“It has always been our firm belief that the cancellation of our concession agreement amounted to wrongful repudiation by the Government of Maldives and the Tribunal has upheld this standard,” said GMR Company Secretary C.P. Sounderarajan.
After an acrimonious split and subsequent defections of party members, the JP leader says he is happy to negotiate with President Yameen, suggesting that he does not feel the coalition agreement had been terminated.
Home Minister Umar Naseer has returned to the Maldives from an official visit to the Netherlands, though police have made no move to arrest the minister as per a Criminal Court arrest warrant.
Nominated alongside destinations including the Seychelles, Italy, and Mexico, the Maldives was named best destination for the second year running while Tourism Minister Ahmed Adeeb won an outstanding achievement award.
Total revenue collected by the Maldives Inland Revenue Authority (MIRA) in May increased 59.9 percent compared to the same period last year.
The Maldives Association of Travel and Tourism Operators warned of harm to both customers and local businesses should an exclusive deal to outsource private terminals and aeronautical services at INIA go ahead.
The Maldives has signed a customs agreement with the United Arab Emirates (UAE), which will result in the removal of trade barriers, UAE media has reported.
Tourism growth continues to be driven by Chinese arrivals, shows the latest MMA figures, while details of a meeting between President Yameen and the World Bank show plans for a national fiscal consolidation strategy.
Rising stars Rock Paper Scissors have shown that through a combination of talent and hard work just about anything is possible, as they officially launched their first album ‘Mindfunck’d’ last night.