Tag archive

Maldivian economy

My President Is A Respected Economist, Says Maldivian Economic Development Minister In New Delhi!!!!

in News/Politics by

“President Yameen is a respected economist…,” this is how Minister of Economic Development Mohamed Saeed introduced his president at Maldives Investment Forum in the Indian capital New Delhi on Tuesday.

saeed


“President Abdulla Yameen is a respected economist under whose governance GDP and per capita income have improved, ” he went on to add while facing uncomfortable questions from reporters on the sidelines of the event.

However, the qualifications of Yameen – infamous as an increasingly autocratic President – are bachelor’s degree in Business Administration and a master’s degree in Public Policy, not exactly good enough to hail him as an economist!

yameen-qualification


And off late, Yameen has been accused of large-scale money-laundering and muzzling political voices with his strong arm tactics and misuse of the local courts.

But Saeed insisted that “he (Yameen) is a well-informed leader who is focused on  bringing social harmony through development and job creation” while avoiding pointed questions on eroded international image of his country.

The interaction with the reporters in New Delhi during the Maldives Investment forum came across as another embarrassment as ministers in the Yameen’s cabinet jump from one faux pax to another.

While asked about the corruption charges facing President Yameen, Saeed’s response came from a scripted note, which had no relation to the questions being asked to the minister.

Speaking on similar lines as his boss Yameen, Saeed also expressed the government’s collective desire to make the Maldives the next Singapore (interestingly something that Yameen’s half-brother and mentor Maumoon Gayoom does not approve!)

“We are not comparing the Maldives to Singapore… but it does translate into the desire to look up to Singapore,” Saeed said while he pitched for greater investment in the Maldivian tourism and infrastructure.

Contrary to the reports of World Bank that the Maldivian economy had slowed down in 2015 and  figures on fiscal deficits and public debt were sobering, Saeed claimed that in Yameen’s three-year tenure there was a steady growth in GDP and public debt has been fixed.

MUO’s Date With Ruling BJP In India, To Brief On Increasing Islamic Radicalisation Under Prez Yameen

in News/Politics by

The Maldives United Opposition, the rainbow coalition or the coalition-in-exile- which has come together to against the “dictatorial” regime of President Abdulla Yameen spent their first day in the Indian capital to make their point to the media.

MUO2


The second day, though, is where the real political dialogue begins, and where else to make a start but for the ruling party in power in India. So, they have a date with the Bharatiya Janata Party (BJP) on Friday where they meet General Secretary and Rashtriya Swayamsevak Sangh (RSS) point person Ram Madhav with a hope to enlighten the current government on the increasing Islamic radicalisation in the Maldives and the overt Chinese engagement with the present regime in the Indian Ocean archipelago.

The eight-member delegation of the shadow cabinet of Maldives United Opposition (MUO), which is on a three-day visit, will also brief the BJP leader the abuse of human rights in the country. “We are meeting Ram Madhav and other leaders of the BJP to seek greater Indian engagement on the current political scenario,” Hamid Abdul Gafoor, Maldivian Democratic Party spokesperson said.

2.Ram-Madhav-21The MUO said that they are hopeful that they will be able to cash the friendship with Madhav and get India “intervene” to overthrow the “authoritarian” rule of President Abdulla Yameen’s government.

“We met Ram Madhav in Columbo in February this year, when BJP formally joined the International Democratic Union (IDU) and we connected well during that meeting. Now that we are in Delhi, we are meeting him and hopefully few other leaders to seek more support,” Gafoor said expressing the wish to meet the Minister of External Affairs, Sushma Swaraj later in the day.

The delegation is most likely to highlight the issue of radicalisation and alleged involvement of President Yameen in funding the extremism in the meeting- which remains one of the major concerns for India.

The MUO has alleged that besides the obvious collapse of democracy and judicial system in the country, President Yameen is also involved in funding the radical groups in the country.

“Extremists are being funded by Sun Siyam who is a leader of Maldives Development Alliance, He is also a big time resort businessman. He owns the Sun Group. Yameen’s closest coalition partner and extreme radical activities are taking place in some of the atolls of the Maldives,” said Ahmed Naseem, former Foreign Affairs Minister of the Indian Ocean nation.

Shadow minister of Defence and National Security Abdullah Ameen said, “If India and the members of international community neglects us on this critical time, the results could be dangerous beyond imagination. The Indian Ocean might fall under unforeseen perils.”

“Today the friends of the Maldivian government are not its neighbours. Neither are they the close friends of India. For the safety and security of the region, we look for the support of India to rectify the course of Maldives,” Ameen said.

Without mincing words, he said, “We ask India to support the hard work of the Maldivians to bring back democracy to the Maldives.”

MUO india


Shadow minister of Health, Social Protection and Gender, Shidhatha Shareef, said the Maldivian economy has become the “second worst in the South Asia region, next to Afghanistan, with only 1.9 per cent growth”. She said while 40 per cent of the population of the Maldives is youth, 12 per cent of them are unemployed, according to a World Bank report.

The Indian Prime Minister Narendra Modi, on several occasions, has urged the countries around the world to stop advocating the concept of “good terrorism” or “bad terrorism” and come forward to unite against any kind of radicalisation.

Interestingly, Indian had also negotiated a counter-terrorism agreement with President Yameen to deal with the issue of Maldivians leaving for Syria and other countries to join the biggest terror group ISIS.

However, the MUO insists that the policies will remain just policies as President Yameen is not sincere in eliminating radical elements in the country and highly undermining the numbers.

“We believe in Narendra Modi’s ‘region first’ policy without reservation and we want to uphold the traditional friendship with India,” Naseem said.

The government officially announced that 49 Maldivians have left the country to fight foreign wars while the opposition claims the numbers to be more than 300. The MUO also urged the need to have a detailed profiling of the radicalised youth to ensure that it is stopped at first step.

The MUO is also likely to meet other stakeholders in the country before heading to the United States early next month.

5 Maldivian Products Of Trade One Must Buy

in Tourism by

Maldives, the last paradise on Earth, is more than just an island nation of the Indian Ocean. It offers a plethora of products that together facilitate and drive the economy of the Archipelago Island.

Many confuse the beauty of the island as the primary source of income for the small nation. However, it’s just not the blue lagoon, the corals and the extensive reef that generate the economy of the nation. According to the official data of the small nation, only 28% of the GDP is driven by the tourism sector. This is fairly low as compared to the trade practices that generate 68% of the GDP.

Maldivian economy is, to a large extent, driven by trading of 5 products – cowries, coir rope, dried tuna fish (Maldive fish), ambergris and coco de mer. Since ancient years, these products have dominated the sphere of economy and attracted the markets of the World for the major period of time.

Let’s have a look at the predominant products that facilitate the trade practices in Maldives:

COWRIES

cowries

Although the word “Cowry” alludes to the sea snails, however, in the Maldivian culture, the word “Cowry” or “Cowrie” pertains to the shell of the snails. In the case of cowry, the shell is often shaped like an egg and is really smooth as compared to other shells of the snail.

COIR ROPE

coir

Ever used a rope? Well, it is rather interesting to note that the rope is made from a fiber called coir. The material is extracted from the interior and the exterior of the coconut. Maldives is a primary exporter of coir rope.

DRIED TUNA FISH

dried tuna fish

The Maldivian Fish has an exquisite taste that titillates the taste buds like no sea food. Not just that, it specializes in exporting the dried finfish to all the fish markets across the world.

AMBERGRIS

ambergris

The word may seem difficult to comprehend but it’s something that is used in everyday lives. Ambergris is basically a marine odour that is derived from the intestines of the Sperm Whales. It mostly used as musk for fragrances and perfumes. Maldives produces large amount of perfumes that are exported across different regions.

COCO DE MER

coco de mer

Also called the Sea Coconut or the Double Coconut, Maldives is one of the major exporters of this product. It is not an ordinary coconut. It is used as an ingredient in making ayurvedic medicines or developing Chinese medicines.

Go to Top