Business

EU grant scheme for Maldivian tourism sector SMEs commences today

December 15, 2021, 19:38

Malé, Maldives - The grant scheme for ‘EU Support for a Resilient Recovery of SME Tourism Industry in the Maldives’ commenced on Wednesday 15th December 2021. The application window for… Continued

Sole proprietorship registrations to be revoked for profiting non-Maldivians

December 6, 2021, 20:40

Malé, Maldives - President Ibrahim Mohamed Solih on Monday ratified the first amendment to the Sole Proprietorship Act (Act No. 19/2014). The amendment stipulates that the registration of sole proprietorships… Continued

Finance Ministry launches “Beelan Portal” for public procurement

December 6, 2021, 20:12

Malé, Maldives - The Ministry of Finance, today, launched government procurement portal, “Beelan Portal.” The Beelan Portal provides information regarding new projects introduced by the government and provides opportunity to… Continued

Finance Ministry seeks to extend overdraw period

November 16, 2021, 19:14

Malé, Maldives – The Finance Ministry today requested the Maldives Parliament to extend the overdraw period by an additional year. The parliament has previously granted overdraw approvals in 2020 and… Continued

MP Shareef cautions the state against accumulated govt. debt

November 8, 2021, 15:43

Malé, Maldives - The MP for Maradhoo Constituency Ibrahim Shareef has warned the government of increasing annual government debt, urging the state to consider inflation and the ability to acquire… Continued

Maldives announces minimum wage for Maldivians

November 8, 2021, 11:46

Malé, Maldives – The Maldives Ministers of Economic Development Fayyaz Ismail Fayyaz Ismail today declared minimum wages with wages set below the figures proposed by the Wage Advisory Board for… Continued

MP Nashiz appointed as budget committee chair for 3rd consecutive year

November 1, 2021, 17:28

Male’, Maldives – The Budget Evaluation Committee of the Parliament of Maldives has appointed Kinbidhoo constituency MP, Mohamed Nashiz as the chair of the 2022 budget committee. The committee appointed Alifushi… Continued

Government proposes MVR 36.9 billion as budget for 2022

October 31, 2021, 15:23

Malé, Maldives - Minister of Finance Ibrahim Ameer, ealier today, presented the proposed budget for the year 2022 to the Maldives parliament. The proposed budget by the state for the… Continued

IAS & Gan International Airport sign lease agreement for Addu Flight Training School

October 28, 2021, 16:56

Addu City, Maldives - Island Aviation Services (IAS) and Gan International airport today signed a lease agreement for the establishment of the Addu Flight Training School to be managed by… Continued

Price hikes due to appalling services at Addu City Port

October 26, 2021, 19:44

Malé, Maldives - The Managing Director of Maldives State Shipping (MSS) Abdulla Saeed stated today that the prices of goods are unstable due to the appalling service received at the… Continued