MIRA records over MVR 1.2 Billion in revenue for May 2017

Maldives Inland Revenue Authority (MIRA) has revealed that they have received MVR 1.2 billion in revenue for the month of May 2017 showing an...

THAI AIRASIA to begin Bangkok – Male’ flights

Thailand-based low-cost airline Thai AirAsia is to begin direct flight operations between Thai capital Bangkok and Maldives starting July. An official from the authority told local...

Maldivian issues a Request For Proposals (RFP) for the damp lease of a single...

Maldivian has issued a Request For Proposals (RFP) for the damp lease of a single A330-200 one a one-year contract beginning July 23, 2017. According...

MVR 1.7 Billion has Been Spent on Land Reclamation of 12 Islands – Dr....

Minister of Housing and Infrastructure, Dr. Mohamed Muizzu reported that MVR 1.7 billion has been spent on the land reclamation of 12 islands by...

Maldives prints debut US$200m sovereign bond

The Republic of Maldives printed their debut USD dollar bond on June 1st, 2017 in a deal arranged by BoCom International, making it the...

The Construction Works of the New Runway Begins

The construction works of the new runway in Velana International Airport (VIA) has officially begun last Thursday. Currently, the construction works of laying asphalt...

S.T.O records clean profit of MVR 288 Million: MVR 51 to be distributed per...

State Trading Organization (S.T.O) has decided to distribute MVR 51 as dividend per share at their Annual General Meeting based on their previous years...

Fitch Assigns Maldives First-Time ‘B+’ Rating; Outlook Stable

(The following statement was released by the rating agency) HONG KONG, May 15 (Fitch) Fitch Ratings-Hong Kong-15 May 2017: Fitch Ratings has assigned The Republic...

Maldives: From a beach getaway to the ultimate leisure boating paradise

Marine tourism is set to take a considerable hike in the Maldives. This is largely due to the much-anticipated expansion plan for Male’s Velana...

Accelerated growth in Topline & Reserves enables YOY Dividends and Surplus Payments to Participants

Amana Takaful (Maldives) PLC, the only Shariah Compliant listed entity in the Maldives Stock Exchange, has concluded its Sixth Annual General Meeting on 14th...
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MTCC begins selling their shares throughout Maldives

In order to obtain over MVR 310 million, MTCC has begun to sell their shares throughout Maldives under their rights issue. MTCC will be...

Soneva Fushi signs agreement with UNDP to support SDGs in Maldives

Soneva Fushi has pledged to support the implementation of the Sustainable Development Goals in Maldives, by signing an agreement with UNDP The agreement was signed...

Fly to Bangkok for USD 425 with Sunland Travels

Sunland Travels have announced that they are to sell Male-Bangkok-Male return tickets for USD 425 during this holiday period. Sunland Travels is the official general...