BML reports Operating Profit of MVR 592 million in 2QFY2022
Malé, Maldives - Bank of Maldives on Sunday reported an Operating Profit of MVR 592 in the second quarter of the year 2022. With good performance in all core business… Continued
Business
Customs revenue jumps 44 percent in June 2022
Malé, Maldives - Maldives Customs Service on Sunday revealed statistics indicating an increase of 44 percent in the customs revenue in June 2022. The revenue for June 2022 is recorded… Continued
Carlyle Group considers sale of Trans Maldivian Airways for USD 700 million
United States - Bloomberg reports that a group of investors led by Carlyle Group Inc. is considering a sale of Trans Maldivian Airways, for a value ranging from USD 500… Continued
Government cancels Independence Day parade amid cost-cutting measures
Malé, Maldives - The Government of Maldives on Sunday cancelled the Independence Day celebratory events as a cost-cutting measure. While massive celebrations were announced earlier for this years Independence Day… Continued
MIRA collects MVR 2.32 billion in revenue for June 2022, 74 percent higher than projections
Malé, Maldives - Maldives Inland Revenue Authority (MIRA) announced on Thursday that the total revenue collected in June 2022 is at MBR 2.32 billion, a tremendous 95.1 percent higher value… Continued
MIRA alerts of Tax Clearance Report forgeries
Malé, Maldives - Maldives Inland Revenue Authority (MIRA) on Tuesday alerted authorities as forgeries of Tax Clearance Reports are being used increasingly. A Tax Clearance Report confirming outstanding balances and… Continued
Govt to hike GST, TGST to 12 and 16 percent in 2023
Malé, Maldives - Minister of Finance Ibrahim Ameer on Tuesday confirmed that the government has planned to increase Goods and Services Tax (GST) in 2023. The GST hike will result… Continued
Maldives introduces currency symbol for Dhivehi Rufiyaa
Malé, Maldives - Maldives Monetary Authority (MMA) on Sunday revealed the official currency symbol for the Maldivian currency Dhivehi Rufiyaa at a ceremony held at MMA headquarters. The symbol was… Continued
Maldives discontinues the Floating City project
Malé, Maldives - Speaker of the Maldives Parliament and former President Mohamed Nasheed allegedly stated on Wednesday that the incumbent government is deliberately blocking the Maldives Floating City (MFC) since… Continued
Addu City’s Villingili Resort and Spa up for sale!
Addu City, Maldives - Shangri-La's Villingili Resort and Spa, the most luxurious hotel brand located in Addu atoll, has been opened to investors up for acquisition, after having its operations… Continued
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