MIFCO under STO Management

Investing March 18, 2017

MIFCO under STO Management

Maldives Industrial Fisheries Company (MIFCO) was reallocated as a subsidiary of the largest trading company in the country, State Trading Organization (STO) in September...

Investing March 15, 2017

BML to disburse MVR 107 million as 2016 dividends

Bank of Maldives' Board of Directors has disclosed that MVR 107.6 million will be disbursed as dividends for the year 2016, at a rate...

Investing March 13, 2017

STELCO to Construct Back-up Generator in Male’ Industrial Village

Ministry of Housing has awarded a 10,000 square feet land in Male’ Industrial Village to State Electric Company Limited (STELCO) to construct and operate...

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...

Investing February 28, 2017

Federation of Indian Export Organisations (FIEO) to conduct an exhibition in Maldives to boost...

The Federation of Indian Export Organisations (FIEO) will conduct an exhibition between April 27 and 29 this year in the Maldives to boost exports...

Investing February 26, 2017

Saudi King to Visit Maldives in March to Explore Investment Opportunities, Strengthen International Ties

Saudi Arabia’s King Salman Bin Abdul Aziz Al Saud has embarked on a 31-day trip to six different Asian countries, including Maldives, in order...

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 February 21, 2017

China-Maldives Free Trade Agreement in June

The Minister of Economic Development Mr. Mohamed Saeed has revealed that China and Maldives will sign a Free Trade Agreement in June 2017. According to...

Investing February 18, 2017

USD 220 million withdrawn from BML USD ATM service & MVR 23 billion worth...

Bank of Maldives has announced that over USD 220 million has been withdrawn from BML USD ATM service & MVR 23 billion worth transactions...

Investing February 18, 2017

Bank of Maldives opens new dedicated US Dollar ATM Centre

Bank of Maldives has today opened its dedicated US Dollar ATM Centre at a convenient location near Artificial Beach in Male’. The new facility...

Investing February 10, 2017

BML expands cash services in the atolls with 200th cash agent

Bank of Maldives has expanded its cash withdrawal service in the atolls by adding the 200th retailer to its network of cash agents. A...

Investing February 8, 2017

Talks Underway to Increase Saudi Investments in Maldives

Maldivian Ambassador for Saudi Arabia and Non-Resident Ambassador for Kuwait and United Arab Emirates Mr. Abdullah Hameed has begun talks with members of the...

Investing February 7, 2017

25 New Resorts to Open in Maldives in 2017

President Yameen Abdul Gayoom has stated that 25 new resorts will be opening in the Maldives in 2017, during the Presidential Address at the...

Investing February 6, 2017

BML Point-of-Sale network expansion continues with 4,000th Merchant

Bank of Maldives has expanded its Point-of-Sale (POS) network to 4,000 merchants as it continues to step up its support for retailers across the...

Investing February 5, 2017

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...

Investing February 5, 2017

Self Service Banking introduced in Fuvahmulah as a part of BML’s “Aharenge Bank” program

Bank of Maldives has continued to scale up its investment in communities with the introduction of a new Self Service Banking Centre in Fuvahmulah....

Investing February 1, 2017

Dream Hotel Group Signs Two Resorts in the Maldives

Dream Hotel Group signed two hotels in the Maldives with local entrepreneur Mohamed Manik and Alpha Kinam Holdings to develop The Chatwal Maaga Maldives and Dream Gasveli...

Investing January 22, 2017

Challenges in the Maldivian Capital Market

Guest writer: Mr. Hassan Manik, CEO, Maldives Stock Exchange The financial sector is a very volatile field in any part of the world and in...

Investing January 21, 2017

Maldives keen on Indian investments in ports, airports

Maldives today sought investments from Indian Ocean Region countries including India, in areas such as airports, ports and maritime projects with a view to...

Investing January 16, 2017

MMA announces sale of T-bills worth MVR 1 billion

Maldives Monetary Authority (MMA) has announced the sale of Treasury Bills worth MVR 1 billion in order to facilitate the cash flow of the...

Investing January 9, 2017

MMA increases Credit Guarantee Scheme Allotment to 100million

Maldives Monetary Authority has announced that the allocated budget for the Credit Guarantee Scheme has been raised by 50million due to exceptionally favorable response...

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 January 4, 2017

Talks Underway for Haa Dhaalu Naagoshi Resort Project – MITDC

Maldives Integrated Tourism Development Corporation has announced that talks are underway for the Haa Dhaalu Naagoshi resort project to be switched to MITDC’s tenure. MITDC’s...

Investing December 29, 2016

Cocoon Maldives now open

Cocoon Maldives has opened its doors for the visitors on 26 December 2016, over a month ahead of schedule. Alessandro Azzola, Managing Director of Cocoon Investment...