A digest of news and opinion from the Maldives.
President Ibrahim Mohamed Solih has addressed the nation on the occasion of the Islamic New Year, marking the beginning of 1442 A.H on the Hijri Calendar. The President prayed and expressed his optimism that the Islamic New Year will bring greater fortune and prosperity to the entire Islamic community, in spite of the challenges we […]
Maldives’ main airport, Velana International Airport has welcomed 399 international flights within a month of border reopening, Maldives Airports Company Limited (MACL) confirmed. As per the statistics by MACL, 7,607 passengers arrived at Velana International Airport while 9,269 left the country between 15th July 2020 to 15th August 2020. Looking into domestic air traffic movements, Velana […]
Air India, the flag carrier airline of India will resume scheduled flights to the Maldives from 25th of August. The airline will be operating a flight once a week on every Tuesday, according to Villa Travels. Recently, Maldives and India have agreed to establish an Air Bubble between the 2 countries. This is the first Air […]
Bank of Maldives’ Aharenge Bank Community Fund is inviting proposals for phase two of this year. The Bank will be selecting five projects to receive MVR 50,000 each to support in the areas of education, environment, sports and community development. Recently, BML’s Aharenge Bank Community Fund had supported Th. Vilufushi based NGO, Vasana Jamiyya’s vision […]
JAUSA Constructions is one of the most renowned construction companies in the Maldives. The successful construction company has been in the industry for more than 2 decades and their expertise and workmanship can be seen behind some great innovations in the country. Constructing since 1992 Jausa Construction was established in 1992 established with the main […]
The importation percentage of Maldives for the month of July has decreased by 49 according to the statistics published by the Maldives Customs. In the statistics published by Customs, the total price of goods imported in July this year shows a 49% decrease when compared to the price of goods imported in July 2019. The […]
It is often said that government policy initiatives can have serious implications for businesses. It can cause costs associated with the business to either increase or decrease – directly in the form of taxes, fees and charges, or indirectly in the performance of obligations dictated by the policy initiative. The Expatriate Employees Regulations[1] is one recent example […]
The beautiful island nation of the Maldives is one of the world’s most popular tourist destinations. But getting a grip on the mountains of solid waste generated from tourist resorts and an expanding local population has put the environment and living standards at risk. Asian Development Bank has approved a $73 million loan & grant […]
Finance Ministry issued MVR 222.9 million via SME Development Finance Corporation (SDFC) directed at the small businesses operating in the Maldives, under the government’s recovery scheme. This includes small businesses, middle-class businesses, and self-employed people. Under the stimulus package of MVR2.5 Billion, announced by the government, SDFC issues loans for small and middle-class businesses that […]