A digest of news and opinion from the Maldives.
The public utility company, Fenaka Corporation has announced that the company made a net profit of MVR 35 million last year, describing it as the greatest financial success in its company history. The company said that the success in turning a profit last year is believed to be the result of significant operational changes over […]
President Ibrahim Mohamed Solih has appointed five members to the Tax Appeal Tribunal. The members appointed yesterday are as follows: 1. Uz Mohamed Munavvar Ali 2. Uza Fathimath Minhath Izzath 3. Mr Hussain Zaidhan Jaleel 4. Mr Ismail Sajidh 5. Uz Ahmed Ashraf The President’s Office opened applications for membership of the Tax Appeal Tribunal […]
A recent bill submitted on behalf of the government to the Parliament underlines a number of drastic changes to tourism land rent laws. Instead of taking one single rent rate across the Maldives, rent taken from various atolls will differ – the further away from Male’ it is, the lower the rental rate will be. […]
State Trading Organization (STO) has appointed Mohamed Nizam as its new Chief Financial Officer (CFO). Prior to his appointment, Nizam was the General Manager, Procurement at STO. Abdulla Mohamed, Spokesperson for STO said that Nizam was appointed to the role following the resignation of Mohamed Mihad, the previous Chief Financial Officer at STO. Mohamed Mihad, […]
Ministry of Fisheries, Marine Resources and Agriculture has extended the bid deadline for the six islands to be leased for agricultural purposes. Previously, the deadline for bid submission was 20th December 2020, 1300HRS. However, the Ministry has extended the deadline to 27th December 2020, 1300HRS. According to the Ministry of Fisheries, Marine Resources and Agriculture, […]
President Ibrahim Mohamed Solih has announced his decision to display the domestic violence prevention program ‘Geveshi Gulhun’ logo and theme in all official government correspondence. The decision was announced by the President’s Office on Sunday. The announcement stated that, hereafter, all government correspondence, including letters and notes, must bear the logo and theme adopted from ‘Geveshi Gulhun’, […]
Maldives Transport and Contracting Company (MTCC) states that they have successfully completed the N. Henbadhoo harbour upgrade project on 21 November 2020. We have successfully completed the N. Henbadhoo Harbour Upgrade Project on 21 November 2020. The Ministry of National Planning, Housing and Infrastructure contracted the MVR 30.3 million project to us on 23 June […]
Trans Maldivian Airways (TMA) has been awarded both the Indian Ocean’s Leading Seaplane Operator and the World’s Leading Seaplane Operator of 2020 at the Grand Final of the World Travel Awards 2020. This is the 6th consecutive year since 2014 for TMA to bag the World’s Leading Seaplane Operator award and the 7th consecutive year to win the Indian […]
President Ibrahim Mohamed Solih, on Thursday, visited Felivaru Island in Lhaviyani Atoll and toured the island. President Solih visited the Fishermen’s Marina Hall and observed the layout and drawings for the proposed 4000 MT cold storage facility. He toured the Felivaru fish canning factory, the existing cold storage facility at the Felivaru Fisheries Complex and […]