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...

President attends official signing of second additional loan agreement for VIA expansion

President Dr Mohamed Muizzu has attended the official signing with Saudi Fund for Development (SFD), for the second additional loan agreement for the expansion...

China issues 9.78 trillion yuan in new loans in first three months

China issued 9.78 trillion yuan (1.36 trillion U.S. dollars) in new yuan-denominated loans in the first three months of 2025, central bank data showed...

Chinese, Indonesian presidents exchange congratulations on 75th anniversary of ties

Chinese President Xi Jinping on Sunday exchanged congratulations with Indonesian President Prabowo Subianto over the 75th anniversary of diplomatic ties between the two countries. In...

Maldives Sees 300 Percent Hike in Sea to Air Cargo Transshipments

Velana International Airport (VIA) has seen a 300 percent increase in sea to air cargo transshipments in the past few months, the airport operator,...

Why are U.S. tariff hikes self-defeating?

Despite widespread criticism and high volatility in U.S. stock markets after tariff hikes, the White House clarified on Thursday that the total effective tariff...

Beijing projects fully large-scale 5G applications by 2027

Beijing will achieve large-scale 5G application and comprehensive 5G integration across industries by the end of 2027, positioning itself as a leading national benchmark...

Trump’s “reciprocal tariffs” a manifestation of Washington’s modern-day piracy

Beneath Washington's relentless trade practices lies a deeper truth: the enduring legacy of a piratical past, now institutionalized as policy and disguised in rhetoric...

U.S. starts collecting Trump’s 10% tariff, upending global trade

U.S. customs agents began collecting President Donald Trump's unilateral 10 percent tariff on all imports from many countries on Saturday, with higher levies on...

China willing to expand all-round cooperation with ADB: Chinese premier

Chinese Premier Li Qiang met with Asian Development Bank (ADB) President Masato Kanda on Monday in Beijing, expressing willingness to further expand all-round cooperation...

Policies in place to ensure affordable prices for fruits and vegetables: President

President Dr Mohamed Muizzu has announced that the Administration is implementing policies to ensure affordable prices for fruit and vegetables, while speaking on Rayyithunnaa...

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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