New MIRA Ruling Establishes Procedures for Reassessing Tax Amounts
The Maldives Inland Revenue Authority (MIRA) has issued a new tax ruling outlining the procedures for redetermining previously assessed tax amounts in...
Government Raises MVR 2.87 Billion Through Latest T-Bill Issuance
The Ministry of Finance and Planning has announced the successful sale of MVR 2.87 billion in Treasury Bills (T-Bills) under Series...
Maldives’ Aviation History Revived with ‘Dornier Wreck’ Dive Site
An old Dornier 228 aircraft that once belonged to Air Maldives has been submerged near Kudagiri Picnic Island to create a new...
President Announces Major Infrastructure and Tourism Projects in New Decree
President Mohamed Muizzu has issued Presidential Decree No. 6/2025, introducing amendments to a previous decree that outlines projects eligible for cross-subsidy investment...
Proposed Amendment to Tourism Act Seeks to Establish New Tourism Trust Fund
The government is looking to establish and regulate a Tourism Trust Fund under the Tourism Act instead of the Finance Act. The...
President Addresses Medicine Shortage: STO Pharmacies to Stock Essential Medicines
President Dr Mohamed Muizzu has declared that all medications listed on the Maldives Food and Drug Authority (MFDA) essential medicine list will...
President Announces Electricity and Water Bill Discounts for Ramadan
President Mohamed Muizzu has announced that electricity and water bills will be discounted during Ramadan, ensuring that households do not face higher...
Kudahuvadhoo to Become Logistics Hub with New Port Development
The government has officially handed over a project to Maldives Ports Limited (MPL) for the development of a port in Dhaalu Atoll...
MIRA’s 2025 Tax Help Programme Targets Individuals Earning Under MVR 10M
The Maldives Inland Revenue Authority (MIRA) has officially launched its Income Tax Assistance Programme 2025, offering targeted support to taxpayers required...
Saudi Fund Extends Additional USD 17 Million Loan for VIA Terminal Project
The Government of Maldives has secured an additional USD 17 million (MVR 262 million) in financing from the Saudi Fund for...
The Cost of Undermining Judicial Independence: Economic and Investment Risks
The recent proposal by the ruling People's National Congress (PNC) to reduce the number of Supreme Court justices from seven to five...
CFC Offers Loans for Agribusiness Ventures: Deadline Set for April 2025
The Common Fund for Commodities (CFC) has announced financial support for small to medium-sized agribusiness projects. The initiative aims to provide loans...
LATEST ARTICLES
U.S. Embassy in Maldives Reportedly Among Dozens Targeted for Closure in Leaked State Department...
The U.S. Embassy in Maldives, opened less than two years ago, has reportedly been listed among ten embassies recommended for closure,...
Visit Maldives Shifts Focus from ITB Berlin, Highlights ATM Dubai in New Strategy
Visit Maldives is placing increased emphasis on the Arabian Travel Market (ATM) in Dubai for 2025, reflecting a broader shift in...
Maldives Engages Turkish Business Community to Strengthen Economic Cooperation
Senior officials from the Maldives held discussions with leading members of Türkiye’s business community in Istanbul, aiming to strengthen economic ties...
Steady Progress Continues at Bayfancy Residence as Second-Floor Slab Casting is Completed
The construction of Bayfancy Residence is progressing steadily, with the project team completing the slab casting of the second floor and finalising...
Dhiraagu Malé Open Swimming Competition Returns on 24 May 2025
More than 350 swimmers are set to dive into the waters off Rasfannu, Malé, as the Dhiraagu Malé Open Swimming Competition...
