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A digest of news and opinion from the Maldives.

Business

Institute of Chartered Accountants of Maldives Marks International Accountants’ Day

Institute of Chartered Accountants of Maldives Marks International Accountants’ Day

1 min read

President of the Council of Chartered Accountants of Maldives, Auditor General Hassan Ziyath addresses the public with a special message on the occasion of International Accountants Day 2020. In his speech, Ziyath expressed high hopes for the development of the accounting profession in the country due to the recent establishment of the Institute of Chartered […]

HDC Seeks Developer for a Daycare Center in Hulhumale’

HDC Seeks Developer for a Daycare Center in Hulhumale’

1 min read

Housing Development Corporation (HDC) is seeking interested parties for the development and operation of a Daycare Center in Hulhumalé Lot 10949 (N3-44). The selected party will be responsible for the design, construction, and management of the property for the duration of the lease term. A Daycare Center is planned to be developed in Hulhumalé by […]

Amendment to GST Regulation Now Open for Public Consultation

Amendment to GST Regulation Now Open for Public Consultation

1 min read

Maldives Inland Revenue Authority (MIRA) has announced that the Amendment to GST Regulation is now open for public consultation. The Amendment to GST Regulation can be found using this link. It outlines a number of changes brought to the regulation, pertaining to issues such as the provision of goods within the Maldives, price of goods […]

From ‘B+’ to ‘CCC’ in Less Than a Year – Why a Low Fitch Rating Could Devastate Our Economy

From ‘B+’ to ‘CCC’ in Less Than a Year – Why a Low Fitch Rating Could Devastate Our Economy

3 min read

Recently, Maldives’ long-term foreign-currency Issuer Default Rating (IDR) was downgraded by Fitch Ratings from ‘B’ to ‘CCC’. This downgrade comes after a previous downgrade in March, from an IDR of ‘B+’ to ‘B’. The downgrade caused disagreement from the Ministry of Finance, and also sparked a heated debate between Members of Parliament on Twitter. Fitch […]

5 Qualities and Skills All Professional Butlers Share

5 Qualities and Skills All Professional Butlers Share

8 min read

In the line-up of any hospitality team, Butlers play a significant role. As the conduit between the guests and the rest of the teams and the management itself, this translates to a huge responsibility. A responsibility that demands a unique set of skills and abilities on the part of a Butler. The following are some […]

‘Mystery Guests’ to Monitor Compliance to Tourism Guidelines

‘Mystery Guests’ to Monitor Compliance to Tourism Guidelines

2 min read

The Ministry of Tourism has announced that ‘Mystery Guests’ will be travelling to various tourist facilities across the country, on behalf of the Ministry of Tourism. The guests will be inspecting compliance with the regulations set forth by the Health Protection Agency (HPA) and the Tourism Ministry. In a statement released by the Ministry, it […]