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A digest of news and opinion from the Maldives.

2017

Loans and hospital blamed for depleted reserve

Loans and hospital blamed for depleted reserve

2 min read

The Maldives’ foreign currency reserve declined during the third quarter of 2017 due to loan repayments and expenditure related to the development of a new hospital in Malé. Usable reserves amounted to US$191 million during the quarter, enough for about a month of imports, according to a quarterly economic bulletin released by the Maldives Monetary […]

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Gasim reassures coalition partners after Umar Naseer causes rift

2 min read

Jumhooree Party leader Gasim Ibrahim has sought to reassure coalition partners that former home minister Umar Naseer joining the party would not cause divisions within the opposition alliance. “Relations in the coalition that the JP joined to bring the Maldives to the path of reform will not be affected because a particular individual joined JP […]

Heavy rain causes flooding on four islands

Heavy rain causes flooding on four islands

1 min read

Heavy rainfall on Monday caused flooding and damage on four islands throughout the Maldives. According to the police, flooding was reported on the islands of Maalhos in Baa atoll, Isdhoo in Laamu atoll, Villigili in Gaaf Alif atoll, and Gadhdhoo in Gaaf Dhaal atoll. Police officers worked with island councils to pump and drain floodwaters, […]

Court orders military to reinstate sacked officer in 45 days

Court orders military to reinstate sacked officer in 45 days

2 min read

The civil court Thursday gave the military 45 days to comply with a previous order to reinstate a senior officer who was unfairly dismissed after President Abdulla Yameen’s inauguration in November 2013. Sergeant Major Naushad Ali was among nine high-ranking officers fired over accusations of sowing discord within the military ahead of the 2013 presidential election. The […]

Anas murder suspects plead not guilty

Anas murder suspects plead not guilty

2 min read

Five out of seven suspects standing trial for the murder of Mohamed Anas pleaded not guilty at the criminal court on Monday. Usman Shareef, 23, Ahmed Zayan, 19, Mohamed Shaz, 21, and Afrah Abdul Razzaq, 21, are accused of carrying out the murder while Junaih Abdulla, 19, Hassan Mahfooz, 22, and Simah Moosa, 23, were charged with aiding and […]

China Maldives FTA signing

China arm twists Maldives into signing a free trade agreement

4 min read

Hong Kong [China], Dec 19 : President Abdulla Yameen’s rush to sign a Free Trade Agreement (FTA) with China during his recent visit to Beijing without following constitutional/legal norms has generated considerable anti-China sentiment in the Maldives. The lopsided nature of the FTA, loaded as it is heavily in favour of the Chinese, would adversely […]

Minister Saeed

Maldives promises high returns to foreign investors

4 min read

Island country spending heavily on infrastructure development in quest to look beyond tourism, minister says DUBAI: Apart from the serene beaches and blue lagoons, Maldives is sending a message to the world: It’s open for business. Through presenting its multi-million projects to further develop the infrastructure, mainly the international airport, the South Asian Island country […]

The Maldives is open for business – Vice President – Press Releases

3 min read

Reiterating the commitment attached by this administration to ensure the security and success of foreign investments, Vice President Abdulla Jihad has welcomed foreign investors to make their bid in the Maldives. He made this statement following the inauguration of the 4th Maldives Investment Forum held in Dubai this morning. The 2017 Maldives Investment Forum (MIF […]