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...
Vista Rooms Expands to Maldives: Eyeing to be in 5 Countries by Year-End
Vista Rooms, one of South Asia’s brands of budget stays has launched in Maldives. Targeting the affordable accommodation segment, Vista Rooms aims to make...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
“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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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The Price of Residency: What the Maldives Must Fix Before Welcoming Wealth
This week, the Maldives officially entered the global investment migration market. In partnership with Henley & Partners, the country is launching its...
MMPRC Acknowledges Financial Losses, Outlines Reforms and Marketing Push
The Maldives Marketing and Public Relations Corporation (MMPRC) has responded to heightened scrutiny over its financial performance, after audit and parliamentary reports...
Maldives Sees Modest Inflation Rise in May, Driven by Electricity and Food Prices
Inflation in the Maldives edged up in May 2025, with the Consumer Price Index (CPI) rising by 0.48 percent compared to April....
Business Owners Must Apply for Tobacco Licence by 17 July, Says HPA
The Health Protection Agency (HPA) has reminded business owners that 17 July is the deadline to apply for a licence to conduct...
MMA Report: Resort Tourism Dips Even as Tourist Arrivals Surge in May
Tourist arrivals to the Maldives rose by 13 percent in May 2025 compared to the same period last year, according to the...
