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Saturday, January 18, 2025

Economy

President Dr Muizzu Reaffirms Commitment to Transform Mahibadhoo into Urban Centre

President Dr Mohamed Muizzu has reiterated his administration’s pledge to transform Mahibadhoo, Alifu Dhaalu Atoll, into an urban centre, including the reclamation and development...

Parliament Greenlights Forex Bill to Tackle Foreign Currency Shortage

Parliament on Thursday adopted the government-proposed Foreign Currency Bill (Forex Bill) designed to mitigate the ongoing foreign currency shortage in the country. The bill,...

Government’s Forex Bill Clears Committee Stage

The Public Accounts Committee of the Parliament has endorsed the government-proposed Foreign Currency Bill (Forex Bill), which aims to mitigate the foreign currency shortage...

President ratifies the amendments to the Goods and Services Tax Act

President Dr Mohamed Muizzu has ratified the seventh Amendment to the Goods and Services Tax Act of the Maldives. The amendment was approved by...

Gov’t to introduce measures to keep jet handling revenue domestic

Minister of Transport and Civil Aviation, Mohamed Ameen, has announced that the government will implement measures to ensure the revenue from the jet handling...

Shipment from India transported via Sea-to-Air Cargo services to Europe

Maldives Airports Company Limited (MACL) has announced that a shipment from India has been transported Germany, via Sea-to-Air Cargo services. MACL stated that the...

BML reports USD 31.9 million as net profits for third quarter

Bank of Maldives (BML) has released its Third Quarter 2024 report, reporting USD 31.9 million as net profits, a notable 9.6% increase from the...

President ratifies the amendment proposed to the Export-Import Act

President Dr. Mohamed Muizzu has ratified the 19th Amendment of the Export-Import Act of the Maldives. The amendment was approved by the Parliament on...

BML introduces ATM services in Himandhoo

Bank of Maldives (BML) has commenced ATM banking services in Himandhoo, Alif Alif Atoll. This initiative is part of the bank's broader efforts to...

Parliament approves amendments to increase duties on tobacco products

The Parliament has officially approved the amendments to the Export Import Act, proposed by Parliamentarian Ibrahim Mohamed, on behalf of the Government. The primary...

Statistics Bureau commences information collection on the job market

Maldives Bureau of Statistics has commenced an initiative, to collect information pertaining to the job market. As such, it has begun to conduct the...

Customs symposium vital to expedite goods clearance: Shareef

Managing Director of Maldives Airports Company Limited (MACL) Ibrahim Shareef Mohamed has emphasised the crucial role of the ongoing symposium organised by Maldives Customs...

DBM will facilitate financing for development projects: Minister Saeed

Minister of Economic Development and Trade, Mohamed Saeed, has announced that the Development Bank of Maldives (DBM) will serve as a key partner in...

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Maldives Sees Rise in Resort, Safari Occupancy

Statistics have shown that resort occupancy rates increased in...

Minister Urges More Oversight from Four Pillars of Gov’t, People to Strengthen Decentralised Governance

The Minister of Cities, Local Government and Public Works,...

Maritime, Aviation Development Key to Tourism Growth, says MACL Chief

The growth of the tourism sector is dependent on...

Maldives Sends Condolences to Vanuatu Following Devastating Earthquake

Minister of Foreign Affairs Dr Abdulla Khaleel has sent...

MNU and MPAO Sign Agreement to Promote Research and Awareness

The Maldives National University (MNU) has signed an agreement...
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