Maldives and Türkiye Set to Sign Preferential Trade Agreement
The Maldives is poised to strengthen its economic ties with Türkiye through the signing of…
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Author: Corporate Maldives
STO Construction Solutions Offers Special Promotion on Nippon Paint for National Day
In celebration of National Day, STO Construction Solutions is offering a special promotion on Nippon…
Maldives Submits Proposal for PayPal, But Is the Country Ready?
Last week, the Minister of Economic Development and Trade, Mohamed Saeed, announced that a formal…
Minister Pledges to Reduce Fuel Costs for Fishermen
The Minister of Fisheries and Ocean Resources, Ahmed Shiyam, has promised to address the issue…
Economic Overview: Maldives’ Economic Update for August 2024
The Maldives Monetary Authority (MMA) has released its Economic Update for August 2024, providing an…
How Subpar Education Standards Are Hurting the Economy and Hiring Pool
The quality of education in the Maldives has come under scrutiny once again, following the…
Rising Crime in Malé: Economic and Social Implications
The recent spate of robberies in Malé has raised concerns about the rising crime rate…
President Muizzu Outlines Economic and Development Plans Amidst Challenges
In a recent interview with Sangu TV, President Dr. Mohamed Muizzu reaffirmed his administration’s commitment…
Maldives and Saudi Arabia Strengthen Aviation Ties with New MoU on Seaplane Operations
The Maldives and the General Authority of Civil Aviation of Saudi Arabia have signed a…
Bids Open for 15 New Parking Complexes in Hulhumale’
Bids are now open for the construction of 15 multi-storey parking complexes in Hulhumalé, with…
Gov’t Struck Deal with Bestinet to Avoid Hefty Compensation Payment
On Thursday, the Minister of Homeland Security and Technology, Ali Ihusan, announced that the Maldivian…
Report: The Shadow Economy, Undocumented Workers and the Hidden Cost to the Maldives
For years, the Maldives has faced an entrenched problem—undocumented migrant workers. An estimated 60,000 labourers,…
STELCO Upgrades to Smart Grid, Promises Enhanced Power Management
State Electric Company Limited (STELCO) has announced the successful upgrade of its network to a…
Fitch Downgrades Maldives’ Credit Rating Amid Rising Default Risks
Fitch Ratings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’ from…
Chef Maha to Judge at Thailand World Junior Chef Battle
Maldivian culinary expert Chef Maha Naseer has been selected as a judge for the prestigious…
Inflation in the Maldives Shows Minimal Increase Amid Rising Food Prices
The Maldives experienced a slight rise in inflation in July 2024, with the Consumer Price…
Italy’s 100,000 Visitors Cement Its Importance to Maldivian Tourism Growth
The Ministry of Tourism has reported that over 100,000 tourists from Italy have visited the…
Institute of Directors Maldives to Host Inaugural Governance Conference
The Institute of Directors Maldives (IOD Maldives) has announced its inaugural conference, the IOD Maldives…
Exclusive Offers for Gamers Through Dhiraagu Gamers Guild
Dhiraagu has announced a range of exclusive offers for Maldivian gamers through its newly developed…
MATATO Clarifies Position on GST Changes, Supports Tax in US Dollars
The Maldives Association of Travel Agents and Tour Operators (MATATO) has clarified its position on…
In the Red: How Financial Missteps Are Plaguing Maldivian Councils
Recent audits have highlighted significant concerns over the fiscal management practices of local councils in…
Gov’t Opens Bidding for Ice Plant Development on Five Islands
The government has announced plans to develop ice plants on five islands: Ihavandhoo and Dhidhdhoo…
Maldives Expatriate Workers Remit USD 500 Million Annually, Says Economic Minister
Economic Minister Mohamed Saeed has raised concerns about the annual outflow of approximately USD 500…
State Proposes Treasury Bonds to Offset MVR 3 Billion in Unpaid Bills
The government has announced plans to offer vendors the option to convert unpaid dues into…