Economy

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...

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...

Muizzu calls Indian Ocean a ‘bridge’ for Maldives and Sri Lanka to share prosperity

President spoke at a state banquet in Colombo, urging closer cooperation between the two island neighbours "Together we can turn the Indian Ocean, once a...

President Muizzu arrives in Sri Lanka for State Visit

His Excellency President Dr Mohamed Muizzu and First Lady Sajidha Mohamed have arrived in Sri Lanka on a State Visit. Upon arrival at Bandaranaike International...

Maldivian Aviation Sector Under Strain: Manta Air Joins TMA in Implementing Salary Cuts as Regional Conflict Hits Tourism

Manta Air has become the latest Maldivian carrier to introduce temporary salary cuts as the country's aviation sector buckles under the weight of a...

Maldives on China’s May Fuel Export List as Beijing Eases, but keeps Hormuz-Era Curbs

Beijing has cleared half a million tons of refined fuel for export to eight Asia-Pacific countries in May, with the Maldives named on the...

Government Maps Coordinated Response to Middle East Crisis: Strategic Reserve, Stable Prices, Tourism Recovery

Cabinet Ministers delivered a joint briefing on the Government's economic crisis response, detailing progress on the national fuel storage facility, commodity price stabilisation, fisheries...

India’s Major Airlines Warn of Operational Collapse – A crisis in Indian aviation could land close to home.

Three of India's biggest airlines — Air India, IndiGo and SpiceJet — have issued a stark warning to the government in New Delhi: the...

Floating solar is here. What other PV options could power the Maldives?

Last week brought a milestone Maldivian energy planners have been working toward for years. Swimsol, the Austria-based marine solar specialist, switched on a 2.4...

From record pace to a behind-2025 finish: how the Gulf war broke the Maldives’ best year in tourism

Through February the Maldives was on track to post the strongest first quarter in its history. Two months later, after airspace closures and aircraft...

Qatar Airways Resumes Flights to Maldives After Middle East Suspension

The airline will operate five weekly flights between Malé and Doha, restoring a critical air corridor for tourists, cargo, and perishable imports following disruption...

Day 20 of Iran-US-Israel war sends a deeper shock through energy markets and the global economy

Day 20 of the Iran-US-Israel war marked a dangerous turning point, with the battlefield and the global energy system colliding more directly than at...

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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