. We have a right to live. We have a right for home. You can’t decide our destiny. We will have to be saved.”

Minivan News was unable to reach the minister at time of press.

Speaking to journalists after being removed from the area, Naidoo said the talks were heading towards a “completely unacceptable” outcome.

“What we see here are baby steps. Baby steps is not what the situation calls for — it calls for fundamental change,” he told AFP reporters.

In an interview with CCTV News’ James Chau, Aslam and Naidoo were asked to comment on the conference’s progress.

“We’re nowhere there yet,” said Aslam, while Naidoo added more emphatically, “we are sleepwalking into a crisis of epic proportions.”

When asked about critics who oppose the reality of climate change, Aslam offered an invitation: “Come to the Maldives, have a look yourself.”

Naidoo said he wasn’t surprised at the developed world’s hesitancy to approve a new agreement.

“When you look at the amount of money that the fossil fuel companies in the US put into contaminating the global public conversation, it’s much much more than the GDP of Maldives,” he said.

Offering motivation, Naidoo said that many groups are lobbying in favor of climate change and that the issue would supercede other concerns, such as economic recession, in the long run. “The only race that will matter is not the space race or the arms race, its the green race.”

One of the leading debates at the conference has been whether developing nations should be held to the same standards as developed nations in cutting carbon emissions.

India, China and the USA have lately been viewed as roadblocks to the adoption of the European Union’s legally binding treaty on cutting carbon emissions, which would be signed by 2015 and come into force by 2020.

The treaty is designed to build on earlier agreements under the Kyoto Protocol, due to expire at the end of 2012.

India’s environment minister Jayanthi Natarajan today criticised developed countries for resisting binding agreements while pressuring developing nations to address climate change.

“I was astonished and disturbed by the comments of my colleague from Canada who was pointing at us as to why we are against the roadmap,” she was reported saying by the Press Trust of India. “I am disturbed to find that a legally binding protocol to the Convention, negotiated just 14 years ago is now being junked in a cavalier manner.

“Countries which had signed and ratified it are walking away without even a polite goodbye,” she said. “And yet, pointing at others.”

EU Climate Commissioner Connie Hedegaard has expressed concern over the prolonged discussions, but said there was still a chance of an agreement.

“Now it’s not the first time in a COP that [by] Thursday night you’d not have the deal,” she told Voice of America. “So that is why I emphasise there still is time to move and I must say there have been a lot of constructive talks.”

The EU has issued a joint statement with a grouping of the Least Developed Countries (LDCs) and the Association of Small Island States in support of the EU proposal and requesting ambitious action from other countries.

The conference, which began on November 28 and was scheduled through December 3, is attended by 194 nations.

Likes(0)Dislikes(0)

Children, disabled and elderly unprotected: Human Rights Commissioner

The Maldives’ Human Rights Commissioner Mariyam Azra today said the country needed to improve its enforcement of those rights given to all world citizens under the Universal Declaration of Human Rights, drafted over two years between 1947 and 1948.

December 10 marked International Human Rights Day. The declaration was adopted and proclaimed by the United Nations General Assembly, and is the most translated document in modern history – it is available in more than 360 languages with more translations being added on a consistent basis.

In a statement released on Saturday, Azra said human rights are undeniably given to individuals, groups, and entire societies.

“The state should take particular care in enforcing the rights of children, the elderly and disabled as well as to concentrating on the general condition of the society,” the statement read. Poor education and domestic troubles including divorce and poverty are among the obstacles preventing children from realising their full potential.

Azra also observed that political and economic divisions needed to be overcome to create a more open and accessible society for the next generation.

Rights within the home were recently addressed during “World Day for Prevention of Child Abuse“, and UNDP followed up with “Did You Know?“, a public event to raise citizens’ awareness of their civil rights and how to exercise them in the Maldives’ democracy.

Speaking to Minivan News at the time, Human Rights Commission Maldives (HRCM) Commissioner Tholal attributing misconceptions of human rights in the Maldives to social instability. “There’s this idea that if a prisoner has rights, it’s at someone else’s expense. But human rights are not about protecting one person’s rights and not another’s.”

Tholal expected that public understanding of human rights would improve as the country adapted to the many change it has weathered since the government took office in 2008.

Azra said further measures were needed to guarantee given rights after declaring that children, elderly and disabled were not protected under any coherent system. She said the government has a wide responsibility to promote human rights by providing shelter and medical care, among other social services. According to the statement, the cost of ignoring these services is high.

Azra also reminded the government of its duty to ensure the humane treatment of expatriate workers, a demographic that has received attention for being widely abused and inappropriately imported at alarming rates.

Events are being held world wide in honor of International Human Rights Day. In a statement, the British High Commissioner to the Maldives and Sri Lanka said that while the declaration was “signed in a very different world to the one we live in today”, the core values remain the same across the region.

Social media, he said, is an important means for guaranteeing that world citizens are informed, protected, and able to promote human rights on all levels.

In a recent case, the Maldives rejected UN Human Rights Chief Navi Pillay’s request that the government issue a moratorium on flogging. As a debate grew over terms of human rights and religious integrity within a Muslim country, Tholal made the following observation:

“The key thing for the public to understand is that the Maldives is a 100 percent Muslim country,” he said. “The rules and regulations that this status calls for can exist within the framework of human rights. They’re not incompatible. If anyone says otherwise, they negate the mission of the HRC. The idea that human rights are compatible with Islam, and the constitution, needs to be accepted by the people.”

Likes(0)Dislikes(0)

India’s 3-1 win “bad luck for us”, says Maldives coach

India has defeated the Maldives 3-1 in the semifinals of the South Asian Football Federation (SAFF) championship, securing its place at the finals of the ongoing Championship Tournament.

The Maldives equalised an early goal from the India side, with Shamweel Qasim scoring in the 60th minute.

However India regained the lead after the Maldives brought down India’s Sunil Chhetri in the penalty area, losing the penalty and allowing India to pull ahead in the 70th minute.

Chhetri scored India’s third goal during injury time, cementing a victory for India that will see it playing Afghanistan in the final, following the latter’s 1-0 victory over Nepal.

Maldives’ coach Istvan Urbanyi said India was “lucky to have won the match.”

“The Indian coach said that the team which made less mistakes will win the tournament. But I said luck is very important. It was 1-1 deadlock and then India got the penalty and we had enough chances to restore parity again but we could not. So it was bad luck for us,” Urbanyi said, following India’s win.

“I had said the team which has extra quality players will win the tournament and my side has more quality players. But bad luck for us.”

Likes(0)Dislikes(0)

GMR shares dip on back of Civil Court ruling against airport development charge

GMR shares on the Mumbai stock exchange fell 7.57 percent on Thursday on the back of a Civil Court ruling in the Maldives against its proposed US$25 Airport Development Charge (ADC), India’s Economic Times reported.

The paper earlier reported that the share slip had taken the company to a 52-week low, and that that the decision could leave the airport development project facing an annual funding shortage of US$25 million.

GMR said yesterday that it had yet to receive a copy of the Civil Court’s judgement and was only aware of the ruling through media reports.

“We are yet to receive the copy of the judgment and as such we are not in a position to evaluate the implications of the ruling,” the company said in a statement.

“GMR has been permitted to collect ADC and Insurance charge under the Concession Agreement signed between GMR-MAHB, Maldives Airport Company Limited (MACL) and The Republic of Maldives (acting by and through its Ministry of Finance and Treasury), and as such has set up processes for ADC collection from 1st January 2012 supported by an information campaign to ensure adequate awareness,” the company said.

“The bid for the Concession to manage, develop and operate Ibrahim Nasir International Airport for 25 years was conducted by the [World Bank’s] International Finance Corporation (IFC) and the component of ADC was part of the bid. GMR is confident that Government of Maldives will take such measures as would be necessary to honour its contractual obligation in this regard, given that the success of the development of the airport project is of national economic importance.”

The company noted that the payment of a development fee was “a common concept in many airports globally”, particularly as a part of concession agreements where airports are privatised.

“The reason for the inclusion of ADC in many global concession agreements is to address the funding needs to meet the investment model required to upgrade and develop new airport facilities at significant costs,” GMR stated.

The Civil Court ruled that the clause in the concession agreement with GMR violated the Airport Service Charges Act of 1978, which was amended in 2009 to raise the charge to US$18 for foreign passengers and US$12 for Maldivians above two years of age.

Judge Ali Rasheed Hussein ruled that the Airport Development Charge and insurance charge were service charges “under other names.”

He noted that the Airport Service Charges Act had been amended seven times to raise the charges since 1978 by the legislature, “based on the economic circumstances of the Maldives and the means of the public,” which showed that the purpose of the law was to ensure that enforcement agencies did not have the authority to raise the charges.

The suit was filed by the opposition-aligned Dhivehi Quamee Party (DQP), led by former Attorney General, Dr Hassan Saeed.

President Mohamed Nasheed’s Press Secretary Mohamed Zuhair said he believed the government was obliged to appeal the lower court ruling to in order to comply with the terms of the concession agreement.

GMR’s 25 year concession agreement to construct and manage a new US$400 million terminal (to be competed in 2014) is the single largest foreign investment in the history of the Maldives.

The strength of the IFC-monitored bid by the GMR-Malaysian Airports Holdings Berhad (MAHB), split 77:23 percent respectively, came from its US$78 million upfront payment (compared with US$27 million from the second-highest bidder) and in particular, its 27 percent sharing of fuel revenue (from 2014).

At the time, the government anticipated that 60 percent of government revenue from the airport deal would derive from fuel – US$74.25 million annually between 2015-2020, increasing to US$128.7 a year from 2025-2035. This in turn was the most significant element of the final ‘net-present-value’ calculations to determine the winning bid.

A briefing document obtained by Minivan News following GMR’s successful bid in June 2010 contained forecasts of the government’s expected earnings from the airport over the lifespan of the contract. It revealed that a majority of the predicted revenue, a major factor in calculating the NPV (net present value) used to determine the successful bid, derived from the 27 percent fuel revenue share once the airport is completed in 2014:

  • 2015-2020: 12.8m gross + 74.25m fuel = US$87.05m per year
  • 2020-2025- 17.02m gross + 90.99m fuel = US$108.01m per year
  • 2025-2035 – 20.43 gross + 108.27m fuel = US$128.7 m per year

The document contrasted this with the dividends paid to the government by MACL over the last three years, noting that the majority of the dividends paid in 2008-2009 were achieved “by taking a loan.” Dividends in 2007 were 2.3 million, 13.3 million in 2008, and 5.05 million in 2009.

On the suggestion that MACL should be allowed to raise finance and invest in the upgrade itself, a predicted US$300-400 million, the document noted that MACL “already has debts of Rf 600 million (US$46.69 million)” and would be unable to obtain further leverage “without a sovereign guarantee – simply not allowed due to the IMF measures.”

At the same time, GMR’s bid offered a significantly lower 10 percent share of gross airport revenue, as compared to the other two bids.

The only historic figures available to the government in estimating this revenue (a staid US$20.43 million by 2025-2035) were derived from the existing commercial revenue from the airport – usage fees, ground handling charges, duty free shop rents, and so forth.

Compared to the glittering Gucci-lined corridors of airports in tourist hubs such as Dubai, the airport’s 4-5 departure lounge shops and dilapidated eateries – some serving pot noodle – were a missed opportunity, given the bulging wallet of the average visitor to the Maldives.

Speaking at the opening of GMR’s cavernous Delhi Terminal 3, GMR Manager P Sripathi told Minivan News that the consortium was very interested in the well-heeled concourse traffic in the Maldives – sufficiently interested to invest a sum equal to almost half the country’s stated GDP at the time.

“It’s a lovely project. The type of tourists coming are from the very high-end tourism market, therefore the business opportunities are plenty,” Sripathi said at the time.

Minivan News reported in June 2010 that some of the investment was to be recovered through a US$25 airport development charge, set by the government for all bidders to be levied only on international travellers at time of departure and added to ticket prices.

Likes(0)Dislikes(0)