23 islands to be leased for resort development
Malé, Maldives - Tourism Ministry of Maldives has announced that they will be leasing 23 islands for resort development from the Maldives. The Ministry of Tourism (MOT) has invited all… Continued
Business
MVR 1.33 billion collected in revenues during March 2021
Malé, Maldives – Maldives Inland Revenue Authority has said that the authority had collected MVR 1,322,759,401 (USD 85,782,062.34) in March 2021 as revenue. According to MIRA, this is 19.2 percent higher… Continued
Council business will further help improve economy: Economic Minister
Malé, Maldives - Economic Minister of Maldives, Fayyaz Ismail has stated that the main reason for the new law that allows the councils to establish businesses in their own name… Continued
Hiya Flats could be given for MVR 3,800 monthly rental
Malé, Maldives - Former Minister of Housing and Infrastructure and Malé City mayoral candidate, Dr. Mohamed Muiz has said that Hiya flats can be given at a rate of MVR… Continued
Supreme Court revokes their earlier ruling to pay Deebaja MVR 348 million
Malé, Maldives – Supreme Court today has repealed a sentence ordering the state to pay MVR 348 million in damages to Dheebaja Investment Pvt Ltd. The state contracted Dheebaja to… Continued
Hiya flat max rent set at MVR 7,500 per month
Malé, Maldives - Minister of National Planning, Housing and Infrastructure, Mohamed Aslam has revealed that the current administration has set the monthly rental price of Hiya flats at MVR 7,500… Continued
Migrant worker recruitment agencies submit petition over lost rights, vilification
Malé, Maldives – Recruitment agencies that bring migrant workers into the Maldives have submitted a petition to parliament over vilification and lost rights. The petition highlights issues with the system, laws,… Continued
Consultancy work begins for Gan Airport development project
Addu City, Maldives —The consultancy work to develop Gan International Airport in the southernmost atoll, Addu City has begun. A team from Airport Authority of India (AAI) arrived in Maldives for… Continued
Aiming for 70% of power generation to be from renewable sources: FENAKA
Addu City, Maldives - Managing Director of FENAKA, Ahmed Saeed has told that the company aims to generate 70 percent of its electricity from renewable sources by 2025. Speaking on… Continued
Councils to form local authority companies
Malé, Maldives - Councils can now apply to form local authority companies and conduct business according to a new regulation gazetted today. The new regulation allows Local Councils to partner… Continued
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