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Business

News in Brief

  • Man arrested for sexually abusing underage boy
  • Fuvahmulah man dies after fall from tree
  • India – Maldives Friendship Festival kicks off
Three dismissed in ongoing strike at Palm Beach Resort thumbnail

Three dismissed in ongoing strike at Palm Beach Resort

Three senior staff at Palm Beach Resort in Lhaviyani Atoll have been dismissed after 50 staff staged a strike over alleged discriminatory polices at the resort.


Court overrules government on lagoon development joint venture thumbnail

Court overrules government on lagoon development joint venture

An agreement was signed between Prime Capital and the Maldivian government on January 18, 2013 to lease the Fushidhiggaru lagoon for a 50-year period.


Maldives to boycott Israeli products, annul bilateral agreements thumbnail

Maldives to boycott Israeli products, annul bilateral agreements

“President Yameen and the Maldivian citizens are with the Palestinian people”, said Foreign Minister Dunya Maumoon, revealing plans to boycott products, annul bilateral agreements, and to condemn the offensive in the UN Human Rights Council.


Housing Ministry to resume stalled Tata housing project thumbnail

Housing Ministry to resume stalled Tata housing project

The government has agreed to give back the vacant ‘Naadhee’ plot in Malé to Tata and approve construction on the site.


Court rules in favour of Medianet in World Cup rebroadcasting dispute thumbnail

Court rules in favour of Medianet in World Cup rebroadcasting dispute

Medianet had sued the commission after MBC ordered the company to halt rebroadcasting matches on channels Sony Six, Sony Six HD and Sony Pix pending an inquiry, insisting that only TVM and VTV were authorised to broadcast matches. The Civil Court however ruled that the commission had not followed due process.


Auditor General questions valuation of assets of state-owned enterprises thumbnail

Auditor General questions valuation of assets of state-owned enterprises

The Auditor General’s Office has questioned the valuation of the assets of the Thilafushi Corporation Ltd (TCL) and State Electricity Company (STELCO) in audit reports of the state-owned enterprises for 2013. The audit office was also unable to determine “the physical existence” of a tug boat commissioned by the Maldives Ports Ltd (MPL) for MVR24 million.


Government lacks vision or policy for fisheries, says MDP thumbnail

Government lacks vision or policy for fisheries, says MDP

The government lacks any policy or vision for the fisheries sector, the MDP has said, claiming the fisheries sector has been in decline since the party’s ouster in 2012.


Tourist arrivals reach half a million in 2014 thumbnail

Tourist arrivals reach half a million in 2014

The Maldives welcomed a total of 518,166 guests from January to May 2014 with Europe remaining the market leader with 48.3 percent. However, the Asia and Pacific region overtook Europe in the month of May with 55 percent of arrivals or 50,354 tourists.


MATATO backs guest house island policy thumbnail

MATATO backs guest house island policy

“MATATO would like to urge its members to participate in this development opportunity, as it would allow them to grow from mere travel agency businesses to property owners within the process of vertical integration of a travel agency,” said the industry association.


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Torture victims in the Maldives tell their stories