A digest of news and opinion from the Maldives.
The Ministry of Economic Development has revealed that unlike the previous government, they will not be giving any special privileges with the Corporate Resident Visa. On Tuesday, the Ministry announced that the incumbent government will not be giving the “duty-free, tax-free, and fast track service” privileges that were issued by the previous government in 2015. […]
Allied Insurance has decided to host a webinar series to provide information about various types of insurance. In a virtual ceremony held by Allied, the company stated that the series will commence next week, with a total of 8 webinars. Each webinar will last 30 minutes. According to Allied, this awareness program will be carried […]
The largest loyalty program in the Maldives, Privileged Maldives has launched its services with more than 50 popular business outlets, giving remarkable recognition to the businesses and the local talents of Maldives on 10th of November 2020, at 20:20hrs. This Platform offers discounts of 5% to 50% on the outlets listed as Privileged Partners. According […]
Bank of Maldives has announced additional COVID-relief support for Small to Medium Enterprises (SMEs) through funding from the European Investment Bank (EIB). Following the impact of COVID on the local economy, EIB approved the funding and signed a EUR 20 million loan agreement with the Ministry of Finance and Bank of Maldives in June 2020 […]
Maldives Inland Revenue Authority (MIRA) has announced that MVR 390.57 million was collected as tax revenue during the month of October. The largest contribution to tax revenue in October came from Goods and Services Tax (GST). MIRA collected MVR 247 million as GST, which made for 63.3 per cent of the total revenue. The second-largest […]
At Image Square Maldives, operated by SIMDI, you can get your hands on the latest in Canon flash technology, with the ground-breaking Speedlite 470XE-AI. This is the first-ever flash with AI bounce technology, helping you find the optimal flash angle even if you change the camera orientation. Equipped with a high-performance CPU and a motorized […]
President Ibrahim Mohamed Solih has stated that despite the challenges of the Covid-19 pandemic, the Government has been able to continue work this year on 154 of the 372 projects initiated since assuming office. He made this statement this morning in his address to the nation in commemoration of the Maldives’ 53rd Republic Day. President […]
The Maldivian government has decided to permit the sale of land from lagoons and dry land to locals, under the proposed 2021 budget. According to the MVR 34.7 billion budget presented to the Parliament on Monday, the state would receive an estimated income of MVR 300 million from the sale of such land. It was […]
Kagi Maldives Spa Island is open and ready to welcome guests. Conveniently located at the edge of North Male Atoll, this luxury boutique island resort offers authentic Maldivian experiences and includes only 50-villas. Each holiday journey is uniquely designed to offer a balance between all the resort experiences. Starting from the cutting-edge spa and fitness offerings – to the […]