Dhiraagu introduces Fibre Broadband to additional two new islands of K. Atoll

Investing August 2, 2017

Dhiraagu introduces Fibre Broadband to additional two new islands of K. Atoll

Dhiraagu have announced the roll out of its Fibre Broadband Service, to K. Dhiffushi and K. Guraidhoo, with the fastest internet speed of 100 Mbps...

Business January 1, 2018

Business Trends That Will Drive Success in 2018

Business Trends That Will Drive Success in 2018 With the dawn of a new year, new business aims and objectives are set or renewed to...

Investing August 23, 2017

Investment program is on track – BML CEO

Following a year in which Bank of Maldives recorded its best ever financial performance, CEO Andrew Healy has emphasized that the Bank is keeping...

Investing May 3, 2017

BML Prospect – Connecting Talent with Opportunity’ will help colleges produce job-ready graduates

Bank of Maldives has today signed an agreement with five leading higher education institutions to collaborate in a program to provide students with practical...

Investing May 14, 2017

Dhiraagu launches fibre broadband in B. Dharavandhoo

Dhiraagu has announce the roll out of its Fibre Broadband Service, to Baa Atoll Dharaandhoo, with the fastest internet speed of 100 Mbps and...

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 October 3, 2016

BML Islamic set to launch its first financing products

BML Islamic is set to launch its first financing products in October. The announcement was made at the opening ceremony of BML Islamic’s new...

Investing April 25, 2017

MTDC profits up by 69%

Maldives Tourism Development Corporation has released the official report for the fourth quarter of 2016, from October to December, indicating a clear 69% increase...

Business May 31, 2018

MVR 393 Million Investment by State Trading Trading Organization

State Trading Organization (STO) revealed in last night's Annual General Meeting that they have invested MVR 393 Million in the previous year and this...

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...

Business November 5, 2019

MVR 450 million budget proposed for SME Bank

Ministry of Finance has proposed a budget estimated at MVR 450 million for SME Development Finance Corporation (SDFC) for 2020.

Investing April 27, 2017

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...

Business May 30, 2018

Maldives Showcased Maldivian Fishing in the 15th INFOFISH World Tuna Trade Conference and Exhibition

Maldives showcased Maldivian Fishing in 15th INFOFISH World Tuna Trade Conference and Exhibition. The conference commenced on 28th May in Bangkok at the Shangri-La...

Investing June 7, 2017

Maldives prints debut US$200m sovereign bond

The Republic of Maldives printed their debut USD dollar bond on June 1st, 2017 in a deal arranged by BoCom International, making it the...

Aviation January 31, 2018

Srilankan Airlines to offer discounted rates to 40 destinations

Srilankan Airlines has begun selling tickets to over 40 destinations under a special fair. Commenting on the fair, a Srilankan Airlines official from the Maldives...

Investing April 8, 2017

Useable Reserves Up by 6%, T-bill Investments up by 23% – MMA

Maldives Monetary Authority has announced a 6% increase to the usable reserves and a 16% increase to the total national reserves of Maldives. The usable...

Investing April 5, 2017

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...

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 September 13, 2016

Interest Rates of SME loans decreased

Loans given for small and medium businesses, called SME loans, have had its interest rate decreased by 2% from 9% to 7%. Speaking at ceremony...

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 August 11, 2016

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...

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 October 14, 2016

Islamic economy said to be worth more than $3000 billion in 2015

Global Muslim spend across sectors of the Islamic economy surpassed $1.9 trillion in 2015, while the Islamic Finance sector has around $2 trillion in...

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...