• Latest
  • Trending

Maldives to receive US$ 3.4 billion in foreign investment in five years: Yameen

February 22, 2018
Beware of education agents

Beware of education agents

December 7, 2023
Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

December 7, 2023
Seychelles declares State of Emergency after explosion and flooding

Seychelles declares State of Emergency after explosion and flooding

December 7, 2023
ChatGPT

Wikipedia’s most searched topics in 2023 revealed

December 7, 2023
Air Arabia to launch new route to Sri Lanka

Air Arabia to launch new route to Sri Lanka

December 7, 2023
Bangladesh won six international elections in November 2023

Bangladesh won six international elections in November 2023

December 7, 2023
The Central Bank of Sri Lanka (CBSL)

Sri Lanka to receive about $600m ADB funding post-IMF approval

December 7, 2023
How Israel is squeezing 1.8 million Palestinians into an airport-sized area

How Israel is squeezing 1.8 million Palestinians into an airport-sized area

December 7, 2023
Putin shakes hands with UAE Foreign Minister Sheikh Abdullah Bin Zayed at the airport in Abu Dhabi, December 6, 2023.

Putin makes rare foreign visit to UAE as Ukraine war grinds on

December 7, 2023
Samir Shah of Indian origin chosen to head the BBC

Samir Shah of Indian origin chosen to head the BBC

December 7, 2023
Air Astana

Air Astana launches direct flights to Sri Lanka

December 7, 2023
Hand grenade found from Dehiwala building

Hand grenade found from Dehiwala building

December 6, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Thursday, December 7, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Beware of education agents

    Beware of education agents

    Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

    Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

    Air Arabia to launch new route to Sri Lanka

    Air Arabia to launch new route to Sri Lanka

    Bangladesh won six international elections in November 2023

    Bangladesh won six international elections in November 2023

    The Central Bank of Sri Lanka (CBSL)

    Sri Lanka to receive about $600m ADB funding post-IMF approval

    Air Astana

    Air Astana launches direct flights to Sri Lanka

    Hand grenade found from Dehiwala building

    Hand grenade found from Dehiwala building

    Digitized national birth certificate

    Sri Lanka issues its first digitized national birth certificate

    Rain. Image credits - Max Bender @maxwbender / Unsplash

    Weather forecast for Sri Lanka; Cyclonic Storm “MICHAUNG” update to Sri Lanka

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    ChatGPT

    Wikipedia’s most searched topics in 2023 revealed

    Air Arabia to launch new route to Sri Lanka

    Air Arabia to launch new route to Sri Lanka

    The Central Bank of Sri Lanka (CBSL)

    Sri Lanka to receive about $600m ADB funding post-IMF approval

    How Israel is squeezing 1.8 million Palestinians into an airport-sized area

    How Israel is squeezing 1.8 million Palestinians into an airport-sized area

    Putin shakes hands with UAE Foreign Minister Sheikh Abdullah Bin Zayed at the airport in Abu Dhabi, December 6, 2023.

    Putin makes rare foreign visit to UAE as Ukraine war grinds on

    Samir Shah of Indian origin chosen to head the BBC

    Samir Shah of Indian origin chosen to head the BBC

    Rizz

    Oxford’s Word of the Year 2023 announced

    Moody's

    Moody’s cuts China credit outlook to negative, cites lower growth, property risks

    UK unveils tougher visa rules in a bid to cut migration

    UK unveils tougher visa rules in a bid to cut migration

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Taylor Swift

    Who is Spotify’s most-streamed artist of 2023?

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    The musician and entrepreneur announced he "decided to give up smoke." Image credits - Kevin Mazur/Getty Images

    Snoop Dogg giving up smoking weed?

    Blockbusters bring gangsters to Bollywood

    Blockbusters bring gangsters to Bollywood

    3rd Bangladesh Film Festival illuminates Colombo

    3rd Bangladesh Film Festival illuminates Colombo

    Jason Derulo

    Jason Derulo sued for sexual harassment by fellow singer

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Travelers ready to set sail on cruises at record levels next year

    Travelers ready to set sail on cruises at record levels next year

    Visas. Image credits - ConvertKit @convertkit

    Free Sri Lankan visa for 7 countries: Regulations issued

    Airline / Flight

    Malaysia to allow visa-free entry to Chinese, Indian nationals from December 1

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    Travel. Image credits - Sacha Verheij / Unsplash

    The 24 best places to go in 2024

    SriLankan Airlines

    SriLankan Airlines introduces self-check-in kiosks, baggage drop at BIA

    Gasping for air: Delhi’s smog-laden winter  

    Gasping for air: Delhi’s smog-laden winter  

    World’s first whole-eye transplant hailed as breakthrough

    World’s first whole-eye transplant hailed as breakthrough

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    ChatGPT

    Wikipedia’s most searched topics in 2023 revealed

    Whatsapp. Image credits - AARN GIRI / Unsplash

    Protect your chat using secret code : New WhatsApp feature

    Google is deleting old Gmail accounts: Here’s how to save yours

    Google is deleting old Gmail accounts: Here’s how to save yours

    FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

    Apple unveils its fastest iMac and MacBook Pro models yet

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    Instagram testing new feature that lets you add photos and videos to other people’s posts

    WhatsApp will soon allow users to use two accounts on one phone

    WhatsApp will soon allow users to use two accounts on one phone

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Beware of education agents

    Beware of education agents

    Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

    Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

    Air Arabia to launch new route to Sri Lanka

    Air Arabia to launch new route to Sri Lanka

    Bangladesh won six international elections in November 2023

    Bangladesh won six international elections in November 2023

    The Central Bank of Sri Lanka (CBSL)

    Sri Lanka to receive about $600m ADB funding post-IMF approval

    Air Astana

    Air Astana launches direct flights to Sri Lanka

    Hand grenade found from Dehiwala building

    Hand grenade found from Dehiwala building

    Digitized national birth certificate

    Sri Lanka issues its first digitized national birth certificate

    Rain. Image credits - Max Bender @maxwbender / Unsplash

    Weather forecast for Sri Lanka; Cyclonic Storm “MICHAUNG” update to Sri Lanka

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    ChatGPT

    Wikipedia’s most searched topics in 2023 revealed

    Air Arabia to launch new route to Sri Lanka

    Air Arabia to launch new route to Sri Lanka

    The Central Bank of Sri Lanka (CBSL)

    Sri Lanka to receive about $600m ADB funding post-IMF approval

    How Israel is squeezing 1.8 million Palestinians into an airport-sized area

    How Israel is squeezing 1.8 million Palestinians into an airport-sized area

    Putin shakes hands with UAE Foreign Minister Sheikh Abdullah Bin Zayed at the airport in Abu Dhabi, December 6, 2023.

    Putin makes rare foreign visit to UAE as Ukraine war grinds on

    Samir Shah of Indian origin chosen to head the BBC

    Samir Shah of Indian origin chosen to head the BBC

    Rizz

    Oxford’s Word of the Year 2023 announced

    Moody's

    Moody’s cuts China credit outlook to negative, cites lower growth, property risks

    UK unveils tougher visa rules in a bid to cut migration

    UK unveils tougher visa rules in a bid to cut migration

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Taylor Swift

    Who is Spotify’s most-streamed artist of 2023?

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    The musician and entrepreneur announced he "decided to give up smoke." Image credits - Kevin Mazur/Getty Images

    Snoop Dogg giving up smoking weed?

    Blockbusters bring gangsters to Bollywood

    Blockbusters bring gangsters to Bollywood

    3rd Bangladesh Film Festival illuminates Colombo

    3rd Bangladesh Film Festival illuminates Colombo

    Jason Derulo

    Jason Derulo sued for sexual harassment by fellow singer

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Pandit Hariprasad Chaurasia’s Vrindaban Gurukul for new-age learners

    Jawan is releasing on 4000 screens internationally. It is the widest release for an SRK centric film (Credit: Red Chillies Entertainment)

    This actor is so huge his fans lined up at 4.30 a.m. to watch his new movie

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    New report reveals highest earners from Instagram posts

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Travelers ready to set sail on cruises at record levels next year

    Travelers ready to set sail on cruises at record levels next year

    Visas. Image credits - ConvertKit @convertkit

    Free Sri Lankan visa for 7 countries: Regulations issued

    Airline / Flight

    Malaysia to allow visa-free entry to Chinese, Indian nationals from December 1

    Disneyland. Image credits - Kon Karampelas / Unsplash

    The sad, lonely secret behind America’s never-ending wave of Marvel movies and Disney reboots

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    ‘Nas Daily’ signs agreement with Sri Lanka Tourism

    Travel. Image credits - Sacha Verheij / Unsplash

    The 24 best places to go in 2024

    SriLankan Airlines

    SriLankan Airlines introduces self-check-in kiosks, baggage drop at BIA

    Gasping for air: Delhi’s smog-laden winter  

    Gasping for air: Delhi’s smog-laden winter  

    World’s first whole-eye transplant hailed as breakthrough

    World’s first whole-eye transplant hailed as breakthrough

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Sri Lanka’s Pekoe Trail wins British Guild of Travel Writers Award

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    ChatGPT

    Wikipedia’s most searched topics in 2023 revealed

    Whatsapp. Image credits - AARN GIRI / Unsplash

    Protect your chat using secret code : New WhatsApp feature

    Google is deleting old Gmail accounts: Here’s how to save yours

    Google is deleting old Gmail accounts: Here’s how to save yours

    FILE PHOTO: The Apple Inc logo is seen hanging at the entrance to the Apple store on 5th Avenue in Manhattan, New York, U.S., October 16, 2019. REUTERS/Mike Segar

    Apple unveils its fastest iMac and MacBook Pro models yet

    Instagram. Solen Feyissa @solenfeyissa / Unsplash

    Instagram testing new feature that lets you add photos and videos to other people’s posts

    WhatsApp will soon allow users to use two accounts on one phone

    WhatsApp will soon allow users to use two accounts on one phone

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia

Maldives to receive US$ 3.4 billion in foreign investment in five years: Yameen

Editor by Editor
February 22, 2018
in Around South Asia, Around The World, Business, Maldives, Top Story
Reading Time: 5 mins read
3 0
A A
Share on WhatsApp

Male, February 22 (newsin.asia): Maldives will be receiving US$ 3.4 billion in foreign investment in the tourist and non-tourist sectors in the next five years, President Abdulla Yameen told parliament here on Wednesday.

“In the next five years US$ 1.6 billion is to be invested, through 40 foreign investments registered last year in the tourism industry. And from industries other than tourism, 50 investments have been registered, representing an investment of US$ 1.8 billion over the next five years,” Yameen said.

The economic  growth rate had increased from 6.2% in 2016 to 6.9% in 2017, “which is a testament to the speed at which our economy is growing,” the President said.

ADVERTISEMENT

More than 76,000 new jobs have already been created for youth. “This has been possible due to the growth of the economy,” the President stated.

Expanding on tourism, Yameen said: “In the past year, tourist arrivals in the Maldives have increased by 8%, with more than 1.3 million tourists visiting. This is a huge achievement for our tourism,” he added.

2018 will see the inauguration of 24 islands which had been leased for tourism purposes. Together with two new city-hotels, the number of beds in the country will increase to more than 5,300.

As at the end of 2017, the per capita GDP stood at US$ 9,671. The national reserves stood at US$ 586.2 million at the end of 2017, but this is expected to increase to US$ 600 million this year .Yameen said.

Fisheries Development

A substantial sum of the US$ 160 million loan, given by the Governments of Saudi Arabia and United Arab Emirates, will be utilized to develop the fisheries industry, to the benefit of fishermen, including through modernized fishing vessels, the President said.

Mariculture business projects, such as the bait production project worth US$ 11 million launched last year, have been initiated by the Government to expand and diversify the fisheries industry, reducing its on one type of fishing.

The government has also decided to provide fishermen with vessel locating devices for their fishing fleets, free of charge, to ensure and ease their burden of compliance to our fishing regulations.

Fifty eight individuals have been granted loans to increase participation of young fishermen and captains in the fisheries industry. One hundred and fifteen individuals based in rural islands, have also received loans to start sea cucumber farming businesses.

Boost For Farming

Since last year, under the policy to reduce the number of imported goods to the Maldives, farmers are being encouraged to produce similar products. Work is underway to create a loan scheme, where up to MVR 6 million will be made available to farmers to farm these products.

“Hopefully, we will decrease the import of such goods by 25% by increasing production to 1,866 tons of produce which will make its way to our markets,” Yameen said.

Maldivian tourism to get US$ 1.6 million in investment over the next five years

New Roads, Harbors and Airports  

Forty-five kms of roads are being constructed in the nine most populated islands in the Maldives. Road construction work will continue in 12 more islands until the end of this year.

The harbors of forty-eight islands have now been completed and the construction of harbors in 30 more islands will be concluded by the end of this year.

“This will solve the difficulties inherent to boarding and disembarking to and from sea travel vessels, for seventy-eight islands,” the President said.

Harbor development projects, including dredging projects, are also underway in 31 islands and these have been equipped with harbor entrance lights.

“Thus, over the past five years we have solved the problem of sea transport for 109 out of 187 inhabited islands,” Yameen said.

Work is on to establish airports at H.DhKulhudhuffushi, Sh. Funadhoo, N. Maafaru and G.Dh Maavaarulu to be completed within this year.

“We expect these efforts to ease domestic transport in the Maldives. Further, in order to create job opportunities for our youth and expand tourism to all regions, work will also commence to establish an airport near H.A. Hoarafushi this year,” the President said.

Social Welfare Projects

Turning to social welfare projects, the President said: that the  ‘HIYA’ (‘Shelter’), the biggest housing project launched by the government this year, to be completed next year, is expected to provide housing to more than 160,000 people residing in the Maldives.

This project will cover part of the 240 hectares of land that was reclaimed under the Hulhumalé Phase II project. In addition to the expansion of the greater Malé area, 311 hectares of land have been reclaimed in 9 rural islands. This is an area equivalent to 20 islands.

Accent On Digital Education

Digital technology will be introduced to support teaching and learning ,Yameen said.

“By the beginning of the second term for this academic year, all schools will have Wi-Fi and all students from grades 1 to 12 will receive computer tablets. The Maldives will be the first country to educate all its students in this way. Students who graduate from our schools will be technologically literate. As such their odds of succeeding in the work place in the 21st century would be higher,” he said.

Facilitating Tertiary Education

The percentage of students in tertiary education has increased from the 19% ,4 years ago, to 32% ,the President said and added: “The government aims to increase enrolment in tertiary education to 60% by 2022.”

“ The percentage of students who sat for O’level exams and passed in 5 subjects last year, have increased to 77%. This is a percentage increase of 28% compared to 2013,” he said.

Better Health Facilities

In the past four years, up-to-date water systems have been established in twenty-two islands ,the President said. This year, work is expected to start on establishing such systems in twenty-four more islands.

The price of providing water in the atolls has been reduced and from 1 January 2018 we have equalized the price of water in the atolls with that of Malé. In the past four years, water storage facilities have been established in twenty-nine islands, while 2018 will see the establishment of these systems in an additional eighty-six islands.

Once this work has been completed, we will have a permanent

solution to the water shortage problems being faced by some islands from time to time.

More and Better Hospitals

The 25-storey ‘Dharumavantha Hospital’ will open this year. Inclusive of a diagnostic center and an increased bed capacity of 500, it will provide new and improved health care services for the country ,Yameen said.

Previously unavailable health care services in the Maldives have been introduced over the past three years. The National Cardiac Centre established in 2016 has now enabled 5,300 heart disease patients to receive treatment.

Since November 2013, the government’s renal disease treatment guarantee policy has seen the introduction of dialysis services in six atolls. 44 individuals have also had government funded kidney transplant operations abroad over the past four years.

Consultations with oncologists and chemotherapy services are available at the specialist cancer center established in Hulhumalé. Cancer treatment is also available at clinics in the Indira Gandhi Memorial Hospital (IGMH) and the Vilimalé hospital.

The tertiary hospital to be opened in Addu City this year will have a bed capacity of 100. Thalassemia screening services will also be available this year in hospitals across the country

Maldives’ First Medical College

The first ever medical college in the Maldives will be established this year ,the President said.

Students will have the opportunity to do their medical internships at IGMH,allowing them to reside in their motherland with their families.

Civic Facilities 

Over the past four years, sewerage systems have been established in twenty-one islands, while this infrastructure will be further developed in forty-two more islands over the course of this year, the President said.

“Thus, by the end of 2018, 75% of the Maldivian population will have sewerage systems,” he promised.

Drastic Reduction in Crime

The first-ever technical assessment of crime in the country, based on crime statistics for the past 9 (nine) years, was undertaken in 2017. The findings of this study show that the crime rate has reduced by 35% over the past four years, President Yameen said.

(The featured image at the top shows President Abdulla Yameen in parliament with the Speaker by his side)

Related Posts

Beware of education agents
Around The World

Beware of education agents

December 7, 2023
Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard
Defense

Keel of 4.000 T Sri Lankan floating dock laid at Goa Shipyard

December 7, 2023
ChatGPT
Around The World

Wikipedia’s most searched topics in 2023 revealed

December 7, 2023
Air Arabia to launch new route to Sri Lanka
Around South Asia

Air Arabia to launch new route to Sri Lanka

December 7, 2023
Bangladesh won six international elections in November 2023
Around The World

Bangladesh won six international elections in November 2023

December 7, 2023
The Central Bank of Sri Lanka (CBSL)
Around South Asia

Sri Lanka to receive about $600m ADB funding post-IMF approval

December 7, 2023
  • Electricity

    Power cut schedule for today in Sri Lanka: Uninterrupted power supply

    60455 shares
    Share 24204 Tweet 15105
  • Registration open for National Fuel Pass

    6648 shares
    Share 2696 Tweet 1647
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    2147 shares
    Share 865 Tweet 534
  • 16 hour water cut in several parts of Colombo

    926 shares
    Share 392 Tweet 223
  • WATCH : Yohani’s first live performance in India

    792 shares
    Share 329 Tweet 193
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

https://www.vudols.com/

- mersin escort - Antalya korsan taksi -
deneme bonusu
- deneme bonusu veren siteler - Goley90 Giriş - youtube izlenme satın al - buy youtube views - Vozol - buy instagram followers - istanbul escorts - beşiktaş escort - beylikdüzü escort - postegro - Kiralık Bahis Sitesi