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TGST Hike Comes into Effect: Tourism Sector Now Subject to 17% Rate

The Tourism Goods and Services Tax (TGST) in the Maldives has officially increased from 16 percent to 17 percent as of today,...

Diversifying Dollar Access: MIB’s Untapped Potential to Serve Maldivians

For years, the Bank of Maldives (BML) has carried the burden of being the country’s primary source of US dollar services for...

Maldives Signs Investment Residency Deal: What It Means for the Economy

The Government of Maldives has signed an agreement with global investment migration firm Henley & Partners to establish the country’s first-ever residence...

Solar City, Residence by Investment Programme Among Key Deals at Business Forum

The Maldives–Singapore Business Forum 2025, held at Capella Singapore, brought together over 200 delegates, including high-ranking government officials, international investors, and leading...

PCB Appoints Directors to Support State-Backed Development Bank

The Privatisation and Corporatisation Board (PCB) has appointed four members to the Board of Directors of the newly established Development Bank of...
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