Government debt reaches $553 million, a third of GDP
The government is heavily indebted and faces financial difficulties, President Nasheed reiterated in his address to the Majlis.
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MTDC agrees to pay Yacht Tours $3.5 million to end court dispute
MTDC agrees to give $3.5 million to YTM and ends the long running dispute between the two parties
Sultans of the Sea ordered to pay US$50 million
The company will have to repay the defaulted loans through monthly installments of US$4.2 million for a year, ruled the civil court
Kolhufushi to undergo multi-million dollar make-over
The government will reconstruct this tsunami-ravaged island using the Abu Dhabi Fund
Contracts signed for regional transport networks
Contracts were signed today to establish transport networks in the Upper North and Upper South Provinces with high speed ferries. At a ceremony at Dharubaaruge, two contracts for 50 years each were signed with Trinus-CAE Holdings Pvt Ltd, a joint venture between a Maldivian company and a South African company. Speaking at the ceremony, Economic … Continue reading Contracts signed for regional transport networks
“Not easy to flush the remnants of a dictatorship,” Nasheed tells Daily Show
Former President Mohamed Nasheed has appeared on the Daily Show with Jon Stewart, a popular US current affairs program that averages two million viewers a night.
Indian state employees granted travel concessions on trips to Maldives
Senior government officials were reported as saying the move is expected to enhance tourism, and subsequently economic development, in the South Asian region.
Juvenile Court postpones order to summon HRCM members
The court has postponed summoning members of the Human Rights Commission of Maldives after the commission informed its members were unable to attend. They have been requested to clarify the details of a report which the court alleges misled the public with regard to its work.
Domestic fears of “inadequate” child protection linger as Maldives co-sponsors 22 UN rights resolutions
The Foreign Ministry said the Maldives has co-sponsored 22 resolutions relating to civil and human rights at this year’s UN Human Rights Council, despite lingering concerns over “inadequate” child protection measures employed domestically by successive governments.