Business

Finance Minister Ameer expects MVR 69 million to be spent on Covid-19 vaccines

July 8, 2021, 13:53

Malé, Maldives - Finance Minister Ibrahim Ameer on Wednesday, said that the state is expected to spend MVR 69 million (USD 4.5) on Covid-19 vaccines. Giving information to local news… Continued

Government receives MVR 119 billion in fine payments

July 8, 2021, 11:27

Malé, Maldives - The latest statistics from the Finance Ministry revealed that the government received MVR 119 million as various types of fine payments from January 1, 2021, to July… Continued

BML introduces new loan for finishing of Hiya Flats

July 6, 2021, 15:53

Malé, Maldives - Bank of Maldives (BML) has introduced a new loan scheme and financing product to support new recipients of Hiya Flats and enable them to have easy access… Continued

Carlyle Group acquires majority stakes of Trans Maldivian Airways

July 3, 2021, 12:34

Male', Maldives - Majority stakes of the world’s largest seaplane operator, Trans Maldivian Airways (TMA) have been acquired by American multinational private equity, alternative asset management and financial services corporation, the… Continued

Maldives High Court sets landmark precedent regarding tax appeals

July 3, 2021, 12:19

Male', Maldives - The High Court of Maldives has decided that public holidays will be counted in, where the duration for High Court tax appeals are concerned. Under the Administrative… Continued

161 Covid-19 relief loans issued to food establishments: Economic Minister Fayyaz

June 30, 2021, 15:51

Malé, Maldives - The Economic Minister of Maldives, Fayyaz Ismail has said that 161 Covid-19 relief loans were issues to food establishments. Minister Fayyaz said that 161 cafés and restaurants… Continued

India’s Afcons Company to receive Malé – Thilafushi bridge project

June 29, 2021, 14:38

Male', Maldives -The major project to build a bridge between the capital Male' city and Thilafushi has been decided to be given to Afcons Infrastructure Limited of India. Local Media outlet… Continued

Preparations to reduce internet prices complete: Dhiraagu & Ooredoo

June 27, 2021, 15:27

Malé, Maldives — Two major telecom companies in Maldives, Dhiraagu and Ooredoo inform that they are prepared to reduce internet prices next month. The government announced in May that internet prices… Continued

MIRA eases tax measures for businesses

June 27, 2021, 11:16

Malé, Maldives –Maldives Inland Revenue Authority (MIRA) has eased massive tax measures for businesses. To give further ease to the businesses considering the difficulties faced due to the ongoing Covid-19… Continued

Avid College inaugurates Avid School of Aviation in Addu City

June 24, 2021, 15:58

Malé, Maldives - Avid College has completed the acquisition of assets of Asian Academy of Aeronautics (AAA) in Addu City and inaugurated the Avid School of Aviation today. The two… Continued