A digest of news and opinion from the Maldives.
Male’ City Mayor Shifa Mohamed has revealed that they will be seizing stalls in the Traveler’s Market with migrants as vendors. The Parliament’s Decentralization Committee held a virtual meeting with the Male’ City Council to discuss the concessions lease rates charged on vendors. In this meeting, Shifa said the council had now finished the redevelopment […]
The Government of the Maldives’ decisive, transparent and effective reaction to the COVID-19 outbreak is welcomed by the European Union and its Member States. This collaborative approach, which allowed for the swift and orderly repatriation of European tourists, has been appreciated by all. In addition to the coordination of certain flights back to Europe, the […]
In the last two months, its estimated that nearly 20,000 people have lost their jobs to either redundancy, no pay leaves or salary cuts. The main focus of COVID-19 stimulus packages should be to take care of workers. The biggest misstep will be allocating so much of the aid to financial rescues of large firms […]
President Ibrahim Mohamed Solih has decided to extend the closure of all government offices, schools, colleges and universities for another week as a precautionary measure against the COVID-19 pandemic. The decision was announced following the advice from the Technical Advisory Group (TAG) of National Emergency Operation Centre (NEOC) in respect to the rapid global spread […]
The COVID-19 pandemic has lead to restrictions in international trade and travel. Maldive’s main source of the tourism industry has come to a halt due to this. This has caused a huge toll on the economy. To survive during this time many are opting for farming. As the Maldives is very much dependant on imports, […]
Left-wing political movement ‘Navaanavai’, has launched a hotline for workers facing redundancy, pay cuts and unfair treatment amid the COVID-19 pandemic. According to Navaanavai, an NGO advocating for social justice the hotline number is 9477309 and will be available for workers who wish to register complaints. The NGO informs that the complaints will serve as […]
As part of the Government’s recovery plan due to the COVID-19 outbreak, Bank of Maldives has announced that it will support the Ministry of Finance in the implementation of the COVID-19 Recovery Scheme. This scheme allows individuals, cooperatives and businesses financially affected by the COVID-19 pandemic to apply for financing to meet working capital requirements. […]
Economic Ministry has requested to report if businesses layoff or deduct salary of employees through the job portal: jobcenter.mv According to the Ministry, the government is working to withstand the economic crisis due to COVID-19 pandemic by introducing cash-flow financing schemes and various other services to support the local businesses. So if any business decides […]
Ministry of Finance has announced that each resort will be given MVR 7.7 million loans as per the economic relief package introduced by the government to mitigate the economic downfall with regard to COVID-19 pandemic. The government has implemented 7 key stimulus packages to combat the economic impact of COVID-19 crisis. This includes: Loans as […]