
Focused on macroeconomic policy. I unpack inflation, public finances, & central bank decisions for the Maldives. Data-driven economic storytelling @Dhauru
Male' . Maldives
Joined May 2009
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އީގަލް ހިލްސްއަށް ހިލޭ އެދޭ ބިން އަނބުރާ ދިވެހި ދައުލަތަށް ލިބޭނީ ގަރުނެއް ފަހުން. މިއަދު ވިހާ ކުއްޖާ ވެސް އެ ދުވަސް ދެކެން ދުނިޔޭގައި ނުހުންނާނެ. ބިން ހޯދުމުގެ މުގާބިލްގައި އީގަލް ހިލްސްއިން 5,000 ފްލެޓް އަޅަން ހަރަދުކުރާ 500 މިލިއަން ޑޮލަރަކީ އެ ކުންފުނިން ވިލާތައް ވިއްކައިގެން ސަރުކާރަށް ދޭ އާމްދަނީން އުނިކުރާ ފައިސާއެއް. އޭގެ މާނަ އަކީ އެތައް ބިލިއަން ޑޮލަރުގެ ބިމެއް ކުއްޔަށް ހިފުން އީގަލް ހިލްސްއިން ލޯ ލާރިއެއްވެސް ހަރަދެއް ނުކުރޭ. ކިޔާލަން: dhauru.com/post/report/46695
އަހަރެންގެ ހިސާބުން ރަސްމާލެ ހިއްކަން ސަރުކާރުން 1ބިލިއަން ޑޮލަރާ ގާތް ކުރާ އަދަދެއް ހަރަދު ކުރޭ. އެ ހަރަދާ އެކު ރަސްމާލޭން އީގަލް ހިލްސްއަށް ދޭ ބިމުގެ އަގު 408 ބިލިއަން ރުފިޔާއަށް އަރާނެ. އެކަމަކު އެ ބިން އީގަލް ހިލްސްއަށް ހަގީގަތުގައި ދެނީ ހިލޭ. ޑޭޓާ އާޓިކަލް: dhauru.com/post/report/46695
The numbers behind the Rasmalé–Eagle Hills deal wave some serious red flags. It goes far beyond we even imagine. Whole deal is devastating. When I look at the cold data, the numbers tell a horrific story.
🚩 $24B total land value handed over with a $0 upfront fee (given for free)
🚩 A 99-year lease that completely outlives anyone born today
🚩 Developer villa sales projected at $35B vs. a meager $3.1B cut for the State
🚩 A payback timeline stretching from 42 to 298 years, erasing 60% of present value (NPV)
And within 99 years it's nearly impossible to recover even the price of the total land value we are handing over to the Eagle Hills.
Here is my latest data feature: dhauru.com/post/report/46695
Naif retweeted
ރަނގަޅު ވިޔަފާރި މުޢާމަލާތެއްގައި މުދާ ވިއްކާ ފަރާތާއި ގަންނަ ފަރާތަށް ނުވަތަ ކުއްޔަށް ދޭ ފަރާތާއި ކުއްޔަށް ހިފާ ފަރާތަށް ވެސް ފައިދާވާން ޖެހޭނެއެވެ.
ރަސްމާލޭން (ފުށިދިއްގަރުފަޅުން) 500 ހެކްޓަރު ބިން ހިލޭ، އީގަލް ހިލްސަށް ދާއިމަށް ދިނުމުގައި މިކަމެއް ނުފެނެއެވެ.
އިންތިހާއަށް ފައިދާވަނީ އީގަލް ހިލްސްއަށެވެ.
ރާއްޖެއަށް މާލީގޮތުން ލިބެންޖެހޭ ފައިދާ ލިބޭތަނެއް ނުފެނެއެވެ.
500 ހެކްޓަރު ބިން ހިއްކަނީ ދިވެހި ރައްޔިތުންގެ ފައިސާއިން 700 މިލިއަނަށް ވުރެ ގިނަ ޑޮލަރު ހޭދަކޮށްގެނެވެ.
އީގަލް ހިލްސްއަށް ދެނީ ހިލޭއެވެ.
ދައުލަތަށް ލިބޭ އެއްވެސް ފައިސާއެއް ނެތެވެ.
އީގަލް ހިލްސުން އަޅާނެކަމަށް ބުނާ 5,000 ހައުސިންގ ޔުނިޓް ޖެހެނީ ދިވެހި ސަރުކާރުން ގަންނާށެވެ.
މީގެ އިތުރުން މި ޕްރޮޖެކްޓް މިހާރު ރޭވިފައިވާ ގޮތުން މުސްތަޤުބަލުގައި މުޅި ޤައުމަށް ބޮޑެތި އެތައް ގޮންޖެހުންތަކާ ކުރިމަތިލާންޖެހޭ ތަން ފެނެއެވެ.
އަޅުގަނޑުގެ އިލްތިމާސަކީ މި ޕްރޮޖެކްޓް މިހާރު ރޭވިފައިވާ ގޮތަށް ކުރިއަށް ނުގެންގޮސް ހުއްޓާލުމެވެ.
Naif retweeted
📢📢
"MJA also called on media outlets and editorial leaders to maintain a strict and transparent separation between advertorials, sponsored content, independent news and op-ed commentary and ensure that clear labeling is used to differentiate content."
MJA has filed an urgent case with @PoliceMv requesting for an immediate investigation and adequate protection for journalists facing targeted online smear campaigns over their coverage of the Eagle Hills Rasmalé project.
Read more: mja.mv/news-room/mja-files-u…
No journo deserves to be harassed or threatened. I personally know how badly it affects mental well-being. Labeling journalists or any Muslim as infidels, Zionists, or Jews is a dangerous escalation that we cannot take lightly. It directly endangers their lives and families.
mja.mv/news-room/mja-files-u…
In the debate surrounding the Eagle Hills deal, 'Dheenahtakaa, Qaumah takaa' argument is not a valid one. Instead, this needs to be a technical & academic discussion focused on our national FDI policy. There are several critical questions we should actually be raising regarding the RasMale' & Eagle Hills agreement:
**How much is the government spending on dredging RasMale', & does this deal match what we are getting in return in the short term? Are 5,000 flats enough of an upfront return?
**Is charging an acquisition cost necessary, or not?
**Did the government carry out a proper valuation of RasMale' & conduct a study on the opportunity cost of the deal?
**What is our red line for FDIs, & what standards will we be setting for foreign investors?
Ultimately, we need a deeper debate regarding the scale of FDIs in the Maldives so we can reach a unified consensus on our national policy approach. Read More: dhauru.com/post/report/46627
Lately, reading newspaper has become my morning routine. Today’s paper highlights a new CPC policy document setting a long-term roadmap for tech innovation.Seeing how serious economies govern through clear policy papers makes me think of home & why the Maldives desperately needs a national policy document for FDIs to fix our trust deficit. Read my latest article: dhauru.com/post/report/46627
From GMR to F. Atoll, & now the Rasmalé project, every major foreign investment in the Maldives eventually gets hit with the "selling out the country" label.
In my view, it’s because of a deep trust deficit in our institutions. Massive deals are announced out of nowhere without clear rules and national policies.
Island nations like Mauritius, Seychelles, & Singapore attract billions in real estate & residency investments without losing sovereignty because they rely on independent boards & clear laws rather than presidential discretion.
In my latest feature for @Dhaurunews, experts weigh in on how we address the elephant in the room: dhauru.com/post/report/46627
Look at this chart. The monthly raise alone for the Majlis Speaker is higher than the entire monthly salary of a full-time island school teacher or a public sector nurse. Plus, a minister's +17,000 MVR car allowance bump is nearly 2.5x the civil service average salary. Read more: dhauru.com/post/report/46618
In an ideal situation, adjusting state employees' salaries for inflation is a positive step that should be done at regular intervals with proper budget impact assessments. But now is not the time. We are currently facing a budget deficit that is far worse than forecasted. And also the salary disparity between average Maldivian workers & politicians is already wide, & this adjustment will only widen it further. First, we need to address the underlying economic factors to narrow this gap and find ways to increase the take-home pay of average Maldivians. These charts tell us why this decision is wrong: dhauru.com/post/report/46618
Naif retweeted
ބޮޑެތި އުޅަނދުތަކުގެ ބްލައިންޑް ސްޕޮޓްތަކަށް ސަމާލުވަމާ!
މަގުމައްޗަކީ އެންމެނަށް ރައްކާތެރި ތަނަކަށް ހަދަމާ!
#visnadhemey
#magugevaahaka
#WithHDC
#SeatoSilverShores
#HDC25
@PoliceMv
@MyHulhumalemv
Govt is pointing fingers at the tourism sector for the USD crisis, while simultaneously hitting them with a 40% exchange mandate & the new OTA tax. We break down the reality of this blame game with Resort Life Maldives founder Shaaz Waleed @Jangaleesoru on this week’s #EhbasveDhebasvamaa
First, the govt blames tourism businesses for the USD shortage. Now, they are squeezing them with the new OTA tax on Booking.com and Agoda.
Is the state suffocating the industry? Watch Resort Life Maldives founder Mohamed Shaaz Waleed break down the reality on #EhbasveDhebasvamaa Ep.36
MVR is tumbling as the black market dollar rate crosses a record 22MVR. Political noise is high, but what are the actual economic drivers behind this rapid surge?
I believe these are the main reasons:
1️⃣ Indirect money printing (via Pension Fund)
2️⃣ BML's investment scheme drying up informal market dollars
3️⃣ High govt spending increasing MVR in circulation and reliance to the domestic debt
4️⃣ $1B debt repayment clashing with a drop in tourism revenue
Read the full breakdown here: dhauru.com/post/business/455…
Censoring black market exchange rates doesn't create USD. From Venezuela to Nigeria, history shows that suppressing the benchmark only pushes price discovery underground.
Parallel markets are a symptom, not the disease. Read the full article: dhauru.com/post/business/455…
A parallel FX market isn't the problem itself, it's a symptom of structural imbalances in our financial system.
Naif retweeted
Joint Statement by MJA & @TransparencyMV: We strongly condemn the Public Accounts Committee’s amendment to the Foreign Exchange Bill, which bans media from reporting parallel market FX rates. We urge Parliament to reject the bill.
Reporting the realities of the parallel FX market isn't "market manipulation"; it's holding policymakers accountable and stating the economic facts. Banning media from reporting black market dollar rates is outright censorship. Parliament must reject this unconsulted amendment to the Foreign Exchange Bill.














