A digest of news and opinion from the Maldives.
The prevalent COVID-19 pandemic has required every industry to adapt to new normal ways of work, and the construction industry has not been spared. During the initial COVID-19 outbreak, foreign workers in the Maldives were deemed one of the most vulnerable groups, with an alarming number of positive cases have been among expatriate labourers. As municipalities reopen […]
Muslim Millennial Travelers (MMTs), a distinctive subgroup of the modern millennial travellers are modelling a USD 100 billion market with their special requirements, interests and unique decision-making styles. Similar to the rest of the Millennial travellers, they are also more digital natives and like to share experience and adventures with the online community. Muslim Millennials […]
In this new edge global scenario, we are transmuting and dealing with technology and the disruption. While the technology is the easy part, the challenging part is, how we get all of the “people” in the workplace to embrace the change and drive the new business models. Vaibhav Garg – Executive Assistant Manager and Cluster […]
Statistics published by Maldives Inland Revenue Authority (MIRA) revealed that the revenue generated from Goods and Services Tax (GST) dropped by 18% last month. Last Year, MIRA collected MVR 556 Million from GST during August month which dropped to MVR 469 Million this year. According to MIRA, overall revenue generated from various taxes totaled to […]
Statistics published by Maldives Monetary Authority (MMA) have revealed that revenue generated from fish exports during June month totaled to $10.5 Million. The “Economic Review” by MMA, the Central Bank of Maldives stated that the quantity of fish exports also increased to 5.8 metric tons in June month, which is a massive increase compared to […]
Maldives Monetary Authority (MMA), the Central Bank of Maldives have issued MVR 24 Million under the Credit Guarantee Scheme for Small and Medium-sized Enterprises (SMEs). Under this scheme, applicants are not required to keep a mortgage and is charged with a fairly small interest rate. MMA has setup a fund to provide credit to SMEs […]