“Of the 84 islands leased for resort development, only 10 have been completed while 74 have not,” says MP Mohamed Mujthaz, presenting the amendment bill to parliament today, which would offer new resorts a two-year “construction period” with suspended rent.
As India and Pakistan each celebrate their 64th anniversary of independence, Yameen Rasheed reflects on the journey of both nations and the state of each in the world today.
Former opposition colleagues question MDP MP Ali Waheed’s ability to afford a Rf4.6 Million beachfront property on his MP’s wage.
The Maldives Inland Revenue Authority (MIRA) has collected over Rf125 million (US$8.1 million) in outstanding debts owed to the state during its first year of operation.
The Indian government gifted US$5 million to Maldives today to assist preparations for the upcoming SAARC (South Asian Association for Regional Corporation) summit due to place November in Addu City. The US$5 million aid was officially handed over to Foreign Minister Ahmed Naseem at a ceremony at the President’s Office this afternoon by Indian Minister … Continue reading India gifts US$5 million for SAARC summit
An ongoing police investigation into labour trafficking in the Maldives has uncovered an industry worth an estimated US$123 million, eclipsing fishing as the second greatest contributor of foreign currency to the Maldivian economy after tourism.
Opposition DRP MP Dr Abdulla Mausoom meanwhile argues that political appointees in the executive is “just the tip of the iceberg” as “senior posts in corporations created for MDP activists” were not included in the official figures.
Bilateral trade between China and the Maldives reached US$64 million last year, on the back of a boom in Chinese tourist arrivals, up 56 percent on 2009, writes Liao Zhengjun for the Chinese newspaper The People’s Daily.
The Maldivian crew of the cargo ship Gateway Prestige have gone on strike, claiming to be owed Rf 1 million (US$64,800) for two years of unpaid salaries.