Business

CAG of India and Auditor General of Maldives sign MOU to strengthen public audit

October 25, 2021, 20:24

Malé, Maldives - The Auditor General’s Office of the Maldives and the Comptroller and Auditor General of India signed a Memorandum of Understanding (MOU) on 24 October 2021 to strengthen… Continued

Parliament rejects motion to provide sovereign guarantee to private companies

October 25, 2021, 14:07

Malé, Maldives - The Parliament of Maldives today rejected a motion proposed to provide easy access to sovereign guarantees for large private businesses. The motion submitted by the MP for… Continued

President Solih announces nationwide housing project of MVR 1.2 billion

October 24, 2021, 14:42

HDh. Atoll, Maldives - President Ibrahim Mohamed Solih has stated that a nationwide housing project of MVR 1.2 billion is set to commence in 2022. The President stated that the… Continued

JUST IN: Construction of Hithadhoo-Maradhoo bridge commences

October 23, 2021, 21:19

Addu City, Maldives - The construction of the bridge connecting Addu City's Maradhoo and Hithadhoo, Gaukendi district have commenced today. The USD 147.1 million project to develop the roads of… Continued

India provides grant assistance of USD 2.3 million for Community Development Projects in the Maldives

October 21, 2021, 18:38

Malé, Maldives - The Maldives and India government have signed Memorandum of Understandings (MOUs) under the Indian grant assistance scheme for eight High Impact Community Development Project (HICDP) through local… Continued

Maldives prints MVR 20 notes amid low stock

October 14, 2021, 18:33

Malé, Maldives - The Maldives Monetary Authority (MMA) stated today that MVR 20 notes have been printed and brought to the country amid low stocks. MMA stated that MVR 20… Continued

MNU & Island Aviation establish a company to operate Addu flying school

October 14, 2021, 11:27

Malé, Maldives - Island Aviation (IAS) and Maldives National University (MNU) today signed a Memorandum of Understanding (MOU) to form a joint venture company to establish a Flight Training School… Continued

JUST IN: First 20 ambulances by STO arrive in Malé

October 13, 2021, 17:48

Malé, Maldives - STO states that the first shipment of ambulances to be brought to the Maldives under the MOU between the company and the government have arrived in the… Continued

September 2021 revenue increase by 133.5 percent from last year

October 12, 2021, 18:47

Malé, Maldives – Maldives Inland Revenue Authority (MIRA) reveals that the revenue collected for September 2021 is 133.5 percent compared to September 2020. MIRA states that this is mainly due… Continued

Addu flying school to reopen with a European academy in December 2021

October 10, 2021, 16:47

Malé, Maldives - The President of Maldives Ibrahim Mohamed Solih has said that the Addu flying school will be reopened under the joint venture between Maldives National University (MNU), Island… Continued