Business

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

Gov’t will not make the economy worse: President’s Office

April 6, 2023, 14:28

Malé, Maldives - Spokesperson of President’s Office, Miuvan Mohammed has said that the government will not do anything that will worsen the economic situation in the country. Miuvan said this… Continued

Empowering SMEs for Diversified and Resilient Economy

April 5, 2023, 07:59

Small and medium-sized enterprises (SMEs) are a vital part of the Maldives' economy, accounting for over 90% of registered businesses and providing more than 60% of the country's jobs according… Continued

Concerns over Hankede project contract awarded to World Bank-sanctioned Chinese company

March 31, 2023, 15:12

Malé, Maldives - According to the World Bank's press release on October 28, 2020, China National Electric Engineering Company Limited (CNEEC) was sanctioned for 18 months along with another Chinese… Continued

Long awaited Hankede development awarded to Chinese company

March 31, 2023, 08:36

Malé, Maldives - The Maldives Fund Management Corporation (MFMC) has awarded the contract to a Chinese company to develop Hankede, Addu City, for an integrated tourism concept. The contact signing… Continued

ADB, Maldives sign $41M finance package to support SME & tourism firms

March 30, 2023, 13:53

The Asian Development Bank (ADB) signed a $41 million financing package with the Bank of Maldives (BML) on Tuesday to support locally owned small and medium-sized enterprises (SMEs) and tourism… Continued

Role of Strong Public Transport for Maldives’ Sustainable Development

March 29, 2023, 14:27

Maldives is a small archipelagic nation with a dispersed population, where the majority of the people live in the capital city, Male. The country has been experiencing rapid urbanization and… Continued

PCB defends decision to remove Amru from STO

March 28, 2023, 11:30

Malé, Maldives - The Privatization Corporatization Board (PCB) has responded to criticism of its decision to remove the Managing Director of State Trading Organization (STO), Hussain Amru. In a statement,… Continued