A digest of news and opinion from the Maldives.
The behemoth State Trading Organisation has promised higher salaries for its 1,000-strong workforce after changes to its pay structure. The state-owned wholesaler announced a review of its pay structure in a press release Sunday shortly after local media reported that allowances and working hours will be reduced on October 21 as a cost-cutting measure. “At […]
The new governor of the central bank has expressed concern with the Maldives’ vulnerability to external shocks, such as oil price hikes and reduced tourist arrivals, due to a depleted foreign currency reserve. “Although the growth rate is likely to exceed expectations in the short term, substantial downside risks continue to cloud the medium-term and […]
Credits: Sun.mv Pioneers of Maldivian print and design industry, Donad Investments have opened up their second outlet “Print Sign” in Hulhumale’. Located at Handhuvaree Hingun, Hulhumale’ the store was officially opened by the managing director of Donad Investments Mr Yameen Adam. After the official opening Print Sign General Manager Shaheen Adam said that the Print […]
State Trading Organization (STO) has decided to evaluate and restructure their pay distribution in order to improve the day to day running of the company. In a press release issued by STO on the 15th of October 2017 stated that with the new pay structure employees will be able to enjoy added sales commissions and […]
The National airline, Maldivian has been handed the responsibility to ferry tourists to the developing integrated tourist city, Laamu Baresdhoo. Baresdhoo is an integrated resort project being developed by the Maldives Integrated Tourism Development Corporation Ltd (MITDC). An agreement has been made between MITDC and Island Aviation Services (AIS) who operates the national airline Maldivian. […]
CEO of Maldives Stock Exchange Mr Mohamed Aushan Latheef In 1980, MTCC became the first company to issue public shares in Maldives and in 1984 they issued additional shares. In October 2017, the company is set to issue rights to shareholders for the first time in Maldives yet again. Commenting on the role of MTCC, […]
Hotel Jen welcomed a group of hospitality and tourism students from Imadhuddin School for a private tour of the hotel, both front and back of the house, in conjunction with World Tourism Day on 24th September 2017. The students had a valuable interaction session with the hotel’s senior management staff. Selvarathinam Thangavel, Hotel Jen’s training […]
Import and export of goods in Maldives are reported to have increased greatly in September 2017. The number of import goods increased by 10% while the amount of exported goods increased by 13%. According to reports by Maldives Customs Services, goods imported to Maldives in September 2017 amounted to MVR 3 billion while it amounted […]
Maldives Inland Revenue Authority (MIRA) collected a total revenue of MVR 989.7 million form tax earnings in September 2017. This is a 10.4 percent lower collection compared to that of September 2016. However, this is also the second highest collection for the month of September in the history of MIRA. In 2016 September the total […]