Business

Maldives introduces currency symbol for Dhivehi Rufiyaa

July 3, 2022, 15:44

Malé, Maldives - Maldives Monetary Authority (MMA) on Sunday revealed the official currency symbol for the Maldivian currency Dhivehi Rufiyaa at a ceremony held at MMA headquarters. The symbol was… Continued

Maldives discontinues the Floating City project

June 22, 2022, 13:27

Malé, Maldives - Speaker of the Maldives Parliament and former President Mohamed Nasheed allegedly stated on Wednesday that the incumbent government is deliberately blocking the Maldives Floating City (MFC) since… Continued

Addu City’s Villingili Resort and Spa up for sale!

June 21, 2022, 22:28

Addu City, Maldives - Shangri-La's Villingili Resort and Spa, the most luxurious hotel brand located in Addu atoll, has been opened to investors up for acquisition, after having its operations… Continued

MTCC expands payment options for public buses starting August 2022

June 20, 2022, 14:29

Malé, Maldives - CEO of Maldives Transport & Contracting Company (MTCC) Adam Azim on Monday stated that starting August 2022, Bank of Maldives (BML) touch and go cards and QR… Continued

High speed ferry service, the backbone of development – President Solih

June 13, 2022, 10:05

Malé, Maldives - Rajje Transport Link (RTL), a high speed ferry service across the nation, will become the backbone of national development and substantial to its decentralization, affirms President Ibrahim… Continued

World Bank revises GDP growth forecast for Maldives

June 8, 2022, 17:57

Malé, Maldives - In the most recent "Global Economic Prospects" published by World Bank, Maldives' GDP growth forecast for the year 2022 has been decreased. As per table 2.5.2 of… Continued

Finance Minister to be questioned regarding state reserve

June 8, 2022, 08:59

Malé, Maldives - A motion to question Minister of Finance Ibrahim Ameer has been submitted to the Parliament. The motion was filed by Member of Parliament representing North Galolhu constituency… Continued

Deputy Speaker to question Finance Minister regarding the Maldives’ financial status

June 7, 2022, 14:20

Malé, Maldives - Deputy Speaker of the Maldives Parliament Eva Abdulla on Tuesday proposed questions for Finance Minister Ibrahim Ameer regarding the monetary reserve of the Maldives. MP Eva has… Continued

No concerns regarding Maldives’ economic trajectory: Exim Bank

June 7, 2022, 12:20

Mumbai, India - Indian owned Exim bank - which has extended billions of dollars of the Maldives as part of it's line of credit - has expressed confidence in the… Continued

Afcons guarantees work completion on time

June 6, 2022, 12:58

Mumbai, Maldives - Indian engineering and construction company Afcons Infrastructure Limited has assured Maldives that the company will complete all work in accordance with the promised timeline. Adding to his… Continued