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Maldives recovers $5 million debt from tourism businesses
The government has recovered $5 million (MVR 77.1 million) from the tourism industry in the past 17 days, Tourism Minister Ibrahim Faisal said on Saturday. Addressing the nation at the Independence Day celebrations on Friday evening, President Mohamed Muizzu said the state lost $513 million due to the negligence of previous governments. The president said […]
T-GST revenue set to rise by US$11.2 million for 2018
[vc_row][vc_column][vc_column_text]Revenue generated by Tourism Goods and Services Tax (T-GST) is set to rise by US$11.2 million for 2018. T-GST, which was introduced in 2011, is imposed on the hospitality sector in addition to Land Rent Tax, Bed Tax and Business Profit Tax. According to statistics from the Finance Ministry, this figure is 5.9 percent of […]
GM Mohamed Ashraf on developing next generation of Maldivian hoteliers
Mohamed Ashraf is the General Manager of Jumeriah Maldives Olhahali Island. With over 20 years of experience in the Maldives tourism industry, Ashraf has witnessed firsthand the evolution of the Maldives leisure travel sector. Hoteliers Maldives sat down with Ashraf to discuss how the next generation of hoteliers can prepare themselves to support the rapidly […]