Inaugural Islamic Finance Forum of South Asia on 26-27 July

Investing July 25, 2016

Inaugural Islamic Finance Forum of South Asia on 26-27 July

The Inaugural Islamic Finance Forum of South Asia (IFFSA) will be held on 26 and 27 July at the Ramada, Colombo. Luminaries in the...

Investing May 8, 2018

Ministry of Tourism Reveals Land Acquisition Fee Structure

Ministry of Tourism has revealed the acquisition fees for tourism-related projects. Under the law of developing tourist resorts, hotels, guesthouses and marinas- acquisition fee can...

Investing August 15, 2018

Test Flight lands at Noonu Maafaru International Airport.

The first test flights have successfully landed in the newly developed N.Maafaru Airport. Tourism Minister Moosa Zameer along with parliament members of Noonu Atoll arrived...

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...

Business May 30, 2018

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...

Business January 13, 2018

MIRA reports increase in revenue by 6.8%

Revenue collected by Maldives Inland Revenue Authority (MIRA) has increased by 6.8% from expected figures. The government tax authority confirms that the state collected MVR...

Investing April 9, 2017

BML expands investment in Baa Atoll with new ATM in Dharavandhoo

Bank of Maldives has continued to scale up its investment in B. Atoll with the introduction of a new Self Service Banking ATM in...

Investing July 24, 2016

Commercial Bank of Maldives to commence banking operations in last quarter

Tree Top Investments have announced the opening of Commercial Bank of Maldives (CBM). Commercial bank of Maldives is set out to enhance and improve the...

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USD 220 million withdrawn from BML USD ATM service & MVR 23 billion worth...

Bank of Maldives has announced that over USD 220 million has been withdrawn from BML USD ATM service & MVR 23 billion worth transactions...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 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 19, 2016

MTCC plans to list themselves in the Mauritius Stock Exchange

MTCC, which is the one of the largest construction and logistics companies in the Maldives is in discussions with the Mauritius Stock Exchange to get listed...

Investing June 8, 2017

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...

Investing December 1, 2016

Hurawalhi Resort is Open

The luxury resort hotel has an undersea restaurant, a champagne pavilion, and 90 upscale villas, including 60 Ocean Villas and 30 Beach Villas. The...

Investing May 16, 2017

Maldives: From a beach getaway to the ultimate leisure boating paradise

Marine tourism is set to take a considerable hike in the Maldives. This is largely due to the much-anticipated expansion plan for Male’s Velana...

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 January 22, 2017

Challenges in the Maldivian Capital Market

Guest writer: Mr. Hassan Manik, CEO, Maldives Stock Exchange The financial sector is a very volatile field in any part of the world and in...

Investing August 18, 2016

Maldives drops three position on Doing Business ranking

Maldives plunges three position down from the recent report on "Doing Business 2016", published annually by the World Bank. Doing Business 2016 is an...

Investing August 18, 2016

TMA signs agreement with Addu International Airport to start seaplane operations in Gan Airport

Trans Maldivian Airways (TMA) has on Tuesday signed an agreement with Addu International Airport to setup and operate a seaplane base in Gan Airport. According...

Business September 13, 2018

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...

Business September 17, 2018

MATATO Promotes Maldives in Russia and Malaysia

Maldives Association of Travel Agents and Tour Operators (MATATO) advertised the Maldives in Russia and Malaysia. MATATO has participated...

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 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 September 3, 2017

Blackstone Looking to Sell Seaplane Operator in the Maldives

Blackstone Group LP may cash out from the Maldives, the tropical island chain known for its white-sand beaches and turquoise seascapes. The buyout firm is exploring...