We have altogether 20 guest houses in Maafushi now, and 144 rooms…Assuming average duration of stay is 4 days, that’s 17,000 guests per year. With conservative estimates and past revenue records, it is estimated that about $9.7 million will enter the local Maafushi economy.
The opposition Maldivian Democratic Party (MDP) is against the government’s plans to reintroduce the tourism bed tax and hike the Tourism Goods and Services Tax (T-GST) from eight to 12 percent, the party’s parliamentary group leader Ibrahim Mohamed Solih has said.
The Tourism Employees Association of Maldives has confirmed that the majority of Maldivian staff at the One & Only Reethi Rah resort have gone on strike following the management’s failure to discuss allegations of unequal pay and benefits.
The new campaign aims to cut operational costs by MVR 50 million in 2014 (US$ 3,242,542).
Government guarantees for India’s GMR and Heavy Load were issued without the President’s permission in contravention of the Public Finance Act, the Auditor General has said.
“I requested President Yameen to amicably settle the issue of Male International Airport and address the problems that some of our investors are facing.” Manmohan Singh said.
Abdulla Jihad has maintained that proposed measures to raise MVR3.4 billion remain the greatest obstacle to realising the government’s 2014 budget plans. Meanwhile, the Majlis has today been asked to approve government loans worth MVR814 million.
Short-term budget financing measures of selling T-bills and printing money pose risks such as the devaluation of the Rufiyaa, while unpaid bills could disrupt basic services such as electricity, the report warned.
The Maldives has been awarded the title of “World’s Leading Island Destination” at the 2013 World Travel Awards Grand Final hosted at the La Cigale Hotel in Doha, Qatar last week.