Business

AgroNat to Move Under MIFCO as Government Pushes Ten Citizen Owned Resorts

President Dr Mohamed Muizzu outlines economic diversification and tourism ownership plans at a press briefing at the President's Office in Malé on 7 September 2026.

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...

Payments to Fishermen Processed Within 48 hours, Presidential Pledge fulfilled

Payments to local fishermen have been processed within 48 hours for the first time, in line with President Dr Mohamed Muizzu's pledges for the...

Tourist Arrival Numbers Cross 2023 Figures

Minister of Tourism Ibrahim Faisal has announced that the Maldives' tourist arrival numbers have surpassed the previous year's arrival figures. In 2023, the island nation...

President Pledges Airport in Alifu Alifu Atoll to Boost Development

President Dr. Mohamed Muizzu on Sunday pledged a domestic airport for Alifu Alifu Atoll, saying such ease of access was essential to bring much...

President Vows to Back Local Councils in Economic Ventures

President Dr Mohamed Muizzu on Sunday extended the government’s full support to local councils in implementing economic ventures. The President made the pledge during his...

Govt has no Desire to Control Fisheries Industry, Want to Empower Fishermen, President insists

President Dr Mohamed Muizzu on Sunday, expressed his wish to hand the reins of the country’s fisheries industry over to local fishermen. Addressing the residents...

President Announces Installation of U.S. Dollar ATM in Thoddoo to Help Boost Local Tourism

The government plans to enhance banking services with the installation of a U.S. dollar ATM in Thoddoo, Alifu Alifu Atoll, President Dr Mohamed Muizzu...

HDC announces continuation of water theme park development

Housing Development corporation (HDC) has announced plans to resume the development of the water theme park in Hulhumale'. Speaking at the parliament's Public Accounts...

State revenue progresses, USD1.95 earned up to date

Ministry of finance has reported progress in state revenue, compared to last year. The weekly fiscal report indicates that the state received USD2 billion...

MSS and Malaysia’s ALAM sign agreement to provide employee training

Maldives State Shipping (MSS) and Malaysia's maritime academy, Akademi Laut Malaysia (ALAM) have signed an agreement to provide training for employees. The agreement was...

Bunkering services; a significant industry in the long-run

Managing Director of State Trading Organisation (STO) Shimad Ibrahim has revealed that the international bunkering services were currently in the first phase, emphasising the...

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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