A digest of news and opinion from the Maldives.
Maldives tourism Minister Ali Waheed has participated in the 5th Global Tourism Crisis Committee’s organized by United Nations World Tourism Organization (UNWTO) on 28th May. During the virtual meeting with senior officials from UNWTO, Minister Ali Waheed expressed his concerns about the current situation of the Maldives tourism industry and challenges to overcome the tourism […]
Maldives inflation rate has fallen by 3.6 so far, according to reports released by the National Bureau of Statistics. Reports depict that inflation rate till the month of April has fallen in comparison to last year. In the month of March, the inflation rate was 1.1% while in April month it was 3.2%. The most […]
Here are the latest news updates for 27th May MIRA Predicts Tax Revenues to Fall by 48% 48% of fall in tax revenues is predicted for the year due to the on-going COVID-19 outbreak in the country, stated Maldives Inland Revenue Authority (MIRA). Commissioner General of Taxation Fathuhulla Jameel said that MIRA projected annual tax […]
Do you want your job back? Do you want to get things back to normal? Well, the global pandemic has done decimated Maldives tourism sector. Let’s not kid ourselves the Maldives is where it is because of the beautiful islands and waters that we have. These tourists have all invested in the Maldives. They’ve invested […]
National Planning and Infrastructure Minister Mohamed Aslam recently suggested selling citizenship to foreigners, as there are many wealthy foreigners interested in becoming permanent residents of Maldives. He elaborated, saying that his idea of selling citizenship was aimed towards bringing in wealthy foreign investors to the country, prompting several other political figures to weigh in with […]
Maldives has reported 1,216 cases of COVID-19, with 1,121 active cases, 91 recoveries, and 4 fatalities. Here are the latest updates on COVID-19 Announcements by HPA Additional 30 cases of COVID-19 have been confirmed by HPA. Taza Water company halts operations after 6 employees tests positive for COVID-19. Immigration grants exempt visa overstay fine Exemption […]
One might wonder – in fact, individuals and businesses alike – why there are high rates of interest and significant difference between deposit rates and lending rate compared to other countries. The article intends to seek the challenges for individuals, businesses, the governing body and the banks itself. The goal is not intended to point […]
Maldives has reported 1,143 confirmed cases of COVID-19, with 1,059 active cases, 80 recoveries, and 4 fatalities. Here are the latest updates on COVID-19. Announcements by HPA Additional 37 cases of COVID-19 have been reported by HPA. The new cases include a resident living in Minister Mahloof’s building, hence the building has been placed under […]
On a bid to revive the hard-hit tourism industry, the Tourism Ministry has proposed guidelines to commence safe tourism. The Ministry informs that this guideline draft is open for feedback. Safe Tourism Resort License A licensing fee of USD 50,000 is applicable for the issuance of the safe tourism license. Safe Tourism License shall be […]