High Court Confirms TAT Ruling on Third Party Payments
The High Court of Maldives has upheld the Tax Appeal Tribunal's decision on a case which focused on the subjectivity of withholding tax on...
STO to Establish Training Center for Staff
State Trading Organization (STO) has revealed plans to establish a training institute to train their staff in the upcoming business year.
Speaking at the function...
Feydhooo Finolhu’s sale of USD 4 million complete
The island of Feydhoo Finnolhu located in Male' Atoll has been sold off to a Chinese company for USD 4 million as per the...
Brand new “VisitMaldives” website launched
Maldives Marketing & Public Relations Corporation launched the brand new “VisitMaldives” website with new interactive features targeting both the members of MMPRC and the...
Champa Central Rooftop Restaurant opens
Located in the center of the city, Champa Central Hotel has opened their dining facilities on their terrace as a roof top restaurant last...
“BAN THE BAGS” – Campaign to ban single-use plastic bags in Maldives by 2020
A campaign aimed at banning single-use plastic bags by 2020 has been initiated by Maldives Getaways as a CSR project in partnership with various other...
Maldives Monetary Authority to be closed on December 29
Central bank, Maldives Monetary Authority (MMA), announces that December 28 will be the final day of banking service at the authority for the year...
MTCC proposes to construct 5 new airports
MTCC proposes plans to build 5 new regional airports including one in Hdh Kulhudhuffushi.
Speaking to the media CEO of MTCC Mr. Ziyath stated that they...
MATATO raises serious concerns about destination marketing efforts for 2017
As previously lobbied by MATATO when Government's budget was submitted to the parliament about the importance of destination marketing given the challenges of rapid...
OFID gives USD 50 million loan for airport development
OPEC Fund for International Development gives out a loan of USD 50 million for the development projects of Ibrahim Nasir International Airport (INIA).
In a...
‘Seychelles, Cancun & Maldives among most searched spots by Indian honeymooners’
With growing number of Indians preferring to plan their honeymoon overseas, picturesque Seychelles and Mexican city Cancun have emerged as the top destinations being...
The national airline adds a new aircraft to it’s fleet
The 20th addition to the Maldivian fleet arrived yesterday which is a Dash 8 aeroplane.
This plane arrived after its embarkation from New Zealand and...
Ooredoo to launch 4G+ internet across the nation via their new submarine cable
After the completion of the Ooredoo submarine cable that began earlier this month, they would be broadening their mobile internet service and starting 4G+...
Dhiraagu signs on with Huawei and Nokia to provide 4G internet nationwide
Dhiraagu signs on with Huawei and Nokia to get the required equipment and necessary expertise to set up systems to provide 4G internet nation...
Ensis announces plans for residential apartments and puts them up for sale
Ensis has been given the green signal and are putting up their residential apartments for sale. Aptly named Aira, on of their "largest" selling...
Maldives dominates as the most searched travel destination on Google in the UK
According to Google analytics in the UK, Maldives is the most searched or looked up travel destination when people plan to travel abroad to spend...
Bank of Maldives expands nationwide presence with new branch in N. Holhudhoo
Bank of Maldives has further expanded its presence in the country with the opening of a new branch in Holhudhoo in Noonu Atoll.
The branch...
Bank of Maldives announces new Executive Team changes to support expansion plans
At a gathering today attended by over 100 senior staff, Bank of Maldives CEO and Managing Director Andrew Healy announced some changes to the...
Amana Takaful to distribute Interim Dividend this year as well
With the increase in profits this year, Amana Takaful has decided to distribute interim dividend, for the second time this year.
In a PR statement...
Asian economy boomed despite a downgrade caused by India – ADB
Recent publication by the Asian Development Bank indicated a steady growth for the Asian economies despite a temporary setback caused by the Indian demonetization. It...
MIRA donates to charity
Under their Corporate Social Responsibilities, MIRA donates a lot of items for the children at Fiyavathi, the orphanage located in Hulhumale.
The event took place...
The 7 companies to develop flats in Hulhumaale selected
Building the housing flats for the middle class income sector of the economy has been awarded to the 7 companies by Housing Development Corporation, HDC.
The...
Customs collected MVR 223 million in November
The most recent statistics by the Customs Authority stated that they have received an income of MVR 223 million in the month of November...
Nearly 100,000 Maldivian travelers to Srilanka
With the start of the school vacations, travelers outbound from the country rises, be it for holidays or medical reasons travelers go to neighboring...
LATEST ARTICLES
Duty Rates for China-Maldives FTA Now Available on Customs Website
The Maldives Customs Service has announced via a post on X (formerly Twitter) that the duty rates under the China-Maldives Free Trade...
2025 to Mark a Year of Development and Prosperity, Says President Muizzu
In his New Year’s address, President Dr Mohamed Muizzu outlined a bold vision for 2025, describing it as a year of significant...
STO Launches New Pharmacy in Maafannu
The State Trading Organisation (STO) has opened a new pharmacy in Maafannu, situated on Majeedhy Road, directly across from Veliga Hardware.
Maldives Celebrates Arrival of First Tourist of 2025
The Maldives kicked off the new year by welcoming its first tourist of 2025, Mr. Luis from Spain, at a small ceremony...
Ministry of Finance Takes Over Loan Approvals for State-Owned Enterprises
A recent change in policy mandates that State-Owned Enterprises (SOEs) must obtain approval from the Ministry of Finance before taking on any...
