The World Bank has predicted an increase between the range of 7.9 to 8.5 percent of the Maldives’ economy in the coming year.In the latest...
Category: Economy
48 Percent Drop in Tax Revenue Projected by MIRA
A 48 percent in drop in tax revenue for the year has been forecasted by Maldives Inland Revenue Authority (MIRA).In a press briefing held at...
Nasheed Calls for Goverments to Open their Borders
Former President Mohamed Nasheed has called upon larger governments to open their borders for smaller island nations.Speaking at a Commonwealth Enterprises and Investment Council’s tourism...
USD 290 Million Secured as Financial Assistance by Maldives
A total of USD 290 million has been secured in the forms of loans and grants by the Maldivian government revealed Minster of Finance Ibrahim...
First Tourists to Arrive to Maldives Post Covid-19 Would be from Italy
The first tourists once the dust settles and the borders re-opens would be from the from Italy, states Maldives Marketing and Public Relations Company (MMPRC).In...
MVR 45 Million Disbursed for 34 Businesses by BML as Covid-19 Recovery Loans
The national bank, Bank of Maldives have revealed that a total of MVR 45 million have been disbursed to 34 businesses as COVID-19 relief loans.The...
Freelancer Loan Scheme to be Increased to MVR 30,000
Efforts are underway to increase the relief loan package designated for freelancers and self employed to MVR 30,000, says Economic Minister Fayyaz Ismail.The loan product...
No specific value for service charge – NBAM
National Boating Association of Maldives has stated that there is no specific value stated to give for service charge. They also stated that in order...
Income Tax Commences in Maldives
From the start of this year Income tax becomes a law and started to be taken from eligible people. This is the first time income...
Govt expenditure crosses over MVR25.7b with deficit over MVR3b
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...
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...
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...