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A digest of news and opinion from the Maldives.

Politics

Huge gathering of international companies expected at Maldives Investment Forum 2017

Huge gathering of international companies expected at Maldives Investment Forum 2017

2 min read

Ministry of Economic Development stated that 140 international companies have registered for the Maldives Investment Forum (MIF) 2017. This year’s forum is scheduled to be held in Dubai on 18 December. In an interview with PSM, Deputy Minister of Economic Development Mr Adam Thaufeeg said that this year’s forum is attracting a substantial amount of […]

Govt awarded only fraction of Hulhumale flat project to China firm: HDC

2 min read

Overhead shot of government flats in Hulhumale. PHOTO/MIHAARU Amidst recent foreign reports that the Maldives has awarded development of housing units for 80,000 people in reclaimed suburb Hulhumale to a Chinese state-run firm, Housing Development Corporation (HDC) on Wednesday clarified that the government handed over the development of only 16 out of 62 towers to […]

majlis

Opposition seeks top court order to halt vote on state budget

1 min read

Lawmakers pictured during a parliament sitting. PHOTO/MAJLIS Opposition parties have filed at the Supreme Court for a temporary order to halt the parliamentary vote on the proposed state budget of MVR 27.9 billion for 2018. The case stated that the state budget is considered on the same level as passing of legislatures. Thus, the opposition […]

majlis

Parliament passes record state budget for 2018

3 min read

Lawmakers pictured during a parliament session. PHOTO/MAJLIS The parliament on Wednesday passed the state budget proposed by the government for 2018. The current government’s record state budget of MVR 27.9 billion was unanimously by 39 lawmakers of the ruling coalition, Progressive Party of Maldives (PPM) and Maldives Development Alliance (MDA). Lawmakers of opposition parties had […]

small business

Tax revisions: a burden to Maldives small businesses

4 min read

The original Dhivehi article was published on Avas.mv website on 21st November 2017. The following is a loose translation: GST Threshold to be eliminated Revision to BPT law Measures are to augment revenue To increase revenue, the government has included necessary revisions to the tax system in the next year’s budget. The Financial Minister Ahmed […]

President attends function held by PPM – Press Releases

President attends function held by PPM – Press Releases

1 min read

President Abdulla Yameen Abdul Gayoom has attended the function held by the Progressive Party of Maldives (PPM) this evening. Members of the Cabinet, Members of the Parliament, and Senior Officials of the Administration were in attendance at the function. Full details are available at the link below:

Students of Thaajuddin School at an assembly. PHOTO: HUSSAIN WAHEED/MIHAARU

Education ministry states digitalization of schools will be gradual

2 min read

Students of Thaajuddin School at an assembly. PHOTO: HUSSAIN WAHEED/MIHAARU The education ministry declared on Tuesday that students will continue the use of textbooks in schools in the coming year, and that digitalization of schools will occur gradually. The ministry’s statement comes in the wake of finance minister Ahmed Munawar’s revelation that the government plans […]

Amendments to tax regulations proposed by government

Amendments to tax regulations proposed by government

2 min read

The government of Maldives has proposed to bring amendments to tax regulations of the country. These amendments are expected to help increase national income. One of the changes that would be brought about is the dissolution of the threshold for registration statement of Goods and Services Tax (GST). Additionally, there will be changes to Business Profit Tax (BPT) […]