A digest of news and opinion from the Maldives.
Former Economic Minister Mohamed Saeed has suggested exploring different markets for free trade agreements (FTA) such as the EU, UK, and Gulf countries. In a recent tweet, Saeed has highlighted the FTA with China and Hongkong. He has noted in the FTA Maldives had the opportunity to buy-pack-export not less than 296 items at 0% […]
Economic Minister Fayyaz Ismail has stated that the government is planning to reduce the level of imports to the country in the future. In a press conference, Minister has revealed that the government has selected 17 agricultural products to produce in the Maldives. He further added that the government has chosen 44 islands to advance […]
Economic Minister Fayyaz Ismail has revealed that 837 expatriate workers have requested repatriation. Minister Fayyaz has stated that Bangladesh Civil Aviation has temporarily banned any expatriate workers residing the Maldives to enter the country, and due to that, the repatriation has been delayed. In addition to that only 130 expatriate workers have the passport and […]
STO’s Managing Director Hussain Amru has visited the Kashidhoo farms and revealed plans to initiate food security in the Maldives. In a tweet, Amru said, “So good to see enterprising farmers here and hoping we can help them sustain their livelihoods.” Amru further stated that reducing the dependency on foreign countries is essential for the […]
COVID-19 pandemic has caused a global crisis. Stock markets are crashing, businesses have run out of work leading to bankruptcy and layoffs. To stir the problems, even more, everyone is advised and in some regions ordered to stay at home. With uncertainty in this situation getting better any time soon and struggling each day meet […]
Ministry of Finance has revealed that the Green Tax revenue generated for February 2020 declined by 3.5 per cent. As per the Ministry’s Green Fund Report, Green Tax dropped in comparison with the same period in 2019. The total revenue earned for February, in Green Tax was recorded at MVR 77,023,981.14. The Ministry’s Green Fund […]
The government has brought changes to the working hours of the flu clinic, which was established in regard to the spread of COVID-19 in the Maldives. IGMH hospital has announced that the flu clinic will be open from 10 am to 6 pm. This will be effective from April 12th. IGMH has urged the public […]
The most recent statistics from the Maldives central bank reveals the international reserves and the usable reserves of the island nation had decreased in February 2020. Maldives Monetary Authority (MMA) revealed in their latest statistical report the island nation’s usable reserve was recorded at USD277.7 million by the end of review month while in January, […]
Maldives Inland Revenue Authority (MIRA) has announced that they will be opening their office on the 13th, 14th, and 16th of April. In a press statement released by the authority, they have stated that this is in regard to the President’s instructions to provide essential services with minimum employees necessary to carry out the essential […]