Global Wellness Day 2024 Celebrated with Enthusiasm in Maldives

The Maldives recently joined over one billion people worldwide in celebrating Global Wellness Day 2024. Held on Saturday, June 8th, Global Wellness Day is a not-for-profit social project promoting a healthier and more fulfilling life. The event encourages individuals and communities to focus on well-being, inner peace, and breaking free from unhealthy habits and stressors.

Destination Future Sets the Stage for First-Ever Future Summit 2024

Destination Future has officially announced the Future Summit 2024, an event set to bring together leading industry experts and key stakeholders committed to promoting tourism in the Maldives. The summit is scheduled for 20 August 2024 and is poised to be a pivotal gathering for the tourism sector. The Future Summit 2024 aims...

Government Paying Close Attention to Fishermen’s Concerns, Says Minister Shiyam

Fishermen are currently protesting at the Addu Fisheries Complex port over the non-payment of dues by MIFCO. The Maldives’ Fisheries and Ocean Resources Minister, Ahmed Shiyam, has assured that the government is listening very closely to the voices of the fishermen involved in the protest. Speaking to state media, Minister Shiyam confirmed that the...

Maldives Food Carnival 2024 Set for July with Dhiraagu as Exclusive Digital Partner

Dhiraagu has signed on as the exclusive Digital Partner for the Maldives Food Carnival – ‘Powered by Dhiraagu’. The five-day culinary event will take place from 3rd - 7th July 2024 at Central Park, Hulhumale’. “We are thrilled to once again become a partner of the Maldives Food Carnival – ‘Powered by Dhiraagu’ –...

Explore Maldives Roadshow Set for June 26 in Bengaluru

Maldives Marketing and Public Relations Corporation (MMPRC/ Visit Maldives) and Manta Air, in partnership with major resorts in the Maldives, have jointly announced the upcoming "Explore Maldives Roadshow". Set to be held at the Shangri-La Hotel in Bengaluru on June 26, MMPRC states the exclusive event aims to attract more Indian tourists and facilitate networking opportunities between...

Back to Business: Navigating Work Post-Eid

As the sun rises over Malé, casting a golden hue on the tranquil waters of the Indian Ocean, the city hums back to life. The Eid holidays, with their vibrant celebrations and moments of serene reflection, have drawn to a close. Now, the challenge lies in transitioning back to the rhythm of work, harnessing the residual festive...

Minister Adam Shareef Outlines Plans to Empower Atoll Councils

The Minister of Cities, Local Government, and Public Works, Adam Shareef, has detailed the ministry's efforts to enhance the role of Atoll Councils, aiming to grant them greater authority and foster economic development.  In an exclusive interview with local media, Minister Shareef highlighted the current limitations imposed by the Decentralization of Administrative Areas Act...

Significant Increase in Green Tax Revenue from Guest Houses, MIRA Reports

Statistics released by the Maldives Inland Revenue Authority (MIRA) indicate a significant increase in green tax revenue from guest houses compared to 2023. According to MIRA's 2023 annual report, USD 408,650 was collected as green tax from guest houses, marking a notable increase from the USD 246,433 collected in 2022. This represents a substantial rise of 66.1%....

Fishermen Protest in Hulhumeedhoo Over Prolonged Unpaid Dues

Approximately 80 fishermen have staged a protest near the Maldives Industrial Fisheries Company Ltd (MIFCO) harbour, demanding payment for their catch. The protest, which began last evening, continues today as frustrations mount over delayed payments. The fishermen, voicing their grievances over unpaid dues, have threatened to escalate their actions if their demands are not...

Minister Reveals Plans to Address 63 Resorts in Development Limbo

The Tourism Minister, Ibrahim Faisal, has announced measures to address the problem of islands earmarked for tourism remaining undeveloped. In an exclusive interview with PSM News, Minister Faisal revealed that 63 resorts, which were sold for development, have yet to start operations. "Some of these islands were designated for development 30 years ago," Minister...

Maldives Backtracks on Consideration of Blanket Ban on Israeli Passport Holders Amid Diplomatic Nuances

In the wake of significant public outcry over the Gaza conflict, the Maldivian government initially decided to prohibit Israeli nationals from entering the Indian Ocean archipelago. However, this plan has since been paused due to concerns about its broader implications, particularly for the approximately 2 million Arab Muslims residing in Israel. On 2nd June,...

Maldives’ Tourism Gets Boost with Direct Flights from 22 Countries

The Ministry of Tourism recently released statistics stating that the Maldives has direct air connections to 22 countries, linking the Maldives directly with key destinations across Asia and Europe. These countries include Maldives' most prominent tourist markets, such as China, Russia, the U.K., Italy, India, and France. According to the Ministry...

Hanimaadhoo International Airport to be Complete by March 2025

The development of Hanimaadhoo International Airport is set to be completed by March next year, according to Regional Airports Managing Director, Ahmed Mubeen. The airport, which features a 2,465-metre runway, has made significant progress with 1,200 metres of the runway already operational since January. Speaking to local media Mubeen confirmed that the new runway...

Maldives Monetary Authority Projects Economic Growth for 2024

The Maldives Monetary Authority (MMA) has projected an increase in the economic growth rate for 2024 compared to the previous year. According to the latest Quarterly Economic Bulletin Report, most major economic sectors, with the exception of the fisheries industry, have reported expansion in activity. The report underscores the tourism industry as the primary...

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 and Services Tax (GST) rates from January 1, 2023. The amendments, enacted under the sixth revision to the Goods and Services Tax Act, saw the General Sector GST (GGST) rise from 6% to 8% and the Tourism Sector GST (TGST) from 12%...

Can Blue Carbon Credits Save the Maldives from Climate Crisis?

The Maldives, renowned for its picturesque islands and vibrant marine life, faces an existential challenge as climate change accelerates sea level rise and intensifies extreme weather events. With a significant portion of the nation's economy reliant on tourism and fisheries, the Maldives has intensified environmental sustainability efforts. Among these initiatives, the Maldives has embarked on the "Blue...

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 2023, aimed at reducing plastic waste and enhancing tax revenue collection. Effective from 18th April 2023, the plastic bag fee mandates a charge of MVR 2 per plastic bag given or sold at the point of sale. This initiative is part of...

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 for 2023. According to the authority's 2023 annual report, this is a 28.2% increase compared to 2022 and exceeds the 2023 projection by 4.9%. Meanwhile, non-tax revenue for 2023 amounted to MVR 4.24 billion, marking a 29.8% decrease compared...

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 more tourists during the Maldives' low tourism season.  In an exclusive interview with local media, the minister revealed that the government will increase the Maldives Marketing and Public Relations Corporation (MMPRC) budget to facilitate these efforts, focusing on the...

Addu City to Convert Entirely to Renewable Energy

Addu City is set to generate all its electricity from renewable energy sources, a significant step towards sustainability. Mayor Ali Nizar has announced that the ongoing energy projects will ensure the city meets its entire energy demand through renewable means. Addu City already produces approximately 11 MW of electricity through oil combustion. However, with...

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 will run from 18 June to 12 July 2024. The Maldives delegation, in alignment with the Government’s key policies and priorities, is set to deliver national statements under several agenda items during the session. Representing a group of Small...

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 one millionth tourist of the year later this month. The announcement was made during an exclusive interview with PSM News. Minister Faisal highlighted that over 900,000 tourists have already visited the Maldives this year, with the one millionth visitor...

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, and Sri Lanka, effective July 1, 2024. Sislen takes over from Mr. Faris Hadad-Zervos, who will transition to a new role within the World Bank organisation. In a press release shared today, the international financial institution reveals that Sislen,...

Kevin Che | Managing Director of KLN International

Kevin Che is the Managing Director of KLN International Co., Limited, a company established in 2009 that excels in international trade and logistics, serving a diverse array of sectors including furniture, electronics, and textiles. With a robust focus on quality control and client service, KLN offers comprehensive solutions ranging from product sourcing to shipping.

LATEST ARTICLES

Global Wellness Day 2024 Celebrated with Enthusiasm in Maldives

The Maldives recently joined over one billion people worldwide in celebrating Global Wellness Day 2024. Held on Saturday, June 8th, Global Wellness...

Destination Future Sets the Stage for First-Ever Future Summit 2024

Destination Future has officially announced the Future Summit 2024, an event set to bring together leading industry experts and key stakeholders committed...

Government Paying Close Attention to Fishermen’s Concerns, Says Minister Shiyam

Fishermen are currently protesting at the Addu Fisheries Complex port over the non-payment of dues by MIFCO. The Maldives’ Fisheries and Ocean...

Maldives Food Carnival 2024 Set for July with Dhiraagu as Exclusive Digital Partner

Dhiraagu has signed on as the exclusive Digital Partner for the Maldives Food Carnival – ‘Powered by Dhiraagu’. The five-day culinary event...

Explore Maldives Roadshow Set for June 26 in Bengaluru

Maldives Marketing and Public Relations Corporation (MMPRC/ Visit Maldives) and Manta Air, in partnership with major resorts in the Maldives, have jointly...
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