A digest of news and opinion from the Maldives.
Maldives Association of Tourism Industries (MATI) proposes the government to ease the tourism land rental taken as an advance on resort land rents. This proposal was proposed to the government in a meeting held to discuss the measures that can be taken to mitigate the impact COVID-19 pandemic will have on the tourism industry. MATI […]
Economic Minister Fayyaz Ismail has announced that freelancers will be eligible for SME’s loan given by the SME Development Finance Corporation (SDFC). Economic Minister has stated this after professionals in the artistic field such as musicians and photographers expressed their concerns as they are faced with a lack of income due to the restrictions in […]
Maldives Inland Revenue Authority (MIRA) has announced several eases to policies to accommodate tax instalments. In a press statement, MIRA has stated they have extended the instalment tax paying period to 3 months. The announcement further added that the authority will allow taxpayers to get into an instalment agreement even if they pay a smaller […]
Ooredoo Maldives extends a special offer to support its customers stay updated and connected with their loved ones during the COVID -19 pandemic, by providing 25% bonus data on all postpaid plans. This special bonus aims to support customers who have exhausted their allowances towards the end of this month and will be renewed again […]
Maldives flagship carrier Maldivian has announced plans to operate chartered cargo flights amid the COVID-19 pandemic. The airline revealed routes to Colombo, Indian cities of Trivandrum and Chennai, Thailand and Dubai. Maldivian reports that according to the demand, they will operate chartered flights to other destinations as well. Managing Director of Maldivian Mohamed Rizvee has […]
Maldives Monetary Authority (MMA)’s Governor Ali Hashim has announced that all banks have agreed to extend the loan repayment period amid the spread of COVID-19 pandemic in the Maldives. There are eight banks operating in the Maldives, and only Bank of Maldives (BML) has announced the extension in the loan repayment period. Other banks such […]
President Ibrahim Mohamed Solih has announced a temporary suspension of on arrival visa for tourists. With this decision, the tourism industry has come to a halt. This halt could be the right time for us to rejuvenate our environment. On a daily basis, our coral reefs are exposed to sunscreens and many other chemicals and […]
Bank of Maldives (BML) announces revised working hours during 30th March and 2nd March 2020. BML has stated that they will be working from 9:30 am to 11:30 on 30th March and 2nd April. On 30th March and 2nd April, Main branch, Villimale and Hullhumale branch, Airport branch, BML Islamic branch, Customer service centre, and […]
President Ibrahim Solih has announced that the government is working on introducing a trading platform to provide fresh fruits and vegetables to the public. In a press conference, President stated that farmers have already started farming for Ramadan month, and due to travel restrictions the supply of these products might be difficult. Thus the government […]