Business

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

Sustainable Strategies: How the Maldives Can Improve its Tourism Sector

March 24, 2023, 12:17

The Maldives is a small island nation located in the Indian Ocean, known for its stunning beaches, crystal-clear waters, and vibrant marine life. The tourism sector is a vital part… Continued

President’s entourage went to Kuredu at the invitation of Uhchu: MP Niyaz

March 20, 2023, 07:35

Malé, Maldives - Some of President Ibrahim Mohammed Solih's close associates met with businessman Champa Mohammed (Uhchu) Moosa at his invitation before the September 9 presidential election, according to Ali… Continued

Southernmost atolls ferry connection to be completed by mid-July

March 16, 2023, 10:30

Faresmaathodaa - The four southernmost atolls of the Maldives will be connected by the Raajje Transport Link (RTL) by mid-July this year, Planning Minister Mohammed Aslam has assured. Speaking at… Continued