An Echelon Media Company
Friday March 31st, 2023

The Maldives, a honeymoon haven in peril

AFP – Famed as an upmarket tourist destination of white beaches and turquoise waters, the island nation of the Maldives is troubled by political turmoil and rising sea levels.

– Indian Ocean paradise –

The country is a collection of 26 atolls made up of 1,192 tiny islands scattered 800 kilometres (550 miles) across the equator.

Only 200 islands are inhabited with the country’s population put at 340,000 in the last census but estimated at around 417,000 in 2016 by the World Bank.

Its 298 square kilometres (115 square miles) are home to about three percent of the world’s coral reefs.

Tourism is the principal income earner, providing 41 percent of gross domestic product (GDP) in 2016 and nearly 20 percent of jobs, the World Travel and Tourism Council says.

The archipelago’s beauty drew around 1.28 million tourists in 2016, a four-percent rise over the previous year, according to UN’s World Tourism Organization data.

It is a destination especially prized among honeymooners, such as Hollywood stars Tom Cruise and Katie Holmes who visited in 2006.

– Politically tense –

Maumoon Abdul Gayoom ruled with an iron fist for 30 years until 2008, when he lost the first multi-party polls to human rights activist Mohamed Nasheed.

Nasheed was forced to resign in 2012 after a police mutiny and demonstrations that he said were part of a coup plot.

In disputed elections the following year, he was defeated by Gayoom’s half brother, Abdulla Yameen, the current president.

In 2015 Nasheed was sentenced to 13 years in jail on a terrorism charge widely criticised as politically motivated.

In 2016 he was granted prison leave for medical treatment in London, where he secured political asylum with the help of high-profile human rights lawyer Amal Clooney.

While Nasheed continues to push for change from exile, Yameen declared a state of emergency on February 6 after judges ordered the release of his opponents.

– Threatened by rising seas –

Eighty percent of the Maldives is less than a metre above sea level, making it one of the countries most threatened by rising sea levels linked to climate warming.

In 2009 Nasheed held a cabinet meeting underwater to raise awareness of the risk, also warning his people could become climate refugees.

– Buddhist turned Muslim –

Situated along Indian Ocean trading routes and about 650 kilometres southwest of Sri Lanka, the Maldives has been colonised several times.

Once a Buddhist kingdom, it converted to Islam around the 12th century.

Portuguese explorers occupied the main island of Mahe in the 16th century. The territory then became protectorates of the Dutch and the British before complete independence on 1965.

Sunni Islam today remains the state religion, all other religions being banned.

– Radicalisation? –

The Maldives follows a moderate version of Islam while banning alcohol, except in tourist hotels, and homosexuality.

It also flogs women found guilty of "fornication", says Amnesty International, which is critical of the human rights situation that it says includes restrictions on peaceful protests and expression.

The Maldives left the Commonwealth in 2016 in a row over criticism of its rights record.

There are fears of radicalisation with the arrival of Middle East preachers and via radical websites.

Nearly 60 Maldivians are known to have travelled to Syria and Iraq to fight with foreign jihadists, and some are believed to have returned.

In travel advice issued this year, the United States urged increased caution due to the possibility of a terror attack.

Leave a Comment

Your email address will not be published. Required fields are marked *

Leave a Comment

Leave a Comment

Cancel reply

Your email address will not be published. Required fields are marked *

Sri Lanka rupee closes at 328/329 against the US dollar, bond yields down

ECONOMYNEXT – Sri Lanka’s treasury bond yields were down and the rupee closed at 328/329 against the US dollar in the spot market on Friday, dealers said.

A 01.07.2025 bond closed at 29.80/30.20 percent on Friday, down from 31.25/30 percent on Thursday.

A 15.09.2027 bond closed at 27.45/55 percent, steady from 28.80/85 percent on Thursday.

Sri Lanka rupee closed at 328/329 rupees against the US dollar, from 327/330 rupees from a day earlier. (Colombo/ March31/2023)

Continue Reading

Sri Lanka tax hike: no response from president, professionals to discuss next steps

GMOA Secretary Haritha Alutghe

ECONOMYNEXT – Sri Lanka’s trade unions and professional associations who have been agitating against an International Monetary Fund (IMF) backed progressive tax hike will meet to discuss further union action after a letter to the president went unanswered.

Government Medical Officers’ Association (GMOA) secretary Dr Haritha Aluthge told reporters on Friday March 31 that the unions will meet as the self-styled Professionals’ Trade Union Alliance (PTUA) collective which have so far been organising strikes and demonstrations demanding a revision of the taxes.

The PTUA has been awaiting a promised meeting with President Ranil Wickremesinghe for some days now. Aluthge previously said on Monday that if the meeting did not materialise, the unions would be compelled to go on strike.

The issue has become stagnant due to government inaction, said Aluthge at Friday’s press conference.

“The PTUA informed the president in writing yesterday for the last time to please understand the gravity of this situation and to immediately give us a meeting and present the government’s interim solution, through which the government can take measures to ease the sense of tension among professionals,” he said.

The purpose of the meeting is to discuss an “interim solution” to the professionals’ grievances over the progressive income tax hike until a reported revision that’s due in six months when the country’s recently approved 17th IMF programme comes up for review.

“Sadly, there has still been no response,” the GMOA official said.

All unions and professional associations will meet Friday evening together with a number of other unions to discuss further action, he added.

The privately-owned English-language weekly newspaper The Sunday Times reported on March 26 that the IMF had indicated the possibility of revising some of the taxes imposed as part of the IMF’s staff-level agreement with Sri Lanka when the programme comes up for review in six months.

According to the newspaper, IMF officials had conveyed this to representatives of trade unions during a virtual roundtable held last Friday March 24. The virtual meeting was held on the initiative of the IMF and was attended by trade unions and professional associations representing the PTUA including the GMOA. (Colombo/Mar31/2023)

Continue Reading

Sri Lankan transport associations cut haulage and transportation fees after fuel price cut

ECONOMYNEXT –  Sri Lanka Association of Container Transporters and fuel bowser owners has decided to reduce the haulage charges and transportation fee, after the government cut the auto diesel prices by 80 rupees, association officials said.

“Due to the recent reduction in Auto Diesel price from March30, 2023, the committee has decided to reduce haulage charges by 7 percent,” association said.

Sri Lanka Private Petroleum Tanker owners has also decided to reduce the transportation fee of fuel by 8 -10 percent from April onwards.

“We will be meeting with the association members and will be deciding on exactly how much we will be reducing,” the General Secretary of the association Nimal Amarasekera told EconomyNext.

“We hope to reduce it by 8-10 percent and will be applied.”

Meanwhile United Lanka Fuel Transport Bowser Owners Association said, the price reduction will be done, and the specific amount will be calculated using the cost per kilometer for a transporting bowser.

“We have different types of bowsers such as 13,200 litre and 19,800 litre likewise,” Association President K.W. Charles told EconomyNext.

“So the cost per kilometer per bowser is different and after we calculate only we can give a specific percentage.

“It will come to effect from this month and the payments for the next month will be based on the new prices.”

Charles said, this is only based on the price reduction of fuel, however several costs as maintenance and spare part costs should also be considered when deciding the transportation cost, which is also being discussed with the Ceylon Petroleum Corporation.

Sri Lanka slashed fuel prices with effect from Wednesday (29) midnight, Power and Energy Minister Kanchana Wijesekera said, after a protest by trade unions of state-run fuel retailer Ceylon Petroleum Corporation (CPC) resulting in queues at filling stations due to supply disruption.

The price of Petrol 92 Octane will be slashed by 15 percent or 60 rupees to 340, Petrol 95 Octane 95 will be reduced by 26.5 percent or 135 rupees to 375, Auto Diesel by 19.8 percent or 80 rupees to 325, and kerosene by 3.3 percent or 10 rupees to 295. (Colombo/ March31/2023)

Continue Reading