STO Unveils Specialized Construction Showroom in Hulhumale
State Trading Organization (STO) has unveiled a dedicated showroom catering to the construction sector in Hulhumale'. The inauguration ceremony, graced by Construction Minister Dr Abdulla Muthalib, marked a significant milestone for STO's expansion into the construction market.
https://twitter.com/stoplc/status/1782834253392408972
The newly opened construction solutions showroom, located adjacent to STO's Hulhumale shop...
Ahmed Shamah Rasheed Reinstated as CEO of MIFCO Following Suspension Lift
Ahmed Shamah Rasheed, the Chief Executive Officer at the Maldives Industrial Fisheries Company (MIFCO), returned to his duties today after his weeks-long suspension was lifted.
According to a spokesperson from MIFCO, the Privatization and Corporation Board (PCB) announced the decision to lift Shamah's suspension on Tuesday.
The spokesperson further stated that...
Gov’t Explores Ways to Strengthen Councils, Including Tourism Tax Share
Minister of Cities, Local Government and Public Works Adam Shareef has signalled potential changes to legislation that could see councils receive 10% of the tax generated by the rural tourism industry. This was revealed during the inauguration of the Fanoalla Dharubaaru, an event conducted by the Local Government Authority (LGA).
Minister Adam Shareef highlighted...
Siyam Seeks $165 Million Government Loan Guarantee for Resort Development
Prominent businessman and Member of Parliament for Meedhoo Constituency Ahmed Siyam Mohamed has officially requested a USD 165 million loan guarantee from the government for the construction of a resort.According to documents obtained by news media outlet Mihaaru, Siyam submitted a formal letter seeking the loan guarantee to the Finance Ministry on the 7th of this month.The...
Muli Airport Development Enters Final Stages, Services to Begin Soon
The Meemu Atoll will soon gain much-anticipated air connectivity as the Muli Airport development project nears completion. The Muli Island Council has announced that airport services are poised to commence this year, bringing considerable change to the atoll, which had previously lacked an air travel hub.
The Maldives Transport and Contracting Company (MTCC), awarded...
S01 Ooredoo Nation EAFC Series Champion Announced
Ooredoo Maldives has concluded Season One of its EAFC Maldives Championship Contender Series, announcing Mohamed Zameel Zihuny as the champion. The tournament, held in collaboration with the Maldives E-Sports Association (MESA), commenced last Thursday and concluded on Saturday.
Mohamed Zameel Zihuny clinched the Championship title, securing a cash prize of MVR 8,000.
Vacations Expo to Commence Tomorrow
Event organizer High Rise Pvt Ltd has revealed that the fifth edition of the Vacations Expo will commence tomorrow.
Hosted at Central Park in Hulhumale, the event will span three days from April 25th - 27th.
The expo will run from 04:00 to 06:00 pm and then from 08:00 pm to...
Maldives Rallies for a Plastic-Free Future, Calls for 60% Production Cut
As the world commemorates Earth Day 2024, the Maldives Ministry of Climate Change, Environment and Energy is spearheading a global call to action against plastic pollution. Under the theme "#PlanetvsPlastics", the Ministry is advocating for a drastic 60% reduction in plastic production by 2040, with the ambitious goal of a plastic-free future.
https://twitter.com/MoEnvmv/status/1782276267813069290
Leadership Summit Asia 2024 Tackles Human Potential, Sustainability, and the Future of Work
The Leadership Summit Asia 2024, organized by World of Tomorrow, kicked off yesterday at Villa Nautica in the Maldives, gathering business leaders, HR experts, and thought leaders for a two-day event focused on the critical challenges and opportunities shaping the future of leadership.
The first day of the summit delved into the power of...
MIRA Launches Income Tax Assistance Program
The Maldives Inland Revenue Authority (MIRA) has announced the launch of the Income Tax Assistance Program 2024 to support individuals and businesses in fulfilling their tax obligations. Running from April 23 to June 22, this initiative aims to assist taxpayers who must file income tax returns for 2023 and have a total income of MVR 10 million...
Maldives GDP Expected to Surge by 5.4% in 2024: Asian Development Outlook April 2024
According to the Asian Development Outlook April 2024 report, the economic forecast for the Maldives shows a potential surge in GDP growth, with expectations set at 5.4% in 2024 and a further increase to 6.0% in 2025.
2023 Overview
The report states that the Maldivian economy experienced a notable softening in...
Maldives Outlines Ambitious Development Plans Prioritizing Innovation and Sustainability at ESCAP
The 80th Session of the Economic and Social Commission for Asia and the Pacific (ESCAP) commenced yesterday at the United Nations Conference Centre in Bangkok, with the Maldives delegation being led by Dr. Hussain Niyaaz, Secretary of Economic and Development Cooperation.
The session, which runs from 22-26 April 2024, is themed "Leveraging digital innovation...
Gov’t Confident of Completion of Passenger Terminal by September
Minister of Economic Development and Trade Mohamed Saeed has expressed optimism about completing the new passenger terminal at Velana International Airport (VIA) by September.
In a recent address on PSM News, Minister Saeed underscored the government's commitment to advancing the airport's developmental agenda. He acknowledged the project's initiation under the administration of former...
Several Prominent Business Tycoons Secure Seats in Maldives Parliament
Several prominent businessmen such as Jumhooree Party (JP) leader Gasim Ibrahim, ‘Sun Travel’ Ahmed Siyam Mohamed, and ‘Red Wave’ Ahmed Saleem retained their seats for a fourth consecutive term during Sunday’s parliamentary elections.
Ahmed Saleem who heads the supermarket chain “Redwave” retained his seat in Baa Atoll Eydhafushi constituency. His son, Ibrahim Naufal,...
Maldives Government Pledges to Cut Plastic by 60% within next 16 years
In honour of Earth Day 2024, the Maldives government has pledged to reduce plastic production by 60% by 2040, aligning with global efforts to combat the scourge of plastic waste.
The announcement was made by the Ministry of Climate Change, Environment and Energy in a statement shared today on the social media platform X....
Maldivian to Start Weekly Flights to Colombo This Thursday
Maldivian Airlines is set to launch its weekly flights to Colombo, starting this Thursday, in a move aimed at enhancing connectivity between the Maldives and Sri Lanka.
The airline will operate flights to Colombo every Thursday and Saturday.
With competitive fares starting from USD 165 (subject to terms and conditions),...
UNESCAP’s 80th Commission Session in Bangkok Kicks Off Today
The 80th Commission Session of the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) commenced today in Bangkok, attracting delegates from various nations. Among them is a delegation from the Maldives, led by Dr. Hussain Niyaaz, Secretary of Economic and Development Cooperation at the Ministry of Foreign Affairs.
https://twitter.com/MDVinThailand/status/1782338163803087272
Velana International Airport to Host Air Service World Congress 2024 in July
Velana International Airport (VIA) is set to be the official host of the prestigious Air Service World Congress 2024, marking the first time the Maldives will welcome this esteemed global event. This announcement comes with great anticipation, following the successful conclusion of the Air Service World Congress 2023 in Oakland, San Francisco Bay Area, where Velana International...
Embracing Modern HR Practices: Transforming Corporate Culture in the Maldives
The Maldives, with its thriving tourism industry and tight-knit island communities, has the potential to significantly enhance its corporate culture. By adopting modern Human Resources (HR) practices from around the world, Maldivian businesses can boost employee engagement, productivity, and innovation. Let's explore these practices and how to tailor them to the unique Maldivian workplace.
Gov’t Slashes Spending by 19%
The government has revealed a significant decrease in its expenditure for the year thus far, with spending down 19% compared to the same period in the previous year. This is according to the Ministry of Finance's latest Weekly Fiscal Development Report.
As of April 11th, the government's total expenditure stands at MVR 11.6 billion,...
Gov’t Exceeds Budgeted Compensation Payments
The government has disbursed over MVR 107.4 million in compensation payments as of April 11th, exceeding the MVR 101 million allocated for the year in the state budget. This figure marks an increase from the MVR 99.5 million spent during the corresponding period in the previous year.
According to the Ministry of Finance's Weekly...
Hithadhoo Port Set for Major Transformation in Addu City
The Maldives Ports Limited (MPL) has commenced discussions with international companies to spearhead the major development of Hithadhoo Port in Addu City. The initiative aims to transform the port and significantly bolster its capabilities.
CEO of MPL, Mohamed Wajeeh Ibrahim, held talks with senior executives from Hithadhoo Port, emphasizing the port's potential for advancement...
Gov’t Invests in Connectivity with New Airport Contracts
The government has awarded contracts for the development of Bileffahi in Shaviyani Atoll and Vilufushi Airport in Thaa Atoll, along with the survey and design of Milandhoo Airport.
Minister of State for Construction and Infrastructure, Ibrahim Nazeem, and Maldives Transport and Contracting Company (MTCC)’s Deputy Managing Director, Hassan Mughnee, signed agreements concerning the practical...
Transport Ministry Bans Heavy Vehicles During Parliamentary Elections
In preparation for the upcoming parliamentary elections, the Ministry of Transport and Civil Aviation has banned heavy vehicles from operating on the roads during the polling period.
A notice issued by the ministry, which was gazetted recently, delineates five specific categories of vehicles that fall under the ban. These categories are as follows:
LATEST ARTICLES
STO Unveils Specialized Construction Showroom in Hulhumale
State Trading Organization (STO) has unveiled a dedicated showroom catering to the construction sector in Hulhumale'. The inauguration ceremony, graced by Construction...
Ahmed Shamah Rasheed Reinstated as CEO of MIFCO Following Suspension Lift
Ahmed Shamah Rasheed, the Chief Executive Officer at the Maldives Industrial Fisheries Company (MIFCO), returned to his duties today after his weeks-long...
Gov’t Explores Ways to Strengthen Councils, Including Tourism Tax Share
Minister of Cities, Local Government and Public Works Adam Shareef has signalled potential changes to legislation that could see councils receive 10%...
Siyam Seeks $165 Million Government Loan Guarantee for Resort Development
Prominent businessman and Member of Parliament for Meedhoo Constituency Ahmed Siyam Mohamed has officially requested a USD 165 million loan guarantee from...
Muli Airport Development Enters Final Stages, Services to Begin Soon
The Meemu Atoll will soon gain much-anticipated air connectivity as the Muli Airport development project nears completion. The Muli Island Council has...
