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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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.
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...
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...
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...
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...
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...
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...
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...
Now Open: Four Seasons first private island escape at Voavah, Baa Atoll
Now open, the world’s first exclusive-use hideaway in a UNESCO World Biosphere Reserve, Four Seasons Private Island Maldives at Voavah, Baa Atoll is a...
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...
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...
LATEST ARTICLES
A Mother’s Day Resolution: Creating a Better Workplace for Mothers
The azure waters and vibrant culture of the Maldives mirror the growing aspirations of its female workforce. However, for many Maldivian mothers,...
Zamani Islands: Sowing Seeds of Sustainability in Paradise
Zamani Islands emerges as the leading force in Maldivian hospitality, set to reformulate luxury with a conscience. As Zamani Islands prepares to...
Maldives Partners with Dubai’s IFZA for Economic Zone Development
The Maldivian government has partnered with Dubai’s International Freezone Authority (IFZA) to establish a special economic and financial services zone in Fonadhoo...
Maldives Seeks Extension on USD 200 Million Loan Repayment to India
Foreign Minister Moosa Zameer has announced that he formally requested the Indian government to consider extending the repayment period for a USD...
Maldives, Qatar Seek Deeper Cooperation as Foreign Minister Zameer Visits Doha
Maldives Foreign Minister Moosa Zameer embarked on a landmark visit to Qatar on Saturday, marking his first official trip since the inauguration of...
