A digest of news and opinion from the Maldives.
Maldives Monetary Authority (MMA) has revealed that the majority overdraw/monetize of MVR 4.2 billion to cover state expenses has been issued. According to a report published by MMA at the end of July, the government has taken an overdraw/monetize of over MVR 4 billion from the authority. This, in turn, indicates only a few amounts […]
Maldives Trade Union has requested to take revenue charges from goods imported into the country as a measure to remedy the financial condition of the government. This was stated as such in an announcement made by the Maldives Trade Union on 7th August 2020. The Trade Union has highlighted in its announcement, the economic downturns […]
Housing Development Corporation (HDC) states that the corporation is making arrangements for the commercial units that are to be leased for businesses in Hiya Flats, available for the virtual viewing. HDC has announced on the 9th of July, registration of individuals interested to observe the commercial units in Hiya Flats in order to organize an […]
Maldives Customs has announced that effective from August 1st 2020, there will be no import duty charged on goods imported for Fisheries Industry. This includes the packaging such as plastic bags; equipment such as fish finder and navigator; supplies such as spool; marine diesel engine and its parts; as well as fishing nets and fishing […]
Vice President Faisal Naseem has this afternoon visited the West Park area and inspected the ongoing project to improve public transport services in Malé City. During the visit, Vice President inquired about the work being done to develop bus stops and other services required for the advancement of public transport in the city. As part […]
M7 Print Minivan Promotion is back for 2020. The local business offering products with the latest printing technology has kicked off their annual Minivan Promo in celebration of Maldives Independence Day. The promotion is largely targeted to corporates, offering exclusive rates on canvas & stickers, business cards and fabric printing. Under the promo, customers are […]
H.E President Ibrahim Mohamed Solih has sent a message of congratulations to the President of Sri Lanka, H.E Gotabaya Rajapaksa, following the Sri Lanka Podujana Peramuna’s (SLPP’s) decisive victory in Sri Lanka’s parliamentary elections this year. President Solih’s message reads as follows: “It gives me great pleasure to extend warm greetings and sincere good wishes […]
Economic Minister Fayyaz Ismail states that the ministry will gazette a new guideline for expatriates running businesses in the country, next week. According to the minister, with this guideline, most of the issues posed by the expatriates working in the Maldives shall be subjected to solutions. He also highlighted the problems and complains by the […]
A recipient of several awards in fuel supplying, Hawks directly imports and distributes petrol and diesel to any location in the Maldives. The company’s strong fleet featuring the latest safety equipment and segregated tanks include 12 delivery barges from 15 to 300cbm and 6 tankers with a capacity from 1000cbm to 10,500cbm. A total of […]