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...

Vice President emphasises importance of small firms in the economy

Vice President Hussain Mohamed Latheef has emphasised the critical role of small and medium enterprises (SMEs) in the economy, describing them as the backbone...

Gov’t aims to diversify fishing industry: Minister Shiyam

Minister of Fisheries and Ocean Resources Ahmed Shiyam has revealed the government's overarching goal of diversifying the fishing industry, aiming to transform it into...

Gov’t announces plans to make Maldives a hub for Islamic finance

Minister of Finance Moosa Zameer has announced that the government is working towards making Maldives a regional hub for Islamic finance. In an exclusive...

Education Minister confirms clearance of outstanding bills, USD 2.21 million remains

Minister of Education Dr. Ismail Shafeeu has stated that all but USD 2.21 million of the outstanding bills of the educational projects have been...

Parliamentary Budget Committee approves USD 3.7 bln State Budget 2025

The Parliament's Budget Committee has approved the government-proposed USD 3.7 billion for state budget 2025. The committee passed the budget without any modifications but...

World Cargo Airlines joins MPL’s sea-to-air cargo services

World Cargo Airlines, a Malaysian airline, has joined the sea-to-air cargo services offered by Maldives Ports Limited (MPL). The Sea-to-Air cargo service facilitates the transport...

Fisheries ministry initiates 25-year masterplan for industry development

The Ministry of Fisheries and Ocean Resources has begun efforts to formulate a 25-year masterplan for the fisheries industry. The ministry announced that the strategic...

NSPA raises concerns over pharmacies rejecting reduced medicine prices

CEO of the National Social Protection Agency (NSPA) and spokesperson for the President's Office Heena Waleedh has expressed concerns about some pharmacies refusing to...

Aasandha seeks to negotiate lower prices with private hospitals

CEO of Aasandha, Aminath Zeeniya has expressed concerns over the high prices charged by major private hospitals, stating that efforts are underway to negotiate...

WAMCO aims to boost revenue by enrolling 8,000 businesses in waste collection services

The Managing Director of Waste Management Corporation (WAMCO), Mujuthaba Jaleel, has outlined the company’s objective to increase its revenue by enrolling 8,000 businesses in...

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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