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Business

News in Brief

  • Assault victim’s leg amputated
  • Five member committee appointed to oversee MJA election
  • Law amended to prevent passports being held without court orders
Immigration detains 58 migrant workers in Laamu Gan thumbnail

Immigration detains 58 migrant workers in Laamu Gan

“This operation will continue, that was the number of people we could transport yesterday. As soon as we get seats from a boat traveling to Malé, more people will be taken in,” said Laamu Gan Council President Ahmed Salah.


Maldives off US State Department trafficking watchlist thumbnail

Maldives off US State Department trafficking watchlist

After four years on the list, the Maldives has avoided relegation to the bottom rung of the benchmark rankings after introducing anti-trafficking legislation last year. The report, however, notes that the country has yet to comply with minimum standards.


MDP to sue former President Waheed for defamation, damages over GMR airport deal cancellation thumbnail

MDP to sue former President Waheed for defamation, damages over GMR airport deal cancellation

“Dr Mohamed Waheed Hassan Manik and his coup partners had spread falsehoods concerning the GMR agreement, fostered hostility and antagonism towards the MDP among the public, and attempted to defame this party,” suggested the main opposition party.


GMR wins arbitration case, tribunal deems airport deal was “valid and binding” thumbnail

GMR wins arbitration case, tribunal deems airport deal was “valid and binding”

“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.


Dredging International NV awarded US$50 million Hulhumalé reclamation project thumbnail

Dredging International NV awarded US$50 million Hulhumalé reclamation project

The reclamation of a further 240 hectares of land for the artificial island will commence within two months, with the project – intended to increase the island’s capacity to 100,000 people – expected to be concluded by December 2015.


World Bank predicts positive outlook for Maldivian economy in 2014 thumbnail

World Bank predicts positive outlook for Maldivian economy in 2014

The World Bank’s global economic prospects report warned, however, that impending El Niño weather conditions could be “a key medium-term risk” for growth in the South Asia region.


MATATO expresses concern over airport outsourcing deal thumbnail

MATATO expresses concern over airport outsourcing deal

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.


SEZ bill designed to incentivise investment, says Economic Development Minister thumbnail

SEZ bill designed to incentivise investment, says Economic Development Minister

According to draft legislation, investors in nine zones across the country will be exempt from paying many import duties as well as business profit tax, withholding tax, and GST for a 10-year period. The government hopes the move can lessen the nation’s dependence on tourism.


Maldives and UAE sign customs agreement thumbnail

Maldives and UAE sign customs agreement

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.


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Torture victims in the Maldives tell their stories