Maldives Loses US$1.7 Billion Annually Due to Non Performing Resort Developments
The Maldivian economy is losing an estimated US$1.7 billion (MVR 26 billion) every year due to work not being completed...
China Overtakes India to Become Maldives’ Second-Largest Tourism Market
China has displaced India from second place in the list of countries with the most tourist arrivals to the Maldives....
Government Proposes Real Estate Tax on Resort Timeshares
The government has proposed an amendment to the Tourism Act whereby Tourism Goods and Services Tax (TGST) will cease to...
Maldives Tops World Travel Bucket List
The Maldives has been named one of the top desired destinations for travellers from 121 countries. The nation tops the...
Tourism Ministry Adds One More Island for Resort Development
The Ministry of Tourism has amended its invitation for bids (IFBs) dated 21 August for the lease, development, operation, and...
Tourist Card Payments Strain USD Supply
Businesses turn to the black market for their regular dollar influx as the exchange rate yo-yos between MVR18.10 and MVR18.30...
Deadline Extended for Maldives Tourism Awards Nominations
The nomination period for the highly anticipated second edition of the Maldives Tourism Awards 2023 has been extended until 1...
Maldives Welcomes One-Millionth Tourist of 2023 With Grand Ceremony
Russian-born UK Citizen Anto Pavlo with wife and child will spend a week in Maldives
Singaporean Billionaire Ong Faces Arrest in Graft Probe
Renowned Singaporean billionaire, Ong Beng Seng, faces an arrest notice from Singapore’s anti-graft agency as part of an ongoing investigation...
HRIM, Finnish Firm Sign Deal to Develop Luxury Floating Villas in Maldives
Hotels and Resorts Investment Maldives (HRIM) has joined forces with Finland’s Meyer Floating Solutions in a groundbreaking venture to develop...
