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...
President Touts Development Bank of Maldives as Key to Economic Diversification
President Dr. Mohamed Muizzu has announced that the newly established Development Bank of Maldives (DBM) will serve as a central hub for...
MMA States It Advised BML on Potential Consequences of Dollar Transaction Caps
The Maldives Monetary Authority (MMA) has provided its perspective on the recent reversal of US dollar transaction limits by the Bank of...
Gov’t Unveils Urgent Measures to Tackle Economic and Currency Challenges
The government has laid out a series of urgent economic measures following a cabinet meeting on Sunday, aimed at addressing the country’s...
Ooredoo Maldives Expands 5G Coverage to 60% of the Country and Launches Exciting Contest
Ooredoo Maldives has announced a significant expansion of its 5G network, now covering 60% of the country. This milestone brings advanced high-speed...
BML’s Quick U-Turn on Foreign Transaction Limits Raises Questions of Ethics
The Bank of Maldives (BML) has swiftly reversed its decision to impose restrictions on foreign currency transactions, just hours after announcing them....
STELCO to Develop Electric Vehicle Charging System
The State Electric Company Limited (STELCO) has announced plans to develop an electric vehicle (EV) charging system as part of its efforts...
MPL and Qatar Airways Sign MoU for Sea-to-Air Transshipment Services
Maldives Ports Limited (MPL) and Qatar Airways have signed a Memorandum of Understanding (MoU) to provide cargo services as part of MPL’s...
Has the Government Delivered on Stabilising the Dollar Exchange Rate?
Earlier this year, the Maldivian government proudly announced strides in stabilising the dollar exchange rate, a move that was expected to bring...
BML Cuts Card Limits: The Ripple Effect on Daily Life
In a move that is likely to have far-reaching consequences for ordinary Maldivians, the Bank of Maldives (BML) has announced significant changes...
Future Summit 2024 Spotlights Sustainable Tourism Strategies
The inaugural Future Summit, hosted by Destination Future at Kurumba Maldives on 20 August 2024, brought together esteemed pioneers of Maldives tourism...
Finance Ministry’s Fiscal Report Delay Persists, Raising Transparency Concerns
The Ministry of Finance has still not released the overdue weekly fiscal updates, which were initially scheduled for the fourth week of...
LATEST ARTICLES
China’s New Ambassador to the Maldives Presents Credentials, Affirms Continued Support
The new Ambassador of the People’s Republic of China to the Maldives, His Excellency Kong Xianhua, officially presented his Letters of...
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...
