VIA Steps Up as Official Host for Air Service World Congress 2024
Maldives Airports Company Limited (MACL) announced that Velana International Airport (VIA) will be the official host of the prestigious Air Service World...
Work to Upgrade Low-Voltage Distribution Network in ADh. Hangnaameedhoo Underway
State Electric Company (STELCO) has revealed that work to upgrade the low-voltage distribution network in ADh. Hangaameedhoo is underway.
CDL Hospitality Trusts’ Maldives assets to continue floundering: analysts
CDL Hospitality Trusts will continue to be plagued by weak performance from its Maldives assets, on back of persistent forex losses and soft demand.
According...
Maldives Q1 2024 GDP Analysis: A Positive Economic Trajectory
The Maldives’ economy demonstrated robust growth in the first quarter of 2024, with the Quarterly National Accounts report released by the Maldives...
Gov’t to Mandate Chartered Accountants for State-Owned Companies
The Minister of Finance, Moosa Zameer, has announced plans to amend regulations requiring all government-owned companies to appoint a chartered accountant. This...
IsDB Discusses Establishment of a Microfinance Bank in the Maldives
H.E. President Dr Mohamed Muizzu held talks with The President of the Islamic Development Bank (IsDB), H.E. Dr Muhammed Al Jasser, on...
President Solih Meets with Serbian President
H.E. President Ibrahim Mohamed Solih met on Monday with H.E. Aleksandar Vučić, the President of the Republic of Serbia. The meeting was...
Planning Ministry and MTCC Confirm Four Infrastructure Projects
The Maldives Transport and Contracting Company (MTCC) has inked a series of significant agreements with the Ministry of National Planning, Housing and...
SP Group Seeks to Divest Afcons Amid Ongoing Projects in Maldives Worth MVR 9.3...
The Shapurji Pallonji (SP) Group, owned by Indian billionaire Shapoor Mistry, has decided to divest its subsidiary Afcons Infrastructure Limited, which is...
Maldives Temporarily Shuts Down All Guesthouses
Maldives implements a temporarily nationwide shutdown of guesthouses for 14 days due to the COVID-19 pandemic.
Speaking at a...
Airlines Raise Fares as Maldives Airport Taxes Increase
International airlines operating in the Maldives are adjusting ticket prices upwards in response to the government’s recent airport tax hike.
Minimum Wage to Be Declared on Monday: Minister Fayyaz
Economic Minister Fayyaz Ismail has stated that the minimum wage will be declared on Monday.
Maldives' Minimum Wage Board...
New Ambassador of Senegal Presents Credentials to President Solih
The new Ambassador of the Republic of Senegal H.E. Abdoul Wahab Haidara has presented his letter of credence to H.E. President Ibrahim...
BML and American Express launch ‘Experience Maldives’ destination campaign
Bank of Maldives and American Express have partnered for a second time to proceed with the global destination campaign ‘Experience Maldives’.
Sun Princess by Princess Cruises Arrives to Maldives
Sun Princess operated by Princess Cruises has arrived to Maldives at 0615 hrs on 24th April 2019. Sun Princess was built on...
Ha. Hoarafushi Airport Shore Protection Project Over Halfway Completed!
Maldives Transport and Contracting Company (MTCC) has provided an update on the Ha. Hoarafushi Airport Shore Protection Project.
According...
COVID-19 Recession : Worst Global Recession since World War II
According to the world bank, the COVID-19 pandemic is currently forecast to cause the worst global recession since World War II.
Maldives Set to Introduce India’s Unified Payment Interface (UPI)
President Dr Mohamed Muizzu, acting on a recommendation from the Cabinet, has announced a plan to introduce India’s Unified Payment Interface (UPI)...
Dhiraagu Celebrates 35 Years of Enriching Lives with Exciting New Offers
Dhiraagu has celebrated the company’s 35 years of enriching lives with the launch of exciting new offers at a special press conference...
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...
President signs Income Tax Bill into law
President Ibrahim Mohamed Solih has this afternoon signed the Income Tax Bill into law. Parliament passed the bill on 4th December 2019,...
Win Free Umrah Trips Every Week with the New Promotion of Dhiraagu.
Dhiraagu has commenced its massive Ramadan promotion where the lucky winners will get a free Umrah trip and are selected every week. This promotion...
CMDA to introduce a formalized platform for private placements
CMDA is working to introduce a formalized platform/market for private placements as a new access to finance avenue for local companies.
There are 3 main...
Maldives Signs Currency Swap Agreement With India
Maldives Monetary Authority (MMA) has signed a currency swap agreement with Reserve Bank of India (RBI) on 22nd July 2019.