Business

Hanimaadhoo Airport will be run by Maldivians, no foreign military: President Solih

July 19, 2021, 10:38

Malé, Maldives - President Ibrahim Mohamed Solih on Sunday stated that the Airport currently under development in Hanimaadhoo, Haa Dhaalu Atoll will be run by locals and that there will… Continued

STELCO tests Malé, Hulhulé, Hulhumalé electricity interconnection project

July 19, 2021, 10:01

Malé, Maldives - State Electric Company Limited (STELCO) on Sunday, tested the interconnection project to connect the electricity of Malé, Hulhulé and Hulhumalé with a single network, for the first… Continued

BML announces increases in USD transaction limits

July 17, 2021, 15:59

Malé, Maldives - Bank of Maldives (BML) has increased the foreign transaction limit on BML credit cards effective 17 July 2021. The Bank made this decision after continuously assessing the… Continued

BML increases card limit on foreign transactions

July 15, 2021, 13:40

Malé, Maldives - Bank of Maldives on Thursday, announced their plans to increase the credit card limit on foreign transactions, after previously lowering it due to the Covid-19 pandemic. The… Continued

Visit Maldives commence marketing campaign with InsideFlyer

July 13, 2021, 11:45

Visit Maldives on Tuesday announced the commemoration of a week-long marketing campaign titled 'Return to Maldives' with InsideFlyer magazine starting from July 12, 2021. Targetting frequent, premium travellers from the… Continued

Government borrows USD 50 million loan from Kuwait for VIA project

July 12, 2021, 15:15

Male', Maldives - Government of Maldives obtains an additional loan of USD 50 million from Kuwait for the Expansion & Upgrading of Velana International Airport (VIA) Project. At the ceremony… Continued

MIRA collects MVR 1.19 billion as revenue in June 2021

July 12, 2021, 12:40

Male', Maldives -Maldives Inland Revenue Authority (MIRA) reveals that they have collected MVR 1.19 billion as revenue in June 2021, including all USD collections. The monthly revenue collection report states that… Continued

Additional bonds to be sold by the end of 2021: Minister Ameer

July 10, 2021, 17:08

Male', Maldives - Finance Minister of Maldives, Ibrahim Ameer stated that they will be selling additional bonds by the end of this year. Speaking at an interview with local media… Continued

BCC launches workspace for freelancers & start-ups

July 10, 2021, 12:50

Malé , Maldives - Business Center Coorporation (BCC) on Friday, opened a special workspace in Malé, designated for freelancers and start-ups. Economic Minister Fayyaz Ismail officially opened the work space,… Continued

Finance Ministry raises salary of state company’s MD & DMD

July 9, 2021, 12:29

Male', Maldives - Finance Ministry on Friday raises the salary of Managing Director's (MD) and Deputy Managing Director's (DMD) of the state companies of Maldives. A copy of the revised… Continued