Lack of Parking Spaces Continues to Plague Malé City!
Finding free parking spaces has always been a problem in Male’ city. The problem has been exacerbated by the commencement of the...
The Dangers of Politically Motivated Speculation — Far Greater Than Risk of Economic Collapse?
Recently, the neighbouring country of Sri Lanka defaulted on its debt for the first time in its history as the country grapples...
High Service Charge Paid by Resorts — Another Side to This Story?
From 1st January 2021 onwards, the law made service charge a mandatory levy in the Maldives tourism sector. This brought about a...
Report: Developing Resorts on Every Single Uninhabited Island Must be Stopped!
As the country's main economic driver, tourism is the lifeline of the Maldives. We heavily rely on this industry for the bulk...
Islands on Bid for Tourism Development in Outer Atolls – Why Were They Not...
Earlier this year, the Ministry of Tourism had invited eligible investors to submit their interest to develop tourist resorts in uninhabited islands...
Post-Covid Resort Construction: How Has the Industry Adapted to the New Normal?
The prevalent COVID-19 pandemic has required every industry to adapt to new normal ways of work, and the construction industry has not...
Muslim Millennial Travelers are influencing a USD 100 Billion Market: MMTR2017
Muslim Millennial Travelers (MMTs), a distinctive subgroup of the modern millennial travellers are modelling a USD 100 billion market with their special requirements, interests...
Embracing Diversity to create a Culture of Inclusion – Emerging Talent Management Approach
In this new edge global scenario, we are transmuting and dealing with technology and the disruption. While the technology is the easy part, the...
Ditching Traditional DMO’s: Case Study of Copenhagen vs Maldives
Wonderful Copenhagen just announced that they are ditching their traditional DMO’s role and focus on a brand new destination strategy that will lead them...
Overall Revenue Generated from Taxes Dropped Last Month – MIRA
Statistics published by Maldives Inland Revenue Authority (MIRA) revealed that the revenue generated from Goods and Services Tax (GST) dropped by 18% last month. ...
Revenue Generated from the Export of Fish Totaled to $10.5 Million in June Month
Statistics published by Maldives Monetary Authority (MMA) have revealed that revenue generated from fish exports during June month totaled to $10.5 Million.
The “Economic Review”...
SMEs Have Been Issued With Loans Totaling to MVR 24 Million under the Credit...
Small and Medium Sized Enterprises (SMEs) have been issued with loans totaling to MVR 24 Million under the Credit Guarantee Scheme formed by Maldives...
Self-Service Transitions by BML has reached over 4 Million
Bank of Maldives (BML), the national bank of the Maldives has revealed that last year’s statistics displayed that over 4 million self-service transitions were...
Maldives: Rising Bed Capacity but a Stagnant Demand
Looking at the last 6 years of tourist arrivals into the Maldives, it will be safe to say that the arrivals have remained rather...
Dhiraagu Records Profit after tax of MVR 209 Million Within the Second Quarter of...
Dhiraagu, the largest telecommunication company in Maldives have announced that they have recorded MVR 209 Million as Profit-after-tax.
Financial reports published by Dhiraagu revealed that...
MTCC Announces Revenue of MVR 24.6 Million Within the Second Quarter of this Year
Maldives Transport and Contracting Company (MTCC) has announced that they have earned revenue of MVR 24.6 Million within the second quarter of this year....
Maldivians travelling to Sri Lanka has Dropped This Year Compared to Last Year
Statistics of June month have revealed that the number of Maldivians travelling to Sri Lanka has dropped. Sri Lanka is one of the top...
Both the Imports and Exports Have Increased Last Month: Maldives Customs Service
According to the statistics revealed by Maldives Customs Services, The CIF value of goods imported on this year’s June Month has increased by 7%...
India Renews Export of Staple Food Quota to Maldives
India has renewed the quota of exporting onion and potato to Maldives for one year. This news was published in Indian media after receiving...
Deadline Extended for Filing BPT Return
Maldives Inland Revenue Authority (MIRA) has extended the period for the submission of last year’s Business Profit Tax (BPT) Return and reports to 16th...
STO to Reduce the Price of Petrol and Diesel
State Trading Organization Plc (STO) has reduced the price of petrol and diesel.
1-liter of diesel which was being sold for MVR 8.95 has been...
Massive Increase in the Revenue Generated from Tourism Land Rent
It has been revealed by Maldives Inland Revenue Authority (MIRA) that the revenue generated from tourism land rent has increased tremendously.
Statistics issued by MIRA...
THE MALDIVIAN ECONOMY IN 2016: AVIATION SECTOR
By: Shifneen Rasheed & Daha Shuaib
Regardless of the ups and down in the economy, the aviation sector managed to achieve several developmental targets in...
THE MALDIVIAN ECONOMY IN 2016: HEALTH SECTOR
Health is a basic right to every citizen in the Maldives. Health services in the Maldives are delivered through primary health care. Most people...
LATEST ARTICLES
MMPRC Invites Top Journalists from Italy to Experience the Sunny Side of Life
Maldives Marketing and Public Relations Corporation (MMPRC / Visit Maldives) has welcomed journalists from prominent Italian publications to experience the world-class hospitality...
Sri Lanka Implements Fuel Price Reductions to Alleviate Economic Crisis
Sri Lanka's government has announced significant cuts in fuel prices, offering relief to a country in the midst of an economic crisis...
Bill Proposed to Amend Waste Import Clause in Waste Management Act
An amendment bill to the Waste Management Act has been proposed to eliminate the provision that permits the importation of waste. Parliamentarian...
Government to Build First Port City in Northernmost Region of Maldives
The Minister of Economic Development, Fayyaz Ismail, has announced that the Maldives will build its first port city in the northernmost region,...
ADB and BML Sign USD 41 Million Finance Package to Support SMEs and Tourism
The Asian Development Bank (ADB) has recently signed a finance package worth USD 41 million with the Bank of Maldives (BML). This...
