Maldives skipjack tuna fishery wins a first-of-its-kind sustainability rating
Monterey Bay Aquarium's Seafood Watch assigns a country-specific rating to the island nation's pole-and-line fleet.
The Maldives' skipjack tuna fishery has received a country-specific sustainability rating from the Monterey Bay Aquarium's Seafood Watch programme — the first time the classification has been extended in this form to a single country's fleet.
Officials at the Ministry of Fisheries said the rating, which categorises the pole-and-line method as sustainable, was expected to raise prices paid to Maldivian exporters in the North American market and reinforce the country's long campaign for its fleet's status.
More from Business
Ismail Rasheed leaves Dhiraagu after four decades, eleven of them as CEO
The country's largest telecom passes to Valdemar Ferradaz, a thirty-year international operator.
BML's Mohamed Shareef becomes first Maldivian to chair the Asian Bankers Association
The appointment took effect on 31 July — and brings the ABA's annual conference to Malé in September.
BML sold US$478 million in foreign currency in the first half
A monthly average of US$80 million, up 30 per cent on last year — sold into an economy still short of dollars.
STO revenue climbs to MVR 6.98 billion as fuel margins narrow
War-driven oil prices pushed the trader's quarterly turnover up 96 per cent on last year — and squeezed its gross margin to 10.8 per cent.