Tax Hikes, Unemployment Benefits, Currency Symbol
Business news from July 2 to 8: GST and T-GST will rise in 2023, the World Bank funded an unemployment insurance scheme, and the central bank unveiled the new Rufiyaa symbol.
Business news from July 2 to 8: GST and T-GST will rise in 2023, the World Bank funded an unemployment insurance scheme, and the central bank unveiled the new Rufiyaa symbol.
News from June 25 to July 1: applications opened for flats and plots of land for Malé residents, key suspects were arrested after a breakthrough by the presidential commission on deaths and disappearances, and rough weather caused flooding and accidents at sea.
Business news from June 25 to July 1: the Maldives has enough foreign currency to buy essential imports for five months, W Maldives and Sheraton Full Moon were sold, and the national carrier increased domestic flights to cater to high demand.
News from June 18 to 24: a mob disrupted the International Yoga Day event, Covid-19 cases increased 185% in the third week of June, and a prominent lawyer was filmed engaging in homosexual relations.
Business news from June 18 to 24: floating homes to be developed under integrated tourism model, petrol and diesel prices rise for fourth time this year, and government offices instructed to freeze hiring and promotions.
News from June 11 to 17: MDP MPs in ex-president Nasheed’s faction defied the party’s whip, the HPA warned of rising Covid-19 cases, and two foreign workers were crushed to death under marble sheets.
Business news from June 11 to 17: the first phase of a nationwide high-speed ferry service was launched, an MVR1 billion loan was taken to finance land reclamation, and the Maldives hosted three key events of the World Tourism Organisation.
News from June 4 to 10: President Solih announced his intention to seek re-election, ex-president Yameen’s bribery trial began, the government condemned derogatory remarks about Prophet Mohamed by a BJP spokeswoman.
Business news from June 4 to 10: new projects were put on hold, the Russian flag carrier increased flights, and the Maldives State Shipping’s new bulk carrier arrived with cargo.
News from May 28 to June 3: ex-president Yameen claimed that China offered to build a bridge for free, two drug trafficking suspects were set free over a warrantless search, and a 21-year-old died of stab wounds in Addu City.
Business news from 28 May to 3 June: STO shareholders approved a dividend of MVR65 per share, the Bank of Maldives dividend was a record payout, and MIFCO raised the price of canned tuna.