Government paying Grant Thornton £4.6 million to halt STO oil trade investigation

Minivan News understands from a source familiar with the matter that the government paid an initial GBP£1.5 million (US$2.4 million) on 24 April 2013, with the remaining amounts to be paid in monthly installments of GBP£300,000 (US$476,000) each.

US government pledges US$9.7 million for Maldives climate change adaptation, election preparations

Under the memorandum of understanding signed yesterday between the US and Maldives governments, USAID will provide US$7.2 million for a global climate change adaptation project, and US$2.5 million as technical assistance for election preparations.

Bank of Maldives reportedly resolves US$58 million debt chase out of court

Mahandhoo and Kabalifaru had appealed a High Court verdict upholding a Civil Court ruling – issued almost three years ago – ordering the companies to settle the debt. Lawyers from the companies and BML told presiding Supreme Court Justice Ali Hameed that a settlement had been reached out of court.

Two-thirds of Maldivians back moratorium on flogging: survey

The survey, the first of its kind to be conducted in the Maldives, also found an “overwhelming” 92 percent of Maldivians believe that laws and systems to protect women from sexual assault should be reformed.

Health Trust Fund fundraising events raise over MVR 5.5 million (US$357,142)

Following a week of fundraising events the Health Ministry has raised over 5.5 million MVR (US$357,142) for the Health Trust Fund established in late April, falling short of the MVR 270 million (US$ 17,532,450) needed for health sector services.