Market Research on the Luxury Goods Industry
A report published by Bain & Company revealed some unexpected outcomes. As per this report, the global unsteadiness and political turns have led to...
“CONNECT” Conference Manager launched for TTM
CONNECT, a specialized conference management software, has been launched for the international Travel Trade Show of Maldives (TTM). This software, which innovates meetings and...
Goods Imported on Behalf of a Third Party Subject to GST
The MIRA has published a circular concerning the GST implications for businesses that import goods on behalf of a third party.
The circular reminds...
Media Partners signs for TTM 2017
Public Service Media (PSM), Avas Online, Maldives.net.mv, The Island Chief and Corporate Maldives have signed a MOU with Maldives Getaways Pvt Ltd to become...
MIRA Reports 14.5 billion in Revenue in 2016
Maldives Inland Revenue Authority has reported a total of MVR 14.5 billion in revenue in 2016.
According to the official statistics released by MIRA, their...
16% Increase During First Month of Maldives Tourism Season
The first month of Maldives tourism high season (spanning from November to April) has shown a 16% increase in arrivals in comparison to last...
6 Hotel Trends Projected for 2017!
The hospitality industry is an industry that implements the most recent and up to date trends which they carry on either for a short...
MWSC to Establish Water and Sewerage System for Hulhumale’ Second Phase
Male’ Water and Sewerage Company (MWSC) has been awarded a 25-million-dollar project to establish the water and sewerage system for Hulhumale’ Second Phase.
The agreement...
MATATO to host destination stand at WTM Connect Asia 2017
MATATO invites its members and industry partners, to participate in WTM Connect Asia 2017, to be held from the 17th to 19th of May...
15.2 Million Dollars Sold to Over 30,000 Travelers– MMA
Maldives Monetary Authority has publicized that 15.2million US dollars were sold to over 30,000 local travelers between 20th November 2016 and 9th January 2017.
MMA,...
Top 12 events for Maldives Businesses in 2017
2016 was a year of many firsts in the Maldives, with several new events that popped up and made headlines throughout the country. With...
Qatar Airways Travel Festival 2017
Qatar Airways’ popular Travel Festival is back and is bigger than ever for 2017, with exceptional deals and more than 500 incredible prizes to...
MMA increases Credit Guarantee Scheme Allotment to 100million
Maldives Monetary Authority has announced that the allocated budget for the Credit Guarantee Scheme has been raised by 50million due to exceptionally favorable response...
Dhiraagu Becomes Development Partner for Young Fishers Club
Dhiraagu has signed on to become the official Development Partner of Maldives Fishermen’s Associations' Young Fishers Club.
According to Dhiraagu, this is an initiative under Dhiraagu’s...
CARE Ratings closes Maldives Office
Credit Analysis and Research Limited (CARE), the second largest credit rating agency in India, has closed their Maldives Branch Office.
CARE has been operating in...
BML Launches Online Portal for Dollar Purchase
Bank of Maldives (BML) has launched an online portal for convenient purchase of US dollars.
With this new portal, BML account holders travelling to other...
US President Obama Denies All Pending Permits for Seismic Airgun Blasting in Atlantic Ocean
As seen on http://www.ecowatch.com
The Obama administration has formally denied all pending permits to conduct seismic airgun blasting in the Atlantic Ocean. Seismic airgun blasting, an extremely...
Ooredoo Maldives Nationwide Submarine Cable Project Complete
Ooredoo Maldives has successfully completed their 25million dollar project to extend their submarine cable network to all corners of the Maldives.
With seven landing stations...
Leased Plots at ‘Guesthouse Island’ Baresdhoo will be Handed Over in February – MITDC
Maldives Integrated Tourism Development Corporation (MITDC) has announced that land plots leased from ‘Guesthouse Island’ Baresdhoo in Laamu Atoll, will be handed over as...
Dhoogas will be awarded to MPL very soon – Junaid
Mohamed Junaid, Chief Operating Officer of Maldives Ports Limited (MPL), has stated that Dhoogas Hotel in Gan will be awarded to MPL very soon.
Speaking...
MITDC to Reclaim Lagoon near Male’ for Picnic Island
Maldives Integrated Tourism Development Corporation (MITDC) will reportedly be reclaiming a lagoon near Male’ to be developed as a picnic island for local residents.
MITDC...
Air China to Commence Direct Flights to Maldives
Chinese Ambassador to the Maldives Wang Fukang has announced that Chinese national airline, Air China, is preparing to begin direct flights between Maldives and...
Talks Underway for Haa Dhaalu Naagoshi Resort Project – MITDC
Maldives Integrated Tourism Development Corporation has announced that talks are underway for the Haa Dhaalu Naagoshi resort project to be switched to MITDC’s tenure.
MITDC’s...
Remittance Tax Imposed on Expatriate Workers
Maldives Inland Revenue Authority (MIRA) has announced that a 3% remittance tax will be levied from all foreigners employed in the Maldives for withdrawals...
LATEST ARTICLES
Report: New Housing Loan Scheme, Ambitious Vision or Economic Gamble?
The Maldivian government's recent launch of the 'Hiyaavahi' finance scheme has been hailed by many as a significant step towards addressing the...
Dhiraagu Supports Kulhudhuffushi Knowledge Centre with Digital and Educational Contributions
Dhiraagu has extended its support to the newly established Knowledge Centre in Kulhudhuffushi City, an initiative launched by the Kulhudhuffushi City Council...
Foreign Minister Praises Indian High Commissioner for Strengthening Bilateral Ties
The High Commissioner of India to the Maldives, Mr. Munu Mahawar, paid a farewell call on the Minister of Foreign Affairs, Dr....
Seaplane Services to Take Off at Hanimaadhoo International Airport, Says MACL
Maldives Airports Company Limited (MACL) has unveiled plans to introduce seaplane services at Hanimaadhoo International Airport as part of efforts to diversify...
Gov’t Plans to Double Travel Allowance by Early 2026
President Dr Mohamed Muizzu has commented on proposed measures to improve dollar circulation in the Maldives' banking system, including mandatory exchange requirements...
