Business

BML adds digital wallet to mobile app enabling seamless payment without physical cards

May 23, 2022, 15:25

Malé, Maldives - Bank of Maldives today announced the launch of BML Pay wallet on its Mobile Banking app. With the upgrade, contactless payment services and wallet-to-wallet transfer services are… Continued

MFDA releases advisory amid increasing rotten egg sales

May 23, 2022, 15:13

Malé, Maldives - Maldives Food and Drug Authority (MFDA) on Monday ordered businesses to control egg storage and display expiry dates on eggs. MFDA made this decision amid increasing complaints… Continued

Contractor prequalification commences for Addu airport development project

May 21, 2022, 14:29

Malé, Maldives - EXIM Bank of India on Sunday began the contractor prequalification process to develop Addu City's Gan International Airport. The airport capacity is expected to expand to cater… Continued

Prices soar with suspension of Addu-Tuticorin cargo ferry service

May 18, 2022, 14:06

Malé, Maldives - Product prices soar in Addu City with the suspension of the Addu-Tuticorin cargo ferry service. Maldives State Shipping (MSS) stated that the cargo service was discontinued due… Continued

Exports jump by 36 percent to 231 million in April 2022

May 16, 2022, 13:33

Malé, Maldives - Statistics published by the Maldives Customs Service on Monday revealed that exports increased by 36% when compared to the same period of last year. The statistics indicate… Continued

Baby steps to developing a savings habit

May 11, 2022, 16:34

Money is always a sensitive topic to talk about. Often, most of us don’t have enough and on that note, financial planning seems to be a futile effort at managing… Continued

STO reports 23 percent increase with MVR 4 billion revenue

May 1, 2022, 13:50

Malé, Maldives - State Trading Organization on Saturday published its 1st Quarter Report of 2022, reporting a total revenue of MVR 4.04 billion which is an increase of 23% compared… Continued

MIFCO announces unlimited tuna purchase effective today

May 1, 2022, 13:20

Malé, Maldives - Maldives Industrial Fisheries Company Limited (MIFCO) on Saturday released the quota and announced unlimited tuna purchase effective 30 April 2022. MIFCO placed limits on tuna purchase on… Continued

MIFCO limits tuna purchase in the South to 7 tonnes

April 16, 2022, 15:35

Malé, Maldives - Maldives Industrial Fisheries Company Limited (MIFCO) on Saturday limited tuna purchase from the southern atolls to 7 tonnes effective tomorrow. MIFCO decided to limit the purchase of… Continued

Maldives’ economy to fully recover to pre-pandemic levels by 2023: The World Bank

April 14, 2022, 20:53

Malé, Maldives - Maldives’ economy, buoyed by a strong rebound in tourism, is projected to grow at 7.6 percent in 2022 and fully recover to pre-pandemic levels by 2023, but… Continued