A digest of news and opinion from the Maldives.
The Ministry of Tourism has made the decision to temporarily suspend the operational permit of Kandima Maldives. The suspension comes following the death of an elderly employee at the resort due to COVID-19, on the 30th of October. There is also a growing cluster of 60 individuals who have tested positive for the virus at […]
HoReCa & Agriculture Expo conducted by Supply.mv is set to begin on the 15th of November. Held completely online, this event will allow suppliers both small and large to meet and showcase their products to resorts, hotels, guesthouses and cafes. The Ministry of Tourism has endorsed the event, noting that the expo can assist small […]
State Trading Organization (STO) has announced a 4-day closure of its supermarket retail and wholesale operations for an annual stock counting. The closure is from 11th November to 14th November. Operations will resume on 15th November at regular timings. The company has expressed an apology for any inconvenience caused to its customers as a result […]
President of the Council of Chartered Accountants of Maldives, Auditor General Hassan Ziyath addresses the public with a special message on the occasion of International Accountants Day 2020. In his speech, Ziyath expressed high hopes for the development of the accounting profession in the country due to the recent establishment of the Institute of Chartered […]
Housing Development Corporation (HDC) is seeking interested parties for the development and operation of a Daycare Center in Hulhumalé Lot 10949 (N3-44). The selected party will be responsible for the design, construction, and management of the property for the duration of the lease term. A Daycare Center is planned to be developed in Hulhumalé by […]
JAAH City Center (JCC) is offering its customers a special 20% discount on the Nordic tile series by NITCO. The sale will go on until stock lasts. NITCO is a leading brand in the Indian tile industry. Their Nordic series is a sumptuous convergence of technology and nature, created to subtly add value to every […]
Maldives Inland Revenue Authority (MIRA) has announced that the Amendment to GST Regulation is now open for public consultation. The Amendment to GST Regulation can be found using this link. It outlines a number of changes brought to the regulation, pertaining to issues such as the provision of goods within the Maldives, price of goods […]
Recently, Maldives’ long-term foreign-currency Issuer Default Rating (IDR) was downgraded by Fitch Ratings from ‘B’ to ‘CCC’. This downgrade comes after a previous downgrade in March, from an IDR of ‘B+’ to ‘B’. The downgrade caused disagreement from the Ministry of Finance, and also sparked a heated debate between Members of Parliament on Twitter. Fitch […]
The Government of Maldives has decided to issue a license to a new telecom operator or company, revealed Minister of Finance Ibrahim Ameer. According to the Minister, six new avenues to earn government revenue have been included in the proposed budget for 2021, which are expected to add to the revenue figure by MVR 1.22 […]