Maldives drops three position on Doing Business ranking
Maldives plunges three position down from the recent report on "Doing Business 2016", published annually by the World Bank. Doing Business 2016 is an...
MTCC Board approves Share Split and Rights Issue
On 08th January 2017, the Board of Directors of MTCC Plc has proposed a share split and a rights issue. Chairman Mr. Ahmed Niyaz...
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...
7 reasons why RAS HRMS is a must for your organisation
RAS Human Resources Management System is a cloud-based HR and Payroll system specially designed for the Maldivian Market. The word RAS means...
Ooredoo Shares at MVR30
Ooredoo Maldives has announced plans to sell 41% of shares from the company at a price of MVR 30 per share.
According to the prospectus...
MWSC Obtains a Profit of MVR 264.7 Million
Male' Water and Sewerage Company (MWSC) has obtained a net profit of MVR 264.7 Million for the year 2017. This is a fall from...
National airline, Maldivian to ferry tourists to Laamu Baresdhoo
The National airline, Maldivian has been handed the responsibility to ferry tourists to the developing integrated tourist city, Laamu Baresdhoo. Baresdhoo is an integrated...
Boutique island resort in Baa Atoll, Milaidhoo now Open
Set in the heart of a UNESCO Biosphere Reserve in the Baa Atoll region, the luxury boutique resort Milaidhoo Island Maldives is now open....
CDL Hospitality Trusts’ Maldives assets to continue floundering: analysts
CDL Hospitality Trusts will continue to be plagued by weak performance from its Maldives assets, on back of persistent forex losses and soft demand.
According...
Ministry of Finance and Treasury to Issue International Sovereign Bonds worth USD200 million
Ministry of Finance and Treasury has announced the decision to issue sovereign bonds worth USD200 million to the international market. The bonds are to...
Ayady Takaful launches Family Takaful package
In a press conference held in Mookai Hotel, Allied Islamic window; Ayady Takaful introduces family Takaful package. Family Takaful is a package especially designed...
MMA Increases License Fee for Financial and Remittance Businesses
Maldives Monetary Authority has announced an increase to the license fee for money remittance and consumer finance businesses.
According to the announcement in the Government...
MTCC to revolutionize Maldivian stock market once again
Maldives Transport and Contracting Company Plc first sold their shares to the public in 1980. In 1984, they went for a second round of...
MTCC Thilafushi Land Reclamation Project on Schedule
Maldives Transport and Contracting Company (MTCC) states that a big part of the land reclamation project of K.Thilafushi has been finished.
MTCC official stated the...
Zongshen eyes stakes in seaplane operators
Zongshen Group, a manufacturer of generators and engines, plans to purchase a stake in the biggest seaplane airline in the Maldives this year, in...
BML announces nominations for their board of directors
Bank of Maldives (BML) announces vacancies for the post of Directors in their board. The vacancy is open to their public shareholders.
In their announcement...
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...
Japanese mail-order firm opening Westin resort in Maldives
Catalog shopping giant Belluna is building a resort hotel in the Maldives under the Westin brand to tap the rise in Japanese, Chinese and...
BML’S investment program continues with new branches in Hoarafushi and Ihavandhoo
Bank of Maldives has extended its reach in the atolls with the opening today of two new branches in Hoarafushi and Ihavandhoo in Haa...
Leased Plots at ‘Guesthouse Island’ Baresdhoo will be Handed Over in February – MITDC
Maldives Integrated Tourism Development Corporation (MITDC) has announced that land plots leased from ‘Guesthouse Island’ Baresdhoo in Laamu Atoll, will be handed over as...
BML supports first privately owned company to go public in Maldives
Bank of Maldives has extended its support to the first Initial Public Offering (IPO) of a privately owned company in Maldives. The Bank signed...
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...
Singapore firm to develop second resort in Thaa atoll
Island Aviation Services (IAS) awarded the project to develop a tourist resort in the island of Ruhthibirah in Thaa atoll to a Singapore firm,...
Moody’s assigns first-time B2 issuer rating to the Government of Maldives
Moody's Investors Service has today assigned first-time local and foreign-currency issuer ratings of B2 to the Government of the Maldives. The rating outlook is...
LATEST ARTICLES
Dhiraagu Extends Internet Support to State Care Facilities Across the Maldives
Dhiraagu has reaffirmed its commitment to supporting vulnerable children and victims of domestic abuse under state care by extending high-speed internet services...
Gov’t to Develop Landmark Tower and Financial Centre in Funadhoo
The Minister of Economic Development and Trade, Mohamed Saeed, has announced plans for a landmark tower in the Airport Economic Zone, which...
Road Assessment for Male’ and Villimale’ Completed by Chinese Expert Team
The Ministry of Construction and Infrastructure has announced the completion of road condition assessments for Male’ City and Villimale’. Conducted by a...
Maldives to Expand Fish Processing Capacity Ninefold Over Three Years
Minister of Fisheries and Ocean Resources Ahmed Shiyam has announced that the Maldives' fish processing capacity is set to increase from 35...
Maldives Records MVR 10.8 Billion Fiscal Deficit Amid Mixed Revenue and Expenditure Trends
The Maldives' Ministry of Finance has released its latest fiscal data, revealing a cumulative deficit of MVR 10.8 billion from January to...
