Covid-19: Extension on Public Health Emergency
Ministry of Health (MOH) has announced that the Public Health Emergency period to be extended till 30 May 2020.
Month: April 2020
AID FROM IMF AND INDIA ENSURES EASIER ACCESSIBILITY TO FOREIGN CURRENCY
– MMA has stated that aid from IMF and India, ensures easier access to foreign currency, to import essentials, including food and medical equipment. – The Gross International Reserve of Maldives by March 2020, was USD 741.4 million. However, this amount has increased to USD 882.6 million, by 27 April 2020.
COVID-19: BML BRANCHES AND SERVICE CENTERS REMAIN CLOSED
BML’s branches and service centres remain closed during the lockdown to ensure safety. Essential banking services will be provided by the bank on 4th and 6th May as below. View all details: http://bit.ly/2yXpg50
COVID-19: GOVERNMENT TO ENFORCE PAY CUTS
Ministry of Finance (MOF) has sent a circular to all the companies the Government is a shareholder to, informing that pay cuts are to be implemented for employees with MVR 15,000 and above salaries. Alterations to the pay structure are to be sent to the Ministry before 5 May 2020 and shall be implemented by …
COVID-19: LOCKDOWN IN GREATER MALÉ REGION
Health Protection Agency (HPA) has extended the lockdown in Malé City, Villimale’ and Hulhumale’ for an additional period of 14 days effective immediately.
COVID-19: EXTENSION ON MIRA DEADLINES
Maldives Inland Revenue Authority (MIRA) has made a statement regarding the deadlines falling within this lockdown period. Deadlines falling within this period will be further extended to the date on which MIRA reopens. MIRA will be announcing the date of re-opening.
COVID-19: MED INTRODUCES REDUNDANCY HOTLINE
In an effort to assist in reporting redundancies due to Covid-19, Ministry of Economic Development (MED) has announced that they have introduced a hotline number to the job center. The hotline number 1475 will be active from 10 am to 1 pm, Sunday to Thursday.
Tourism Lease Rent – Due or Not?
With 108 confirmed cases in Male, the Maldives continues to grapple with the community spread of Covid-19 in the Male region. As fears of a full-fledged spread of the virus into the rest of the country is ever so deepening, the Maldives tourism industry outlets largely remain shuttered down. Being responsible for nearly 80% of …
COVID-19: GOVERNMENT TO GRANT UNEMPLOYMENT BENEFITS
The Ministry of Economic Development (MED) has declared that they will be providing MVR 5000 per month as unemployment benefits for those who were made redundant due to this pandemic. It was decided that these unemployment benefits will be provided for the months of April, May and June.
COVID-19: IMF TO LOAN MALDIVES $28.9 MILLION
– Under Rapid Credit Facility (RCF) scheme, the Executive Board of International Monetary Fund (IMF) has decided to loan the Maldives USD 28.9 million (MVR 445.6 million) as relief to the COVID-19 situation. – International Monetary Fund (IMF) has decided to aid 30 member countries, including the Maldives.