A digest of news and opinion from the Maldives.
American tennis superstar and the 29th best singles tennis player in the world, Taylor Fritz has arrived at Lily Beach Resort & Spa for a much-needed getaway to rest, relax, and rejuvenate to get back on his tennis tour with renewed vigour. Taylor Fritz is a player who reached an ATP final in his third […]
The Government of Maldives has made the decision to scrap the ‘remittance tax’ applicable on money transferred out of the country by foreign expatriate workers. Sharuvash Adam, Chief Financial and Budgeting Executive of the Ministry of Finance, stated the decision was made due to a decrease in financial transactions taking place through local banks in […]
In a tweet yesterday, Member of Parliament for Maradhoo Constituency of Addu City, Ibrahim Shareef claimed that the Fitch rating of Maldives dropped due to a recent decree passed by the Parliament. On 5th November, Fitch Ratings Inc., an American credit rating agency, downgraded Maldives’ long-term foreign-currency Issuer Default Rating (IDR) from ‘B’ to ‘CCC’. […]
Housing Development Corporation (HDC) is seeking interest parties for the development and operation of Building for Clinics in Hulhumalé. The selected party will be responsible for the design, construction and management of the property for the duration of the lease term. Hulhumalé has seen its population grow steadily and with it the need for independent […]
By the year’s end, an additional 11 airlines will be operating in the Maldives, says the Ministry of Tourism. According to the latest information released by the Ministry, after the border closure and reopening in relation to the COVID-19 pandemic, Maldives now has 15 airlines operating flights to the country. Within November and December, Maldives […]
Fuel Supply Maldives (FSM) has announced two new operation updates to their petrol shed, Easyfill 1 located near Stelco. According to FSM, only 4-wheeler vehicles will be allowed at the Easy-fill 1 shed between 8 am to 8 pm. Meanwhile, both 4-wheelers and 2-wheelers will be allowed from 8 pm to 10:30 pm. These changes […]
The Ministry of Tourism has stated that there are 306 tourist facilities currently open and operating in the Maldives, up until 4th November. According to statistics from the Ministry, this figure includes 120 resorts, 65 guesthouses and 121 safaris. This is a total of 32,622 beds. The Ministry stated that there are an additional 9 […]
Housing Development Corporation (HDC) is seeking interest parties for the development and operation of a Cold Storage Facility in Hulhumalé. The selected party will be responsible for the design, construction and management of the property for the duration of the lease term. The property will span over a plot area of 5,381.91 square feet. HDC […]
The President of Maldives, Ibrahim Mohamed Solih, has now approved a plan proposed by the Ministry of Environment and Energy to phase out single-use plastic in the Maldives by 2023. Prior to its approval by the President yesterday, the plan was also endorsed by the cabinet. No details of the plan have been revealed yet. […]