A digest of news and opinion from the Maldives.
Here are the latest news updates of 19th May JSC Begins Investigation of Judge Ibrahim Ali Judicial Service Commission (JSC) has begun the investigation of Criminal Court Judge, Ibrahim Ali for illegally issuing a court order. JSC has assembled an investigative committee to probe the disciplinary issue into the judge. It has been revealed that […]
Maldives has reported 1,143 confirmed cases of COVID-19, with 1,059 active cases, 80 recoveries, and 4 fatalities. Here are the latest updates on COVID-19. Announcements by HPA Additional 37 cases of COVID-19 have been reported by HPA. The new cases include a resident living in Minister Mahloof’s building, hence the building has been placed under […]
On a bid to revive the hard-hit tourism industry, the Tourism Ministry has proposed guidelines to commence safe tourism. The Ministry informs that this guideline draft is open for feedback. Safe Tourism Resort License A licensing fee of USD 50,000 is applicable for the issuance of the safe tourism license. Safe Tourism License shall be […]
On 4th February, Maldives reported a case of ISIS-affiliated stabbing of 3 tourists in Hulhumale’. Following an investigation, Police arrested a total of eight suspects. However, no charges were filed against three of the suspects due to insufficient evidence. According to the Home Minister, Maldives Police Service did a thorough investigation and provided sufficient evidence, […]
The International Islamic Trade Finance Corporation (ITFC), provides US$15 million in favour of State Trading Organization (STO), Maldives to facilitate their procurement of staple food, medicine & medical equipment during COVID-19 pandemic crisis. In addition to the financing of US$15 million, ITFC is also extending a grant for supporting their sourcing of emergency medical equipment […]
Ministry of Economic Development (MED) has simplified the process of registering a foreign investment company in the tourism sector. Previously, if a foreign investor sought to register a company in the Maldives in order to own or operate a tourism property (whether an island, land or lagoon), the investor was required to show evidence of […]
The on-going COVID-19 crisis in the Maldives is likely to improve by the end Ramadan, MNU Chancellor Dr Hassan Hameed said during a virtual meeting of Parliament Committee on development and national heritage. Dr Hassan stressed on not losing hope amid the pandemic and stated that despite people’s assumption that the crisis will prolong, the […]
Businesses who have been rejected to COVID-19 relief loan from Bank of Maldives (BML) and SME Development and Finance Corporation (SDFC) have to request to revise the decision via mail, according to Ministry of Finance. Minister of Finance Ibrahim Ameer has stated that applicants for the relief loan include those who have laid off their […]
By Abdul Haleem About the author: Abdul Haleem is the former CFO at National pension fund. He has extensive experience in accounting systems, controls, investments and financial reporting. He is a chartered management accountant with membership with CIMA (UK). He held the position of Head of Department of Accounting and Finance at Faculty of Management […]