4 results for “Economy”
The 15% U.S. Tariff: A Reminder of Our Structural Exposure
The United States’ new 15% tariff on imported seafood is unlikely to significantly affect the Maldives directly, as the U.S. accounts for only a small share of Maldivian tourism and merchandise exports. However, indirect exposure may exist through Thailand, which imports nearly half of Maldives’ merchandise exports, mainly raw and frozen tuna. Thailand processes this fish and exports canned and value-added seafood products to major markets including the United States. If Thai seafood exporters face higher costs due to the tariff, pressure may eventually affect procurement prices for Maldivian raw fish. For now, the Maldives remains in a cautious “wait-and-see” position.
Leaving the grey economy
Informal arrangements have long been the norm for most things in the Maldives. From our date of independence, set to coincide with President Nasir’s visit to his dentist in Colombo to the hustle of everyday business in t...
Maldives, black swans and the unknown
It hit us one morning and within hours left 83 dead, scores homeless and a crippled economy in its wake. Though we’ve made a full recovery since the Indian Ocean tsunami of 2004, there is one lesson we have perhaps yet t...
Why not today?
Walking down the road in an Island in Baa Atoll, named Hithaadhoo, found some Fruits in the shades of a tree with some price tags. Also, just next was a Jar with some Coins and Cash inside, may have around a 1000 MVR in...