DO News Review Maldives Dictator Gayyoom's promise to increase government employee salaries –a rather transparent election sop –has backfired badly on him. As predicted, the announcement has driven consumer prices through the ceiling, making an already difficult life impossible for ordinary Maldivians. They are not amused. The price of a staple item such as a loaf of bread has increased from 11 rufiyaa to 15. Taxi drivers have announced a fare hike from 15 to 20 rufiyaa, while landlords are contemplating an increase in rents, which is expected to be in the range of 20 to 30%. The high shop rents, when they come, will be most certainly passed on to the consumer, thereby worsening the situation. more
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