Indian Market, Tax Cuts, MTCC Dividends
Business news from June 10 to 16: India overtakes Russia as top source market for tourists; government plans tax concession to Addu businesses; and MTCC shareholders reject MVR4 per share dividend proposal.
Business news from June 10 to 16: India overtakes Russia as top source market for tourists; government plans tax concession to Addu businesses; and MTCC shareholders reject MVR4 per share dividend proposal.
Business news from June 3 to 9: UK announces negotiations for Free Trade Agreement with Maldives; US$27 million project launched to expand Addu’s international airport; and Fuvahmulah council introduces fee for diving in famous tiger shark point.
Business news from May 27 to June 2: STO, BML, MPL and MTDC approve dividends for 2022; tourist arrivals down 5.7% in May; and banks introduce customer service chatbots.
Business new from May 20 to 26: fifth tourism masterplan targets US$6 billion by 2027; new rules target sole proprietorships operated by foreigners; and Bank of Maldives offers grant funding to emerging entrepreneurs.
Business news from May 13 to 19: nominal GDP exceeded MVR100 billion for the first time; Islamic Development Bank pledges US$40 million to support small businesses; and Kuwait Fund finances seven new hospitals.
Business news from May 6 to 12: MTCC proposed distribution of record MVR32 million to shareholders; annual Food and Hospitality Asia Maldives kicked off; and Bank of Maldives introduced Two Factor Authentication for mobile banking logins.
Business news from April 29 to May 5: STO, BML and Dhiraagu posted first quarter earnings; SME Bank relaunched upgraded online portal for issuing loans; and BML partnered with American Express for tourism campaign.
Business news from April 22 to 28: central bank estimates 13.9% growth in 2022; Consumer Price Index rose by 3.97% in March; and STO board of directors propose MVR77 per share.
Business news from April 15 to 21: developer sought for deep-sea port in Thilafushi; government plans to divest shares from resort joint venture companies; and up to MVR60,000 grants offered to self-employed individuals.
Business news from April 8 to 14: Indian billionaire weighs sale of engineering company building Thilamalé bridge; lease acquisition cost proposed for new resort island 586% higher than minimum required; and developers sought for 18 guesthouses in Faresmaathoda airport.
Business news from April 1 to 7: finance minister addresses dire World Bank warnings; Housing Development Corporation and Villa resorts rebranded; and national carrier welcomes new ATR aircraft.