Allied Life Promotion Launched with 50% Discount
Allied Insurance has launched its "Allied Life Promotion," offering a 50% discount on the first month's premium for the first 50 customers...
MACL Kicks Off Preparations for Winter Tourist Peak Season
Maldives Airports Company Limited (MACL) has commenced its preparation efforts for the upcoming peak season of tourist arrivals with a special event...
The Decline of Cheques in the Maldives: Are We Moving Towards a Cheque-Free Society?
Cheques have long been a staple of financial transactions in the Maldives, widely used by individuals and corporate customers for both routine...
Maldives and Türkiye Set to Sign Preferential Trade Agreement
The Maldives is poised to strengthen its economic ties with Türkiye through the signing of a Preferential Trade Agreement (PTA) within the...
STO Construction Solutions Offers Special Promotion on Nippon Paint for National Day
In celebration of National Day, STO Construction Solutions is offering a special promotion on Nippon paint and other painting supplies. The promotion,...
Maldives Submits Proposal for PayPal, But Is the Country Ready?
Last week, the Minister of Economic Development and Trade, Mohamed Saeed, announced that a formal proposal to introduce PayPal in the Maldives...
Minister Pledges to Reduce Fuel Costs for Fishermen
The Minister of Fisheries and Ocean Resources, Ahmed Shiyam, has promised to address the issue of soaring fuel prices for fishermen. In...
Economic Overview: Maldives’ Economic Update for August 2024
The Maldives Monetary Authority (MMA) has released its Economic Update for August 2024, providing an insightful overview of the country’s economic performance...
How Subpar Education Standards Are Hurting the Economy and Hiring Pool
The quality of education in the Maldives has come under scrutiny once again, following the recent decision by the Maldives Qualifications Authority...
Rising Crime in Malé: Economic and Social Implications
The recent spate of robberies in Malé has raised concerns about the rising crime rate and its broader economic and social impact....
President Muizzu Outlines Economic and Development Plans Amidst Challenges
In a recent interview with Sangu TV, President Dr. Mohamed Muizzu reaffirmed his administration’s commitment to fostering sustainable development in the Maldives,...
Maldives and Saudi Arabia Strengthen Aviation Ties with New MoU on Seaplane Operations
The Maldives and the General Authority of Civil Aviation of Saudi Arabia have signed a Memorandum of Understanding (MoU) to enhance cooperation...
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...
LATEST ARTICLES
Maldives 2.0: President Launches Vision for a Digital-First Nation
President Dr Mohamed Muizzu has announced a new national initiative, titled ‘Maldives 2.0’, aimed at digitising government operations and public services...
Maldives Launches USD 8.8 Billion Financial Centre to Reshape National Economy
The Maldives government has signed a landmark joint venture agreement with MBS Global Investments to establish the Maldives International Financial Centre...
Ooredoo Maldives Sets Guinness World Record for Largest Underwater Panel Discussion
Ooredoo Maldives has earned a place in the Guinness World Records after hosting the world’s largest underwater panel discussion, held beneath...
Vaadhoo to Become First Fully Solar-Powered Island in the Maldives by Year-End
The government has announced plans to transition Raa Atoll Vaadhoo to 100 percent renewable energy by the end of 2025, positioning...
MTCC Posts MVR 62 Million Loss in Q1 Despite Higher Revenue
The Maldives Transport and Contracting Company (MTCC) reported a loss of MVR 62.1 million for the first quarter of 2025, even...
