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Local investor to buy Shangri-La's Villigili Resort in Addu

Residents of Addu are concerned over the prolonged closure of the resort, which closed in March 2020 due to Covid-19.

BML increases unsecured loan, financing up to MVR 1.2m

The bank will now consider salary as well as any other income for both Lui Loan and Personal Financing.

Maldives tourist arrivals see 22% growth

A total of 97,873 tourists arrived in the Maldives in the first 18 days of the year.

Chinese tourists visit Maldives after 3-year hiatus

Beijing Capital Airlines became the first Chinese airline to operate flights to the Maldives since March 2020.

18 January 2023

300 tourists to arrive on first post-Covid China flight

Beijing Capital will operate four charters to the Maldives, with three this month and the last on February 1.

16 January 2023

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Coca-Cola promotion: Lucky winner wins Qatar trip with 1 bottle

Apart from the FIFA World Cup tickets, the promotion also entails daily prizes of Coke beverages and weekly prizes of gaming consoles and footballs.

17 October 2022

Tax hike may lead to $50 million tourism loss, MATATO warns

MATATO's statement accused Minister Ameer of giving “flawed” information to the IMF and the World Bank.

24 November 2022

Maldives main airport sees record movements since new runway

A total of 228 runway movements were recorded on Thursday.

28 December 2022

General GST revenue in Nov sees MVR 9.9m decrease

Meanwhile, general GST rate is set to rise from 6% to 8% from January.

17 December 2022

Govt allows cross-subsidy island handover on $1m payment

The policy of cross-subsidy involves providing islands or lagoons to those who fund development projects.

22 December 2022

MMA concerned as budget lacks proposal to repay printed money

The MMA has pointed out that this is leading to a growing financial crisis.

11 November 2022

Maldives won't take extra measures for Chinese arrivals

The minister's assurance is that the country's health sector will also be prepared for any crisis.

10 January 2023

Government proposes MVR 42.6 billion budget for 2023

The budget deficit for the next fiscal year is expected to be MVR 8.4 billion. This is a deficit of 8.1% in terms of productivity or GDP.

31 October 2022

Maldives achieves 1.6 million tourists target

Tejas Sanjay Kothari from India became the 1.6 millionth tourist of the year as he arrived on an Indigo flight Tuesday afternoon.

20 December 2022