Author: Mohamed Reehaan
Fuel Supplies Maldives (FSM) installs ATG systems on its fuel barges for the first time. The company has launched a pilot project and started the work aboard the barge “Bunike”, part of its own fleet. Automatic Tank Gauging (ATG) lets staff read fuel levels straight from the tank. No manual checks required. The new system has been installed to track fuel levels around the clock, FSM adds. The technology reads each tank accurately and never stops. Crews see exactly how much fuel sits on board at any moment. FSM expects clear gains with this new installation, and with it safer…
The Maldives state collects MVR 2.92 billion revenue in June 2026, reports Maldives Inland Revenue Authority (MIRA). This revenue total is inclusive of USD 118.60 million. According to MIRA, this collection is a 14.7% increment in comparison to projection. This is due to higher collections from GST, Bank Income Tax, Green Tax and Airport Taxes and Fees. Tourist arrivals in May 2026 increased by 1.7% compared to the forecast, which led to the increment in tourism-related tax and fees. The receipt of one-off payments under the Corporate Social Responsibility Fee, Lease Period Extension Fee and land acquisition and conversion fee…
Maldives Zakat House and the Ministry of Islamic Affairs and Endowments have discussed strengthening ties and exploring new cooperative areas. The discussions were held during a meeting with a high-level delegation from Malaysia’s INCEIF University. According to Zakat House, discussions were trained on enhancing the human and institutional capacity of the institution. The enhancements will come through strategic collaboration, professional development, and knowledge sharing initiatives. Both parties exchanged ideas on areas of cooperation that would facilitate growth, strengthen their capabilities, and contribute towards the continued advancement of Zakat management and social welfare schemes in the Maldives. The parties also reaffirmed…
The Allied Insurance Company of the Maldives has formed a new alliance with CA Maldives, towards strengthening and advancing the profession of accounting. Under this new alliance, signed on Wednesday between the allies, accounting profession will see enhancement in the form of benefits available to CA Maldives members. The partnership’s primary focus therefore, is on promoting professional development, knowledge-sharing, research, and initiatives supporting ethical accounting practices. Beyond this, the partnership is central towards the enhancing financial transparency, and the continued growth of the accounting and financial sectors in the Maldives. Both organizations will collaborate on capacity-building initiatives, exchange of expertise,…
The Maldives Transport and Contracting Company (MTCC) has completed the sheet piling works under the first phase of the Boduthakurufaanu Magu upgrading project on the northern side of Malé. The project is a key government priority aimed at delivering a permanent solution to traffic congestion in the capital. Sharing its latest progress update, MTCC said sub-base work for segments 4 and 5 is complete, and crews are now laying the aggregate base course. The company expects to finish the final casting of the capping concrete for the quay wall within this week. Construction of sidewalks and the development of parking…
Tourist Arrivals to the Maldives have picked up since the start of July, according to statistics from the Ministry of Tourism and Civil Aviation. The latest figures show 22,636 tourists visited the country during the first four days of July. This marks a 1.5% increase over the 22,297 arrivals recorded during the same period last year. Daily arrival numbers have also strengthened. The country averaged around 3,000 tourists per day last month, but the daily average has now climbed to roughly 5,000. Yesterday alone, a total of 6,434 tourists arrived in the Maldives; which is the strongest single day of…
The Maldives Industrial Fisheries Company (MIFCO) has paid USD 733,000 to fishermen for fish purchased during June. According to MIFCO statistics, 517 fishing vessels, including skipjack and yellowfin tuna boats, supplied fish to the company during the month. MIFCO purchased a total of 568 tonnes of fish in June. Skipjack tuna accounted for the bulk for the catch. The company bought 484.4 tonnes of skipjack from 196 vessels and paid USD 604,858 for the supply. Yellowfin tuna deliveries came from two grades. A total of 109 vessels supplied yellowfin weighing more than 10 kilograms and received USD 21,494. Another 212…
The Civil Service Commission (CSC) has gazetted an amendment to the Civil Service regulations, establishing a formal framework for emergency-related absences and remote-work arrangements. Under the revised regulation, civil servants may request permission to work from home or another off-site location during an emergency. To qualify, a medical professional registered with the Ministry of Health or a locally licensed health center must certify that the employee cannot attend the office. The CSC has attached clear conditions to approval. Permission will be granted only if the employee’s assigned duties can be performed effectively outside the office, and only if the employee…
Diving schools have become the fastest-growing segment of the Maldives’ tourism sector, recording a 47% expansion, according to statistics released by the Maldives Inland Revenue Authority (MIRA). MIRA’s first-quarter report shows the broader tourism industry generated USD 447 million in output tax during the first quarter of this year. This marks a 20.5% increase over the USD 371 million collected in the same period last year. Diving schools posted the sharpest growth among all industry components. The segment recorded USD 32.03 million in revenue during the quarter, a 47.7% surge from the USD 21.68 million reported a year earlier. Goods…
Maldives President Dr. Mohamed Muizzu has said the national rehabilitation system for drug users must operate within community participation and adhere strictly to Islamic principles. Speaking on the third episode of the podcast “The Pulse”, the president described the narcotics epidemic as the most deeply rooted and enduring crisis facing the nation. He said resolving it requires the collective cooperation of the public, and confirmed that tracking its underlying causes is the administration’s top priority. “This is not a challenge that can be resolved through superficial or piecemeal interventions,” President Muizzu said. The president said eradicating the epidemic demands action…