Author: Mohamed Reehaan

The Maldives Industrial Fisheries Company (MIFCO) has said it will begin making weekly payment disbursements to fishers by the end of 2024. President Dr. Mohamed Muizzu had promised disbursement of payments to fishers within 48 hours. However, the Minister of Fisheries and Ocean Resources Ahmed Shiyam said the government has not been able to deliver on this promise owing to economic constraints. A MIFCO spokesperson said on Thursday, while speaking with local media “Sun”, that after the company’s discussions with the Ministry of Fisheries, they are currently making disbursements every two weeks. The spokesperson also noted MIFCO’s goal is to…

Dhiraagu has signed as the digital partner of the Asian Surfing Championship Maldives 2024. This is the third time the Asian Surfing Championship is held in the Maldives and is organized by the Asian Surfing Federation (FSA) in collaboration with the Maldives Surfing Association (MSA). A total of 15 local surfers will go toe-to-toe with top athletes from the region in this international tournament. “We are excited to become the Digital Partner of the Asian Surfing Championship for the second consecutive year and help bring this esteemed international event to the Maldives,” said Masood Ali, Director, Customer Services and Regional…

The Controller General of Maldives Immigration, Mohamed Shamman Waheed, has announced that, effective August 15, 2024, all outbound travelers from the Maldives will not be required to fill the “Traveler Declaration” form. This streamlined approach is in line with President Dr. Mohamed Muizzu’s vision of enhancing travel experience and efficiency. Removal of this administrative step enhances smoother departure process, reduction of travel preparation time, and make the overall travel experience more convenient for all passengers. Frequent outbound travelers including entrepreneurs will now have easier and more seamless transition through the airport. The mandatory status of this declaration form has been…

The Maldives and United Arab Emirates (UAE) have discussed on enhancing cooperation in cyber security and data protection. On Wednesday, UAE’s Head of Cyber Security Dr. Mohamed Al Kuwaiti paid a courtesy call on Maldives President Dr. Mohamed Muizzu at the President’s Office. Speaking at the meeting, President Muizzu welcomed the UAE’s Head of Security to the Maldives and spoke on the long-standing friendly relations between both countries. President Muizzu expressed gratitude to the leadership and the UAE government for the assistance and opportunities granted to the Maldives over the years. Besides discussions on enhancing cooperation in cyber security and…

The Maldives government on Tuesday submitted an amendment to the Tourism Act, proposing to shorten the payment period for tourism land lease extensions from two years to six months. The bill, submitted on behalf of the state, sponsored by Dhangethi MP Abdulla Rasheed, proposes amendments to Article 9 of the Act. The law currently states that the payment for lease extensions of up to 50 years shall be settled within two years, but should the amendment become implemented eventually, the period will shorten to six months. The relevant parties that owe this payment within six months will be required to…

The Maldives government collects MVR 2.93 billion revenue, 75.77 million of which in US dollars, in July 2024, reports the Maldives Inland Revenue Authority (MIRA). This revenue collection is a 17.1% decline from the same month last year. MIRA said that the GST and Income Tax deadlines during June 2023 was extended to July 2023, as those deadlines fell to the Eid-ul-Al’ha holidays, which resulted in a higher revenue collection last year. No such deadline adjustments were granted during July this year. Despite the decline compared to last year, the revenue collection in the review month is still 16.4% below…

The St. Regis Maldives Vommuli Resort announces an exquisite hotel package poised to offer luxury-seeking couples an “extraordinary eco-conscious adventure unmatched in the Maldives.” The Abyss Champagne Package “transcends the boundaries of luxury” and offers a transformative experience blending unparalleled indulgence with environmental responsibility. Guests booking this package will receive a highly exclusive bottle from one of the world’s most innovative and sustainable champagne makers, LeClerc Briant. The Champagne LeClerc Briant Cuvee Abyss Brut Zero is aged 60 meters under the Atlantic Ocean for 10 months, where the internal pressure of the champagne in the bottle matches the pressure of…

The Ministry of Housing, Land, and Urban Development has announced that the heirs of Male’ area landowners, will inherit these lands upon the demise of the owners. The ministry said this is applicable to the recipients who were finalized to receive plots under Binveriya Scheme launched during the former administration. The current administration has begun awarding these lands to the recipients, while some of the plots still remain unallotted since these areas have not been reclaimed yet. The Housing Ministry announced that in the case of the demise of any finalist applicant, their heirs must prove their right to inheritance…

One of the longest-serving parliament lawmakers, Maamigili MP and founder of the Jumhoory Party (JP), Qasim Ibrahim, has spoken against the government’s decision to raise the fees related to the expat quota. According to the relevant law, employers need to furnish MVR 350 per expatriate and a MVR 2,000 quota fee per annum per expat employee. The government proposed amendments to the Employment Act recently, which sought to grant the state discretion to revise these fees in every 18 months. The amendment also stipulates that the price revisions must not exceed 30% of the present value. At the Committee on…

Tesla is recalling 1.68 million cars in China for a remote software upgrade to ensure that they warn the driver when the trunk is not locked shut. The announcement made on last Tuesday also said that vehicles with faulty trunk latches will be repaired free of charge. The recalls affect some imported Model S and Model X vehicles and domestically made Model 3 and Model & cars manufactured between October 15, 2020 and July 17, 2024. The recall notice said that an unlocked trunk lid could open during driving, interfering with the driver’s vision. The US-based electric vehicle maker will…