Business

Occupancy rate in April 2021 increased by 51% compared to 2020

June 5, 2021, 17:27

Malé, Maldives — Maldives Monetary Authority (MMA) has revealed that the occupancy rate in the tourism sector of Maldives has increased to 51% in April 2021 compared to the same… Continued

Total revenue increased by 24% in 1st Quarter of 2021: MMA

June 5, 2021, 17:00

Malé, Maldives — The Maldives Monetary Authority (MMA) has informed that the total revenue has increased by 24% in March 2021 compared to the same period last year. MMA has… Continued

Developing assistance stimulus for SME’s: Minister Fayyaz

June 3, 2021, 15:16

Male' Maldives - Minister of Economic Development Fayyaz Ismail revealed on Wednesday that assistance stimulus for Small and Medium Enterprises (SMEs) was under development. Making the announcement via Twitter, the… Continued

Bank of Maldives and HDC sign MoU to operate City Bike Project in Hulhumalé

June 3, 2021, 14:35

Malé, Maldives - Bank of Maldives (BML) has signed a Memorandum of Understanding (MOU) with Housing Developing Corporation (HDC) to implement and operate a city bike rental project in Hulhumalé.… Continued

Indian consulate in Addu City; A possible “safe house” for Indian spies?

June 3, 2021, 13:58

Recently the union cabinet of India, chaired by Prime Minister Narendra Modi, has approved the opening of the first consulate in Addu City, the southernmost city of Maldives. “Opening of a consulate general… Continued

Over 64,000 tourists arrived in Maldives in May 2021

June 3, 2021, 11:09

Malé, Maldives - 64,613 tourists arrived in the Maldives in May 2021. With this addition, the total tourist arrivals to the destination is now at 454,383. While this is a… Continued

Maldives-Dhaka flights to be temporarily suspended once again

June 2, 2021, 19:01

Malé, Maldives - The national airline of Maldives, Maldivian has decided to temporarily suspend all flights from Maldives to Dhaka, the capital of Bangladesh until further notice. Maldivian stated that… Continued

Gili Lankanfushi Resort fined for sandbank destruction

May 30, 2021, 20:16

Malé, Maldives - Environmental Protection Agency (EPA) has fined Gili Lankanfushi Resort for attempting to destroy the sandbank between the resort and K. Himmafushi. According to the statement released by… Continued

MVR 921 million in Green Fund by end of March 2021

May 30, 2021, 14:44

Malé, Maldives – The Finance Ministry of Maldives has revealed that by the end of March 2021, the balance of the Green Fund was at MVR 921.84 million. The latest statistics… Continued

Housing project of USD 140 million awarded to Indian company with no experience

May 30, 2021, 14:16

Male', Maldives --The Ministry of National Planning, Housing & Infrastructure has awarded an Indian company with no experience in housing with a housing project worth USD 140 million. Under the housing policy of… Continued