A digest of news and opinion from the Maldives.
A tax is a compulsory financial charge or some other type of levy imposed upon a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures. The Parliament of Maldives had recently approved to decrease the duties on tobacco items imported to two regional ports […]
Ali Aflah recalls the stunned silence he was greeted with after he declared that he wanted Bright Minds Education to teach for free in the wake of the global COVID-19 pandemic. This was followed by the enthusiastic nods of agreement and support from his two business partners and close friends. Having experienced the harsh reality […]
Great-grandfather and Grandfathers raped 2 years old child from GA.Kandhuhulhudhoo Photo: Rajje.mv Social media is flooded with fuming statuses, comments and pictures regarding the current Rape case. Various groups are coming together in numerous platforms to voice out their anger, disappointments and rage due to perpetrators roaming freely among us without proper prosecution and penalties […]
Money of Maldives and America dollar bill on white background, rufiyaa bill and dollar bill. Dollar rate inflation generally stands for a sustained increase in the dollar rate. A depression, on the flip side, is a sustained long-term downturn in economic activity in one or more economies. The rise of dollar rate inflation and the […]
As Maldives is preparing to welcome the world from 15th July, Maldives Airports Company Limited (MACL) has revealed the international airlines resuming dates to Maldives. From July – Qatar Airways – Doha/Male’/Doha – 15th July to 24th October – Emirates – Dubai/Male’/Dubai – 16th July to 21st August – Etihad Airways – Abu Dhabi/Male’/Abu Dhabi […]
Featured Image: Ahmed Riza The basis of contemporary Islamic banking and finance is rooted back to the time of the Prophet (s.a.w). Prophet Muhammad (s.a.w)’s first wife, Khadijah, was a merchant. He acted as an agent for her business, using many of the principles used in modern Islamic banking. During the Medieval Period (till 15th […]
The world is getting populated. The size of the earth remains precisely the same. 55% of the world’s population lives in urban cities and expected to increase to 68% by 2050. The growing demands to create space combined with refined lifestyle needs are enormous issues. Where do we find a solution for this? The resounding […]
Supreme Court decision in the matter of Moosa Naseer v MIRA is a watershed decision that has identified a significant gap between administrative prudence and legal permissibility. Court’s Findings It is undisputed that the Tax Admin Act clothes MIRA with collection and enforcement power over tax and related fees. In initiating court action against Mr Moosa […]
Black Box is a term very familiar in the world of aviation. Every aircraft is equipped with two almost indestructible Black Boxes and to add visibility they are now coloured in bright orange. One is known as the cockpit voice recorder which stores the last two hours of the sound from the cockpit and the […]