A digest of news and opinion from the Maldives.
Parliament of Maldives has approved the budget for 2021 on last Monday. The budget of MVR 34.9 billion was passed with 68 parliamentary votes with only one member voting against the matter. Ministry of Finance originally proposed a budget of MVR 34.7 billion for the upcoming year and estimated revenue of MVR 17.8 billion including […]
Bodybuilding Association of Maldives (BBAM) has announced that the 19th National Bodybuilding and Physique Sports Championship (Mr. Maldives) will take place on 26th March 2021. The one-day event is scheduled to be held in Male’ Maldives. The venue of the competition has not been disclosed yet however the registration for the competition has opened today. […]
Mohamed Zaki (Nazaki Zaki) has stepped down as the chairman of Maldives Ports Limited (MPL) following a corruption scandal within the company worth over MVR 8 million. Zaki revealed that the corruption took place in a tweet on Wednesday. He said it was in relation to transactions linked with the fuel trade, and that the company’s […]
The President Ibrahim Mohamed Solih has met with the Council Members of the Institute of Chartered Accountants of the Maldives, yesterday at the President’ Office. The meeting was attended by Council President Mr Hassan Ziyath, Vice-President of the Council – Mr Hassan Mohamed and Members – Ms Fareeha Shareef, Mr Hussain Niyazy, Mr Malik Mohamed, […]
The Asian Academy of Aeronautics (AAA) has constantly been making headlines due to alleged incompetence and negligence in the treatment of its students. In the most recent news, the flight school situated in Gan, Addu, terminated 15 students on Saturday and Sunday, many of whom did not receive any prior warning. The reasons for termination […]
The public utility company, Fenaka Corporation has announced that the company made a net profit of MVR 35 million last year, describing it as the greatest financial success in its company history. The company said that the success in turning a profit last year is believed to be the result of significant operational changes over […]
President Ibrahim Mohamed Solih has appointed five members to the Tax Appeal Tribunal. The members appointed yesterday are as follows: 1. Uz Mohamed Munavvar Ali 2. Uza Fathimath Minhath Izzath 3. Mr Hussain Zaidhan Jaleel 4. Mr Ismail Sajidh 5. Uz Ahmed Ashraf The President’s Office opened applications for membership of the Tax Appeal Tribunal […]
A recent bill submitted on behalf of the government to the Parliament underlines a number of drastic changes to tourism land rent laws. Instead of taking one single rent rate across the Maldives, rent taken from various atolls will differ – the further away from Male’ it is, the lower the rental rate will be. […]
State Trading Organization (STO) has appointed Mohamed Nizam as its new Chief Financial Officer (CFO). Prior to his appointment, Nizam was the General Manager, Procurement at STO. Abdulla Mohamed, Spokesperson for STO said that Nizam was appointed to the role following the resignation of Mohamed Mihad, the previous Chief Financial Officer at STO. Mohamed Mihad, […]