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Lease Period Extension Regulations Replaced

MOT has introduced new regulations on the extension of lease period of tourism properties with specific reference to the fee charged in granting the extension.  The regulations gazetted on 9 June 2022 carry the citation Tourism Properties (Lease Extension Fee) Regulations [Regulations No: 2022/R-97]. These newly adopted regulations replace the old set of regulations brought out …

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The Three Year Ultimatum for Idling Resort Islands

Minister of Tourism recently issued a three-year ultimatum for resorts idling in the “under development” category of properties.  He made the statement in parliament taking a stand on tourism leases where islands remain idle without any form of development despite having consumed several years of the lease period.  The rule change His reference is to …

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