A digest of news and opinion from the Maldives.
As part of the Government’s recovery plan due to the COVID-19 outbreak, Bank of Maldives has announced that it will support the Ministry of Finance in the implementation of the COVID-19 Recovery Scheme. This scheme allows individuals, cooperatives and businesses financially affected by the COVID-19 pandemic to apply for financing to meet working capital requirements. […]
Economic Ministry has requested to report if businesses layoff or deduct salary of employees through the job portal: jobcenter.mv According to the Ministry, the government is working to withstand the economic crisis due to COVID-19 pandemic by introducing cash-flow financing schemes and various other services to support the local businesses. So if any business decides […]
Ministry of Finance has announced that each resort will be given MVR 7.7 million loans as per the economic relief package introduced by the government to mitigate the economic downfall with regard to COVID-19 pandemic. The government has implemented 7 key stimulus packages to combat the economic impact of COVID-19 crisis. This includes: Loans as […]
The COVID-19 pandemic has caused a global crisis, and to help businesses in the Maldives, the government has initiated a relief plan. From 8th March onwards government has opened to submit the application for loans under the relief plan. Finance ministry has revealed that this loan will have a 6% interest rate with a grace […]
The largest seaplane operator in the world, Trans Maldivian Airways (TMA) has made 50% salary cuts and offered their staff 4 months contract due to the COVID-19. TMA employs over 900 staff. The 4-month contract offered to the employees says that they will reinstate their salaries if the Maldives is able to get back 80% […]
The Maldives appears to have dodged a bullet. With just 19 cases of the novel coronavirus at the time of writing (with 13 people having already made a full recovery), the country is in an enviable position. As the United States and Europe groan under the strain of major outbreaks, with tens of thousands of […]
Maldives Gas has arranged to provide its delivery services with just an SMS, amid the spread of COVID-19 in the Maldives. Maldives Gas has instructed its customers to message the customer’s code, ID card number, and item code to its number 7201616. If any further assistance is needed, the company advises customers to message the […]
Amid COVID-19 pandemic, Dhiraagu has partnered with the Ministry of Communication, Science, and Technology to enable FREE access to government networks through Dhiraagu Fixed Broadband for civil service employees in order to enable remote working for the month of April and May 2020. All civil service employees are working from home and attending to critical […]
Finance Minister Ibrahim Ameer has stated that last month’s overtime (OT) of civil servants will be included in the April month salary. The government offices have been temporarily shut down due to the COVID-19 pandemic, and this has caused a delay in the calculation in March months OT. As it takes more time to process […]