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News in Brief

  • Survey team for Malé-Hulhulé bridge arrives in Maldives
  • Maldivian judge re-elected for second term on UN anti-torture subcommittee
  • Elections Commission announces official results of Kolhufushi by-election
Maldives’ economy hardest hit by climate change: Asian Development Bank thumbnail

Maldives’ economy hardest hit by climate change: Asian Development Bank

The report on climate and economics in South Asia released today said that the Maldives had the most to benefit from mitigation efforts, reducing economic losses caused from potential sea-level rises by more than two thirds.


China lends Maldives 100 million Yuan as free aid thumbnail

China lends Maldives 100 million Yuan as free aid

An additional agreement was made to provide the Maldives Police Service with 150 motorcycles, while the grant aid – equivalent to MVR250 million or US$16 million – is to be used for developmental projects in the Maldives.


President seeks Chinese free aid for Hulhumalé bridge project thumbnail

President seeks Chinese free aid for Hulhumalé bridge project

The government is seeking free aid from the Chinese government to finance ” a large portion” of a project for the construction of a bridge connecting the capital Malé and Hulhumalé, said President Yameen prior to his visit to China.


JP and MDP MPs boycott committee reviewing SEZ bill thumbnail

JP and MDP MPs boycott committee reviewing SEZ bill

JP and MDP MPs boycotted parliament’s economic affairs committee today in protest of alleged procedural violations by the committee’s chair in his haste to complete reviewing the government’s flagship special economic zone (SEZ) legislation.


Foreign investments pose no threat to Islam or sovereignty, insists President Yameen thumbnail

Foreign investments pose no threat to Islam or sovereignty, insists President Yameen

The creation of special economic zones (SEZs) “does not mean casinos will be operated in the Maldives, and it does not mean the president would have more power than he should,” Yameen said last night, assuring that SEZs would be fully subject to Maldivian law and sovereignty.


Chamber of commerce vice president slams economic development minister thumbnail

Chamber of commerce vice president slams economic development minister

Vice President of the Maldives National Chamber of Commerce and Industry Ismail Asif has severely criticised Economic Development Minister Mohamed Saeed, questioning his “sincerity” and “competence”.


Tourist arrivals increase 9 percent in June thumbnail

Tourist arrivals increase 9 percent in June

The central bank also revealed government securities had risen 18 percent “contributed by the increase in the amount of T-bills issued by the government to manage its growing cash flow requirements.”


Finance minister fears spiralling deficit will leave civil servants without pay thumbnail

Finance minister fears spiralling deficit will leave civil servants without pay

“We can’t hold on like this for long, we must acknowledge that this is a very serious problem,” Abdulla Jihad told atoll council leaders in Malé today.


Maldives to begin oil exploration with assistance of research vessel thumbnail

Maldives to begin oil exploration with assistance of research vessel

Having journeyed to the Maldives to study the effects of global warming, the ‘Sonne’ will assist the government in a seismic survey for potential sources of oil and gas in the waters east of Laamu atoll.


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Torture victims in the Maldives tell their stories