The expenditure of Maldives government has reached MVR25.7 billion in annual terms as of 12 December 2019.According to the latest in Weekly Fiscal Development from...
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President ratifies Income Tax Bill
The Maldives President on Tuesday has ratified the newly approved Income Tax bill.Earlier, the bill was given Maldives parliament approval during the 75th session of...
Deadly road accident in Vaikaradhoo leaves one in ICU
A deadly road accident at the island of Haa Dhaal atoll Vaikaradhoo has left one seriously injured.As per local reports, the seriously injured individual has...
Maldives in Forbes’ “Top 20 Destinations of 2020”
The Maldives has entered into the ‘Top 20 Destinations’ to visit in 2020 curated by popular international magazine Forbes.It was reported, in both local and...
2020 State Budget allocations on major sectors
The Maldives parliament approved the 2020 State Budget on 05 December 2019.Initially, the Minister of Finance proposed MVR37.5 billion for the upcoming year, with an...
TC Sports Club appoints a new coach
Recently vacated seat for the post of the head of the coach of TC Sports club just got filled by Mohamed Shazly (Shaz). Shaz is...
MIRA collects MVR1.15b in Nov 2019, up by 33.5% from projections
Maldives Inland Revenue Authority (MIRA) collected a total revenue of MVR1.15 billion in November 2019.As per the authority, the total revenue to state during the...
BML expands nationwide presence with Velidhoo branch
Bank of Maldives (BML) on Sunday reports opening a new branch of theirs in Noonu atoll Velidhoo.As per to BML, the new branch at Velidhoo...
State Budget for 2020 expects to hit a deficit of MVR6b
The approved State Budget for the upcoming 2020 by Maldives parliament expects a deficit of MVR6 billion.According to the Ministry of Finance, the initial proposal...