The tourism ministry published new rules for calculating acquisition costs to separately lease lagoons of islands leased for tourism development.
The Maldives listed a US$100 million sovereign bond on the Abu Dhabi Securities Exchange (ADX) last Thursday in a private placement by the Abu Dhabi Fund for...
Government borrowings, which accounted for 91 percent of the total external debt stock, "grew significantly by US$316.2 million and totalled US$1.1 billion" as debt-to-GDP ratio rose to...
The Maldives has around 600 guesthouses across 76 islands, whereas in 2010 there was just one guesthouse.
The majority of GST collected - 68 percent - was from the tourism sector which represents a 17.4 percent increase from last year.
The Maldives Monetary Authority said US$66.8 million dollars was wired as foreign remittance in 2017, with 46 percent of it going to Bangladesh and most of...
A study from a US think-tank said that Chinese lending in particular was putting the Maldives at risk of debt distress.
Mega Maldives voluntarily liquidated in February after shutting down operations last May as they could not secure an investor to restart them. It had served as...
The bank said its operating profit was up 11 percent compared to the same period last year.
Villa Group's bank accounts were unfrozen on Wednesday, having been frozen, unfrozen then frozen again in recent years.
Villa Group has experienced several setbacks since the Jumhooree Party split with the ruling coalition and allied itself with the opposition.
The ruling could lead to the unfreezing of Villa’s assets and accounts and is some good news for the group, which has experienced several setbacks in...
According to statistics, 133,466 tourists visited the Maldives during March 2018.
The loan scheme offers sums of up to MVR500,000 for individuals, and of up to MVR1.5 million for partnerships fully owned by Maldivians.
Germany’s ambassador to the Maldives said the economy was suffering because of the volatile political situation and ordinary people were bearing the brunt.
The state-owned infrastructure developer meanwhile posted a net profit of MVR145 million (US$8.5 million) in 2017.
Boats which had queued on Sunday evening were still in line at dawn on Monday, with ten boats waiting to weigh their haul from the previous...
