BCC Launches Nationwide Initiative to Profile Economic Development Projects
The Business Centre Corporation (BCC) has launched "Dhivehi Raajjeyge Iqthisaadhee Furamala 2025," a new initiative aimed at gathering comprehensive data on economic...
Maldives Customs Implements Stricter Regulations on Tobacco Storage and Vessel Tracking
The Maldives Customs Service has introduced amendments to the Customs General Regulation, banning the storage of tobacco and tobacco-related products in bonded...
MMA Tightens Currency Exchange Rules
The Maldives Monetary Authority (MMA) has announced that, under the Regulation on Money Changing Business, a specialized company must be established for...
Global Biodiversity Conference Ends with New Roles for Maldives in Conservation Leadership
The 16th Conference of the Parties (COP16) to the Convention on Biological Diversity (CBD) concluded successfully in Cali, Colombia, marking a significant...
Maldives and China Reflect on Decade of Growing Bilateral Ties at Anniversary Symposium
The Ambassador of China to the Maldives, Wang Lixin, highlighted the growth of Maldives-China relations during the "China and Maldives: A Decade...
President Ratifies New Amendment Raising Import Duties on Tobacco and Vaping Products
President Dr Mohamed Muizzu has ratified the 19th Amendment to the Maldives Export-Import Act (Act no. 31/79), introducing substantial changes to import...
Report: Calls Grow for Comprehensive Reform of Maldives’ Pension System
As one of the largest financial reserves in the Maldives, the national pension fund has amassed over MVR 20 billion in assets....
From Friday, Aasandha Scheme to Deduct Private Insurance First in New Cost-Cutting Measure
The Maldivian government has introduced a significant change to the national health insurance scheme, Aasandha, starting this Friday, as part of ongoing...
Allied Supports Employers with New Occupational Safety Regulations Compliance Through Group Term Assurance Plans
With the recent ratification of the Occupational Safety Act, employers now face new obligations to ensure the safety and well-being of their...
Maldives Government Proposes MVR 56.6 Billion Budget for 2025
The Maldivian government has unveiled a budget proposal totalling MVR 56.6 billion for the upcoming year, focusing on expenditure reduction, fiscal reforms,...
Committee Upholds Green Tax Increase for All Guesthouses, Rejects Exemption for Small Operators
The Maldivian parliament’s committee has voted against proposed exemptions that would have prevented smaller regional airports and guesthouses from facing increased departure...
STO’s Third Quarter Report Shows Strong Revenue Growth Amid Increased Expenses
The State Trading Organisation (STO) has reported its financial and operational performance for the third quarter of 2024, detailing notable revenue growth...
Ooredoo Fun Run Returns to Hulhumale on 20 December 2024
Ooredoo Maldives’ much-anticipated Fun Run is set to bring back its vibrant atmosphere to Hulhumale’ on 20 December 2024. Known as "The...
Hoandedhdhoo Council Opens Bids for Major Sustainable Agricultural Project on Kannigillaa Island
Hoandedhdhoo Council has announced the launch of a large-scale sustainable agricultural project on Kannigillaa, an uninhabited island in Gaafu Dhaalu Atoll. Bidding...
MMPRC Launches Nationwide Landmark Design Competition to Showcase Maldivian Heritage
The Maldives Marketing and Public Relations Corporation (MMPRC) has announced a nationwide competition inviting Maldivians over the age of 18 to design...
Tourism Revenues Propel Maldives’ Fiscal Year as Infrastructure Investments Surge
The Maldives government’s financial report for the period ending 24 October 2024 reveals a persistent budget deficit, with expenditure outpacing revenue. Cumulative...
Future Summit 2024 Outlines Path for Sustainable Tourism in Maldives
Held at Kurumba Maldives, the Future Summit 2024 brought together over 150 industry leaders, government officials, and tourism experts to discuss the...
Maldivian Resumes Scheduled Flights to Kooddoo Airport Post-Runway Renovations
Maldivian, the national airline of the Maldives, has resumed scheduled flights to Kooddoo Airport following recent runway renovations. The route, connecting Gaafu...
Maldives and China Sign Protocol to Boost Seafood Exports
The Maldives Food and Drug Authority (MFDA) has formalised a protocol with China’s General Administration of Customs (GACC) to establish inspection and...
Gov’t Aims to Expand Fish Storage Capacity to 25,000 Tons by 2029
In a parliamentary session today, Fisheries Minister Ahmed Shiyam announced the government’s target to enhance the nation’s fish storage capacity to 25,000...
New MIRA Guidelines Outline Reporting Requirements for SEZ-Linked Tax Concessions
The Maldives Inland Revenue Authority (MIRA) has gazetted new regulations to clarify reporting requirements for tax concessions linked to Special Economic Zones...
Corporate Maldives Unveils “Network”: A New Business Networking Platform for the Maldives
Corporate Maldives has officially launched Network, an innovative platform designed to enhance networking for professionals and businesses. Network serves as a hub...
Corruption Crackdown or Control Play? Debate Erupts Over ACC Amendments
The Maldivian government's recent proposal to amend legislation granting the President the authority to appoint the heads of the Anti-Corruption Commission (ACC)...
Parliament Approves MVR 5 Billion Supplementary Budget
Today, Parliament approved a supplementary budget of MVR 5 billion, which was proposed by the government to cover additional expenditures for the...
LATEST ARTICLES
Bank of Maldives and MMPRC Join Forces for Global Destination Marketing Campaign
Bank of Maldives (BML) has entered into a strategic partnership with the Maldives Marketing and Public Relations Corporation (MMPRC) to promote...
Pre-Schedule Your Corporate Maldives Network Meetings Now
Corporate Maldives Network meetings are now open through Corporate Maldives Network for pre-scheduled meetings as part of Corporate Maldives Bizweek.
Parliament to Review Asna Hamdhy’s Nomination for MMA Deputy Governor
President Dr Mohamed Muizzu has nominated Aishath Asna Hamdhy for the post of Deputy Governor at the Maldives Monetary Authority (MMA),...
Gov’t Opens Subscription for New Round of Treasury Bills
The Ministry of Finance and Planning has invited subscriptions for a new series of Maldivian Rufiyaa-denominated Treasury Bills (T-Bills), offering investors...
Maldives Moves to Block Companies in Debt from Bidding for Government Contracts
Parliament has unanimously approved new measures aimed at recovering outstanding debts owed to the state, including a policy change that would...
