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Business & Tourism

News in Brief

  • JSC taking applications for six Judgeships
  • High Court Judge Yoosuf Hussain retires
  • Passport of former defence minister Nazim’s wife held
MMA warns of shortfalls in revenue due to ad hoc policy changes thumbnail

MMA warns of shortfalls in revenue due to ad hoc policy changes

“If policies are changed the budget deficit would increase and become difficult to finance,” the central bank cautioned in its professional opinion on the 2015 budget.


Parliamentary budget debate concludes thumbnail

Parliamentary budget debate concludes

Minority Leader Ibrahim Mohamed Solih contended that the current administration has incurred a debt of MVR7 billion in 2014 and spent millions in excess of the budget approved by parliament.


Government proposes import duty hike for oil, staple foodstuffs thumbnail

Government proposes import duty hike for oil, staple foodstuffs

The government has submitted legislation to raise import duties from the current zero rate to 10 percent for rice, sugar, and flour as well as oil or petroleum products.


Government submits revenue raising bills to parliament thumbnail

Government submits revenue raising bills to parliament

The government has submitted two bills to parliament to introduce a green tax and revise import duties to raise additional revenue anticipated in the 2015 state budget.


MDP says 2015 state budget neglects transportation thumbnail

MDP says 2015 state budget neglects transportation

“The transportation systems in the atolls are being destroying and I am afraid that it might go back to the old days where the inter-atoll transportation was monopolised by individuals with boats,” said Ahmed Zahir of the opposition’s transport committee.


State budget for 2015 will be balanced, insists President Yameen thumbnail

State budget for 2015 will be balanced, insists President Yameen

Referring to the PPM’s campaign pledge to balance the budget within three years, Yameen said the 2015 budget has a “primary balance surplus” while the small deficit was intended to repay unpaid bills from recent years.


MPs quiz finance minister about revenue raising measures thumbnail

MPs quiz finance minister about revenue raising measures

The government is considering raising import duty for tobacco from 150 to 300 percent and 100 to 150 percent for cars in order to facilitate next year’s record budget Finance Minister Jihad explained.


US$6 green tax to be introduced from November 2015, says tourism minister thumbnail

US$6 green tax to be introduced from November 2015, says tourism minister

The new tax will make visitors to the Maldives “champions” of the environment, said Ahmed Adeeb who explained that the new levy would be charged per bed per night from late next year, with guest houses made exempt.


Bill proposed to exempt domestic air travel from T-GST thumbnail

Bill proposed to exempt domestic air travel from T-GST

Following a T-GST hike from eight to 12 percent on November 1, local airlines Maldivian and Flyme imposed a 12 percent sales tax on ticket prices and increased airfare by about MVR32 per ticket.


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Torture victims in the Maldives tell their stories