Economic Minister Fayyaz Ismail states that a minimum wage will be declared on Monday, and that the Maldivian economy will see significant positive changes once...
Category: Economy
SDFC Extends Moratorium on Loan Repyaments
SME Development Finance Corporation (SDFC) has extended the moratorium for repayment of loans issued by the corporation.The moratorium is now extended till the 8th of...
Indian Cargo Ship Makes Maiden Voyage to Kulhudhuffushi
MV MCP Linz has made it’s maiden voyage to H Dh. Kulhudhuffushi as the first vessel to be used in in the newly established cargo...
BML Granted USD 5 Million Mukhabarah Financing Facility
A USD 5 Million Mukhabarah financing facility has been granted to the national bank, Bank of Maldives (BML) by the International Islamic Trade Finance Corporation...
MIRA To Accept Online Payments for Large Amounts
Maldives Inland Revenue Authority (MIRA) has announced that the authority would be accept payments higher than a set amount digitally through online payment options.According to...
Government USD 250 Million Worth T-Bills to State Bank of India
Treasury bills worth USD 250 Million have been sold to State Bank of India by the Maldivian government to overcome the economic impact and state...
Finance Ministry to Revise State Budget and Resubmit it to Parliament
Ministry of Finance have revealed that a decision has been made to amend the projected state budget for this year and resubmit it to the...
Maldives, India friendship is as deep as Indian Ocean: Modi
Indian Prime Minister Narendra Modi declared on Thursday that the friendship between Maldives and India is, and will always remain, as deep as the waters...
Regulations for income support allowance has been changed
A change has been brought to the regulation of providing income allowance in order to increase the number of people getting the allowance.In the new...
86 percent of respondents will travel globally post-Covid-19: Survey
As indicated by a study led by AllDetails, a Dubai-based travel and the travel industry interchanges office, 86 percent of respondents will travel globally post-Covid-19.The...
MVR 10.1 Million Spent Towards Income Support
The government has revealed that they have spent MVR 10.1 million as income support for 2,507 individuals who had their employment affected with COVID-19.A total...
ADB Grants Aid of USD 25 Million to the Maldives
Asian Development Bank (ADB) has revealed that the institution would grant a loan the Maldives USD 25 million as aid and a further USD 50...