MMA announces sale of T-bills worth MVR 1 billion

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 August 10, 2016

Kuwait Fund gives a loan of 50 million dollars to build the new terminal

Kuwait Fund has given a loan of 50 million dollars to build the new terminal at Ibrahim Nasir International Airport. An agreement was signed between...

Investing April 15, 2017

New Self Service Banking ATM to support local community in LH. HINNAVARU

Bank of Maldives has introduced Self Service Banking in Lh. Hinnavaru, with a new ATM that will support the banking needs of the local...

Investing September 3, 2017

Blackstone Looking to Sell Seaplane Operator in the Maldives

Blackstone Group LP may cash out from the Maldives, the tropical island chain known for its white-sand beaches and turquoise seascapes. The buyout firm is exploring...

Business August 24, 2018

Luxury Maldivian resort “Soneva Fushi” is recruiting a bookseller

Philip Blackwell, the scion of bookseller family, needs a Man Friday for possibly the world’s most remote bookshop, based in the luxury eco-resort of...

Investing August 17, 2016

MEGA Maldives Airlines awarded Air Operators Permit from the Directorate General of Civil Aviation...

MEGA Maldives Airlines has been awarded an Air Operators Permit from the Directorate General of Civil Aviation (DGCA) of India, to launch direct flights...

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 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 November 24, 2016

India’s Demonetization and Digital Transactions

Amidst the India's controversial demonetization process, some companies (mostly digital) excelled to triumph with surprising profits. Fulled by the cash crunch, people are summoned to digital...

Investing May 8, 2018

Housing Development Finance Corporation to distribute MVR 22 as dividend

Housing Development Finance Corporation (HDFC) has announced that they are to distribute MVR 22 per share as dividend for the financial year of 2017. This...

Investing May 7, 2017

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....

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 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...

Business December 14, 2017

Corporate Lessons to Learn from DC Universe

Batman, Superman, Flash, Wonder Women, Green Lantern are few of the DC universe superhero names we grew up with. In business terms, these are...

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...

Investing November 12, 2016

Muslim Business Travel Segment at $22 Billion

New study on the growing Muslim travel indicated a staggering $22 billion worth Muslim business travel segment. It is further projected to reach $22...

Investing December 1, 2016

Amãna Takaful Maldives has purchased 5% of the issued share capital of Maldives Islamic...

Amãna Takaful (Maldives) PLC has purchased 5% of the issued share capital of Maldives Islamic Bank held by Islamic Corporation for Development (ICD). The...

Investing July 22, 2016

Amana Takaful Life announces IPO of LKR 75Mn

Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, has announced an Initial Public Offering (IPO), via an Offer for Sale...

Business September 13, 2018

State revenue increases by 16 percent more than predicted figure

State revenue has increased by 16 percent more than the predicted figures. According to statistics report by government taxation...

Investing May 7, 2018

MIRA reveals first quarter report for 2018: Records MVR 4.99 billion as revenue

Maldives Inland Revenue Authority (MIRA) has announced that they have collected MVR 4.99 Billion as revenue in the first quarter of 2018. In their quarterly...

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...

Investing August 17, 2016

MMA extends deadline to commence Commercial Bank of Maldives operations

MMA has decided to extend the deadline imposed in the conditions of CBM's Banking licence to 26th September 2016. The earlier deadline to commence...

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 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...