A digest of news and opinion from the Maldives.
Maldives Monetary Authority (MMA) has revealed that Maldives racked up a deficit of MVR 15 billion in 2020. Expenditure stood at MVR 30.6 billion, which is twice the amount of income which was MVR 14 billion. Ministry of Finance had initially projected that, in the worst-case scenario, the nation’s economy will contract to a negative […]
The Capital Market Development Authority (CMDA) has announced Ms Aishath Zahira as the Chairperson of the board. Ms Aishath Zahira had served as the Deputy Governor of the Maldives Monetary Authority until July 2020. Her new position is effective from 10th January 2021, as per the Maldives Securities Act (Law No. 2/2006) clause 6 (b). […]
President Ibrahim Mohamed Solih has created Spokesperson’s position at the President’s Office and yesterday appointed Mohamed Mabrook Azeez to the post. The President made the appointment at the Deputy Minister level. President Solih created the post on January 1, 2021. With the new changes, all inquiries related to the media and communications at the President’s […]
Statistics released by Maldives Immigration shows that the total number of new passports issued for the year 2020 adds up to 13,600 passports only. Maldives Immigration states that a total of 9800 passports were processed in Male’ last year, and the rest processed in Hithadhoo, Fuvamulah, Kulhudhuffushi, and Dhidhoo. This total is a reduction of […]
Following speculation caused by a fake press release circulating across social media, Bank of Maldives (BML) has clarified that no changes were brought to their card limits for foreign transactions abroad and in the Maldives. Following dollar shortages caused by a tourism industry struggling post-pandemic, BML has introduced limits to their cards for foreign transactions […]
The bus services between Hulhule’ (Velana International Airport) and Male’ city have resumed. The recommencement has begun after the suspension of select public transport due to the COVID-19 pandemic. Greater Male’ Transport Link announced the continuation of the bus services on Sunday, detailing that the Male’ to Hulhule’ bus shuttle service will follow the carnival […]
Maldives Inland Revenue Authority (MIRA) has collected MVR 10.5 billion as revenue for last year from January to December 2020. This is 37.7% lower than the amount collected in the year 2019. The majority of the revenue collected in 2020 comprises of GST contributed, with 41.1% (MVR 4.31 Billion) of the total revenue. It is […]
Cocogiri Island Resort, a new luxury resort situated in Vaavu Atoll is scheduled to open on 1st March 2021. Located just 12 minutes away by seaplane from Velana International Airport, Cocogiri is already being hailed as having one of the best house reefs in the Maldives, making it a dream come true for snorkelers and scuba […]
Maldives Transport and Contracting Company (MTCC) has successfully concluded the ‘Hunavaru Licensing Program 2021’ Open Day at Fuvahmulah City. The Open Day was held yesterday from 1400 to 1800 hrs at Fuvahmulah City Council Kurundhumaa Maalan. The company will also be holding an Open Day in Addu City tomorrow, 11th January 2021, from 1100 to […]