Ooredoo Shares at MVR30

Investing April 18, 2017

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...

Investing July 19, 2016

Corporate Resident Maldives – Privileged Services for Foreign Investors

The Corporate Resident Maldives, a special investor scheme, introduced by the Government of Maldives, to recognize the contribution of foreign investors and their investments...

Investing March 25, 2017

Lily International Announces Plans to Go Public

Lily International, one of the largest Food and Beverages Importers/Distributors in the country and subsidiary of Lily Group has announced plans to go public. In...

Business May 29, 2018

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...

Investing August 18, 2016

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...

Investing October 16, 2017

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...

Investing December 5, 2016

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....

Business September 11, 2018

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...

Investing July 21, 2016

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...

Investing October 10, 2017

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...

Investing December 28, 2016

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...

Investing March 2, 2017

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...

Business May 30, 2018

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...

Investing March 18, 2017

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...

Investing July 11, 2016

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...

Investing January 7, 2017

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...

Investing July 31, 2017

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...

Investing September 2, 2016

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...

Investing February 25, 2017

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...

Investing May 16, 2017

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...

Investing November 17, 2016

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...

Investing May 11, 2017

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...

Investing October 20, 2016

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...

Investing December 1, 2016

Hurawalhi Resort is Open

The luxury resort hotel has an undersea restaurant, a champagne pavilion, and 90 upscale villas, including 60 Ocean Villas and 30 Beach Villas. The...