ADB to Fund Expansion of Maldives’ Kulhudhuffushi Harbor
The Asian Development Bank (ADB) has approved a grant of $9.6 million to the Republic of the Maldives to expand Kulhudhuffushi Harbor, a project...
MEGA Maldives Airlines awarded Air Operators Permit from the Directorate General of Civil Aviation...
MEGA Maldives Airlines has been awarded an Air Operators Permit from the Directorate General of Civil Aviation (DGCA) of India, to launch direct flights...
MMA issues licence to a new insurance company
Maldives Monetary Authority gives license to a 100% Maldivian company to provide insurance service in Maldives. The new company is called Dhivehi Insurance Company...
MMA extends deadline to commence Commercial Bank of Maldives operations
MMA has decided to extend the deadline imposed in the conditions of CBM's Banking licence to 26th September 2016. The earlier deadline to commence...
Corporate Maldives becomes the media partner for Hospitality Investment Conference Indian Ocean 2016
Corporate Maldives has signed up as the official media partner for Hospitality Investment Conference Indian Ocean, which will be held in Hilton Colombo, Sri Lanka...
SATA Announces Nominees for the Year 2016
South Asian Travel Awards (SATA) opened up for nominations on 30th June 2016 have received overwhelming support from major hospitality brands present in India,...
MIRA collected MVR 1.35 billion in July 2016
Maldives Inland Revenue Authority (MIRA) reveals that the earnings for this July has increased by 9.4 percent compared to the same period last year.
MIRA...
Average expenditure $528, 58% travel for medical purposes – Maldivians Traveling Abroad Survey
The Central Bank of Maldives, Maldives Monetary Authority (MMA), published a survey 'Maldivians Traveling Abroad' conducted by the Statistics Division of MMA with the assistance...
Tax Ruling issued by MIRA on the GST treatment of imported goods
A Tax Ruling has been issued by the Maldives Inland Revenue Authority (MIRA) on 8 August 2016 clarifying the GST treatment of imported goods....
MEGA to Fly Hajj Pilgrims to Jeddah
MEGA Maldives Airlines will be flying a total of 603 Maldivian passengers for their annual pilgrimage to the Holy City of Mecca. The passengers,...
World Tourism Organization & Maldives Monetary Authority endorses Guesthouses Maldives Conference
Mr. Xu Jing, Regional Director for Asia & the Pacific of World Tourism Organization (UNWTO) has acknowledged the importance of Guesthouses Maldives Conference &...
Maldives no longer a member of “Vanilla Islands”
Maldives is no longer a member after a decision taken at the recent Vanilla Islands ministerial meeting. The ‘Vanilla Islands’ group is made up...
Pulse Hotels & Resorts appoint new General Manager and Resort Manager for Kandima Maldives
Pulse Hotels & Resorts has appointed new General Manager and Resort Manager for Kandima Maldives opening in December 2016.
Grant Jefferies is an Australian born,...
Corporate Maldives becomes the media partner for Dr. Joel Freeman Seminar
Dr Joel Freeman, author of many best-selling books in 28 foreign translations, “IGNITE Your Entrepreneurial Passion! CREATE THE DEMAND” endorsed by Steve Forbes, Brian...
Aitken Spence records 31% top line growth in Q1 despite low returns from Maldives
Reflecting top line growth across all sectors – tourism, maritime and logistics, strategic investments and services; leading blue chip – Aitken Spence PLC posted...
BML to provide a payment function in the newly announced Maldives Passport Card
Bank of Maldives has announced a collaboration with Maldives Immigration to provide a payment function in the newly announced Maldives Passport Card. A Memorandum...
Maldives Tourism to be promoted by Jacqueline Fernandez in India
Maldives has adapted various ways and techniques in promoting the country; thus, appointing ambassadors is one of the techniques to endeavor. Social media is...
Copier Plus introduces the latest L6000 printers from Brother Brand
Copier Plus Pvt Ltd today introduces the latest L6000 from Brother Brand which includes a mono laser printer (HL-L6400DW) and a 4-in-1 multi-function centre...
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...
China’s outbound tourism slows amid weak yuan, Maldives tourism badly affected
The weaker yuan has slowed growth in China’s outbound tourism, said analysts, with the yuan down more than 7 per cent against the US...
CMDA formulates requirements to register investment funds
Capital Market Development Authority (CMDA) tables requirements to formulate investment funds in the Maldives. CMDA is an independent body responsible for developing and regulating the...
Kuwait Fund gives a loan of 50 million dollars to build the new terminal
Kuwait Fund has given a loan of 50 million dollars to build the new terminal at Ibrahim Nasir International Airport.
An agreement was signed between...
“Lily International” – Main Partner for Guesthouses Maldives Conference 2016
“Lily International” has signed a Memorandum of Understanding (MoU) with Guesthouses Maldives Conference to become “Main Partner’ of the event. Taking place in 24th...
Ayady introduces ‘Family Takaful’
Ayady Takaful, a subsidiary division of Allied Insurance, signs a Memoradum of Understanding (MoU) with Maldives Police Service for provision of Family Takaful plans to take...
LATEST ARTICLES
Report: The Battle for Quality, How Low-Quality Products are Undermining Consumer Health in the...
In the Maldives, a growing concern is emerging among consumers who prioritise the health and well-being of their families over cost. The...
MPL Announces Rent Charges for Apartment Residents
Maldives Ports Limited (MPL) has announced it will commence charging rent from its flat recipients starting October. The decision was conveyed to...
HSBC to Wind Down Maldives Branch
The Hong Kong and Shanghai Banking Corporation (HSBC) has decided to shut down its branch in the Maldives within the next 6-12...
IMF Report Sheds Light on the Maldives’ External Public Debt: A Detailed Analysis
An International Monetary Fund (IMF) report has highlighted the significant external public and publicly guaranteed (PPG) debt challenges facing the Maldives. This...
Supreme Court Overturns High Court’s Suspension of Gulhifalhu Reclamation Project
The Supreme Court yesterday overturned the High Court’s interim order to suspend the Gulhifalhu reclamation project. The matter was initially brought to...
