Business

Fuvahmulah City drops Safari docking fees from USD 500 per day

April 11, 2022, 15:19

Fuvahmulah City, Maldives - Fuvahmulah City Council on Monday stated that the southern city is dropping its docking fees for safaris starting April 21. The reviewed docking fees are based… Continued

Parliament passes the Electronic Transactions Bill

April 11, 2022, 14:58

Malé, Maldives - In a significant move, the Parliament of Maldives today passed the Electronic Transactions Bill with 44 votes. The bill sponsored by MP Abdulla Waheed of Dhidhdhoo constituency… Continued

SDFC opens loan applications for agriculture and small business

April 10, 2022, 16:25

Malé, Maldives - SME Development Finance Corporation announced for application for their ‘Dhanduveri Nafaa’ loan and ‘Viyafaari Ehee’ on Saturday. https://twitter.com/SDFC_mv/status/1512824655597342720?s=20&t=m9F3U-fivPxLhGdyAB8nfg 'Dhanduveri Nafaa' loan is a collaboration between SDFC and… Continued

Demand for water increases from islands as dry season peaks

April 10, 2022, 16:08

Malé, Maldives - Bottled water companies are shuffling to meet the demand for water as the demand increases exponentially from the islands. As the weather grows hotter at the peak… Continued

MIFCO to bring additional vessel amid escalating tuna supply in the South

April 10, 2022, 15:46

Malé, Maldives - Maldives Industrial Fisheries Company Limited (MIFCO) has decided to bring an additional vessel from abroad to meet the escalating supply of tuna from the south. The decision… Continued

High Court revokes ruling to freeze accounts related to money laundering

April 10, 2022, 15:25

Malé, Maldives - The High Court of Maldives ruled to revoke the Criminal Court's decision to freeze the bank accounts of a company under suspicion of money laundering. Criminal Court… Continued

Jack up barge Rumailah arrives in Maldives ahead of Thilamale bridge construction

April 5, 2022, 14:51

Malé, Maldives - Ministry of National Planning, Housing and Infrastructure on Tuesday confirmed that the offshore support vessel anchored east of the capital city Malé is part of the technical… Continued

R. Fuggiri for sale despite ongoing Criminal Court case

March 31, 2022, 15:15

Malé, Maldives - Tourism Ministry today announced that the current owner of R. Fuggiri island has applied to transfer their rights to another party despite the island being the centre… Continued

Finance Ministry announces tender invitation for 200 housing units in Addu & Fuvahmulah City

March 24, 2022, 21:57

Addu City, Maldives - The Maldives Ministry of Finance announced tender invitations to build 200 housing units in S. Hithadhoo and Fuvahmulah City on Thursday. The tender was announced under… Continued

MMA files police case against Alhan Fahmy for alleged Ponzi Scheme

March 21, 2022, 21:06

Malé, Maldives - The Financial Intelligence Unit (FIU) of the Maldives central bank, Maldives Monetary Authority (MMA), filed an official police case against former parliamentarian Alhan Fahmy for the alleged… Continued