Development Bank of Maldives Granted Banking Licence
The Maldives Monetary Authority (MMA) has officially granted a banking licence to the Development Bank…
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News
MIRA’s Revenue Recovery Efforts Yielding Positive Results, Says Commissioner General of Taxation
The Commissioner General of Taxation, Hassan Zareer, has revealed that the Maldives Inland Revenue Authority’s…
Dr. Mohamed Mahid Shareef Appointed CEO of Institute of Chartered Accountants of the Maldives
The Institute of Chartered Accountants of the Maldives (CA Maldives) has appointed Dr. Mohamed Mahid…
Targeted Cash Transfers Proposed to Mitigate Impact of Subsidy Reforms in the Maldives
A recent report by the World Bank has raised concerns about the potential impact of…
Maldives Strengthens Conservation Efforts for Whale Sharks with New Regulation
The Government of Maldives has introduced a new regulation, No. 2024/R-96, aimed at enhancing the…
GEF Allocates MVR 1.5 Million to Community Organisations in Laamu Atoll Through ‘Endheri’ Project
The Global Environment Facility (GEF) has allocated MVR 1.5 million in financial aid to three…
469 STELCO Employees Complete Leadership Enhancement Programme
The State Electric Company (STELCO) has announced that 469 of its employees have successfully completed…
Renovation Works Begin at Kooddoo Airport Following Suspension of Flights
The government has initiated renovation efforts at Kooddoo Airport after national carrier Maldivian halted its…
The Role of SOE Reform in Restoring the Maldives’ Fiscal Health
According to the latest World Bank Maldives Development Update (October 2024), state-owned enterprises (SOEs) in the…
Maldives Sees Slower Credit Growth as Personal Loans Surge
The Maldives has experienced a deceleration in private sector credit growth, as highlighted in the…
Long-Term Policies Crucial for Maldives’ Development, Says UN Official
Kanni Wiganaraja, Assistant Secretary of the United Nations and UNDP Regional Director for South Asia…
World Bank Urges Urgent Economic Reforms Amid Rising Vulnerabilities in Maldives
The World Bank has called for urgent and comprehensive economic reforms in the Maldives to…
FNFC Acquires Investment Fund Licence for Real Estate and Hospitality Fund
The First National Finance Corporation (FNFC) has secured an investment fund licence from the Capital…
Creative Economy Fund Now Open for Applications
The Business Centre Corporation (BCC) has announced that applications are now open for the Creative…
Maldives Sees 93% Revenue Surge as Resorts Extend Leases to 99 Years
The Maldives recorded a substantial increase in revenue collection for September 2024, totalling MVR 2.3…
Housing Ministry to Engage Public in Development of 20-Year National Development Plan
The Minister of Housing, Land, and Urban Development, Dr Ali Haidar Ahmed, has announced that…
President Muizzu Highlights India-Maldives Cooperation for Digital and Sustainable Growth at Business Forum
President Dr Mohamed Muizzu emphasised the importance of collaboration between India and the Maldives in…
Maldives Showcased at TTG Travel Experience 2024 in Italy
The Maldives is being prominently represented at the TTG Travel Experience 2024 in Rimini, Italy,…
Ooredoo Marks Customer Service Day with CEO Leading Digital Care Efforts
Ooredoo Maldives celebrated Customer Service Day on 8th October by launching a unique initiative titled…
PADI and Chinese Celebrity Victor Ma Collaborate on Marine Conservation Film in the Maldives
Chinese actor and singer Victor Ma has teamed up with the Professional Association of Diving…
How Gender Data Can Drive Policy Changes in the Maldives: Key Findings and Recommendations
The Maldives has made significant progress in promoting gender equality over the past decade, enshrining…
MPL to Reduce Free Storage Period at Malé Commercial Port to Ease Congestion
The Maldives Ports Limited (MPL) is set to reduce the free storage period for containers…
Maldives Wins Indian Ocean’s Best Spa Destination 2024 at World Spa Awards
The Maldives has been recognised as the Indian Ocean’s Best Spa Destination at the 10th…
Central Bank Set to License Development Bank of Maldives This Week
The Maldives Monetary Authority (MMA) is expected to issue an operating license to the Development…