Company sources have confirmed that the economic council’s decision was made last month, informing the Indian firm that issues with the city council and a desire to use a state-owned company had influenced the decision.
“Government officials are spreading falsehoods to reduce investor confidence with the aim of obstructing Addu City Guesthouse Venture,” alleged the city council.
The first talks under the 2009 Trade and Investment Framework Agreement included discussion of labor, intellectual property, and the investment climate.
The Employment Tribunal has ordered MACL to pay MVR 987,000 in damages to 40 staff for discrimination in basic salaries in the first class action suit of is kind in the Maldives.
Tourism Minister Ahmed Adeeb has told local media that a team of Chinese surveyors will arrive in the Maldives this week following the MoU signed during President Xi Jinpeng’s visit last month.
Foreign workers in the Maldives will require an exit permit signed by their employer before being allowed to leave the country. Local NGOs have expressed concern at the scheme’s potential for abuse.
The Economic Council said the state wholesaler will move out of retail business and focus solely on importing fuel, food staples, and pharmaceuticals to encourage private businesses.
Addu City Council today handed over 29 plots of privately owned land to Indian SG18 Realty for the development of 250 beds as part of the southern atoll’s expansion into the mid-market tourism sector.
“Maldives is now positioned to seize the market opportunity created by China’s increasing demand for luxury outbound travel,” said the MMPRC.