— The nation in focus —
President Mohamed Muizzu says the dollar payments start on 1 November and the tax changes on 1 January. He said the law changes needed are still under way.
The Meteorological Service says the event may become one of the strongest on record. NOAA’s satellite monitoring puts the Maldives’ reefs on bleaching watch, with its outlook rising to a warning level from late December.
President Mohamed Muizzu said 20 memoranda of understanding were exchanged in Islamabad, including on tourism, and that talks on direct flights were continuing.
The central bank said the money changer broke the regulation on money-changing businesses. It is the second money changer MMA has announced action against since August.
Business and property taxes grew fastest, by more than a fifth, while lower non-tax income and a 17 per cent rise in spending widened the deficit to MVR 3.85 billion, Finance Ministry figures show.
The airline's first flight from Novosibirsk landed at Velana with a full load on 30 October, after refuelling in Uzbekistan rather than at the Indian stop announced in July.
The India-financed crossing now runs from Malé through Villimalé to Gulhifalhu, ten weeks after the span between the capital and Villimalé was joined in August.
Jet fuel made up more than four-fifths of the total, according to Maldives Monetary Authority figures, while the value of fish exports fell by almost half over the same period.
The state-owned SME financier has also opened the Shariah-compliant scheme, which until now covered onboard refrigeration, generators and solar panels, to the installation and replacement of vessel engines.
