A digest of news and opinion from the Maldives.
COVID-19 pandemic has caused a global crisis. Stock markets are crashing, businesses have run out of work leading to bankruptcy and layoffs. To stir the problems, even more, everyone is advised and in some regions ordered to stay at home. With uncertainty in this situation getting better any time soon and struggling each day meet […]
Ministry of Finance has revealed that the Green Tax revenue generated for February 2020 declined by 3.5 per cent. As per the Ministry’s Green Fund Report, Green Tax dropped in comparison with the same period in 2019. The total revenue earned for February, in Green Tax was recorded at MVR 77,023,981.14. The Ministry’s Green Fund […]
The government has brought changes to the working hours of the flu clinic, which was established in regard to the spread of COVID-19 in the Maldives. IGMH hospital has announced that the flu clinic will be open from 10 am to 6 pm. This will be effective from April 12th. IGMH has urged the public […]
The most recent statistics from the Maldives central bank reveals the international reserves and the usable reserves of the island nation had decreased in February 2020. Maldives Monetary Authority (MMA) revealed in their latest statistical report the island nation’s usable reserve was recorded at USD277.7 million by the end of review month while in January, […]
Maldives Inland Revenue Authority (MIRA) has announced that they will be opening their office on the 13th, 14th, and 16th of April. In a press statement released by the authority, they have stated that this is in regard to the President’s instructions to provide essential services with minimum employees necessary to carry out the essential […]
Bank of Maldives (BML) has revealed that around 12,000 loans have been applied for deferment. BML opened the opportunity to defer the repayment period to 6 months, as an initiative to help people during the economic downfall caused by COVID-19 pandemic. BML provided this opportunity to its customers on 2nd April. BML has also introduced […]
The government has introduced a stimulus package of MVR 2.5 billion to assist businesses amid the pandemic. Tourism industry experts have raised their concerns about the stimulus package. A top tourism stakeholder has stated that the working capital loans given under the stimulus package should be exclusive to small and medium enterprises, with resorts given […]
Housing Development Corporation (HDC) has arranged online payment methods for rent payments of Hulhumale’ flats, rowhouses, and houses. HDC has advised transferring the payment with details of the flat or row house to its account 7701134831003 and to Viber the receipt to 7290448. HDC further stated that the details of flats and rowhouses in Hulhumale’ […]
Dhiraagu has announced a partnership with Shemaroo to bring the best Indian Cinema to the Maldives. Dhiraagu customers will be able to watch genres across Bollywood movies, Classic cinema, and Bengali Movies on the DhiraaguTV VoD platform. The service will be available exclusively to DhiraaguTV customers for MVR 60 per month. Dhiraagu will be offering […]