Government Dispenses Overdue USD 6.5 Million to Fishermen
The government has decided to disburse USD 6.5 million from pending payments to fishermen, with…
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12% Surge in Maldives Tourist Arrivals 2023
Maldives witnessed an impressive upswing in tourist arrivals as 2023 drew to a close, with…
IASL Appoints Former MD Mohamed Mihad as Chairman
Island Aviation Services Ltd has announced the appointment of Mohamed Mihad as the new Chairman…
12 Government-Owned Companies Experience Major Board Reshuffle
The Privatization and Corporatization Board (PCB) has undertaken a major reshuffling of the board of…
Maldives to Expand Air Connectivity with 15 New Domestic Airports
At the Invest Maldives Forum in China, the government announced plans to construct 15 additional…
Finance Ministry Offers MVR 4.2 Billion T-bills
In an effort to cover government expenses, the Finance Ministry has announced the sale of…
Maldives Signs USD 50 Million ‘Urban Isle’ Project with China
China’s Hunan Construction Investment Group has secured the contract to construct seven architecturally innovative buildings,…
Maldivian to Expand International Flight Operations with Boeing 787 Lease
Maldivian, operated by Island Aviation Services Limited (IASL), has announced its intention to lease a…
President Seeks China’s Assistance for Ambitious Infrastructure Projects in Maldives Under Belt and Road Initiative
President Dr Mohamed Muizzu has actively sought China’s support in advancing major infrastructure developments in…
Economic Ministry Allows Registration for Single Shareholder Companies
The Ministry of Economic Development and Trade announces the permission for individuals to register single…
Maldives to Implement First South Asian FTA with China
The implementation of the Free Trade Agreement (FTA) between China and Maldives, as disclosed by…
Maldives’ SOEs Achieve Growth in Banking and Utilities, Face Setbacks in Real Estate in Q2 2023
The State-Owned Enterprises (SOEs) of Maldives, have demonstrated varied performances in the second quarter (Q2)…
Costa Serena Arrives in the Maldives with Over 3000 Tourists
Costa Serena, an illustrious Italian cruise ship, has docked in the Maldives with over 3,000…
Keylakunu Set to Become an Eco-Tourism Hub in the Maldives
The Maldivian government has announced plans to develop the island of HDh. Keylakunu as a…
Muizzu Initiates Key Economic Reforms in Maldives
President Dr Mohamed Muizzu has announced a series of initiatives following a Cabinet meeting held…
Economic Council Cancels Seven Airport Development Agreements
The Economic Council has decided to cancel seven finance agreements related to the development of…
Maldives to Open Treasury Bonds to Development Companies to Spur Investment
Maldives is set to welcome companies engaged in development projects within the country to invest…
Muizzu to Strengthen Economic Ties with China During State Visit
President Dr Mohamed Muizzu, accompanied by the First Lady, has embarked on a State Visit…
Key Maldivian SOEs Face Significant Revenue Declines in Q2
In the recent quarterly review for Q2 released by the Privatization and Corporatization Board (PCB),…
Cabinet Deliberates on the Creation of a National Development Bank
President Dr. Mohamed Muizzu informed his Cabinet about plans to address the potential establishment of…
Oaga Art Resort Welcomes Local Artists to Exhibit at Veyoge Gallery Villas
Oaga Art Resort, a local brand in the Maldives, has announced an open call for…
New Economic Initiatives to Receive Duty Exemption Boost
The government is making significant changes under the Special Economic Zone (SEZ) Act. The latest…
President Redirects Port Development to Thilafushi
President Dr. Mohamed Muizzu revealed a significant change in plans for the Malé Commercial Port.…
Hotelier Maldives Awards 2024 Welcomes Entries
Hotelier Maldives has launched entries for the Hotelier Maldives Awards 2024. These prestigious awards honour…