Foreign investments approved passes USD 1 billion mark

Investing October 17, 2017

Foreign investments approved passes USD 1 billion mark

Foreign investments approved this year has already passed the USD 1 billion mark, according to Registrar of Companies, Ms Mariyam Visam. Over the past...

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 August 9, 2016

Bank of Maldives participates in the Credit Guarantee Scheme by MMA

Bank of Maldives has confirmed its participation in the Credit Guarantee Scheme which was launched this morning by the Maldives Monetary Authority (MMA). Under...

Investing April 17, 2017

USD 200 million worth Foreign Investments registered this year

The Ministry of Economic Development has released statistics revealing USD 200 million worth foreign investments registered in the Maldives in 2017. The statistics were revealed...

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 December 11, 2016

AccorHotels invests US $16.8m in Banyan Tree

Banyan Tree Holdings and AccorHotels have entered into a long term partnership to develop and manage Banyan Tree-branded hotels around the world. Banyan Tree will...

Investing May 15, 2017

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...

Investing May 1, 2017

MEGA Maldives Airlines Announces Temporary Suspension of Operations

MEGA Maldives Airlines is to temporarily suspend commercial flight operations from the 2nd of May 2017 onwards as part of its restructuring and recapitalization...

Investing October 11, 2017

Maldives Investment Forum to be held on the 18th of December 2017 in Dubai,...

Ministry of Economic Development of Maldives has announced that they are to host their prime investment event “Maldives Investment Forum” on the 18th of...

Investing March 21, 2017

TMA expands Aircraft fleet

Trans Maldivian Airways (TMA) has added another aircraft to its existing fleet. The additional aircraft, a De Havilland DHC-6 Series 300, arrived this afternoon...

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 June 13, 2017

“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...

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 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 December 7, 2016

Dhiraagu to Expand 4G LTE Service Nation Wide

Dhiraagu has announced that it has officially started its 4G expansion project to rollout the service across the entire country. Dhiraagu has engaged vendors to...

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 14, 2017

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...

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 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 June 3, 2017

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...

Investing April 7, 2017

Centara signed new management agreement for fourth resort in the Maldives “Centara Grand Muthaafushi...

Centara Hotels & Resorts, leading Thai hospitality group signed a new hotel management agreement for its fourth beach resort under the Centara umbrella in...

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 April 16, 2017

Investment Forum for Addu Guesthouses on 22nd April

Maldives Integrated Tourism Development Corporation (MITDC) is preparing to host an Investment Forum for parties interested in investing in the guesthouse industry in Addu. MITDC’s...

Investing March 20, 2017

Centara Announces Two More Properties in Maldives

Centara Hotels and Resorts has announced plans to construct/operate two more properties in the Maldives. In an interview with Bangkok Post, the Senior Vice President...