Category Archives: Economy

Institutionalized theft backed by legislation…

President Mohamed Nasheed delivered his 76th address on Friday last, which was also the day after the completion of 2 years and 22 days of his first term as President of Maldives.

In this week’s radio address the President said that he no longer wished to speak about cutting down on the size of the Civil Service, but he wished to speak about creation of job opportunities. The President said that this will be done through mechanisms within the proposed budget for next year, which would facilitate the creation of 20,000 jobs. He said that these jobs would be created within the private sector and also said that this would be the main focus of the 2011 budget submitted to parliament.

The biggest challenge for the proposed development initiative of the president would be the institutionalized robbing  and legalized theft from SMEs that is so common place in the Maldives.

Several small businesses in the country are hard hit by payment defaults for goods and services that they give to customers. In the absence of sufficient legal mechanisms that enable collection of receivables, some resort to the practice of taking post dated checks.

In the event of a post dated check getting returned by the bank, the onus is on the person who gives the goods or services to find the person who defaulted on payment. And this has also to be done within one month, during which time it is usually impossible to find the person to hand deliver the notice of default to the issuer of the check. And when it is not possible the person who offered the service or gave the goods have to suffer. He is penalized and the person who took the goods and services goes squat free.

In addition, the banks take no responsibility for the bank instruments that they distribute in the form of bank checks. Persons and Companies who use checks “to be returned by the bank” have a way of getting assistance from the banks to continue to expand their fraud facilitated by the banks. They open new accounts in various names and continue to kill the small timers.

Maldives is a country where terms for payment agreed in contracts have no value. It doesn’t mean a thing. Small businesses don’t have the means to invest in credit collection from those who refuse to pay. They cannot afford the legal fees and the length of time that it takes to have a case closed. They are also at the mercy of these “investors” who rely on robbing the small businesses for their investments, to get additional work in order to get their employees engaged. A number of the government agencies also cannot be trusted to pay, and are managed by people who don’t have any idea of the suffering of the people who have to run after them to get what is theirs.

I can imagine the plight of the SMEs that will come up, who cannot survive unless the President sets up yet another commission to protect their very existence.

The Maldivian economy fosters institutionalized theft and robbing of vulnerable small businesses by daring investors. Unless this situation is reversed, the small businesses that would be put up through development loan financing will go bankrupt and the jobs that they create will add to the growing number of the unpaid and employed in this country.

It is unlikely that much will happen unless the President himself personally puts this right, as most of the others institutions are manned by people who have a conflict of interest issue when it comes to putting these things right.

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Posted by on December 5, 2010 in Economy



Maldives too busy to take note of Financial Crisis 2008

IMF Reports that:

The world is going through the most dangerous financial crisis since the 1930s.

Coordinated global action is starting to reverse the tide of the financial crisis, but governments also need to “deploy all instruments” to limit damage to the real economy, IMF Managing Director Dominique Strauss-Kahn told world financial leaders meeting in Washington.

IMF Managing Director Dominique Strauss-Kahn also said that developing countries, “face reduced export demand and reduced access to trade credit.”

Read more here

The Maldives with the highest per capita income in the region, and highly vulnerable by the impact on its “export demand” through tourism and fisheries, and almost negligible trade credit, does not seem to be able to take note of the approaching “tsunami” – if you will.

What are we doing about it? How do we bring this to the attention of the nation’s leaders, who just appointed a Governor to the MMA who does not have any fiscal or monetary policy experience?


Posted by on October 17, 2008 in Economy, Leadership, Majlis, Neevey Adu Kon Adu


CMDA releases suspension on MTDC dividend payments

On 26th July 2008 – the national independence day which is a public holiday, the Capital Market Development Authority (CMDA) announced that it had asked the Maldives Tourism Development Corporation (MTDC) to suspend paying dividend to its shareholders.

CMDA announcement referred to the payments as “payments made in the name of dividend” of 2007. The first paragraph of the press release said that the suspension was because the payments in contravention to the ordinary practise of dividend payouts. And that such disbursement of payments in the name of “dividends” (implying that it was not legal dividend) would confuse the shareholders and the (stock) market.

The third paragraph said that CMDA believes that a payout that is more than the net profit of the company for the year, should be explained to the market. And that the suspension was to investigate the matter, following the decision by (MTDC) to declare the dividend.

Being a shareholder of MTDC affected by the unfounded and illegal CMDA decision that did not follow accepted standards anywhere in the world, I looked up what the investopedia and britannica said about dividend and found nothing abnormal about the dividend declared by MTDC. And it is funny that infact the Bank of America is said to have decided on a divident which meant the bank practically will have to pay out virtually everything it earns.

There is no legal provision in Securities Act or the Companies Act that gives the CMDA the authority to stop dividend payments as adopted legally by shareholders of a company. By law, the shareholders at the Annual General Meeting of the Company is the highest and most powerful organ of the institution.

It is very interesting that the five member board of CMDA think that they are an ultimate authority who can act above the law. The board is chaired by Mr. Abdul Ghafoor Abdul Latheef of the Maldives Monetary Authority.

CMDA has made no public announcement, but it seems to have released the suspension after coming to its senses about the wrong it has done.

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Posted by on August 1, 2008 in Economy, For Laughs


Two Days Pay to work full shift on a Public Holiday

On this independence day, for the first time since the adoption of the Employment Law, the employees around the country will be paid 2 days salary to work on a “public holiday”. There are ten days which are designated as public holidays in the employment act.

If employees are required to work on a public holiday, the employer must pay the employees a half days salary. And on public holidays the staff must be compensated for overtime to the equivalent of one and a half of the hourly rate. Therefore, a staff who is required to work the full shift on a public holiday will get two days salary in addition to the day’s wages.

Therefore, resort workers and other staff such as prayer-callers (mudhims) who are required to work the full shift on all the ten public holidays will get an additional twenty days wages for the year.

But I am not quite sure how many employers would follow the law.


Posted by on July 27, 2008 in Democracy nd Reform, Economy


When I look at things happening around us!

When I look at the things happening around us, I cannot help but read between the lines to appreciate the lessons that are so abundant around us.

I sold my MTCC shares this year and bought Bank of Maldives shares this year because it made business sense to me. But I could not believe it when the returns I got for my investment in the Bank of Maldives was just 22% of what I could have earned had I retained my shares in MTCC instead of selling them to buy shares of Bank of Maldives. From my readings, I was made to understand that a dividend yield is related to the company’s assest values and net margins and the reliability and consistency of its future growth.

When the unthinkable happened I spoke to a Director of the Bank of Maldives, who explained to me the rationale of the Board’s decision. They had declared a dividend of 150 Rufiyaa last year. At the time a share was worth nearly 2000 Rufiyaa in the market (Maldives Stock Exchange). The Board also decided to issue bonus shares which gave each share a total of 36 shares. The Shareholders happily agreed, but decided that a share should be valued at 146 Rufiyaa instead of 100 Rufiyaa proposed by the Board. This meant that the worth of one share held by a shareholder jacked up to 5040 Rufiyaa. This was a good thing for everyone at the time.

Then this year the Directors decided to declare a dividend of 10 Rufiyaa per share which was being traded at over 250 Rufiyaa, which is a 4% return on share value. The Directors argued that they were giving 360 Rufiyaa for what they had given 150 Rufiyaa last year. That is true, but then it is so because their decision last year did not have adequate foresight. Or else, it was a deliberate decision to ensure that the market will offer a disincentive for trading of Bank of Maldives shares thereby giving an unexplained advantage to the existing Public Shareholders.

When I spoke to a friend with a finance background Thursday evening, did I realize that the decision of the Board of BML last year could have been a deliberate attempt to secure an unfair advantage to the then existing Shareholders and an exclusivity. That also meant that a person who got a share for just over 50 Rufiyaa when the shares were split and bonus shares issued could sell it with a 400% gain. What a decision!

Now the trading of BML shares is effectively discouraged and the market disabled! Did you wonder how this was possible?


Posted by on July 5, 2008 in Economy, My Argument


What can a pay commission do?

Finance Minister and the country’s biggest philanthropist cum business tycoon Gasim Ibrahim, who is also the Speaker of the Special Majlis who has been seen to be mainly responsible for the adoption last Thursday of the country’s new constitution has said that he asked President Maumoon Abdul Gayoom to form a pay commission for the government, reported Jazeera Daily has reported.

It is believed that the President will exercise his executive presidential powers to form a pay commission for state employees. This is a direct response to a possible strike by teachers demanding for better pay and working conditions. However, Honorable Gasim did not specify the contents of a cabinet paper that has been presented to him prior to a cabinet meetnig on the subject either tomorrow or the day after.

The question is whether a cabinet paper and a possible pay commission can resolve the multitude of issues facing ordinay life in the country caused mainly due sky rocketing land rent in Male’. The government, as usual is overconcerned with “honorable living” for their employees rather than the welfare of the people who they allegedly serve.

The country’s electorate consist of nearly 200,000 persons and the civil sevice and other government services employ under 15% of that figure. If one consider them and their dependents it would constitute less than 50% of the working population in this country. It is therefore, pathetic the government goes head over heels to make the conditions of these few superior, neglecting the rest.

If the passion the government had for the health insurance of government staff is anything to go by, the fate of the pay commission is a foregone conclusion. The salary structure of teaching professionals went through its first proposed revisions almost ten years ago, and has been waiting for want of funds ever since. One former official of the Ministry of Education said, they have been nothing but “lethargic” sitting on the revision for nearly a decade. It would be futile to believe a supplementary budget to give a pay rise to teachers can ever be realized.

I just hope that one day soon this government will have a passion for the welfare of ALL its people rather than just the few who attend to their ceremonies!


Posted by on June 29, 2008 in Economy, Leadership, My Concerns


The Race for the Highest Remuneration Package!

The race to pay the highest remuneration package for state employees and commercial sector employees of the state owned firms has hit new records today. The President has introduced a new remuneration package to the atoll chiefs (his appointees in the atolls) to over 420,000 Maldivian Rufiyaa a year. In turn, the honorable Members of Parliament have passed a motion to pay themselves a remuneration package of over half a million Rufiyaa a year plus travel and medical benefits anywhere in the region for themselves and members of their families. The parliament has also proposed amendments to the salary of the Auditor General to be 1.2million Rufiyaa a year.

All this is in the backdrop of the recent race to have government agencies outside the civil service to accord the highest remuneration packages to their staff. The civil service is following suit and the Civil Service Commission has announced that it will be going into negotiations with the Minister of Finance for a pay rise.

The majority of MPs are big businessmen themselves and therefore cannot affort to live on the meagre remuneration they currently get. The top civil service officers themselves have their own second jobs as advisors or consultants or for freelance, which they execute mostly using state resources and neglecting their duties. In the absence of statistics that show the national averages for remuneration in various sectors, the civil service, the government and other state agencies are ripping off the public. The beauty for them is that they don’t have to earn a cent of what they demand and pay upon themselves.

All this in the backdrop of an upcoming presidential and parliamentary elections may teach a lesson to our politicians and bureaucrats! But then it will be too late.

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Tourism Dhaairaage Muvazzafunge Haggeh neiy! (Dhivehi)

ދިވެހިޖުމްހޫރިއްޔާގެ ރައްޔިތުންގެ މަޖިލީހުގެ އިއްޒަތްތެރިމެމްބަރުން ވަކިބަޔެއްގެ މަސްލަހަތު ހިމާޔަތްކުރުމުގެ ގޮތުން ރިޒޯޓުތަކުގައި މަސައްކަތްކުރާމީހުން ވަޒީފާއާއިބެހޭގާނޫނުގެ އެންމެމުހިންމުބާބުން އިސްތިސްނާކޮށްފައިވާކަމަށް ދޭހަވާގޮތަށް ހަބަރެއް ލިޔެފިއެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
އެޓާރނީ ޖެނެރަލްއޮފީހުގެ އިސްފަރާތަކާ ހަވާލާދީ ހަވީރުގައިލިޔެފައިވަނީ, ވަޒީފާއާއިބެހޭ ގާނޫނުގައިވާގޮތުން، އެންމެގިނައިރުވަންދެން މަސައްކަތްކުރުވޭނެ ވަގުތާއި އަރާމުކުރުމަށްޓަކައިދޭ ހުސްވަގުތުތަކުންނާއި އެންމެކުޑައުޖޫރަކަނޑައެޅުމުގެހައްގާއި ވަޒީފާގެ އެއްބަސްވުންހެދުމުގެ ހައްގުންވެސް ރިޒޯޓުތަކުގައި މަސައްކަތްކުރާމީހުން އިސްތިސްނާވާނެކަމަށެވެ. އެމީހުންނަށް އެހައްގެއްނުލިބޭނެއެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
ދިވެހިރާއްޖޭގެކުރީގެ އެޓާރނީޖެނެރަލް ވިދާޅުވެފައިވާގޮތުގައި ހައްގަކީތަބަކަށްލާފައިދޭ އެއްޗެއްނޫނެވެ. އެއީހޯދާއެއްޗެކެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
އެންމެއަކުރަކާހެދި ހިފާހިފާހަލާކުވާ އިއްޒަތްތެރިމެމްބަރުންގެ ސަމާލުކަން، ރައްޔިތުންގެތެރެއިން މިހާގިނަބަޔަކަށް މިހައްގު ގެއްލުނުކަންމައްޗަށް އައިސްފައިނުވާކަމަށް ދެކެވޭވާހަކަޔަށް، ކުށުންބަރީއަވެގެންވާ ރައްޔިތުންގެމަޖިލީހުގެ އިއްޒަތްތެރިމެމްބަރަކު ރައްދުދެއްވިއެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
އޭނާވިދާޅުވިކަމަށްވަނީ އެހެންމާއްދާއަކުން އެހައްގުތައްލިބޭނެކަމަށެވެ. އެކަމަކު، މިއަދުގެ ޒަމާނީހަގީގަތްތަކަށް ބަލާއިރު އެކަންސާފުވާނީ ކޯޓުންނެރޭ އަމުރަކުންނެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
ދިވެހިރާއްޖޭގެމިހާރުގެ އެޓާރނީޖެނެރަލްގެ މައްޗަށް ބަސްވިދާޅުވެވޭގޮތަށް ގާނޫނީހައިސިއްޔަތެއް ލިބިވަޑައިގެން ހުންނެވި، ގާނޫނުއިސްލާހުކުރުމާބެހޭ މިނިސްޓަރުނަޝީދު އޭނާގެ ބުލޮގުގައި ލިޔުއްވާފައިވާގޮތުން، ގާނޫނެއް ނުވަތަ ގާނޫނެއްގެ ބައެއް ހިފެހެއްޓުމުގެ ބާރު ކޯޓުތަކަށް ލިބިގެންވެއެވެ. އަޅުގަޑުމެންނަށް ޖެހޭނީ ބަލަންތިބޭށެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
ސުވާލަކީ މިފަހަރު ޓޫރިޒަމްދާއިރާގައި މަސައްކަތްކުރާމީހުންގެ ހައްގުގައި ކޯޓަށްދާނީ ކޮންބަޔެއް ހެއްޔެވެ؟ ޑީއާރުޕީ ހެއްޔެވެ؟ އެމްޑީޕީ ހެއްޔެވެ؟ އުމަރުނަސީރުހެއްޔެވެ؟ އިބުރާ ހެއްޔެވެ؟ ތިންމިތުރުން ހެއްޔެވެ؟ ސޫދު ހެއްޔެވެ؟ ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
މަޖިލީހުން ވެފައިވާ މިއޮތްބޮޑު ބޭއިންސާފުގެ އަގުދައްކާނީ ކާކުހެއްޔެވެ؟ އެއީވެސް ޑިމޮކްރަސީގެ މަރުހަލާއެއްކަމަށް ނިންމާ ހަމަޖައްސާލާނީހެއްޔެވެ؟ ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
Comments Off on Tourism Dhaairaage Muvazzafunge Haggeh neiy! (Dhivehi)

Posted by on June 1, 2008 in Economy, Majlis, My Concerns, Thaana


Twenty Thousand Rufiyaa per Household!

A colleague of mine told me today that his landlord has asked him to vacate the two bedroom apartment rented to him, as the owner’s child is coming back to live there. Another colleague has now been searching for a two bedroom apartment for the last two months as he also has to vacate the apartment that he is renting. Both these apartments are rented for eight thousand Rufiyaa which can now fetch a market value of 10 – 12,000 Rufiyaa.

My colleagues manage to pay rent sharing their apartments with another member of the family or renting out beds to relatives whose children stay with them for their studies in Male’. They earn around eight thousand Rufiyaa and are supplemented by their spouses’ income and “supplementary rent” paid by relatives who live in with them.

Now, their monthly basic household expenditure would jump from fifteen to twenty thousand Rufiyaa. In addition, they cannot get a new place without atleast six months rent advance. That money they would have to beg, borrow or steal.

This is the plight of the lower middle class in a country where the President, his cabinet and the civil servants who serve citizens like my colleagues, live in world class houses, work in wold class offices with the most modern machinery and equipment. The police and the army wear European Standard uniforms. State functions and ceremonies are international standard. But the basic needs and rights of ordinary people are simple unavailable and inaffordable.

I was sitting with a group of upper middle class friends the other day, when all of us agreed that it would simply be not possible to have an economy in the country that could allow for a household income level of ten thousand Rufiyaa a month. We did the calculations and it was clear that it was arithmetically impossible. These were influential juniors who shaped and molded the future of the social and economic fabric of the nation. We all closed the evening by declaring that the politician [Reekoa Moosa] was just playing to the ears of the public.

But, I cannot help wondering wasn’t he right?

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Posted by on May 25, 2008 in Economy, My Concerns


Benku Khidhumathuge Vaahaka ….! (Dhivehi)

އަޅުގަޑު ދިވެހިރާއްޖޭގެ ގައުމީބޭންކު ކަމުގައިވާ “ބެންކް އޮފް މޯލްޑިވްސް” ގެ ހެޑްއޮފީހަށް ގުޅީ ކުޑަލޯނެއް ހޯދުމަށެވެ. އެއީ އަޅުގަޑުގެ ކޮއްކޮމެން ގެ ހަދަންވެގެން، ގެހެދުމަށް ހޭދަވާނެކަމަށް އަޅުގަޑުމެންބެލި އަށާރަމަސްދުވަހުގެ ތެރެއިން ހަމަސްދުވަހު ތަނެއްކުއްޔަށްހިފުމަށް ހިގާނެޚަރަދު އެކަމަށްލިބިފައިވާ ފައިސާއިން ދެކޮޅުޖެހެން ނެތުމުންނެވެ. ގެހެދުމަށް ބަޔަކަށް ދޫކުރި އެއްބަސްވުން ހެދިއިރު ހުރިވަރުގެ ގާތްގަޑަކަށް ދެގުނަޔާކައިރި މިންވަރަކަށް ތަންތަނުގެކުލި މައްޗަށް ގޮސްފައިވާތީއެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
އެހެންކަމުން، ގެހަދާދީފައި ދެބުރިއެމީހުން ބޭނުންކުރުމަށްފަހު، އެހެންބުރިތައް އަޅުގަޑުމެން ބޭނުންކުރާގޮތަށް ގެހަދައިދޭން ތަނާއިހަވާލުވިމީހުންގެ އަތުން، އެއްބަސްވުމުގައި އޮތްވަރަށްވުރެ އިތުރަށް އެމީހުންއަތުން ފައިސާނުހޯދާ ބެންކުން ލިބިދާނެތޯ ބެލުމަށް އަޅުގަޑުމެން ބޭނުންވީއެވެ. ކަންދިމާވާގޮތުން، އަޅުގަޑުގެ ކޮއްކޮމެންގެ އަދި އެހެންބިންކޮޅެއްވެސް މާލޭގައި އޮތުމާއި އެތަނުގައި އިމާރާތެއްކޮށް ބަޔަކަށް ކުއްޔަށްވެސް ދީފައި ހުރުމާއެކުގައެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
އަޅުގަޑު ބެންކަށްގުޅާ، ކަމާބެހޭގޮތުން ގުޅަންޖެހޭނީ ކޮންމުވައްޒަފަކާތޯ ބެލީމެވެ. ކޮންމެއަކަސް އެތައްފަހަރަކުގުޅާ އޭނަޔާއި ނުގުޅިގެން އުޅެމުންގޮސް އެންމެފަހުން އެކަމާގުޅޭ އެހެންމުވައްޒަފަކާ ވާހަކަދެއްކީމެވެ. އޭނާއަށް މިހުރިހާވާހަކައެއް ކިޔާދިނުމުން ބުނީ ބެންކުން ލޯނުދޫކުރަނީ ގެއިމާރާތްކުރުމަށްކަމަށެވެ. އަޅުގަޑުމެން މިބޭނުންވެގެންއުޅޭ ކަންތައްތަކަށް ލޯނުދޭގޮތަށް ހަމަޖެހިފައިނެތްކަމަށެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
ކޮލެޓަރަލްގެ ގޮތުގައި މިހާރުވެސް ކުޑަކުއްޔަކަށް ދޫކޮށްފައިވާ ބިންކޮޅެއް އޮތްކަމުގައިވިޔަސް، ގެހެދުމަށްޓަކައި ކުރުމުއްދަތަކަށް ތަނެއްގައި ތިބުމަށް ކުލިދެއްކުމަށްޓަކައި އަޅުގަޑުމެންނަށް އިތުރަށްބޭނުންވި އެއްލައްކަރުފިޔާ ބެންކުން ނުލިބޭނެކަމަށް ބުނުމުން އަޅުގަޑު ހަމަ އަންތަރީސްވިއެވެ. އެކަމާ ހިތްހަމަނުޖެހިގެން ވާހަކަދެއްކުމުން، އެމުވައްޒަފުބުނީ ކިތަންމެހިތްހަމަނުޖެހުނަސް ކުރާނެކަމެއްނެތްކަމާއި އެކަމަކީ މެނެޖްމަންޓުގެ ނިންމުމެއް ކަމަށެވެ. އެހެންވުމުން އެކަމާހިތްހަމަނުޖެހިގެން، ބޭންކްއޮފްމޯލްޑިވްސްގެ ވެބްސައިޓަށްގޮސް އެތަނަށްފޮނުވި ޝަކުވާއަށް އަދި ޖަވާބެއްނުލިބެއެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
އެދުވަހު އަޅުގަޑު ހިތަށްއެރިއެވެ. ވިޔަފާރިވެރިންގެ ގައުމީ ޖަމްއިއްޔާގެ އެގްޒެކެޓިވްކޮމިޓީގައި އަޅުގަޑުވޭތުކުރި ހަތަރުއަހަރު ދުވަހު ދިމާވި ކުދިވިޔަފާރިވެރިންނާއި އަންހެންވިޔަފާރިވެރިން، އެމީހުންގެ ހާލުބަޔާންކުރުމަށް ނުހަނު ހިތްދަތިކަމާއިއެކު ދެއްކިވާހަކަތަކަކީ ތެދުވާހަކަތަކެއްކަން އިތުރަށް ގަބޫލުކުރެވުނެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
އާދެ، ދިވެހިބެންކަކީ ގައުމީބެންކެއް ނޫންކަމެވެ. އެއީ ވަރަށް ފޯކަސްޑް ކޮމާޝަލްބެންކެއްކަމެވެ. އަދި ދިވެހިރާއްޖެއަށް ގައުމީބެންކެއް ބޭނުންވާކަމުގެ ފުންއިހުސާސްކުރެވުނެވެ. މިފިކުރުއިތުރަށް ވަރުގަދަވެގެންދިޔައީ މިއަދުގެ “މިއަދު” ނޫސް ކިޔާލުމުންނެވެ. ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު ޝިހާބު
Comments Off on Benku Khidhumathuge Vaahaka ….! (Dhivehi)

Posted by on May 23, 2008 in Development, Economy, Service, Thaana

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