Business

GST Amendment Seeks to Tax Foreign Tourism Sales: What the Destination Principle Means for the Maldives

F.S - August 18, 2026

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

F.S - August 12, 2026

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

F.S - July 19, 2026

President Dr Mohamed Muizzu has launched the Youth Entrepreneurship Financing Facility, a scheme designed to help young Maldivians secure the capital needed to start...

Gov’t disburses USD 59 million to fishermen to date

byitcloud - May 7, 2024

The government has disclosed that approximately USD 59 million has been disbursed to fishermen since President Dr. Mohamed Muizzu assumed office. During a public forum...

IsDB discusses Islamic finance in Maldives

byitcloud - May 7, 2024

The Islamic Development Bank Institute (IsDB) has held discussions on the development and promotion of Islamic finance in the Maldives. The talks were held during...

FDC celebrates World Day for Safety and Health at Work

byitcloud - May 7, 2024

Fahi Dhiriulhun Corporation Limited (FDC) has celebrated World Day for Safety and Health at Work, underscoring its commitment to workplace safety. The event was attended...

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