Business

#NetuHeyo: Broadband throttle speed set at minimum 2 Mbps

May 27, 2021, 10:19

Malé, Maldives - The government has announced reduced internet packages for residential broadband starting from 1 July 2021 and mobile data starting from 1 October 2021. The government has reduced… Continued

Moody’s warns Maldives over potential difficulties in obtaining loans

May 26, 2021, 15:51

Malé, Maldives - International Credit Rating Agency Moody's has stated that Maldives will face difficulties in procuring loans in the coming years due to the increased debt of the country.… Continued

Addu businesses will prosper with Indian consulate: MP Aslam

May 26, 2021, 10:15

Addu City, Maldives - Hithadhoo North Constituency parliamentarian, Mohamed Aslam has said that establishing and Indian consulate in Addu City would held businesses to flourish in Addu. In a tweet… Continued

COVID-19: Utilities bills to be discounted between 20% to 40%

May 26, 2021, 09:18

Malé, Maldives - President Ibrahim Mohamed Solih has announced that government would give discounts in water and electricity bills for next month to all households and businesses of Maldives. Speaking… Continued

Medical student loans waived off by Villa Foundation

May 25, 2021, 19:50

Malé, Maldives –  Maldivian business magnate Qasim Ibrahim has waived off the loans given to students pursuing higher education in the health sector by Villa Foundation. The Jumhoory Party leader and… Continued

Reduced internet price announcement delayed

May 24, 2021, 14:37

Malé, Maldives – Reduced internet prices which were to be announced in a virtual ceremony by the President’s Office today, has been delayed to tomorrow according to the Tech. Ministry.… Continued

MVR 3 billion reported as import revenue in April 2021

May 18, 2021, 14:20

Malé, Maldives - Maldives Customs Service states that there has been an increase of 67 percent in import revenue for April 2021 compared to the same period of last year.… Continued

Ignorance is bliss, political hypocrisy is euphoric

May 15, 2021, 13:11

Maldivians have seen and navigated through rough seas, whether political, social or any other form of obstacle put before them, but last week has been so far one of the… Continued

Champa Brothers investigated for alleged laundering USD 3.5 million

May 15, 2021, 13:07

Malé, Maldives - Local news "Mihaaru" reports that the Asset Recovery Commission is investigating Champa Brothers for money laundering charges regarding USD 3.5 million (MVR 54 million) related to the… Continued

Covid-19 Dhifaau: Two doses given to 48% tourism workers

May 14, 2021, 15:06

Maldives - Ministry of Tourism has revealed that 48 percent of workers in tourism were administered the two doses of Covid-19 vaccine. The tourism update made on May 11 by… Continued