Trade with India, China to Bolster Rufiyaa Against Dollar, Says Minister
Minister of Economic Development and Trade Mohamed Saeed, has disclosed a series of initiatives aimed at securing the value of the Maldivian Rufiyaa to the US Dollar, including increased trade relations with China and India.
Addressing attendees at a ceremony between the Maldivian government and Dubai’s International Freezone Authority (IFZA), Minister Saeed said collaborative...
Documentation Required for Individuals Carrying More Than USD 10k
Minister of Homeland Security and Technology Ali Ihusaan has revealed regulations mandating individuals carrying over USD 10,000 abroad to provide documentation on the source of funds, effective immediately, aimed at controlling cash exports from the Maldives.
Speaking at a press conference convened by the Home Ministry and its affiliated agencies, Minister Ihusaan outlined...
Transport Ministry to Restart Domain Tender Process
Minister of Transport and Civil Aviation Mohamed Ameen announced that the government plans to restart selling domains through a tender process, highlighting domain allocation issues.
Speaking on a Sangu TV programme, the minister assured that the government has devised a comprehensive plan for selling domains, which will be unveiled in the coming days....
Development Bank of Maldives to Commence Services in July
The Economic Minister, Mohamed Saeed, announced yesterday that the Development Bank of Maldives will commence operations in July.
During a ceremony to formalize agreements with the International Free Zone Authority (IFZA) in Dubai to develop the Special Economic and Financial Services Zone in Fonadhoo and the Maldives Economic Gateway in Ihavandhippolhu, Minister Saeed...
Aasandha Expenditure Rises By 4.8%, Hits MVR 838 Million
According to official records, in the first quarter of the fiscal year, Aasandha, the Maldives' state health insurance scheme, disbursed MVR 838 million, a 4.8% increase compared to last year's corresponding period.
Aasandha's expenditures during the first three months of this year amounted to MVR 838 million and facilitated medical treatment abroad for 1,691...
A Mother’s Day Resolution: Creating a Better Workplace for Mothers
The azure waters and vibrant culture of the Maldives mirror the growing aspirations of its female workforce. However, for many Maldivian mothers, balancing a fulfilling career with the joys and responsibilities of motherhood presents a unique challenge. This Mother's Day, Corporate Maldives spoke to working mothers across various industries to find insight on actionable steps companies can...
Zamani Islands: Sowing Seeds of Sustainability in Paradise
Zamani Islands emerges as the leading force in Maldivian hospitality, set to reformulate luxury with a conscience. As Zamani Islands prepares to become the region's inaugural resort to harness 100% renewable energy, the minds of Ashish Rakheja and AEON Integrated Building Consultants, revered for their proficiency in MEP design and sustainability, guide this bold venture.
Maldives Partners with Dubai’s IFZA for Economic Zone Development
The Maldivian government has partnered with Dubai’s International Freezone Authority (IFZA) to establish a special economic and financial services zone in Fonadhoo and an economic gateway in Ihavandhippolhu.
In a ceremony held this morning, Minister of Economic Development and Trade Mohamed Saeed and IFZA Chairman Martin Pedersen exchanged a Memorandum of Understanding.
Maldives Seeks Extension on USD 200 Million Loan Repayment to India
Foreign Minister Moosa Zameer has announced that he formally requested the Indian government to consider extending the repayment period for a USD 200 million loan provided to the Maldives as budgetary support in 2019 during Ibrahim Mohamed Solih’s presidency.
During a press conference yesterday at the President’s Office, Minister Zameer disclosed that USD 50...
Maldives, Qatar Seek Deeper Cooperation as Foreign Minister Zameer Visits Doha
Maldives Foreign Minister Moosa Zameer embarked on a landmark visit to Qatar on Saturday, marking his first official trip since the inauguration of President Dr Mohamed Muizzu's administration. The visit, scheduled to conclude on Monday, aims to bolster bilateral relations and explore new avenues for cooperation between the two nations.
During his stay in Doha, Minister Zameer is expected...
MVR 797 Million Collected in Outstanding Payments: MIRA
The Maldives Inland Revenue Authority (MIRA) has successfully recovered MVR 797 million in outstanding payments during the first quarter of this year.
The quarterly financial report released by MIRA highlights the collected amount encompasses various sources, including dunning processes, dues clearance, bank account freezing policies, and proactive reminders.
Breakdown of the...
MATI Backs EPA’s Decision to Halt Coastal Development Projects
In a united front against the mounting threat of coral bleaching, the Maldives Association of Tourism Industry (MATI) has thrown its full support behind the Environmental Protection Agency's (EPA) recent call to halt dredging and other coastal developmental activities.
The EPA's announcement last Thursday announced that all major coastal development projects and activities will...
Asia Pacific Blue Economy Forum to Address Sustainable Coastal Development
The Ministry of Economic Development, in partnership with the United Nations Development Programme (UNDP), is set to co-host the Asia Pacific Blue Economy Forum. Scheduled for 13-14th May, the forum aims to delve into the planning and execution of a new economic paradigm centered around coastal sustainability. Co-hosted by the Maldives, the event sees collaboration from the...
Bangladesh High Commission Hosts Independence and National Day 2024 Reception
The High Commission of Bangladesh to the Maldives hosted a reception on Thursday at the JEN hotel in Male' City to mark Bangladesh's Independence and National Day. Local Maldivian dignitaries and members of the diplomatic corps attended.
The Minister of Homeland Security and Information Technology, Ali Ihusaan, was the Guest of Honour.
STO Smart Store Goes 24/7 in Hulhumale’
The State Trading Organisation's (STO) Smart Store, located in Hulhumale' Phase One, has rolled out round-the-clock services.
Previously operating until 22:00 hrs daily, the Smart Store's transition to a 24-hour service model comes after meticulous planning. An STO official disclosed that while the Smart Store was initially designed to offer 24/7 services, the implementation...
MMPRC: Maldives Committed to Sustainable Luxury Tourism
The Maldives Marketing and Public Relations Corporation (MMPRC) held a successful ‘Maldives Media Meet’ press conference at the Arabian Travel Market (ATM) 2024 in Dubai, where key stakeholders in the Maldivian tourism industry emphasised their commitment to sustainable luxury tourism.
The event, attended by over 50 international media professionals, saw several notable speakers address the gathering, including...
Maldives Records 3.7% Revenue Hike, Collects MVR 11 Billion.
The Maldivian government has reported a significant surge in revenue, surpassing MVR 11 billion for the current fiscal year. The Ministry of Finance disclosed that the revenue hike is 3.7% more compared to last year.
According to the latest fiscal report released by the Ministry of Finance, revenue collected reached MVR 11.1 billion...
Special Promotion on Allied Child Education Takaful Plan Launched
A special promotion has been unveiled by the Islamic branch of Allied Insurance, marking the occasion of International Children's Day. This promotion aims to facilitate families in securing their children's future through the Child Education Takaful plan.
The promotion offers an enticing incentive for early sign-ups, with the first 50 customers receiving a...
Ooredoo Maldives Celebrates Children’s Day with ‘Ufaa Festival’
Ooredoo Maldives, in collaboration with the Ministry of Social and Family Development and Housing Development Corporation (HDC), is hosting a two-day celebration in honour of Children’s Day.
Named the “Ufaa Festival,” the event will take place at Hulhumale’ Central Park on the 10th and 11th of May, with sessions scheduled from 4 pm to...
HDC Announces Bidding Launch for Hulhumale’ Phase II Plots
The government unveiled the commencement of bidding for land within Hulhumale’ Phase II on Thursday, exclusively for Maldivians.
The Housing Development Corporation (HDC) disclosed that 13 plots located along the second phase beachfront are now accessible for bids, with each plot spanning between 1,864 to 2,408 square feet.
The bidding...
Authentic Maldives Products Showcased in America
Business Center Corporation (BCC) has showcased locally made products from Maldives via the boutique collection 'Authentic Maldives' in Washington, D.C., USA at the World Bank Headquarters, where six products from Authentic Maldives are on display.
Ibrahim Ziyau, the Managing Director of BCC, expressed pride in the role of BCC in creating opportunities for...
World Bank Advises Maldives’ Make Urgent Fiscal Reforms
The Maldives is confronted with escalating debt, even as the World Bank forecasts a modest 4.7% economic growth for the nation this year. The World Bank underscores the urgent need for reforms to bolster Maldives' economic resilience and mitigate financial risks.
Highlighting the economic challenges ahead, the World Bank report paints a bleak picture...
STO’s April Distribution: 71,000+ Units of Staple Foods Delivered Nationwide
State Trading Organization (STO) has reported a significant distribution of staple foods throughout April 2024, with over 71,000 units delivered nationwide.
The state-owned enterprise, renowned as the foremost importer and distributor of staple foods, revealed the following quantities supplied during the period:
Rice: 32,710 bags
Flour:...
DTH Travel Maldives Named Best DMC in Indian Ocean Region
DTH Travel Maldives has clinched the esteemed title of "Indian Ocean's Leading Destination Management Company" at the prestigious 2024 World Travel Awards. The ceremony, held under the Indian Ocean Category, unfolded at the Dubai World Trade Centre during the Arabian Travel Market (ATM) 2024.
Suranjith De Fonseka, Managing Director of DTH Travel Sri Lanka...
LATEST ARTICLES
Trade with India, China to Bolster Rufiyaa Against Dollar, Says Minister
Minister of Economic Development and Trade Mohamed Saeed, has disclosed a series of initiatives aimed at securing the value of the Maldivian...
Documentation Required for Individuals Carrying More Than USD 10k
Minister of Homeland Security and Technology Ali Ihusaan has revealed regulations mandating individuals carrying over USD 10,000 abroad to provide documentation on...
Transport Ministry to Restart Domain Tender Process
Minister of Transport and Civil Aviation Mohamed Ameen announced that the government plans to restart selling domains through a tender process, highlighting...
Development Bank of Maldives to Commence Services in July
The Economic Minister, Mohamed Saeed, announced yesterday that the Development Bank of Maldives will commence operations in July.
Aasandha Expenditure Rises By 4.8%, Hits MVR 838 Million
According to official records, in the first quarter of the fiscal year, Aasandha, the Maldives' state health insurance scheme, disbursed MVR 838...
