Gaaf Alif Atoll
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BusinessLease acquisition cost slashed in atolls with few resorts
The Tourism Ministry has slashed resort lease acquisition costs by 25% in five atolls to attract investors. While base rates and land premiums have been significantly reduced for the next two years, interest remains low. Many development projects in these regions continue to face delays or remain stalled despite the new financial incentives.
NewsDrug network suspects released due to insufficient evidence
Four suspects arrested for drug trafficking and money laundering have been released due to insufficient evidence. While the Prosecutor General ordered their release from remand, minor cannabis charges were filed against three of the men.