Business

Discussions of digital currency creation ongoing: MMA

May 30, 2023, 12:24

Maldives Monetary Authority’s Deputy Governor Ahmed Imad has said that 94 percent of the currency used in Maldives can be used digitally and discussions are underway at various levels to… Continued

President Solih announces comprehensive national fertility care program in the Maldives

May 29, 2023, 15:25

President Ibrahim Mohamed Solih announced on Monday that his administration is taking necessary measures to introduce a comprehensive national fertility care program. The announcement was made during the opening ceremony… Continued

Beond apologizes for claiming national airline status

May 29, 2023, 08:49

Beond has not been granted national airline status and has not had such consultations with any agency, the new luxury start-up airline has said. The airline said in a statement… Continued

Two more passports seized in connection with K Park apartment scam

May 11, 2023, 08:48

Two more peoples passports have been seized in connection with the fraudulent sale of K Park apartments in Hulhumalé. The passport of Hassan Mamdooh (Mande), who holds a minority stake… Continued

Pay harmonization will bring positive changes to council staff: Finance

April 27, 2023, 07:28

The salaries of administrative employees of local councils will also be changed when equalizing the salaries of government employees, the Finance Ministry has said. The councils have been passing resolutions… Continued

Records of plastic bag fees should be kept: MIRA

April 18, 2023, 14:05

Maldives Inland Revenue Authority has formulated a record keeping regulation to ensure that records are kept along with the quantity and price of all plastic bags sold and distributed free… Continued

Projects will go ahead even if AFCONS is sold: Gov’t

April 13, 2023, 14:15

Malé, Maldives - The sale of AFCONS Infrastructure will not affect the company's projects in Maldives, the government said today. Indian medias have reported that Shapoorji Pallonji (SP) Group is… Continued

SP Group to sell its holdings in AFCONS Infrastructure Ltd

April 12, 2023, 21:58

India - Shapoorji Pallonji Group, controlled by billionaire Shapoor Mistry, is working with an adviser to seek buyer for its holdings in Afcons Infrastructure Ltd., a Mumbai-based infrastructure construction company.… Continued

Emergency motion on FENAKA debt issue kicked out of parliament

April 11, 2023, 12:02

Malé, Maldives - The oppositions emergency motion in the case of debts owed by FENAKA to various local companies has been kicked out of Parliament today. Maduvari MP and PNC… Continued

CMDA advises to avoid investing in funds not registered with the authority

April 9, 2023, 08:14

Malé, Maldives - The Capital Market Development Authority (CMDA) has again advised against investing in funds that are not registered with the CMDA. CMDA has issued another such appeal at… Continued