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...

MTCC awarded to reclaim land for Guraidhoo Airport Development

The Maldives Transport and Contracting Company (MTCC) has been awarded the contract to reclaim the land required for the development of an airport in...

“Development bank will drive Maldives towards becoming a developed nation”

The CEO of the Development Bank of Maldives (DBM), Noel Gregor Paterson-Jones, has stated that the DBM will play a crucial role in the...

Gov’t achieves unprecedented economic strengthening in one year

The Minister of Economic Development and Trade Mohamed Saeed has stated that the current government has worked to strengthen the economy in ways unparalleled...

Governor underscores need for enhanced system to identify eligible subsidy recipients

Governor of Maldives Monetary Authority (MMA) Ahmed Munawwar has underscored the critical need for an improved system to better identify individuals most in need...

President invites Azerbaijan to increase investments in Maldives

President Dr. Mohamed Muizzu has invited Azerbaijan to increase investments to the Maldives. He extended this invitation during a meeeting held with the President...

Bunkering services generates USD1.5 million as revenue: Minister Saeed

Minister of Economic Development and Trade Mohamed Saeed has stated that the recently inaugurated international bunkering services have led to the generation of USD1.5...

Maldives and AIIB discuss sustainable development and building resilience

President Dr. Mohamed Muizzu has held significant talks with the President and Chair of the Board of Directors of the Asian Infrastructure Investment Bank...

Economic Minister predicts boom in economic activity next year

Minister of Economic Development and Trade Mohamed Saeed has predicted a boom in economic activity next year. He made the remarks during the "Transforming...

MIFCO reports 35% increase in revenue

Maldives Industrial Fisheries Company (MIFCO) has reported a revenue of USD 20.8 million from the sale of its 'Fasmeeru' products in the previous year,...

HDC launches several transformative projects for Hulhumale’

Housing Development Corporation (HDC) has launched several projects, which are bound to bring revolutionary transformations to Hulhumale'. The projects were offically inaugurated by 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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