A digest of news and opinion from the Maldives.
Research shows that employment could be affected extensively and several small and medium enterprises (SMEs) may go out of businesses in the near future. The research by the Ministry of Economic Development and the United Nations Development Program (UNDP) shows that employment and self-owned businesses have extensively affected from time to time due to the […]
Several Maldivian resorts could be made exclusive for Singapore residents, resulting in a sealed bubble without tourists from other countries, according to Brendan Sobie, the founder of Singapore-based independent aviation consulting and analysis firm Sobie Aviation. Last week, Singapore’s Transport Minister Ong Ye Kung revealed measures for expanding reciprocal green lanes to include general travel. […]
Bank of Maldives has announced a permanent change that BML will no longer allow any credit coming into USD accounts from person-to-person transfers or withdrawals from digital wallets through Visa Direct, Mastercard Send or similar platforms. All incoming credit from such sources will only be allowed into MVR accounts. BML informs that customers using cards […]
Social housing dilemma has been a serious argument lately. Simply put, the issue is related to the distribution of housing units to righteous people. Governments campaigned housing scheme as their pivotal focus and several times they have almost reached a point of distribution; and yet, it never came to fruition. The public in numerous occasions […]
Sonee Sports has announced new Adidas Arrivals at the outlet. Get your favourite sports clothes in-store or online. Adidas Ankle Socks 3 Pairs Light, thin and built for comfort, these ankle-length socks come three pairs to a pack. They’re made of cotton-rich fabric with knit-in arch support and a smooth toe seam. An Adidas logo […]
Maafaru International Airport has installed a border control system, facilitating easier travel for tourists through the airport. Ministry of Communications, Science and Technology announced that the National Center for Information Technology (NCIT) completed the installation of the new border security system on August 19. The Ministry further said that with this system at Maafaru International Airport, […]
The much-awaited Chartered Accountants (CA) of Maldives bill was passed from Parliament. The Auditor-General stated that with the pass of this bill, begins a new chapter for the accounting profession in the Maldives. He further stated that the role of chartered accountants in the society has grown tremendously over the years due to the growth […]
In a recent bill submitted by MP of Ihavandhoo constituency Mohamed Shifau, it was highlighted that companies in the tourism industry having more than 50 employees shall hire a local to manage the workforce. Further, 60% of locals shall be employed for higher management positions in the Maldives. However, this change will be executed 5 […]
Finance Ministry has announced that finance required for the projects of the Public Center Investment Program (PSIP), will only be issued through the special portal designed for applications. A circular by the Finance Ministry states that a special portal is now set up, for the financial monitoring of the projects on progress by the PSIP. […]