Business news from September 10 to 16: MIRA to “name-and-shame” tax evaders; Al Shaali contracted to build speedboat ferries; and travel agency boss criticises delay in formulating rules for use of cryptocurrency.
Business news from September 3 to 9: finance minister assures ability to repay external debt; government proposes indefinitely delaying minimum wage for expatriates; and Manta Air launches flights to Hoarafushi airport.
Business news from August 27 to September 2: legal changes ensure green tax collection; the ‘Food and Hospitality Asia Maldives’ exhibition returns; and Maldives ranks third among countries with highest external debt to China.
Business news from August 20 to 26: state owed MVR15 billion in unpaid taxes and resort land rent; BML’s American Express Debit Card authorised for foreign purchases; and STO hopes to set up bunkering facilities in northernmost atoll by end of 2022.
Business news from August 13 to 19: STO reduced the price of petrol and diesel, HDC auctioned the sale of 74 plots from Hulhumalé, and Addu City Council leased land for guesthouses and hotels.
Business news from August 6 to 12: an Indian company was enlisted to develop the Hanimadhoo airport, the World Bank welcomed plans to hike sales taxes, and the Maldives welcomed the millionth tourist of 2022.
Business news from July 30 to August 5: the president invited Indian entrepreneurs to explore business opportunities, STO and MTCC posted second quarter earnings, and Ooredoo celebrated 17 years of operating in the Maldives.
Business news from July 23 to 29: the president announced plans to reform fuel subsidies, the IMF backed sales tax hikes for 2023, and inflation hit 5% in June.
Business news from July 16 to 22: the central predicted strong growth despite challenges, the tourism industry association handed out golden jubilee awards, and new flats built in Hulhumalé were put up for sale.
Business news from July 9 to 15: the tourism sector received $205.5 million in investment, ITA Airways scheduled a new direct flight from Rome, and the deadline was extended for small tourism businesses to seek EU pandemic recovery support.
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.