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

MVR 30 water meter charge abolished

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

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

MIB introduces VISA debit card

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