A digest of news and opinion from the Maldives.
Finance Ministry issued a loan of 1MVR 198 million via SME Development Finance Corporation (SDFC) directed at the small businesses operating in the Maldives, under the government’s recovery scheme. This includes small businesses, middle-class businesses, and self-employed people. Under the stimulus package of MVR2.5 Billion, announced by the government, SDFC issues loans for small and […]
Photo credits: HDC Architects Association Maldives has published an Observation Report upon completing the AAM Visits to the “Hiyaa 7000 Housing Project” in the newly developed Phase 2 of Hulhumalé. In the observation report, AAM covered 4 main areas of concern; planning, design, fire safety, and security. Photo credits: Architecture Association Maldives Planning According to […]
Fasmeeru announced the introduction of another delicacy canned tuna to its ‘hot pack’ edition. According to Fasmeeru, the new canned tuna introduced contains hot chilli in oil. While this new canned tuna is mainly composed of ‘Githeyo Mirus’ (Hot Chilie), previously introduced cans of the hot pack edition contained ‘Hiki Mirus’ (Dried hot chilli) and […]
Photo credits: Transparency Mv Mohamed Naseem, the Managing Director at Business Development Service Pvt ltd, called upon the leading companies in the tourism industry of Maldives to launch a project, planting one million coconut trees across the Maldives. “We need your help to safeguard food security plus environment,” read his statement. Photo credits: Human Rights […]
Foreign Minister, Abdulla Shahid has stated the administration of Maldives is ready to agenda more projects with China & will work to reinforce the relationship between two countries. Minister Shahid said that China has always been and the country will continue to assist the Maldives as a crucial economic and bilateral development partner of the […]
Lotus Fihaara has introduced BEE’s Honey for affordable prices to the Maldives. This was revealed in a tweet by Ahmed Arif, Chairman of Senior International, on July 27th July 2020. According to Arif, this product will be available at Lotus Fihaara. The Prices for BEE’s Honey range from MVR 10 to MVR50. The price of […]
Guesthouse Association of the Maldives (GAM) has expressed the associations’ concern regarding the delay in the reopening of guesthouses. A statement released by GAM states that the delay was applying salt on the wounds of the already strained guesthouse industry facing financial difficulties due to COVID-19. In the tourism recommencement guideline issued by the government […]
Ministry of Fisheries, Marine Resources, and Agriculture has revealed the provision of ‘Dhanduveri Nafa’ loan to 25 farming individuals to assist farmers to deal with the financial downturns faced by the industry and to broaden the economy. This was stated in a meeting held with Minister of Fisheries, Marine Resources and Agriculture, Zaha Waheed, in […]
President Ibrahim Mohamed Solih has ratified the 17th Amendment Bill to the Export-Import Act of Maldives (Act No. 31/79), which was passed by the Parliament on 15th July at the 20th sitting of its second session. This sees an increase in the tax on all tobacco products imported to the country. The changes brought will […]