Bank of Ceylon to provide loans for reclaiming land in Hulhumalé
Bank of Ceylon (BOC) has decided to provide a lon of USD 30 million to the Housing Development Corporation (HDC) to reclaim land in the island of Hulhumale’.
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Drug kingpin Shafaz appeals conviction at High Court
At the first hearing yesterday, Shafaz’s lawyer argued that Criminal Court trial had been conducted in a prejudiced and unfair manner. Shafaz was sentenced to 18 years last November.
PPM celebrates SEZ bill with fireworks
The SEZ bill “would bring unparalleled development” to the Maldives and accelerate development of the country’s rural atolls, said celebrating Progressive Party of Maldives MPs.
Construction begins on 300 flats for police
Construction work began last Thursday (August 21) on 300 flats for police officers in Hulhumalé.
Comment: #findmoyaameehaa
“Thursday night, two weeks ago, was the last time anyone saw Ahmed Rizwan Abdulla, 28-year-old journalist, blogger, human rights advocate and all-round great person,” writes Azra Naseem. “A lot—yet nothing—has happened since Rizwan was reported missing to the Maldives Police Service on 13 August.”
China pledged assistance for bridge project, says President Yameen
A joint economic council is to be formed between China and Maldives, Yameen revealed, after which a feasibility study would be conducted ahead of a Chinese contractor commencing construction of a bridge connecting the capital Malé and Hulhumalé.
Maldives’ economy hardest hit by climate change: Asian Development Bank
The report on climate and economics in South Asia released today said that the Maldives had the most to benefit from mitigation efforts, reducing economic losses caused from potential sea-level rises by more than two thirds.
President Yameen denies “impeding” Gasim’s businesses
While an agreement with Gasim’s Villa Air to manage and develop the Kaadehdhoo airport was terminated due to failure to maintain safety standards, Yameen said the government decided not to renew the lease of Laamu Baresdhoo because agricultural work was not done on the island in accordance with the agreement.
Government takes back Kaadedhoo airport, uninhabited island from Gasim’s Villa Group
In addition to terminating the airport agreement, the fisheries ministry has also decided not to renew the lease for Laamu Baresdhoo, which was leased to Villa for agriculture. The moves follow stringent criticism of the special economic zone legislation from JP Leader Gasim at yesterday’s sitting of parliament.