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...

Bank of Maldives Launches ‘Dhiveheenge Bank – Mulhi Raajje ah’ Campaign, Reinforces National Commitment

Bank of Maldives (BML), the country’s leading financial institution, has today unveiled its latest corporate campaign, ‘Dhiveheenge Bank – Mulhi Raajje ah’, reaffirming its...

Bank of Maldives Posts Strong Q3 Results with Double-Digit Growth

Bank of Maldives (BML) has reported another quarter of solid financial performance, underlining its position as the country’s leading financial institution. For the third...

Stelco’s Dhiffushi Plant Opens in Record Time, Tripling Energy Capacity

President Mohamed Muizzu has inaugurated a new powerhouse developed by the State Electric Company Limited (Stelco) on K. Dhiffushi, marking a significant step forward...

Government Revenue Surpasses MVR 30 Billion Mark by Mid-October

The Ministry of Finance and Planning has announced that the Maldivian State has received over MVR 30 billion in revenue and grants as of...

Bank of Maldives Announces Recipients of BML Scholarship Fund 2025

The Bank of Maldives (BML) has announced the recipients of the BML Scholarship Fund 2025, a prestigious, fully funded programme designed to support exceptional...

Maldives’ Official Reserves Climb to USD 976 Million

The Maldives’ official reserves have risen by six per cent, reaching USD 976 million at the end of last month, according to the Maldives...

PayPal Set to Launch Services in the Maldives Through Partnership with Ooredoo Fintech

The Maldives is on the brink of a major digital milestone, as Minister of Economic Development and Trade Mohamed Saeed confirmed that the system...

Maldivian Launches Promotional Fares to Cochin and Thiruvananthapuram

Maldivian, the national airline of the Maldives, has announced special promotional fares for return flights to the Indian cities of Cochin and Thiruvananthapuram. The...

Bank of Maldives and American Express Launch New ‘Experience Maldives’ Campaign for Premium Travellers

Bank of Maldives (BML) and American Express have teamed up once again to launch the latest edition of Experience Maldives, a two-year destination campaign...

Maldivian Signs Interline Agreement with Azerbaijan Airlines

National airline Maldivian has entered into a strategic interline agreement with Azerbaijan Airlines, aimed at simplifying travel for international passengers arriving in the Maldives. 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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