Business

Two Maldivians arrested for dealing in counterfeit dollars

November 25, 2022, 07:44

Hulhumalé, Maldives - Police have arrested two Maldivians for dealing in counterfeit dollars at a large scale. A 23-year-old man and a 24-year-old woman were arrested in an operation conducted… Continued

Law to be amended to ease foreign investments: Minister Fayyaz

November 25, 2022, 07:32

Malé, Maldives - Economic Minister Fayyaz Ismail today said that the Foreign Direct Investment (FDI) Act is being amended to provide a more favorable environment and ensure security for investors… Continued

TGST hike will bring positive changes in reserves: Gov’t

November 24, 2022, 20:59

Malé, Maldives - President's Office Spokesperson Miuvan Mohammed has said that the increase in TGST will bring positive changes to the government's foreign exchange reserves. Replying to a question from… Continued

Don’t undermine credibility of financial system: MP Shareef

November 24, 2022, 11:59

Malé, Maldives - Parliamentarian for Maradhoo constituency, Ibrahim Shareef has called on Speaker Mohamed Nasheed to refrain from any remarks which would undermine the credibility of the Maldivian financial system.… Continued

BML announces value ceiling for cheques

November 24, 2022, 11:42

Malé, Maldives - Bank of Maldives (BML) has announced that they will accept cheques up to MVR 50,000 from April 2023 onward. In an announcement, BML stated that this was… Continued

Private beach to be allocated for Hulhumalé guesthouses

November 24, 2022, 09:55

Malé, Maldives - Housing Development Corporation (HDC) has announced that they will designate a private beach for guesthouses in Hulhumalé. HDC said in a statement that it has decided to… Continued

Must explore & adopt green construction options: VP Faisal

November 17, 2022, 05:35

Malé, Maldives - Vice President Faisal Naseem stated on Wednesday that the most significant contribution the construction sector can make in the fight against climate change is exploring and adopting… Continued

Parliament passes Tax Hike bill

November 16, 2022, 11:47

Malé, Maldives - Parliament votes to go ahead with government’s proposal to increase GST and TGST. The government had proposed to increase GST and TGST from January next year. Amendment… Continued

Tax Hike vote delayed, Pro-Gov’t MP’s criticize Speaker

November 15, 2022, 14:32

Malé, Maldives - Parliament session has been concluded without taking the vote on government’s proposal to increase GST and TGST for the second consecutive day. The government has proposed to… Continued

AFCONS to be slapped with MVR 69 Million fine!

November 15, 2022, 11:35

Malé, Maldives - Maldives Environmental Protection Agency (EPA) has revealed that Indian company AFCONS Infrastructure , the contractor for Thila-Male’ Bridge will be fined by MVR 69 million for the… Continued