Councils to form local authority companies

Malé, Maldives - Councils can now apply to form local authority companies and conduct business according to a new regulation gazetted today. The new regulation allows Local Councils to partner… Continued

STO secures loan of USD 25 million from HSBC

Malé, Maldives – STO has secured a loan of USD 25 million from Hongkong and Shanghai Banking Corporation through sovereign guarantee. The sovereign guarantee was given on 31 January 2021… Continued