A digest of news and opinion from the Maldives.
The world’s biggest online talent competition, Little Buddy Talentz has been inaugurated in the Maldives on Sunday. The virtual inauguration ceremony was held via Zoom on Sunday morning and was attended by chief guest Minister of Education Aishath Ali. Little Buddy Talentz is an online creative platform to give youngsters in the age group of […]
Minister of Finance, Ibrahim Ameer has stated that the only way the country can recover from the pandemic-induced recession was through increased government spending, for which funds need to be acquired as debt. In today’s Parliamentary sitting, Minister Ameer said that the main focus of the 2021 state budget was to overcome the economic disruptions […]
Test flights have been conducted earlier today to the newly developed airport by MTCC in H. A. Hoarafushi. The national flag carrier, Maldivian landed an aircraft at the airport today for the test flights. Hoarafushi airport is currently under final preparations for its scheduled grand opening tomorrow. Maldives Transport and Contracting Company (MTCC) was contracted […]
Ministry of Finance reveals that the Government has utilized MVR 829.7 million for loan repayments. Statistics of the Ministry show that the Government earned almost MVR 11.8 billion till mid-October. It further indicates MVR 21.9 of the earnings were utilized. In 2019, the Government resourced MVR 1 billion within the same period for loan repayments. […]
The latest monthly statistics released by Maldives Customs reveal that in October, imports decreased by a whopping 51% compared to the previous month. The most major importing category was food items (excluding tobacco, alcohol and pork) which accounted for 348 million. Machinery, mechanical and electrical equipment made up 398 million, while fuel accounted for 314 […]
The Ministry of Tourism has extended an invitation for interested investors to bid to develop a tourist hotel in Haa Alifu Kelaa. The announcement published on gazette requests for eligible investors, local and foreign alike to submit their interest to develop a plot of 864,414 Square Feet of land and allocated lagoon area as a […]
On Sunday, Maldives Water and Sewerage Company (MWSC) was contracted by the government to establish about MVR 1.5 billion worth of water and sewerage systems across the Maldives. In a ceremony held at Dhivehi Raajjeyge Adu, Director General of the Ministry of National Planning, Housing and Infrastructure, Fathimath Shana Farooq signed on behalf of the […]
Lily Beach Resort & Spa has introduced an exclusive deal as part of the resort’s winter promotion for this year. The award winning all-inclusive resort extends a worthy escape for its guest this winter with an exclusive Secret Deal offer with up to 40% off on its Platinum Plan. Located on a private island of […]
Governor of Maldives Monetary Authority, Ali Hashim has warned that borrowing foreign funds to finance development projects could negatively impact the exchange rate. Speaking at a Parliamentary Committee hearing for the 2021 state budget, the Governor cautioned against initiating development projects without guaranteeing a funding source to acquire the necessary foreign currency. He expressed his […]