A digest of news and opinion from the Maldives.
Economic Minister Fayyaz Ismail has stated that the government is planning to reduce the level of imports to the country in the future. In a press conference, Minister has revealed that the government has selected 17 agricultural products to produce in the Maldives. He further added that the government has chosen 44 islands to advance […]
Economic Minister Fayyaz Ismail has revealed that 837 expatriate workers have requested repatriation. Minister Fayyaz has stated that Bangladesh Civil Aviation has temporarily banned any expatriate workers residing the Maldives to enter the country, and due to that, the repatriation has been delayed. In addition to that only 130 expatriate workers have the passport and […]
STO’s Managing Director Hussain Amru has visited the Kashidhoo farms and revealed plans to initiate food security in the Maldives. In a tweet, Amru said, “So good to see enterprising farmers here and hoping we can help them sustain their livelihoods.” Amru further stated that reducing the dependency on foreign countries is essential for the […]
Ministry of Finance has revealed that the Green Tax revenue generated for February 2020 declined by 3.5 per cent. As per the Ministry’s Green Fund Report, Green Tax dropped in comparison with the same period in 2019. The total revenue earned for February, in Green Tax was recorded at MVR 77,023,981.14. The Ministry’s Green Fund […]
The most recent statistics from the Maldives central bank reveals the international reserves and the usable reserves of the island nation had decreased in February 2020. Maldives Monetary Authority (MMA) revealed in their latest statistical report the island nation’s usable reserve was recorded at USD277.7 million by the end of review month while in January, […]
Maldives Inland Revenue Authority (MIRA) has announced that they will be opening their office on the 13th, 14th, and 16th of April. In a press statement released by the authority, they have stated that this is in regard to the President’s instructions to provide essential services with minimum employees necessary to carry out the essential […]
Bank of Maldives (BML) has revealed that around 12,000 loans have been applied for deferment. BML opened the opportunity to defer the repayment period to 6 months, as an initiative to help people during the economic downfall caused by COVID-19 pandemic. BML provided this opportunity to its customers on 2nd April. BML has also introduced […]
The government has introduced a stimulus package of MVR 2.5 billion to assist businesses amid the pandemic. Tourism industry experts have raised their concerns about the stimulus package. A top tourism stakeholder has stated that the working capital loans given under the stimulus package should be exclusive to small and medium enterprises, with resorts given […]
Housing Development Corporation (HDC) has arranged online payment methods for rent payments of Hulhumale’ flats, rowhouses, and houses. HDC has advised transferring the payment with details of the flat or row house to its account 7701134831003 and to Viber the receipt to 7290448. HDC further stated that the details of flats and rowhouses in Hulhumale’ […]