A digest of news and opinion from the Maldives.
MTCC’s Chairman Ahmed Niyaz and other executives speak at the press conference regarding new share sales for MTCC shareholders. PHOTO: NISHAN ALI/MIHAARU Maldives Transport and Contracting Company (MTCC) has announced to sell more shares to its shareholders to earn MVR 305 million to fund the commission of a dredger. Speaking at a ceremony held at […]
Kanuhura Maldives resort in Lhaviyani atoll: the resort has been relaunched after a USD 42 million revamp. Maldives saw an eight per cent increase in tourist arrivals in August, statistics published by the Ministry of Tourism have revealed. According to the ministry, 121,310 tourists arrived in the Maldives last month, whilst 892,025 tourists have visited […]
ROOMIE’s AVPs Fytra Aziz (C) and Alvin Lee (L), and Win Solutions’ MD Mohamed Naseem (L-2) pictured at the guesthouse conference 2017. In an ever-changing world that is becoming more digitized day by day, the tourism industry of the Maldives tirelessly strives to keep up. As the main driving force of the archipelago’s economy, it […]
Maldives Monetary Authority (MMA) in capital Male. Inflation rates spiked by 4.2 percent during the second quarter, revealed the Maldives’ central bank on Tuesday. According to a report released by Maldives Monetary Authority (MMA), inflation has increased from the final quarter of 2016 to the second quarter of this year. MMA attributed this spike in […]
BBM’s stall at the Hotel Asia Exhibition 2017. PHOTO: NISHAN ALI/MIHAARU The Hotel Asia Exhibition is like the hospitality industry’s one-stop solution that comes along once a year. The largest trade and hospitality expo in the Maldives, this internationally recognized premier event brings a haul of marketing and networking opportunities, prospects to grow and advance […]
A Customs officer checks a cargo of imported goods. PHOTO/CUSTOMS The state is owed over MVR 7.6 million in fines from businesses that fraudulently change prices of imported goods to evade taxes and custom duties, an Anti-Corruption Commission (ACC) report has revealed. According to the report published by the anti-graft watchdog, in 2012 – 2015, […]
The entrance to the Finance Ministry building where the Maldives Inland Revenue Authority office is located. MIHAARU PHOTO Maldives Inland Revenue Authority (MIRA) recorded a government revenue of MVR 1 billion for the month of August. Official statistics indicate that the revenue for the previous month was 0.4 percent lower than the revenue in August […]
Treasury building which houses the Ministry of Finance and Treasury in capital Male. The Maldives recorded a total state revenue of MVR 12.8 billion by the end of July this year, while government expenditure has reached MVR 10.7 billion. Statistics published by the Ministry of Finance and Treasury show that the revenue sans expenditure stands […]
A Customs officer checks a cargo of imported goods. PHOTO/CUSTOMS Revenue from import duty increased by 14 percent in the month of August, announced Maldives Customs Service. Customs’ official statistics show that the Maldives imported goods worth MVR 3.1 billion last month, compared to the MVR 2.8 billion recorded last year August. The Maldives imported […]