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...

Sign-ups begin for BML Wow Kids Run 2025

Registration has opened for the 2025 BML Wow Kids Run, an annual children’s running event organised by Bank of Maldives (BML) in collaboration with...

CA Maldives Tips Auditors Forum to Shape Future of Audit Profession

The first Auditors Forum has received a better response than expected, Chartered Accountants of the Maldives (CA Maldives) President Mohamed Haleem Abdulla has said,...

Cabinet approves sale of Government stake in SME Development Finance Corporation to Bank of Maldives

The Cabinet has approved the sale of the Government's stake in the SME Development Finance Corporation (SDFC) to the Bank of Maldives (BML). This strategic...

Maldives Must Continue Promoting Investment Opportunities, Says Economic Minister

The Minister of Economic Development and Trade, Mohamed Saeed has emphasised the importance of consistently promoting and marketing investment opportunities in the Maldives. In a...

Riyadh Expo 2030 hosts reception in Osaka to boost international cooperation

Riyadh Expo 2030, in collaboration with the Kingdom’s Embassy in Japan, hosted a reception in Osaka on Thursday to highlight Saudi Arabia’s readiness and...

Global automakers eye deeper role in China’s smart supply chains

As global supply chains undergo digital transformation, major automakers are looking to deepen their integration into China's advanced manufacturing and smart supply chain systems. At...

Intangible heritage fuels growth and creativity in central China

In a factory workshop in Huangchuan County, central China's Henan Province, nimble hands stretch strands of dough with practiced precision. The threads are kneaded, twisted,...

BML Increases Dollar Support for SMEs Sixfold, Easing Foreign Payment Bottlenecks

On 30th June, the Bank of Maldives (BML) announced a major adjustment in its dollar allocation policy for small and medium enterprises (SMEs), increasing...

British Businesses Play Key Role in the Maldives’ Economic Journey: President Muizzu

President Dr Mohamed Muizzu has highlighted the role of British businesses can play in advancing the Maldives’ economic transformation towards a resilient and diversified...

Maldives Launches “From Maldives” Brand to Boost Global Recognition of Fisheries Products

The Government of Maldives has officially launched a new national brand for Maldives fish products, titled "From Maldives”. The brand was unveiled by President Dr...

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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