A digest of news and opinion from the Maldives.
The four Sri Lankan vessels that were spotted off G.Dh. Kolamaafushi on November 18, 2017. The fisheries ministry declared on Tuesday that the Sri Lankan vessels that were spotted in Maldivian territory last Saturday had entered the country illegally. The fisheries ministry’s director Adam Ziyad claimed that it had not given approval to the Sri Lankan […]
Urvashi Rautela Arrives at Velana International Airport Beauty queen Ms Urvashi Rautela has arrived in the Maldives on the 22nd of November 2017. She is an Indian film actress and model who predominantly works in Hindi films. She is expected to be a guest at the Maldives Travel Awards Gala Edition which is due to […]
A chapter of the forums organised for Small and Medium Enterprises (SMEs) by the Ministry of Economic Development, “SME Finance Forum” will be held at HDh. Kulhudhuffushi on 26 November. According to the Ministry, the forum held in Kulhudhuffushi is especially for the HDh. Atoll area and information about development and growth of SMEs in the […]
The original Dhivehi article was published on Avas.mv website on 21st November 2017. The following is a loose translation: GST Threshold to be eliminated Revision to BPT law Measures are to augment revenue To increase revenue, the government has included necessary revisions to the tax system in the next year’s budget. The Financial Minister Ahmed […]
The four children of former President Maumoon Abdul Gayyoom (L-R): Dhunya, Faris, Yumna and Ghassan. The Civil Court has ruled against the children of former president Maumoon Abdul Gayoom in a lawsuit filed by Rasheed Carpentry & Construction (RCC), a private company of which the family of jailed former defence minister Mohamed Nazim are stakeholders. […]
Singapore’s Fomento Associated Company has filed suit in Maldives Civil Court against ADK to recover a US$ 1.5 million loan. The loan was taken back in 2011, with a personal guarantee from ADK Company Chairperson Ahmed Nashid. The case was initially filed in a lower court in Singapore. In 2014, the court had decreed that […]
Quest Aircraft parent company Setouchi Holdings has entered a joint-venture agreement with Maldives state-run airline Island Aviation Services to launch a seaplane operation, Sky Atoll Private. It will initially operate four Quest Kodiak 100s. Sky Atoll Private will dispatch the aircraft throughout the Republic of Maldives, which is made up of 1,200 coral islands. Seaplanes are […]
BODU HITHI, The Maldives: A gentle breeze blew past as we huddled around our communal dining table while the waters gently lapped against the support pillars of the boardwalk restaurant we were in under a starlit sky. The conversation flowed easily, even if it was among strangers, as is wont to happen in such an […]
The government of Maldives has proposed to bring amendments to tax regulations of the country. These amendments are expected to help increase national income. One of the changes that would be brought about is the dissolution of the threshold for registration statement of Goods and Services Tax (GST). Additionally, there will be changes to Business Profit Tax (BPT) […]