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President advocates for private sector partnerships in SIDS development

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President Dr. Mohamed Muizzu has emphasised the pivotal role of private partnerships in driving economic growth and resilience. He made the remarks speaking at the high-level closing ceremony of the SIDS Global Business Network (GBN) forum 2024 held on the sidelines of 4th International Conference on Small Island Developing States held in Antigua and Barbuda.

Addressing leaders and stakeholders, President Dr. Muizzu underscored the significance of fostering collaboration between governments and the private sector to tackle pressing issues and achieve sustainable development goals.

President Muizzu stressed that in SIDS, where resources and market opportunities are often scarce, the private sector assumes heightened importance in spearheading innovation, empowering communities, and navigating market dynamics. Noting the private sector has the most important role to play in any economy, President stated from innovation to technology, from community empowerment to market trends, private sector contribution is paramount.

Recognising the unique challenges faced by SIDS, President Muizzu called upon governments to create an enabling environment for private enterprise which includes measures to facilitate ease of doing business, provide capacity-building support, and open avenues for financing. The president highlighted the importance of facilitating cross-border trade, safeguarding intellectual property rights, and streamlining regulations to attract investment and foster entrepreneurship.

Moreover, President Muizzu emphasised the need to prioritise inclusivity and empowerment of local communities, acknowledging local enterprises as vital components of small societies. By promoting inclusivity, the president envisioned enhancing connectivity between businesses and governments, leveraging their collective strengths to address common challenges such as infrastructure development and disaster risk reduction.

Furthermore, President advocated for the establishment of platforms to facilitate partnership building and knowledge sharing between the public and private sectors. Such initiatives are crucial for addressing urgent issues like climate change, economic vulnerability, and limited access to affordable financing, which pose significant hurdles for SIDS, added the president.

In conclusion, President Dr. Mohamed Muizzu reaffirmed his commitment to advancing private sector partnerships as integral components of SIDS development strategies. By placing the private sector at the forefront of development efforts, President Muizzu expressed confidence in overcoming challenges and achieving sustainable growth for all SIDS nations.

Source(s): PsmNews

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China: Will advance cooperation with Maldives while respecting its sovereignty

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Bater, Vice Chairman of the 14th Chinese People’s Political Consultative Conference (CPPCC) the political advisory board in the People’s Republic of China, has affirmed that Chinese government will respect and support Maldives’ sovereignty while advancing cooperation between the two nations.

Bater, who is an official visit to the Maldives, paid a courtesy call on President Dr. Mohamed Muizzu Thursday morning at the President’s Office.

During the meeting, Bater conveyed warm greetings from Chinese President and congratulated President Muizzu on ruling PNC’s victorious supermajority in the parliamentary elections.

He also spoke regarding the historic relations between Maldives and China, and in this trajectory, reiterated that the Chinese government respects and supports the Maldives’ sovereignty and promotes mutual respect while advancing cooperation between the two nations.

Bater said President Xi’s state visit to the Maldives in 2014 and President Muizzu’s recent state visit to China have significantly contributed to the advancement of cooperation and friendly relations between the two countries.

Speaking at the meeting, President Muizzu emphasized the cordial relationship between the Maldives and China and expressed looking forward to strengthening the friendly relations between the two countries.

Referring to his state visit to China, the President also extended gratitude for the opportunity.

President Muizzu and Beter concluded the meeting by expressing their eagerness to work closely on future collaborations.

Bater arrived in the Maldives on a three-day official visit on Tuesday evening.

He was appointed vice chairperson of CPPCC in 2018, and also serves as a member of Central Committee of ruling Chinese Communist Party (CCP).

CPPCC, comprising of delegates from CCP and its people’s organizations, political parties and independent members, advises and puts proposals for political and social issues to government bodies. It, however, lacks any real legislative power.

Source(s): sun.mv

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Minister Shiyam: MIFCO lacks capacity to purchase yellowfin tuna this year

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Fisheries Minister Ahmed Shiyam, on Wednesday, said the state’s fisheries company, MIFCO, lacks the capacity to purchase yellowfin tuna from yellowfin tuna fishermen this year.

Local fishermen staged a protest at sea on Wednesday over the delays in the disbursement of payment for the fish purchased from them. The protest, organized by the Bodu Kanneli Masveringe Union (BKMU) – a trade Union of yellowfin tuna fishermen – initially began at Hulhumale’ jetty and later moved to Male’ lagoon.

Minister Shiyam visited the protest site and addressed the fishermen during which he said MIFCO currently lacks the capacity to purchase yellowfin tuna from yellowfin tuna fishermen. Nevertheless, he affirmed the administration’s commitment to purchase yellowfin tuna as pledged by President Dr. Mohamed Muizzu.

“We are undertaking efforts to strengthen MIFCO, and we will get it done,” he added.

Speaking further, Minister Shiyam underscored the President’s wishes to fulfill his electoral pledges in the early years of his electoral term.

“Please know that in these seven months, we have been faring through serious financial difficulties. Nevertheless, we are working,” he stressed.

The Minister also noted that the government wishes to proceed with matters following consultations with stakeholders.

He also addressed one of the biggest concerns of fishermen at present; the government’s plans to allow commercial longline fishing.

He assured that commercial longline fishing will not be allowed as it had been practiced previously in the Maldives, adding the plans will be implemented in a manner that the interests of the yellowfin tuna fishermen, who will strongly be impacted by longline fishing, are protected.

At Wednesday’s protest, participants demanded the government drop its plans to allow commercial longline fishing. They also demanded that MIFCO begin purchasing yellowfin tuna as pledged by the government and the disbursement of payment for pending dues to fishermen.

Source(s): sun.mv

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Over MVR 10 million raised for Palestine as nationwide telethon concludes

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The nationwide telethon, conducted under the slogan “Falastheenaa Eku Dhivehin,” which translates to “Maldivians in Solidarity with Palestine,” by the Public Service Media (PSM), in partnership with local media has concluded.

Over MVR 10 million was raised for Palestinians with donations from various parties, alongside over USD 31,000.

As part of the telethon, donation boxes have been placed in 13 locations across the Maldivian capital, Male’ City.

The telethon was conducted under the direct instruction of President Dr. Mohamed Muizzu who launched the event on Wednesday morning. President Muizzu and First Lady Sajidha Ahmed made donations during the launching ceremony.

The ceremony was also attended by senior government officials including cabinet ministers.

Notable donations made during the telethon included MVR 2.1 million from Maldives National Defense Force (MNDF), MVR 500,000 from STELCO and MVR 300,000 from STO. Donations were also made by various other government ministries, institutions, companies and private individuals. A local family, ‘Nooran Family’ also donated MVR 50,000.

Israel’s current war on Gaza, which began on October 7, 2023, has killed more than 37,000 Palestinians, many of them women and children. It has also reduced much of the Palestinian territory to rubble, displaced the vast majority of residents, and resulted in widespread malnutrition.

Source(s): sun.mv

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