A digest of news and opinion from the Maldives.
The Maldives has introduced new measures to curb the decline of wild grouper, a coral reef fish vital for reef health. The new measures include revised minimum size limits for the most highly valued grouper species, based on evidence collected by the Maldives Marine Research Institute (MMRI), formerly Marine Research Centre and Blue Marine Foundation […]
Ministry of Finance has compiled a policy announcing that city councils must make a new agreement for collecting land rent. This announcement is publicized in relevance to the Decentralisation of the Administration Divisions of the Maldives Act 7/2010; an Act that aims to empower administrative state bodies to collect and keep profits within the division. […]
President Ibrahim Mohamed Solih has on Wednesday constituted the Kulhudhuffushi Regional Hospital Governing Board and appointed six members. The composition of the board is as follows: Aminath Gasim Dr Aminath Nazeer Moomina Abdulla Hassan Shujau Abdul Latheef Hassan Ahmed Dawood President Solih appointed Aminath Gasim as the chairperson of the board. Full details are available […]
Maldives Monetary Authority (MMA) has revealed that Maldives racked up a deficit of MVR 15 billion in 2020. Expenditure stood at MVR 30.6 billion, which is twice the amount of income which was MVR 14 billion. Ministry of Finance had initially projected that, in the worst-case scenario, the nation’s economy will contract to a negative […]
The real gross domestic product (GDP) is projected to grow by 13.5% next year, according to a report released by Maldives Monetary Authority (MMA). This is despite staggering declines in real GDP in 2020, mainly attributed to pandemic-induced recessionary effects that halted our economy. The ‘Economic Update December 2020’ report by MMA shows that in […]
Maldives Inland Revenue Authority (MIRA) has announced the issuance of a new digital sticker for annual vehicle fee payments. Starting from 1st January 2021, those who make their annual vehicle fee payments online will be able to receive the sticker online as well. According to MIRA, from 1st January onwards, the authority will be issuing […]
The Civil Service Commission (CSC) has passed to increase the salaries of civil service administrative workers and has presented it to the National Pay Commission (NPC). While 24,514 employees are currently employed as civil servants, the largest number of these workers is within the administration sector. The CSC proposed to raise the salaries of these […]
Maldives Pension Administration Office has announced the appointment of Mr John Grindall as the Chief Executive Officer. Mr Grindall has over 25 years of experience in the insurance and pension industry. He has held executive positions including Interim Chief Actuary at Malta Financial Services Authority, Senior Actuary at the Lloyds Banking Group and Chief Operating […]
Maldives Monetary Authority (MMA) has amended the law which sets out the minimum amount of cash that must be declared to Maldives Customs. If one is carrying more than USD 10,000 in physical money in or out of the country, it must now be declared to customs. This amendment was made in order to bring […]