Bids Open for 15 New Parking Complexes in Hulhumale’
Bids are now open for the construction of 15 multi-storey parking complexes in Hulhumalé, with contractors required to submit their proposals by...
Gov’t Struck Deal with Bestinet to Avoid Hefty Compensation Payment
On Thursday, the Minister of Homeland Security and Technology, Ali Ihusan, announced that the Maldivian government had reached a new agreement with...
STELCO Upgrades to Smart Grid, Promises Enhanced Power Management
State Electric Company Limited (STELCO) has announced the successful upgrade of its network to a smart grid, a significant milestone aimed at...
Fitch Downgrades Maldives’ Credit Rating Amid Rising Default Risks
Fitch Ratings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CC’ from ‘CCC+’, reflecting growing concerns over the country’s...
Chef Maha to Judge at Thailand World Junior Chef Battle
Maldivian culinary expert Chef Maha Naseer has been selected as a judge for the prestigious Thailand World Junior Chef Battle 2024. The...
Inflation in the Maldives Shows Minimal Increase Amid Rising Food Prices
The Maldives experienced a slight rise in inflation in July 2024, with the Consumer Price Index (CPI) increasing by just 0.10% compared...
Italy’s 100,000 Visitors Cement Its Importance to Maldivian Tourism Growth
The Ministry of Tourism has reported that over 100,000 tourists from Italy have visited the Maldives this year, positioning Italy as the...
Institute of Directors Maldives to Host Inaugural Governance Conference
The Institute of Directors Maldives (IOD Maldives) has announced its inaugural conference, the IOD Maldives Governance Conference 2024, which is set to...
Exclusive Offers for Gamers Through Dhiraagu Gamers Guild
Dhiraagu has announced a range of exclusive offers for Maldivian gamers through its newly developed platform, the Dhiraagu Gamers Guild (DGG). Designed...
MATATO Clarifies Position on GST Changes, Supports Tax in US Dollars
The Maldives Association of Travel Agents and Tour Operators (MATATO) has clarified its position on the proposed amendments to the Goods and...
In the Red: How Financial Missteps Are Plaguing Maldivian Councils
Recent audits have highlighted significant concerns over the fiscal management practices of local councils in the Maldives, revealing discrepancies, inadequate record-keeping, and...
Gov’t Opens Bidding for Ice Plant Development on Five Islands
The government has announced plans to develop ice plants on five islands: Ihavandhoo and Dhidhdhoo in Haa Alif Atoll, Komandoo in Shaviyani...
Maldives Expatriate Workers Remit USD 500 Million Annually, Says Economic Minister
Economic Minister Mohamed Saeed has raised concerns about the annual outflow of approximately USD 500 million in remittances sent abroad by expatriate...
State Proposes Treasury Bonds to Offset MVR 3 Billion in Unpaid Bills
The government has announced plans to offer vendors the option to convert unpaid dues into treasury bonds (T-bonds), providing an opportunity for...
Waves of Change: Ooredoo Maldives and the New Digital Frontier
Ooredoo Maldives has never been a company content with the ordinary. Since its inception in 2005, it has pursued a path of...
Favara Processes MVR 15 Billion in First Year
The instant payment system "Favara" has celebrated its first year of operations with MVR 15 billion processed in transactions.
Gov’t to Introduce Commercial Dredging Fee
The government is set to introduce a dredging fee for commercial sites, effective 25th January next year. Local media reports state the...
Allied Insurance Presents Complimentary Plans at TTM Gala
Allied Insurance has presented complimentary insurance plans to three winners during the Travel Trade Maldives (TTM) Gala event.
Mr...
PCB to Revise HR Guidelines for State-Owned Enterprises to Enhance Recruitment Standards
The Privatisation and Corporatisation Board (PCB) has commenced the process of revising human resources (HR) guidelines for state-owned enterprises (SOEs) in the...
Gov’t Explores Bold Move to Extend Retirement Age to 75
The Ministry of Higher Education, Labour and Skills Development in the Maldives has initiated consultations to extend the retirement age to 75....
FENAKA Corporation Limited to Become Subsidiary of STO
President Dr Mohamed Muizzu has resolved to designate FENAKA Corporation Limited as a subsidiary of State Trading Organisation (STO) Public Limited. This...
Dhiraagu Introduces New Office & Resort Category for DMRR 2024
Dhiraagu has unveiled a brand-new category for this year’s Dhiraagu Maldives Road Race (DMRR) – the Office & Resort 5K Team Event....
Tourist Arrivals in August Show Significant Growth Compared to Last Year
Tourist arrivals in the Maldives continue to surge in August 2024, marking a notable increase compared to the same period last year....
Ministry of Finance Issues USD 117 Million in Treasury Bills to Cover Government Expenditure
The Ministry of Finance has announced the sale of Treasury bills (T-bills) amounting to USD 117 million as part of efforts to...
LATEST ARTICLES
Report: New Housing Loan Scheme, Ambitious Vision or Economic Gamble?
The Maldivian government's recent launch of the 'Hiyaavahi' finance scheme has been hailed by many as a significant step towards addressing the...
Dhiraagu Supports Kulhudhuffushi Knowledge Centre with Digital and Educational Contributions
Dhiraagu has extended its support to the newly established Knowledge Centre in Kulhudhuffushi City, an initiative launched by the Kulhudhuffushi City Council...
Foreign Minister Praises Indian High Commissioner for Strengthening Bilateral Ties
The High Commissioner of India to the Maldives, Mr. Munu Mahawar, paid a farewell call on the Minister of Foreign Affairs, Dr....
Seaplane Services to Take Off at Hanimaadhoo International Airport, Says MACL
Maldives Airports Company Limited (MACL) has unveiled plans to introduce seaplane services at Hanimaadhoo International Airport as part of efforts to diversify...
Gov’t Plans to Double Travel Allowance by Early 2026
President Dr Mohamed Muizzu has commented on proposed measures to improve dollar circulation in the Maldives' banking system, including mandatory exchange requirements...
