A digest of news and opinion from the Maldives.
The Maldives has won 4 prestigious awards in the Indian Ocean category in World Travel Awards – the most prestigious honours programme in global travel and tourism, established in 1993 and recognized globally as the ultimate hallmark of industry excellence. The Maldives has won the following categories this year: Indian Ocean’s Leading Beach Destination 2020 […]
On Monday, the Ministry of Finance submitted a state budget of MVR 34.7 billion for 2021 to the Parliament. It outlined an ambitious plan to increase national income by MVR 1.6 billion in 2021, by introducing six new measures. Summary of proposed activities and projected revenue: Licensing a new telecom operator and frequency spectrum charges: […]
Maldives Transport and Contracting Company (MTCC) has been awarded 10 infrastructural projects worth over MVR 1.1 billion by the Ministry of National Planning, Housing and Infrastructure. The agreements were signed by the Ministry’s Director General Fathimath Shana and MTCC’s CEO Adam Azim at a special ceremony held at state radio broadcast station, Voice of Maldives. […]
Azmyl Design House is a full-service interior design studio located in the Maldives, specializing in both residential and commercial design. Whether you need a quick refresh of furniture and paint colours, or an extensive whole-house redesign or a renovation, Azmyl Design House can provide the expertise to make sure the project runs smoothly and gives […]
The Ministry of Economic Development has revealed that unlike the previous government, they will not be giving any special privileges with the Corporate Resident Visa. On Tuesday, the Ministry announced that the incumbent government will not be giving the “duty-free, tax-free, and fast track service” privileges that were issued by the previous government in 2015. […]
Allied Insurance has decided to host a webinar series to provide information about various types of insurance. In a virtual ceremony held by Allied, the company stated that the series will commence next week, with a total of 8 webinars. Each webinar will last 30 minutes. According to Allied, this awareness program will be carried […]
The largest loyalty program in the Maldives, Privileged Maldives has launched its services with more than 50 popular business outlets, giving remarkable recognition to the businesses and the local talents of Maldives on 10th of November 2020, at 20:20hrs. This Platform offers discounts of 5% to 50% on the outlets listed as Privileged Partners. According […]
Bank of Maldives has announced additional COVID-relief support for Small to Medium Enterprises (SMEs) through funding from the European Investment Bank (EIB). Following the impact of COVID on the local economy, EIB approved the funding and signed a EUR 20 million loan agreement with the Ministry of Finance and Bank of Maldives in June 2020 […]
Maldives Inland Revenue Authority (MIRA) has announced that MVR 390.57 million was collected as tax revenue during the month of October. The largest contribution to tax revenue in October came from Goods and Services Tax (GST). MIRA collected MVR 247 million as GST, which made for 63.3 per cent of the total revenue. The second-largest […]