A digest of news and opinion from the Maldives.
Ministry of Economic Development (MED) has simplified the process of registering a foreign investment company in the tourism sector. Previously, if a foreign investor sought to register a company in the Maldives in order to own or operate a tourism property (whether an island, land or lagoon), the investor was required to show evidence of […]
The on-going COVID-19 crisis in the Maldives is likely to improve by the end Ramadan, MNU Chancellor Dr Hassan Hameed said during a virtual meeting of Parliament Committee on development and national heritage. Dr Hassan stressed on not losing hope amid the pandemic and stated that despite people’s assumption that the crisis will prolong, the […]
Businesses who have been rejected to COVID-19 relief loan from Bank of Maldives (BML) and SME Development and Finance Corporation (SDFC) have to request to revise the decision via mail, according to Ministry of Finance. Minister of Finance Ibrahim Ameer has stated that applicants for the relief loan include those who have laid off their […]
By Abdul Haleem About the author: Abdul Haleem is the former CFO at National pension fund. He has extensive experience in accounting systems, controls, investments and financial reporting. He is a chartered management accountant with membership with CIMA (UK). He held the position of Head of Department of Accounting and Finance at Faculty of Management […]
Supermarkets and stores have been responding to an unprecedented demand triggered by the global COVID-19 crisis. Maldives supermarkets and stores, previously dependant on in-store customers for the majority of their sales, are scrambling to get their stores online and put together an effective delivery team from scratch as authorities warn that the ‘new normal’ could […]
The total number of confirmed cases in the Maldives has reached 1,094, with 1,031 active cases, 59 recoveries, and 4 fatalities. Here are the latest updates on COVID-19 Announcements by HPA With the confirmation of 16 new cases of COVID-19 in Maldives, the total number of positive cases has reached 1094. 80 expats were screened […]
Here are the latest news updates for 18th May MET Office Issues Yellow Alert for Southern Maldives A Yellow alert has been issued for islands from Ga atoll to Addu City by Maldives Meteorological Service (MET). Average to strong winds of 25-30 miles per hour with gusts of up to 50 miles per hour over […]
Male’ City Council has begun preparations to get the city ready to embrace the ‘new normal’ after WHO warned that the COVID-19 virus might never go away completely. Male’ City Council stated that social distancing is the primary strategy used to prevent the spread of COVID-19. To facilitate and guide citizens to commit to social […]
Ooredoo Group and Ooredoo Maldives have contributed MVR 2,500,000.00 to the Government of Maldives to acquire ventilators, personal protective equipment, and testing supplies to combat the spread of coronavirus across the nation. Managing Director and Chief Executive Officer of Ooredoo Maldives, Mr Najib Khan, announced the donation made to the government via audio with President […]