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...

MIRA notes progress in efforts to recover outstanding debts

Commissioner General of Taxation Hassan Zareer has said positive progress in the Maldives Inland Revenue Authority's (MIRA) efforts to recover outstanding debts. Speaking to PSM...

Fisheries Ministry to develop lobster fishery sustainably

The Ministry of Fisheries and Ocean Resources has introduced a new plan to develop the lobster fishery in an environmentally sustainable way.The Fisheries Ministry's...

WAMCO to offer waste disposal for vessel seeking bunkering services

Waste Management Corporation Limited (WAMCO) has signed an agreement with Maldives Ports Limited (MPL) to provide waste disposal services to the vessels seeking international...

MPL’s sea-to-air service connects with Emirates

Maldives Ports Limited's (MPL) sea-to-air cargo services have connected with Emirates Airlines.Sea-to-air cargo services were introduced by MPL in collaboration with Maldives State Shipping...

New VIA terminal expected to boost tourism: Tourism Minister

Minister of Tourism Ibrahim Faisal has announced that the new terminal at Velana International Airport (VIA) will be inaugurated by December this year, marking...

Self-employed Maldivians can now register their businesses: BCC

The Business Centre Corporation (BCC) has revealed that self-employed individuals in the Maldives are now able to register through its newly opened registration system.BCC...

MIRA joins Belt and Road Tax Cooperation

The Maldives Inland Revenue Authority (MIRA) has officially joined the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM). Commissioner General of Taxation Hassan...

Road work to occur only under supervision of company technician: Fenaka

Fenaka Corporation Limited has emphasised that road development work should only proceed under the supervision of a technical employee from the company. The request...

The President visits Google Office in New York

President His Excellency Dr Mohamed Muizzu visited the Google Office in New York, where he was welcomed by Google Public Sector CEO Karen Dahut. Following...

Over 50% of vessels registered in National Fishermen’s Register

The Ministry of Fisheries and Ocean Resources has announced that more than 50% of vessels have now been registered in the National Register 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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