Business

How a pandemic drove healthcare system development around Maldives

January 10, 2021, 11:43

The Covid-19 pandemic has badly shaken what was thought to be some of the best healthcare systems in the world, pointing out the many bottlenecks that have existed for years… Continued

Tourism Ministry proposes Gan Airport for establishing a leisure travel bubble to Maldives

January 7, 2021, 15:25

Male', Maldives — The Tourism Ministry of Maldives has proposed the Gan International Airport in the southernmost atoll of Maldives, Addu City to establish a travel bubble to Maldives. The… Continued

Mihad selected as new Island Aviation MD

January 6, 2021, 21:24

Male’, Maldives – The Privatization and Corporatization Board (PCB) has selected Mohamed Mihad as the new Managing Director of Island Aviation Services (IAS) - the parent company of Maldivian Airlines, the… Continued

Total exports drop by 45% in November: MMA

January 6, 2021, 16:36

Male', Maldives - Total exports in November 2020 have declined by 45 percent when compared with November 2019, according to the December 2020 Economic Update published by the Maldives Monetary… Continued

Tourism sector to be developed so that USD will go directly to citizens

January 5, 2021, 09:00

Addu City, Maldives - President Ibrahim Mohamed Solih wishes to broaden the tourism sector so that more Dollars will go to the pockets of citizens, according to the Minister of… Continued

Over MVR 578 million given as loans to large businesses

January 4, 2021, 15:37

Male’, Maldives – Bank of Maldives (BML) has released more than MVR 555.7 million in loans to large businesses under the Maldivian government’s Covid-19 recovery scheme. The Ministry of Finance has… Continued

SBI lowers card limit to USD 100 per month

January 4, 2021, 13:00

Male', Maldives - The State Bank of India (SBI)’s Maldives branch has decreased the amount of USD that can be used from the bank’s cards in foreign countries and which… Continued

Over MVR 200 Million given out as Income Support Allowance in 2020

January 2, 2021, 07:51

Male’, Maldives – The Finance Ministry of Maldives has announced that they have spent over MVR 200 Million as income support allowance to the citizens whose jobs were affected by the… Continued

Biddings open for 3 Islands & a land for developing resorts

December 28, 2020, 10:00

Male’, Maldives – The Tourism Ministry of Maldives announces that they have opened bidding for three islands and a land that has been given for the purpose of leasing, developing, operating and… Continued

MIFCO to be converted to a public limited company

December 26, 2020, 16:55

Male', Maldives - Chief Executive Officer (CEO) of Maldives Industrial Fisheries Company (MIFCO) Ismail Fauzy has stated that the company will be converted to a private limited company and that… Continued