Maldives Monetary Authority Projects Economic Growth for 2024
The Maldives Monetary Authority (MMA) has projected an increase in the economic growth rate for…
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News
How GST Rate Changes in 2023 Strengthened Maldives’ Fiscal Health and Revenue Collection
The Maldives witnessed significant changes in its tax landscape with the implementation of increased Goods…
Plastic Bag Fee Boosts Tax Revenue and Promotes Sustainability in the Maldives
The Maldives Inland Revenue Authority (MIRA) introduced a significant environmental tax on plastic bags in…
MIRA Reports MVR 20.6 Billion in Tax Revenue Last Year
The Maldives Inland Revenue Authority (MIRA) reported a total tax revenue of MVR 20.62 billion…
Tourism Minister Faisal Pledges 15 – 20% Occupancy Increase During Low Season
The Minister of Tourism, Ibrahim Faisal, has announced plans to intensify advertising efforts to attract…
Addu City to Convert Entirely to Renewable Energy
Addu City is set to generate all its electricity from renewable energy sources, a significant…
Maldives Participates in 56th Session of UN Human Rights Council
The 56th Session of the United Nations Human Rights Council commenced in Geneva, Switzerland, and…
Maldives Poised to Welcome One Millionth Tourist of the Year By June-End
Minister of Tourism Ibrahim Faisal has announced that the Maldives is set to welcome its…
World Bank Appoints New Country Director for Maldives, Nepal, & Sri Lanka
The World Bank has appointed David Sislen as the new Country Director for Maldives, Nepal,…
Kevin Che
Managing Director of KLN International
MIRA Reports 102% Increase in Zakat al-Mal Collection
The Maldives Inland Revenue Authority (MIRA) has reported a significant increase in Zakat al-Mal collections…
Government Spending on Development Projects Drops by Half
The Maldivian government’s spending on major development projects has plummeted, with current capital expenditure at…
HDC Removes Unauthorised Beach Outlets in Hulhumale Phase II
The Housing Development Corporation (HDC) is removing unauthorised huts and commercial outlets from the beach…
Minister Highlights Urgent Need for Discussions on Population Dynamics
Minister of Social and Family Development Dr. Aishath Shiham has underscored the pressing necessity for…
MIRA Freezes Over 200 Bank Accounts to Recover Unpaid Taxes
The Maldives Inland Revenue Authority (MIRA) has frozen the bank accounts of more than 200…
STO Reports Net Profit Increased by 20 Million
The State Trading Organization Plc. (STO) has released its 2023 annual report, revealing a net…
Gov’t Recurrent Expenditure Sees MVR 627 Million Increase
The Maldivian government’s recurrent expenditures increased by MVR 627 million in the first week of…
New Resorts to Boost Maldives Tourism with 2,700 Extra Beds: Minister
Minister of Tourism Ibrahim Faisal has revealed an additional 2,700 beds will be added to…
President’s Office Reveals SIDS Conference Trip Cost MVR 3.8 Million
The President’s Office has disclosed that MVR 3.8 million was spent on President Dr. Mohamed…
Foreign Workers in Maldives Must Obtain Island-Specific Permits, Says Minister
Minister of Homeland Security and Technology Ali Ihusaan has revealed that the Maldivian government will…
Ooredoo Maldives Commemorates N. Landhoo as First Digital Island
Ooredoo Maldives has recognised N. Landhoo as the first Digital Island in the Maldives. On…
Winner of Dhiraagu’s ‘Win a Tesla’ Promotion Announced
Dhiraagu has announced the winner of its much-anticipated ‘Win a Tesla’ promotion. Mohamed Musthafa of…
Report: Unravelling the Economic Fragility of the Maldives
The Calm Before the Storm The Maldives, often perceived as a tropical haven, is on…
Shiuree Appointed as New Managing Director of MMPRC
Ibrahim Shiuree has been appointed the new Managing Director of the Maldives Marketing and Public…