A digest of news and opinion from the Maldives.
Bank of Maldives announced a 6-month moratorium for all personal, housing and business loans on 25th March 2020. Since then the Bank has been working hard with international accountancy bodies, Government and its regulators to ensure that its support to the Maldivian economy is what is needed, whilst ensuring compliance with international standards. As stated, […]
Velana International Airport (VIA) will be closed every night from 2100 hours to 0600 hours. Maldives Airports Company (MACL) that operates the main airport of the Maldives said that effective from Saturday (28th March), the airport will be closed for 9 hours every night. However, if a flight has to be landed for a medical […]
Dhiraagu offers extra 10GB FREE Internet Data for all Home Fixed Broadband customers to help them cope with the impact of COVID-19. This extra data allowance will enable customers to continue with remote education, remote working, socializing and entertainment while they are advised to remain at their homes. Customers can now activate FREE 10GB internet […]
Maldives Association of Tourism Industries (MATI) proposes the government to ease the tourism land rental taken as an advance on resort land rents. This proposal was proposed to the government in a meeting held to discuss the measures that can be taken to mitigate the impact COVID-19 pandemic will have on the tourism industry. MATI […]
Maldives Inland Revenue Authority (MIRA) has announced several eases to policies to accommodate tax instalments. In a press statement, MIRA has stated they have extended the instalment tax paying period to 3 months. The announcement further added that the authority will allow taxpayers to get into an instalment agreement even if they pay a smaller […]
Ooredoo Maldives extends a special offer to support its customers stay updated and connected with their loved ones during the COVID -19 pandemic, by providing 25% bonus data on all postpaid plans. This special bonus aims to support customers who have exhausted their allowances towards the end of this month and will be renewed again […]
The People’s Government of Yunnan Province of the People’s Republic of China has donated epidemic prevention materials, in support and solidarity of the efforts of the Government of Maldives to combat against the rapid spread of COVID-19. At a ceremony held at the Foreign Ministry today, to hand over the donation of epidemic prevention materials […]
Maldives flagship carrier Maldivian has announced plans to operate chartered cargo flights amid the COVID-19 pandemic. The airline revealed routes to Colombo, Indian cities of Trivandrum and Chennai, Thailand and Dubai. Maldivian reports that according to the demand, they will operate chartered flights to other destinations as well. Managing Director of Maldivian Mohamed Rizvee has […]
Maldives Monetary Authority (MMA)’s Governor Ali Hashim has announced that all banks have agreed to extend the loan repayment period amid the spread of COVID-19 pandemic in the Maldives. There are eight banks operating in the Maldives, and only Bank of Maldives (BML) has announced the extension in the loan repayment period. Other banks such […]