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Business

News in Brief

  • MBC cancels license for TV 5
  • Police looking for man who stole money from MIRA office
  • Gender ministry explains 5-year delay in child abuse register
Nasheed criticises indirect taxation following amendments to import duties thumbnail

Nasheed criticises indirect taxation following amendments to import duties

Following the current government’s reversal of his administration’s policy on customs levies, the former president suggested that sustainable economies cannot rely on regressive taxation.


Parliament approves import duty hikes thumbnail

Parliament approves import duty hikes

Amendments to the Import-Export Act raise import duties on a range of goods including construction materials, clothing, carpets, confectionery. Duties on fertilisers and live poultry will be eliminated.


Newly appointed MMA governor reveals plans to strengthen economy thumbnail

Newly appointed MMA governor reveals plans to strengthen economy

As well as reducing expenditure, Dr Azeema stated her intention to bring an end to the black market dollar trade as well stopping the practice of printing money to cover budget deficits. She also promises increased lending and more Islamic banking practices.


Addu City Council passes resolution to develop guest house tourism thumbnail

Addu City Council passes resolution to develop guest house tourism

Addu City Council has resolved to create institutions to promote mid-market tourism in concert with local businesses and members of the public in order to expand tourism within the country’s seconds largest urban area.


President Yameen on economic offensive in Japan thumbnail

President Yameen on economic offensive in Japan

The president has held meetings with the governor of the Japan Bank for International Cooperation, the Japan International Cooperation senior vice president, tourism industry leaders, and leading businessmen including the president of the Hitachi Company.


GMR arbitration verdict to take up to two months thumbnail

GMR arbitration verdict to take up to two months

With proceedings said to be concluding this week in Singapore, the government has revealed that the final verdict in the US$1.4billion arbitration case may not be announced for another two months


Taxi drivers protest against implementation of new regulations thumbnail

Taxi drivers protest against implementation of new regulations

As well as opposing the mandatory installation of vacancy signs, protesters placards also read ‘Insurance is useless’, ‘Establish equal policies for all land transport’, and ‘Stop enslaving drivers’.


98 percent of tourists would recommend Maldives to others, visitor survey reveals thumbnail

98 percent of tourists would recommend Maldives to others, visitor survey reveals

The survey was conducted in March and April showed that a significant percent (31%) of tourists to the Maldives are repeat visitors, while 52 percent of visitors come to the Maldives for its natural environment.


Growing for the future: Hydroponics in the Maldives thumbnail

Growing for the future: Hydroponics in the Maldives

With little fertile land and an over-reliance on imports of staple food, Mohamed Shafeegu of Seagull Maldives argues that the water-based system of agriculture could be the answer to sustainable agriculture in the country.


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Torture victims in the Maldives tell their stories