Author: Mohamed Reehaan
Fresh vegetable produces from GDh. Vaadhoo fills up the counters at STO Agricenter. The State Trading Organization (STO) opened its Agricenter in an effort to support local farmers and agricultural prospects. The state-owned enterprise is responsible for directly purchasing fresh produce from local farmers, and selling them to tourist resorts and other businesses. According to STO, fresh vegetables produced in Vaadhoo including sweet potato, butternut squash, pumpkin, and tomato have filled up the Agricenter is already available for wholesale and retail purchase. Wholesale prices start from 5 kilograms for each item, while prices vary. Sweet potato has a wholesale rate…
The government revenues and grants increased by 23% in December 2022 compared to the same month in 2021, reported the Ministry of Finance. According to the ministry, the government revenues and grants for December 2022 stood at a total of MVR3,426.6 million. Tax revenues for the month stood at MVR1,488.9 million and non-tax revenues at MVR1,918.3 million. Grants received to the state stood at MVR15.5 million. The government expenditure on the other hand, increased by 47.1% compared to December 2021. Total expenditure for the review month stood at MVR5,426.5 million. Capital expenditure increased by 139.5% and stood at MVR2,837.6 million.…
The total tourist arrivals to the Maldives exceeded 356,000 as of 01st March 2023. According to the latest statistics updated by the Ministry of Tourism, tourist arrivals reached a total of 356,538 by the review date. This is a 27.1% increase when compared with the same period in 2022, during which arrivals stood at 280,538. Tourist Arrivals by Month January: 172,499 February: 177,914 Meanwhile, the Maldives welcomed a total of 6,125 tourists on the first day of March. The daily arrival average by the review date is 5,815 and the average duration of stay is 8.0 days. Top 10 Markets…
The Maldives government has collected a total of MVR100.8 million in Green Tax for the month of January 2023. According to the Ministry of Finance, the government collected a total of MVR100,789,699.40 in Green Tax in the first month of the current year. Green Tax breakdown Resorts: MVR92,717,251.03 Guesthouses: MVR4,415,237.22 Liveaboards/Safari Vessels: MVR1,831,674.91 Hotels: MVR1,823,422.62 Homestays: MVR2,113.62 Top Green Tax Contributors (by atoll) Kaafu Atoll: MVR37,057,452.75 Alif Dhaal Atoll: MVR12,475,187.19 Raa Atoll: MVR8,512,722.84 Baa Atoll: MVR7,537,121.81 Alif Alif Atoll: MVR6,355,322.67 Lowest Contributors (by atoll) Gnaviyani Atoll (Fuvahmulah City): MVR9,203.88 Faafu Atoll: MVR10,459.08 Thaa Atoll: MVR251,999.22 Seenu Atoll: MVR322,709.40 Laamu Atoll:…
The rate of inflation, as a percentage of the national Consumer Price Index (CPI), increased by 7% on all food items in January 2023. According to the National Bureau of Statistics, prices for all food groups went up by 7.82%, which is indicative of a 75% jump this year compared to the overall rate of inflation of food groups last year, which stood at just 1.9%. Apart from food, prices on all consumer items increased by 0.96% in January 2023 compared to December last year; marking the most significant month-on-month inflation bump. On the other hand, the year-on-year change of…
The Maldives government is gearing up to test digital signatures by the end of March 2023, said the Ministry of Environment, Climate Change, and Technology. The new service will be added into the existing Government e-Letter Management System (GEMS), while the digital signature will eliminate the need of printing out applications and scanning them to process. According the the Minister of Technology Aminath Shauna, the government’s plans to improve the GEMS’ inter-office communication system is a significant step towards digitalizing the government services. Maldives government has been working extensively on increasing its digital infrastructure. Earlier the Ministry of Transport and…
The cumulative total of state expenditure reached MVR5.49 billion as of 23rd February 2023, according to the Ministry of Finance. On the other hand, the state revenues inclusive of foreign grants reached MVR4.75 billion by the review date. The overall balance for the period is a deficit of MVR734.6 million. The cumulative tax revenue total is currently at MVR4.0 billion, while the cumulative total of non-tax revenues is at MVR738.5 million. Grants received to the government so far in 2023 is at MVR6.8 million. Top Revenue Contributors TGST: MVR1.4 billion Corporate Income Tax: MVR772.8 million GGST: MVR489.4 million Import Duties:…
The social media competition to select over 50 participants for the Maldives Marketing and Public Relations Corporation’s (MMPRC) largest event in the country this year; the Visit Maldives Storytellers’ Conference 2023 is now open. The social media competition commenced on 27th February, and will run until 25th March 2023. While the social media competition has commenced, the actual Visit Maldives Storytellers’ Conference will kick off on 30th May until 02nd June 2023. The conference will bring together more than 50 content creators from around the world to “Weave Your Maldivian Story”. The event is also considered as the largest gathering…
Maldives Marketing and Public Relations Corporation (MMPRC) promoted the Maldives at the International Media Marketplace (IMM) Australia 2023. MMPRC took part in the international travel trade fair to promote the “Sunny Side of Life” in the Australian market. The event was held from 23rd to 24th February in Sydney, Australia. The event provided MMPRC with the opportunity to meet with top journalists and media publications from the Oceanic market to promote its upcoming events, such as the Visit Maldives Storytellers’ Conference 2023. Additionally, MMPRC took part in the event to gain opportunities to strengthen destination presence and learn the overall…
Outrigger Maldives Maafushivaru Resort has been selected by Luxury Lifestyle Awards as one of the Top 100 Hotels and Resorts of the World 2022. The judges also named the property’s General Manager, John Allanson, as one of the world’s Top 100 General Managers for 2022. The awards recognize an elite group of companies and leaders that represent the “best of the best” as selected and assessed by industry sources, according to reputation, credibility, brand awareness, luxury experience as well as service excellence. The organizing committee, recognizing the property’s excellence said, “Your impeccable reputation and professional performance have been recognized and…