MMA publishes a regulation on fees & charges payable by financial institutions
Maldives Monetary Authority has published a regulation on fees & charges payable by financial institutions. This Regulation is issued pursuant to Section 37 and 38...
Tourism Ministry Reinforces Mandate for Monthly Statistics Submissions
The Ministry of Tourism has released a circular announcing that Guesthouses and Safari Operators who fail to submit monthly statistics reports will be penalized...
Small Businesses required to submit GST return online
The Maldives Inland Revenue Authority has published a ruling on 5 June 2017 which makes it mandatory for certain businesses to submit their General...
CTL Strategies Conducts Seminar on Withholding Tax for Tourism Professionals
A seminar on “Contemporary Issues on Withholding Tax in the Tourism Industry” was conducted by CTL Strategies on 12 August 2017.
The seminar held at...
Gov’t Reports Progress in Stabilizing Dollar Exchange Rate
Mohamed Saeed, Maldives' Minister of Economic Development and Trade, has announced progress in stabilizing the nation's dollar exchange rate. Minister Saeed attributes...
Gov’t to Explore Chinese Trade in Rufiyaa, Aims to Reduce Dollar Reliance
Minister of Economic Development and Trade, Mohamed Saeed, disclosed that China is poised to enable payments for goods in Maldivian Rufiyaa (MVR).
Maldives Welcomes Over 7,000 Tourists Daily
The Maldives is enjoying a significant resurgence in tourism, with the Ministry of Tourism reporting an average of over 7,000 tourists visiting...
Ministry Seeks Participation in Restructured Minimum Wage Advisory Board
The Ministry of Higher Education, Labor and Skills Development in the Maldives has issued a call for civil society organizations to apply...
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Maldives to Launch Annual Productivity Expo in 2025
President Dr Mohamed Muizzu announced on Monday that Maldives will host a national-scale expo to enhance the country's productivity and business portfolios....
New Reforms to Improve Maldives’ Financial Health: Finance Minister
Minister of Finance Dr Mohamed Shafeeq has announced that the government is set to introduce a series of reforms to improve the...
Kick-off Back to School with Dhiraagu Special Offer
Dhiraagu has announced an exciting ‘Back to School Offer’ aimed at new students and teachers. This initiative promises high-speed internet connectivity as...
TikTok Contest for MVR 3000 Ends Soon with Allied Insurance
Allied Insurance's TikTok competition is drawing to a close with four days left till the deadline, the company announces in a press...
World Bank Highlights Risks of Maldives’ Reliance on Central Bank
As reported by the World Bank, a significant portion of the state's budget deficit last year was covered by funds from the...
