July 27, 2025 | Ethera Business News Financing & Infrastructure | Maldives | Global Business Travel The Maldives has opened a new international terminal at Velana International Airport (VIA), marking a major step forward in the country’s growth. This upgrade will improve air travel, support economic development, and attract more [...]
Ethera Business News Bilateral Relations | Maldives – India | Strategic Cooperation Modi’s visit to Maldives has ushered in a new era of economic and strategic cooperation between the two South Asian neighbors. During the high-level state visit, India committed to a $565 million credit line, launched Free Trade Agreement [...]
July 25, 2025 | Ethera Business News Fintech Innovation | Maldives | Cross-Border Tech The Maldives Monetary Authority (MMA) has announced the official launch of its Fintech Regulatory Sandbox, positioning the island nation as an emerging innovation hub in the Indian Ocean. This initiative invites both local and international startups [...]
July 24, 2025 | Ethera Business News Taxation | Sri Lanka – Maldives Relations | Policy Development Sri Lanka and the Maldives are making significant progress in finalizing a Double Taxation Avoidance Agreement (DTAA), aimed at reducing fiscal barriers and enhancing cross-border investment between the two countries. The proposed agreement, [...]
July 23, 2025 | Ethera Business News Sri Lanka and Saudi Arabia have signed a landmark Memorandum of Understanding (MoU) aimed at strengthening bilateral trade in the halal food sector. The agreement provides a framework for Sri Lankan exporters to access the expanding halal food markets in the GCC, backed [...]
July 22, 2025 | Ethera Business News The United Arab Emirates has introduced a new fast-track business licensing initiative to accelerate foreign investment and support international entrepreneurs entering the market. Spearheaded by the Ministry of Economy, the system aims to reduce license approval time to just three working days. Streamlined [...]
July 13, 2025 | Ethera Business News Tag: Policy Reforms | Sri Lanka | FDI Growth In a strategic move to revive investor confidence and accelerate economic recovery, the Government of Sri Lanka has announced plans to liberalize foreign exchange regulations in 2025. The initiative aims to attract higher volumes [...]
July 12, 2025 | Ethera Business News The Maldives has unveiled a new wave of investment incentives to accelerate its renewable energy transition, creating lucrative openings for international investors and technology providers. In a recent statement, the Ministry of Climate Change, Environment, and Energy confirmed the government’s commitment to increasing [...]
July 11, 2025 | Ethera Business News The UAE is set to launch a groundbreaking Digital Trade Corridor with key Asian markets, aiming to streamline and accelerate cross-border e-commerce and logistics. Led by the Ministry of Economy and DP World, this initiative is expected to cut customs clearance times, lower [...]
The United States has officially imposed a 30% tariff on all Sri Lankan exports, as announced in a letter signed by President Donald Trump dated July 9, 2025. While this marks a reduction from the earlier proposed 45%, the reality is stark: Sri Lankan exporters now face one of the [...]