Economy.
Minister of Fisheries Ahmed Shiyam has discussed the commercial development of the mariculture industry in Kendhikulhudhoo with the island's council and constituency Member of Parliament Mohamed Afoo Hamid. As imports to the Maldives have risen alongside economic activities, Minister of Economic Development Mohamed Saeed has stated that the economy must be diversified rather than relying solely on tourism. Maldives Airports Company Limited (MACL) has stated that providing an annual bonus is not mandatory, and since a date for the Annual General Meeting has not yet been set, no decision has been made regarding this year's bonus.
Important discussions regarding the development of the mariculture industry in N. Kendhikulhudhoo were held on October 6, 2026. The meeting mainly highlighted utilizing Kendhikulhudhoo's natural resources to breed marine life and areas where economically beneficial mariculture projects could be expanded on the island. Additionally, extensive views were exchanged regarding creating new income-generating opportunities for the island's residents and youth through the development of this industry. These discussions marked an important step toward establishing and promoting this industry in Kendhikulhudhoo in a sustainable manner.
Minister of Economic Development and Trade Mohamed Saeed delivered important remarks regarding the nation's economic growth on October 6, 2026. In this meeting, the Minister highlighted various measures being taken by the government to strengthen the Maldivian economy and increase national productivity in the future. He also disclosed details of policies planned to expand the business sector and overcome economic challenges. In this statement, Minister Saeed placed special emphasis on the collaborative efforts between the private sector and the government to achieve sustainable economic growth.
Information regarding the bonus given to employees of Maldives Airports Company Limited (MACL) came to light on October 6, 2026. Relevant authorities and the management have been holding discussions and reaching decisions regarding this allowance, which is given in recognition of the hard work done by the company's employees. It was also noted that how the employees' bonus distribution will be arranged and its details will be announced in accordance with the company's policies.
