STO Sees Resilient Second Quarter Despite Lower Revenue from Global Fuel Market
State Trading Organization (STO) reported steady performance for the second quarter of 2025, with strong profitability and improved liquidity, even as overall...
Maldives to Implement First South Asian FTA with China
The implementation of the Free Trade Agreement (FTA) between China and Maldives, as disclosed by President Dr. Mohammed Muizzu during the Maldives...
Maldives Association of Finance Industry elects new executive board, Ilyas Haneef elected as President
Maldives Association of Finance Industry (MAFI) has elected their new executive board and the members and their respective positions are as follows...
Maldives and India Sign 8 MoUs to Implement Community Development Projects Worth MVR 36.6...
The signing ceremony of eight Memorandum of Understandings (MoUs) between the Government of Maldives and Government of India has been held on...
Win up to €30K for Your Startup! Pitch Online at Oslo Innovation Week
Oslo Innovation Week (OIW) is an annual conference focused on bringing forward new voices and innovation in action. The event highlights green...
PCB Initiates Recruitment of Non-Executive Directors for SOEs
The Privatisation and Corporatization Board (PCB) has announced the creation of a pool of Non-Executive Directors (NEDs) for State-Owned Enterprises (SOEs). This...
Rajapaksa Family Are Not in Discussions to Buy Villa at Soneva
Soneva has a released a statement stating that they would like to clarify that Mahinda Rajapaksa, the former president and prime minister...
Back to Business: Navigating Work Post-Eid
As the sun rises over Malé, casting a golden hue on the tranquil waters of the Indian Ocean, the city hums back...
Maldives Approves Rapid COVID-19 Antigen Test That Gives Results in 15 Minutes
Maldives has approved the Panbio COVID-19 Ag portable antigen test by Abbott that can deliver results within 15 minutes. Medtech Maldives is...
First Lady joins special activities to celebrate International Day of the Girl Child
First Lady Fazna Ahmed has joined the special activities held to celebrate this year's International Day of the Girl Child held in...
The Transcending Indian Outbound Travel Market
Recently, Indian economy portrayed a boom demonstrating a growth in the rising middle class and disposable income of the Indian population. The trend emulated a...
Hotelier Maldives Announces Revamped GM Forum with New Date and Theme for 7th Edition
Hotelier Maldives announced the revamped General Managers (GM) Forum, with this year’s edition, initially scheduled for September, now moved to October 19,...
Leading tax advisory firm, “CTL Strategies” appointed as a consultant for “GOLD 100”
CTL Strategies LLP, a leading tax advisory firm in the Maldives has been appointed as a consultant for "GOLD 100" companies list which will...
Visit Maldives Returns to ITB Berlin 2023 After a Three-Year Hiatus
Maldives Marketing and Public Relations Corporation (MMPRC / Visit Maldives) returns to ITB Berlin 2023 after a three-year hiatus following the pandemic....
Finance Ministry to Issue USD 77.7 Million in Treasury Bills
The Ministry of Finance has announced plans to issue Treasury bills (T-bills) totalling USD 77.7 million. This initiative includes the sale of...
COPE to SLIC: Reveal reasons for Maldives, Seychelles branch closures
Sri Lanka Insurance Corporation (SLIC) has been directed by the Committee on Public Enterprises (COPE) to submit a detailed report on its abrupt closure...
Dhivehi Insurance Signs with LITUS as Official Insurance Provider for All Automobile Sales
Dhivehi Insurance has recently announced its collaboration with LITUS Automobiles, signing as the official insurance provider for all automobile sales.
Emirates Launches Special Offers for Maldives Route
Emirates is offering travelers from the UAE the chance to book their long-awaited Eid or summer getaway to the Maldives, with fares...
National Pay Commission to Bring Amendments to Employee Pay Structures
According to the National Pay Commission’s president and Finance Minister Mr. Ibrahim Ameer, some employees are not receiving fair pay due to...
Soneva Expands into the World of Cryptocurrencies
Luxury hospitality pioneer Soneva is now accepting Bitcoin and Ethereum cryptocurrencies across each of its resorts in the Maldives and Thailand. Continually...
Maldivian to Launch Direct Flights to Colombo
Maldivian is set to expand its network with the introduction of direct flights to Colombo, Sri Lanka, starting on April 25th, 2024....
Safiyya Mohamed Saeed Appointed as Deputy Minister of Health
President Ibrahim Mohamed Solih has today appointed Safiyya Mohamed Saeed as a Deputy Minister of Health.
Safiyya Mohamed...
Sirru Fenfushi Resort opening delayed to April 2018
New luxury resort in Sh. Gaakoshibee, Fairmont Maldives Sirru Fenfushi Resort opening has been delayed to April 2018.
The resort, which accommodates 120 luxury villa, was...
Financial Sector of the Maldives in 2017
The financial sector of the Maldives comprises of commercial banks and non-bank financial institutions. The non-bank financial institutions include insurance companies, a finance leasing...
LATEST ARTICLES
When Media Freedom Fails, Democracy Decays
Parliament this week took up a bill that would dissolve the Maldives Broadcasting Commission and the Maldives Media Council, replacing them with...
First Batch of National Apprenticeship and MACL’s “Hunavaru” Program Completed
The first batch of the National Apprenticeship Program and Maldives Airports Company Limited (MACL)’s “Hunavaru” Program has successfully concluded, with certificates awarded...
Fisheries Ministry Opens Tender for Aquaculture Development on Uninhabited Islands
The Ministry of Fisheries and Ocean Resources has invited bids for the lease of uninhabited islands, lagoons, and reefs to develop aquaculture...
President Concludes North Ari Atoll Tour with Development Commitments
President Dr Mohamed Muizzu has returned to Malé after concluding a multi-island tour of North Ari Atoll, where a series of infrastructure,...
Hulhumalé to Welcome Manhattan Grand, a Luxury Five-Star Hotel Development
A long-idle structure in Hulhumalé, once earmarked by State Trading Organisation (STO) for a city hotel nearly two decades ago, is finally...
