Business

GST Amendment Seeks to Tax Foreign Tourism Sales: What the Destination Principle Means for the Maldives

A guesthouse in the Maldives sells a room for the night. It charges GST, because the law requires it. A company in another country...

HEP Muizzu takes the hard road on the reforms the Maldives kept deferring

Every serious assessment of the Maldivian economy over the past two decades has said a version of the same thing. The country earns its...

President Muizzu Launches Financing Facility for Young Entrepreneurs

President Dr Mohamed Muizzu has launched the Youth Entrepreneurship Financing Facility, a scheme designed to help young Maldivians secure the capital needed to start...

BML expands Guest House Financing to Haa Alifu Atoll

Bank of Maldives (BML) has launched its Guest House Financing programme in Haa Alifu Atoll to support local tourism and entrepreneurship. The initiative was...

Nominations Open for Pension Office Board

Nominations have been open for a position on Maldives Pension Administration Office (MPAO) board of directors. MPAO is seeking to fill the vacancy of one...

Gov’t Repays Costly USD100 Million Loan to Foreign Agency

The Ministry of Finance and Planning has repaid a USD100 million loan taken from a foreign financial agency during the previous Maldivian Democratic Party...

SDFC to open applications for ‘Viyafaari Ehee’ loan on March 16

The SME Development Finance Corporation (SDFC) has announced that applications for the Viyafaari Ehee loan will open on March 16, 2025. This initiative is designed...

Maldives Greets Over 570 Cruise Passengers from Seychelles

The Maldives welcomed more than 570 visitors on 8 March with the arrival of the cruise ship MS Insignia from the Seychelles. The arrival...

Across China: SW China’s pumpkins go global, boosting rural export

Yang Chuang, a farmer in a remote village in southwest China's Guizhou Province, harvested over 700 tonnes of pumpkins last year, which were processed...

MTCC to Open Henveiru and Hulhumale’ Ferry Terminals to Public Operators

The Maldives Transport and Contracting Company (MTCC) has announced that the Henveiru Ferry Terminal and Hulhumale’ Ferry Terminal will be opened to public ferry...

ITB Berlin 2025: A Crucial Boost for Maldives Tourism, Says Minister Ibrahim

The Internationale Tourismus-Börse (ITB) Berlin 2025 has been acclaimed as a significant triumph, serving as a vital forum to bolster tourist arrivals to the...

Dhiraagu wins award for fastest 5G network in Maldives

Dhiraagu has been recognised as the provider of the fastest 5G network in the Maldives, winning the Speedtest Awards presented by Ookla, a global...

Visam to Remain on MIFSA Board Despite Stepping Down as Registrar

Mariyam Visam will continue to serve on the governing board of Maldives International Financial Service Authority (MIFSA) despite stepping down as the Registrar of...

MOST READ

Maldives Sees Rise in Resort, Safari Occupancy

Statistics have shown that resort occupancy rates increased in...

Maritime, Aviation Development Key to Tourism Growth, says MACL Chief

The growth of the tourism sector is dependent on...

Minister Urges More Oversight from Four Pillars of Gov’t, People to Strengthen Decentralised Governance

The Minister of Cities, Local Government and Public Works,...

2025 to be a year of development project launches and economic recovery: The President

President Dr Mohamed Muizzu has stated that 2025 will...

Maldives Sends Condolences to Vanuatu Following Devastating Earthquake

Minister of Foreign Affairs Dr Abdulla Khaleel has sent...
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