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Fish exporters warn industry could collapse without govt aid

Private companies have been forced to stop buying fish due to the government's increase in fish purchase prices.

Pres pledges action in first year to resolve dollar shortage

The president mentioned that a certain percentage of the dollars entering Maldives should be withheld in Maldives.

Pres announces risk allowance for VIA apron workers

"Apron workers are working with risks, so I assure them tonight that they will receive a risk allowance from October 1," the President said.

Scholarship scheme to train locals for top resort jobs

The proposal will be forwarded to and an advisory committee will be formed in the tourism ministry, he said.

Muizz's economic goal: reduce deficit to single digit

"8 billion notes have been printed in the five years of this government alone," Muizz said.

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Maldives to launch new international airline

The airline is primarily expected to target key tourist markets including China, Europe and Russia.

Ensis stops fish purchase after govt's MVR 25 per kilo price hike

Waseem said the company will not be able to repay a large loan and will have to slash jobs.

17 September 2023

Govt regulates long-term lease of resort villas

Even before the introduction of the regulations, some resorts in Maldives have been renting out villas or rooms for long periods of time.

6 September 2023

Bidding opens for Th. Ruhthibirah for resort development

Land Acquisition Cost (LAC) is set at USD 875,000 (MVR 13.5 million).

3 September 2023

Proposal to replace TGST with real estate tax on long-term rental

MIRA will have to make thorough regulations relating to real estate tax and administrative measures to be taken for non-payment of taxes.

14 September 2023

BML introduces device management for internet, mobile banking

Device Management enables customers to monitor active sessions and log out from devices accessing Internet and Mobile Banking.

18 September 2023

SDFC introduces loans to craftsmen, taxi drivers

Nazim said the biggest relief for the loans is the lower interest rate and repayment period.

Nasheed hails Ilyas as only candidate who understands economy

"To say that the debt of the Maldivian state is USD 600 million is definitely a false statement", Nasheed said.

4 September 2023

ADB supports Maldives' tax, fiscal reforms with $18.7m grant

Other policy reform actions under the ADB programme will include further amendments to the GST Act to broaden the tax base.

2 September 2023