STO People’s Choice Opens First Floor with Home, Electronics and Family Spaces
STO has expanded the retail offering at its People’s Choice hypermarket with the opening of…
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Author: Corporate Maldives
Fewer Tourists Drove May Tax Revenue Lower
Government revenue collected through the Maldives Inland Revenue Authority fell in May as the sharp…
Rising Costs Cloud Outlook for Transport and Communication Sector
Transport and communication businesses recorded another quarter of growth at the start of 2026, but…
Pension Office Opens CEO Recruitment During Major Reform Programme
The Maldives Pension Administration Office has reopened applications for the position of Chief Executive Officer,…
Maldives Seeks Deeper Regional Links During Foreign Minister’s China Visit
Minister of Foreign Affairs Iruthisham Adam has concluded an official visit to Kunming, China, where…
Rising Material and Energy Costs Weigh on Construction Outlook
Construction businesses reported weaker activity during the first quarter of 2026, with declining orders, tighter…
Finance Ministry Opens Subscription for MVR 1.26 Billion T-Bill Issue
The government is seeking to raise MVR 1.26 billion from the domestic market through a…
President’s Office Seeks New Commissioner General for MIRA
The President’s Office has opened applications for the position of Commissioner General of Taxation at…
Fitch Upgrade to ‘CCC-’: What It Means for the Maldivian Business Community
Fitch Ratings has upgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-’ from…
Ooredoo Unveils ‘Futuboalha Foari’ Promotions Ahead of FIFA World Cup
Ooredoo Maldives has launched its “Futuboalha Foari” campaign, offering customers a range of promotions and…
Leadership Opportunity Opens at Pension Office Following Major System Reforms
The Pension Office has opened applications for four private sector Board Member positions at a…
Dhiraagu Launches ‘Foarin Gugumaalaa’ Campaign with Prizes and Football Rewards
Dhiraagu has launched its ‘Foarin Gugumaalaa’ campaign, offering customers the opportunity to win prizes and…
Maldives And Japan Reaffirm Cooperation As Leaders Review Future Ties
Vice President Hussain Mohamed Latheef and Japanese Ambassador Ishigami Rumiko held discussions in Malé on…
MIRA Collects MVR 2.05 Billion in May Revenue, Falls Slightly Short of Target
The Maldives Inland Revenue Authority (MIRA) collected MVR 2.05 billion in revenue during May 2026,…
Foreign Minister Departs for China to Attend China-South Asia Cooperation Forum
Minister of Foreign Affairs Iruthisham Adam departed for an official visit to the People’s Republic…
Bangkok Airways Suspends Maldives Flights for Remainder of 2026
Bangkok Airways has suspended its direct flights between Thailand and the Maldives for the remainder…
Wholesale and Retail Sector Expands in Q1-2026 Amid Rising Costs and Tighter Credit
Top management in the wholesale and retail trade sector reported an overall expansion in business…
BML Clarifies Claims of 40% Fee on Foreign Transactions as False
Bank of Maldives (BML) has rejected as false claims that it will impose an additional…
Newly Appointed Ambassadors of France, Netherlands and Philippines Meet Foreign Minister
The newly appointed non-resident ambassadors of France, the Netherlands, and the Philippines to the Maldives…
Maldives and Japan Move to Strengthen Defence Partnership
Japan and the Maldives have begun efforts to strengthen defence cooperation, with Japanese State Minister…
Tourism Sector Braces for Workforce Contraction as Revenue Expectations Weaken
The Maldives tourism industry is preparing for a significant workforce contraction in the second quarter…
Visit Maldives Corporation Records MVR 32.54 Million Income in Strongest Year in Eight Years
Visit Maldives Corporation (VMC) has recorded total self-generated income of MVR 32.54 million in 2025,…
Gov’t Sets MVR 10,000 Fine Under New Single-Use Plastic Ban
The Ministry of Climate Change, Environment and Energy has introduced fines of up to MVR…
Ambassadors of France, Netherlands and Philippines Present Credentials to President Muizzu
The non-resident ambassadors of France, the Netherlands and the Philippines to the Maldives presented their…