Official Groundbreaking Ceremony Marks Start of Construction on Maldives’ New Multi-island Resort Concept
Mr. Moosa Zameer, Minister of Tourism, joined Chairman of Singha Estate Public Company Limited, Mr. Chutinant Bhirombhakdi; Director, Chairman of Executive Committee, Mr. Chayanin...
BML Has Opened a New Customer Service Center in Male’ Square
Bank of Maldives (BML) has opened a new customer service center in Male’ Square located in Ameenee Magu, Gaakoshi Flat.
The new customer service center...
The First Ever Water Theme Park in Maldives is Set to Open in Hulhumale’...
Housing Development Corporation (HDC) has handed over the massive project of constructing the first ever water theme park in Maldives to a Malaysian based...
The New Roads that are being Developed in Hulhumale’ is Prepared for Concrete Works
Housing Development Corporation (HDC) have mentioned that the new roads that is being developed under the second phase of Hulhumale’ Development project is equipped...
350 Luxury Flats to Be Built in Rasfannu Area by 2020
The government of Maldives has handed over the huge project of constructing 4 towers of 25-story buildings containing 350 luxury flats to a Singapore...
The Master Plan of “iHavan” Project will be Completed by the end of this...
Ihavandhippolhu Integrated Development Project (iHavan) is an integrated project which will be developed in Ihavandhippolhu atoll in Northern Maldives. This project aims in capitalizing...
Equatorial Convention Centre of Addu City to be Converted into a 100-Bed Hospital
On 22nd February 2016, the Government of Maldives announced that the Equatorial Convention Centre in Hithadoo, Addu City will be converted into a 100-bed...
Thilafushi Corporation to Open Spots for Leasing from the New Industrial Zone of Thilafushi
Thilafushi Corporation has mentioned that the development of Thilafushi Industrial Zone is ongoing at a fast pace and that they are planning to open...
“Corporate Maldives: Investor’s Guide” to be launched in the last quarter of 2017
"Corporate Maldives: Investor's Guide" will be launched in the last quarter of 2017. This guide will be written entirely in English and is divided into major sections...
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...
BML Reveals Plans to Scale Up Investment in Hulhumale’
Bank of Maldives has announced that it will expand its presence in Hulhumale’, starting in October with a new Self Service Banking ATM in...
Dhiraagu launches fibre broadband in B. Dharavandhoo
Dhiraagu has announce the roll out of its Fibre Broadband Service, to Baa Atoll Dharaandhoo, with the fastest internet speed of 100 Mbps and...
BML DECLARES PROUD INVESTMENT IN STATE-OF-THE-ART TREETOP HOSPITAL
Bank of Maldives’ senior management have taken the opportunity to inspect the development of the new Treetop Hospital in Hulhumale’ which was part-financed by...
Happy Market to Invest in Increasing the Production of Life Water
It has been stated by the general manager of Happy Market, Ali Ihsaan, that they are all set to increase the production of life water....
BML TO LAUNCH NEW INTERNET BANKING PLATFORM
Bank of Maldives is set to launch a technologically advanced and user friendly new internet banking platform for its personal customers. Details were unveiled...
LATEST ARTICLES
Report: Maldives Grapples with Dollar Crisis as Public Debt Surpasses MVR 135 Billion
The Maldives is facing a severe dollar crisis that has ignited intense discussions among government officials, business leaders, and citizens. The escalating...
Budget Committee Approves 2025 Budget with Enhanced Oversight Conditions
The Budget Committee of Parliament has approved the proposed 2025 budget, incorporating amendments aimed at increasing transparency and fiscal accountability. The decision...
Ministry of Fisheries Launches Work on 25-Year Fisheries Masterplan
The Ministry of Fisheries and Ocean Resources has commenced efforts to develop a 25-year masterplan aimed at guiding the sustainable growth and...
High Costs and Allegations of Corruption Plague Aasandha System
Aasandha CEO Aminath Zeeniya has raised concerns about the high prices charged by major private hospitals, revealing that discussions are ongoing to...
Destination Future Raises Concerns Over New Dollar Exchange Policies
Destination Future, a Maldivian NGO dedicated to sustainable development, has raised significant concerns about the government’s recent changes to the dollar exchange...
