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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...

Gov’t notes RuPay card will boost Indian tourist arrivals

Gov’t notes RuPay card will boost Indian tourist arrivals The introduction of the RuPay card service in the Maldives aims to enhance the Indian tourist...

MMA issues licence for the Development Bank of Maldives

Maldives Monetary Authority (MMA) has issued the licence required for the Development Bank of Maldives Limited (DBM). President Dr. Mohamed Muizzu announced the formation...

Government pays USD 25 million for sukuk repayment

Ministry of Finance has disclosed that the government has made a payment of USD 49.4 million towards securities due in the International Debt Capital...

MPL’s sea-to-air service connects with Emirates

Maldives Ports Limited's (MPL) sea-to-air cargo services have connected with Emirates Airlines.Sea-to-air cargo services were introduced by MPL in collaboration with Maldives State Shipping...

The first vessel docks for Uthuru Maritime Service

The inaugural vessel to utilise the Uthuru Maritime Service (UMS) docked with the oil tanker "JIAN JIE" on October 3. The Panamanian ship en...

Maldives and Indonesia discuss strengthening trade and economic ties

Maldives and Indonesia have held extensive discussions, aiming to strengthen trade and economic ties. The discussions were held between the Ambassador of Indonesia to...

New VIA terminal expected to boost tourism: Tourism Minister

Minister of Tourism Ibrahim Faisal has announced that the new terminal at Velana International Airport (VIA) will be inaugurated by December this year, marking...

Self-employed Maldivians can now register their businesses: BCC

The Business Centre Corporation (BCC) has revealed that self-employed individuals in the Maldives are now able to register through its newly opened registration system.BCC...

MIRA joins Belt and Road Tax Cooperation

The Maldives Inland Revenue Authority (MIRA) has officially joined the Belt and Road Initiative Tax Administration Cooperation Mechanism (BRITACOM). Commissioner General of Taxation Hassan...

MOST READ

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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