Bank of Maldives shareholders to receive record dividend
Bank of Maldives has confirmed that its shareholders will receive a record dividend for the fourth consecutive year. Shareholders voted to approve the proposed...
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...
Fitch Assigns Maldives First-Time ‘B+’ Rating; Outlook Stable
(The following statement was released by the rating agency) HONG KONG, May 15 (Fitch)
Fitch Ratings-Hong Kong-15 May 2017: Fitch Ratings has assigned The Republic...
MMA issues licence to a new insurance company
Maldives Monetary Authority gives license to a 100% Maldivian company to provide insurance service in Maldives. The new company is called Dhivehi Insurance Company...
ADB to Fund Expansion of Maldives’ Kulhudhuffushi Harbor
The Asian Development Bank (ADB) has approved a grant of $9.6 million to the Republic of the Maldives to expand Kulhudhuffushi Harbor, a project...
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...
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...
BML Has Positive First Quarter with Strong Financial Results and Increased Investment Nationwide
MVR 300 million investment plan on track which will benefit 22 different islands and create 150 new jobs
Bank of Maldives has made a positive...
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...
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...
MVR 1.7 Billion has Been Spent on Land Reclamation of 12 Islands – Dr....
Minister of Housing and Infrastructure, Dr. Mohamed Muizzu reported that MVR 1.7 billion has been spent on the land reclamation of 12 islands by...
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...
Gaja Capital in talks to invest $20 million in Kangaroo Kids
Mid-market focused private equity firm Gaja Capital is in talks to invest about $20 million (₹135 crore) in Kangaroo Kids Education Ltd (KKEL), in...
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...
Male’ Sewerage System to be Overhauled
Male’ Water and Sewerage Company (MWSC) has started a project aimed to overhaul and redevelop the sewerage system in the capital island.
The project was...
CMDA formulates requirements to register investment funds
Capital Market Development Authority (CMDA) tables requirements to formulate investment funds in the Maldives. CMDA is an independent body responsible for developing and regulating the...
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...
GCC to witness ‘sharp’ slowdown in 2017 – research
All six GCC economies will experience a “sharp” slowdown this year and over 2017, although the UAE and Qatar will outperform the others, according...
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....
The First Ever Water Theme Park in Maldives is Set to Open in Hulhumale’...
Housing Development Corporation (HDC) has handed over the massive project of constructing the first ever water theme park in Maldives to a Malaysian based...
Dhiraagu opens pre-order for Samsung Galaxy Note 9
Dhiraagu announced that Samsung’s popular Galaxy Note 9 mobile phone is available for preorder.
Dhiraagu is offering instalment payment options available for postpaid customers. With...
Saudi Arabia planning to cancel $20bn worth of projects – report
Saudi Arabia could cancel more than $20 billion worth of projects and cut ministry budgets by a quarter as the kingdom struggles to manage...
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...
Second Round of Get Set MV Loan Scheme Announced
The second round of the Maldives Youth Entrepreneurship program, Get Set MV, has been announced.
The Get Set MV scheme was launched to assist young Maldivians...
LATEST ARTICLES
Jetex in Talks to Operate VIP Terminal at Velana, No Green Light Yet
Speculation is swirling around a possible agreement between Maldives Airports Company Limited (MACL) and Dubai-based aviation firm Jetex regarding the operation of...
Gov’t Eyes Stronger Investment Ties with Singapore in Tourism and Renewable Energy
The Maldivian government is confident that Singaporean investors will expand their footprint in the country, particularly in areas vital to economic development,...
Maldives, India Hold Talks to Deepen Trade and Investment Links
The governments of the Maldives and India have held discussions to further strengthen bilateral trade and investment relations, reaffirming a shared commitment...
Maldives Secures USD 25 Million for Early Warning Climate Project
The Green Climate Fund (GCF) has approved a USD 25 million grant to the Maldives under the SAP050 project, titled "Toward Risk-Aware...
Maldivian Introduces New Onboard Rules for Power Banks Starting July 6
Maldivian, the national airline of the Maldives, has announced the introduction of strict new safety regulations concerning the carriage and use of...
