Extension given on income tax payment period
Malé, Maldives - Maldives Inland Revenue Authority (MIRA) has given an extension on the payment period for income tax payments. MIRA stated that the last date for income tax payment… Continued
Business
Government aids Addu International Airport to repay loan
Malé, Maldives - Government of Maldives has started to provide cash flow assistance to three State Owned Enterprises (SOEs) in repaying loans which were taken with governments sovereign guarantee including… Continued
Hoarafushi Airport to reopen on June 15
Haa Alif Atoll, Maldives - Managing Director of Regional Airports, Mohamed Rizvee has announced that the Hoarafushi Airport will reopen on June 15, 2021 after it was closed dur to… Continued
BML secures US$10 million loan from OPEC Fund for International Development
Vienna, Austria - Bank of Maldives (BML) has signed a US$10 million private sector loan agreement with OPEC Fund for International Development. According to OPEC Fund for International Development, the… Continued
Addu road construction project to commence mid July: Afcons
Addu City, Maldives — Afcons Infrastructure Limited has announced that the road construction project of Addu City will begin in mid july. Speaking to local media outlet, “AdduLive”, the project… Continued
Occupancy rate in April 2021 increased by 51% compared to 2020
Malé, Maldives — Maldives Monetary Authority (MMA) has revealed that the occupancy rate in the tourism sector of Maldives has increased to 51% in April 2021 compared to the same… Continued
Total revenue increased by 24% in 1st Quarter of 2021: MMA
Malé, Maldives — The Maldives Monetary Authority (MMA) has informed that the total revenue has increased by 24% in March 2021 compared to the same period last year. MMA has… Continued
Developing assistance stimulus for SME’s: Minister Fayyaz
Male' Maldives - Minister of Economic Development Fayyaz Ismail revealed on Wednesday that assistance stimulus for Small and Medium Enterprises (SMEs) was under development. Making the announcement via Twitter, the… Continued
Bank of Maldives and HDC sign MoU to operate City Bike Project in Hulhumalé
Malé, Maldives - Bank of Maldives (BML) has signed a Memorandum of Understanding (MOU) with Housing Developing Corporation (HDC) to implement and operate a city bike rental project in Hulhumalé.… Continued
Indian consulate in Addu City; A possible “safe house” for Indian spies?
Recently the union cabinet of India, chaired by Prime Minister Narendra Modi, has approved the opening of the first consulate in Addu City, the southernmost city of Maldives. “Opening of a consulate general… Continued
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