Business

Migrant worker recruitment agencies submit petition over lost rights, vilification

April 7, 2021, 10:51

Malé, Maldives – Recruitment agencies that bring migrant workers into the Maldives have submitted a petition to parliament over vilification and lost rights. The petition highlights issues with the system, laws,… Continued

Consultancy work begins for Gan Airport development project

April 6, 2021, 10:42

Addu City, Maldives —The consultancy work to develop Gan International Airport in the southernmost atoll, Addu City has begun. A team from Airport Authority of India (AAI) arrived in Maldives for… Continued

Aiming for 70% of power generation to be from renewable sources: FENAKA

April 5, 2021, 14:12

Addu City, Maldives - Managing Director of FENAKA, Ahmed Saeed has told that the company aims to generate 70 percent of its electricity from renewable sources by 2025. Speaking on… Continued

Councils to form local authority companies

April 4, 2021, 16:17

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

April 4, 2021, 14:10

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

MVR 30 water meter charge abolished

April 2, 2021, 19:49

Addu City, Maldives - FENAKA Maldives has announced that the MVR 30 water meter charge which they have been taking until now has been abolished by the president. Speaking at… Continued

MTCC awarded to re-develop Hithadhoo Port

April 2, 2021, 12:57

Addu City, Maldives - Re-development of Hithadhoo Regional Port (HPL) has been awarded to Maldives Transport and Contracting Company (MTCC). According to the details received by ‘The Times of Addu’,… Continued

BML to propose disbursing MVR 80.7 million in dividends for 2020

April 1, 2021, 21:00

Malé, Maldives - Bank of Maldives (BML) has announced that the banks Board of Directors has recommended to propose to shareholders, a first and final dividend of MVR 80.7 million… Continued

MIB introduces VISA debit card

April 1, 2021, 19:31

Malé, Maldives - Maldives Islamic Bank (MIB) has introduced VISA debit cards. According to MIB their VISA debit cards will allow their customers to make payments at any domestic POS… Continued

Economy recovering faster than estimated: Government

April 1, 2021, 10:02

Male’, Maldives - President's Office Spokesperson Mohamed Mabrook Azeez stated that the economy of Maldives is recovering at a faster rate than forecasted after the downturn that Maldives faced due to… Continued