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Over 33 thousand shares have been bought by the public from the 833 thousand shares floated by the Maldives Tourism Development Corporation(MTDC). The value of shares sold in this second round of such offering now was 3.7 million rufiyaa, local news reports said.

The shares are on the market until the 15th of January and reports quoted the MTDC as saying it expected the remaining shares to be sold during the last week of offer.

School holidays in the Maldives, when many parents travel out of Male', have been seen as one of the reasons for the relatively slow sale of MTDC shares. 

The Maldives Tourism Development Corporation (MTDC) has planned to invest $100 thousand (1.28 million Rufiyaa) on human resource development to meet the company's needs, reports quoted Tourism Minister Dr. Shougee as saying.

MTDC would generate about 5 thousand new jobs when its investments begin operations, the Minister was said to have told the People's Majlis (parliament).

The training would include sponsorship of students on courses offered by the Faculty of Hospitality studies.

Herathere, the resort being developed in Addu Atoll by the MTDC, employs only Maldivians in its construction.

Of the traditional tourist markets for the Maldives, France registered the highest rate of increase in arrival figures during the 11 months January to November this year compared to arrivals for the same period last year. With about 122% growth to end November this year compared to 2005, France has a share of 7.2% of total arrivals to the Maldives.

Of the top 5 traditional markets Japan also registered healthy growth of about 76% January to November this year compared to the same period in 2005. Japanese tourists formed about 7% of total arrivals to the Maldives this year.
The leading market for the Maldives, Italy with 20% of all arrivals, registered 78% growth for the period this year compared to January to November 2005, and the second highest performer, the UK with 18% share, had a growth of 25% during the periods under comparison.
The other important markets Germany (2% of arrivals), China (6% of arrivals), Russia (3.5% of arrivals), also registered positive growth to end November this year. 


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