The move comes days after Gasim predicted that Villa’s accounts could be frozen ahead of Monday’s no-confidence vote against the speaker of parliament.
Gasim had predicted that the high court would rule against Villa. “It looks like a big wave is building, looks like they are going to freeze all the accounts of Villa Shipping company again,” he said Sunday night.
The judgment comes in spite of a Singaporean arbitration tribunal awarding US$26 million in damages to Hilton for Sun Travel’s abrupt termination of the Irufushi management agreement in May 2013.
Developing an airport on the northern island of Kulhudhufushi is a campaign pledge of President Abdulla Yameen. But environmentalists have previously warned that it would destroy the island’s environmentally sensitive wetland area.
Saudi Arabia is also funding a grand mosque in Malé that can accommodate 6,000 worshippers. Last week, the housing ministry awarded the US$24 million project to Turkish company Alke-Turmaks.
The price of a pack of cigarettes has shot up from MVR48 (US$3.11) to about MVR75 (US$5) after the import duty hike from MVR1.25 to MVR2 per cigarette came into effect. The price of a single cigarette is up from MVR2.50 to about MVR4.
President Abdulla Yameen launched Monday morning a US$400 million project awarded to China’s Beijing Urban Construction Group to build a new runway at the Velana International Airport.
The high court overturned a lower court order halting the tourism ministry’s takeover of the Kaadehdhoo airport in Gaaf Dhaal airport.
According to state media, the jobs fair in Hulhumalé was organised by the economic development ministry and the state-owned Housing Development Corporation at the behest of First Lady Fathmath Ibrahim, who is overseeing the president’s re-election campaign.
The apex court declared that Judge Mariyam Waheed has “lost the legitimacy, legal capacity, and authority” to remain on the bench after she ruled against the government in a long-running dispute over the lease of Vaavu Bodumohora for resort development.
The suspension came after more than 60 Maldivian staff signed a petition demanding that the management lifts the suspension of a staff member accused of leaving without permission during duty hours.
The agreement with the Reserve Bank of India was the Maldives’ first currency swap deal.
The rules were aimed at alleviating a persisting dollar shortage and tackling an entrenched black market.
Former Auditor General Niyaz Ibrahim has suggested that the government is planning to “bury” the scandal-ridden Maldives Marketing and Public Relations Corporation and replace it with the new tourism promotion company.
Expressing concern over declining revenues, MATI called on the government to increase destination marketing activities.
A civil court judge has granted a stay on the seizure of a domestic airport leased to Jumhooree Party leader Gasim Ibrahim’s Villa Group.
The president described the project as a township or an integrated development project involving various industries and open to travellers from all over the world.