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
Business
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
MTCC expands payment options for public buses starting August 2022
Malé, Maldives - CEO of Maldives Transport & Contracting Company (MTCC) Adam Azim on Monday stated that starting August 2022, Bank of Maldives (BML) touch and go cards and QR… Continued
High speed ferry service, the backbone of development – President Solih
Malé, Maldives - Rajje Transport Link (RTL), a high speed ferry service across the nation, will become the backbone of national development and substantial to its decentralization, affirms President Ibrahim… Continued
World Bank revises GDP growth forecast for Maldives
Malé, Maldives - In the most recent "Global Economic Prospects" published by World Bank, Maldives' GDP growth forecast for the year 2022 has been decreased. As per table 2.5.2 of… Continued
Finance Minister to be questioned regarding state reserve
Malé, Maldives - A motion to question Minister of Finance Ibrahim Ameer has been submitted to the Parliament. The motion was filed by Member of Parliament representing North Galolhu constituency… Continued
Deputy Speaker to question Finance Minister regarding the Maldives’ financial status
Malé, Maldives - Deputy Speaker of the Maldives Parliament Eva Abdulla on Tuesday proposed questions for Finance Minister Ibrahim Ameer regarding the monetary reserve of the Maldives. MP Eva has… Continued
No concerns regarding Maldives’ economic trajectory: Exim Bank
Mumbai, India - Indian owned Exim bank - which has extended billions of dollars of the Maldives as part of it's line of credit - has expressed confidence in the… Continued
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