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...

Fenaka reduces expenditures by 60%

Fenaka Corporation Limited has announced a significant reduction in its expenditure over the past eight months, reporting a decrease of 60% compared to the...

Fisheries Ministry hands over ice plant development in two islands to MIFCO

The Ministry of Fisheries and Ocean Resources has signed an agreement with the Maldives Industrial Fisheries Company Limited (MIFCO), to hand over the establishment...

Development of three fish processing plants will begin this year: Fisheries Minster

Minister of Fisheries and Ocean Resources, Ahmed Shiyam has announced that the development of fish processing plants in three regions of the Maldives will...

MSS expands feeder service to Indonesia

Maldives State Shipping (MSS) has decided to launch its new feeder service to Indonesia, enhancing its operational reach in the region.This service will connect...

DBM’s Chairperson and CEO holds fruitful talks with the President

The Chairperson Aruni Goonetilleke and CEO Noel Gregor Paterson-Jones of the Development Bank of Maldives Limited (DBM) has held a fruitful discussion with President...

Maldives-China currency settlement discussions ongoing

Minister of Economic Development and Trade Mohamed Saeed has held discussions with the People's Bank of China to explore ways to facilitate trade using...

Gov’t opens opportunity to participate in Kandu Roadi Ufaa Festival

The Ministry of Fisheries and Ocean Resources has announced that registration is now open for the "Kandu Roadi Ufaa" festival, organised to celebrate World...

State records increase in revenue so far this year

The Ministry of Finance has recorded an increase in state revenue so far this year compared to last year. The Weekly Fiscal Development Report released...

BCC assists over 6,000 SMEs so far

Business Center Corporation (BCC) has released a statement commemorating its 7th anniversary, which highlighted that the corporation has assisted over 6,000 small and medium...

Efforts are underway to develop Fisheries College

Maldives National University (MNU) has announced that opportunities for students to enroll for the August intake in the Fisheries College. The initiative aims to...

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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