STO secures loan of USD 25 million from HSBC
Malé, Maldives – STO has secured a loan of USD 25 million from Hongkong and Shanghai Banking Corporation through sovereign guarantee. The sovereign guarantee was given on 31 January 2021… Continued
Business
MVR 30 water meter charge abolished
Addu City, Maldives - FENAKA Maldives has announced that the MVR 30 water meter charge which they have been taking until now has been abolished by the president. Speaking at… Continued
MTCC awarded to re-develop Hithadhoo Port
Addu City, Maldives - Re-development of Hithadhoo Regional Port (HPL) has been awarded to Maldives Transport and Contracting Company (MTCC). According to the details received by ‘The Times of Addu’,… Continued
BML to propose disbursing MVR 80.7 million in dividends for 2020
Malé, Maldives - Bank of Maldives (BML) has announced that the banks Board of Directors has recommended to propose to shareholders, a first and final dividend of MVR 80.7 million… Continued
MIB introduces VISA debit card
Malé, Maldives - Maldives Islamic Bank (MIB) has introduced VISA debit cards. According to MIB their VISA debit cards will allow their customers to make payments at any domestic POS… Continued
Economy recovering faster than estimated: Government
Male’, Maldives - President's Office Spokesperson Mohamed Mabrook Azeez stated that the economy of Maldives is recovering at a faster rate than forecasted after the downturn that Maldives faced due to… Continued
MMPRC’s fraud slowly getting forgotten: Muizzu
Malé, Maldives – Former Prosecutor General Ahmed Muizzu has stated that the Maldives Marketing and Public Relations Corporation (MMPRC)'s fraud case is gradually being forgotten, and that Parliament Members do no… Continued
Many cafés will go bankrupt after Ramadan: RAM
Malé, Maldives – The Restaurant Association of Maldives (RAM) has stated that due to various restrictions imposed by the government in light of Covid-19, an estimated 40% of cafés and restaurants will… Continued
Maldives to settle USD 200 million Islamic bond next month
Dubai, UAE - USD 200 million islamic bond which is a budgeted revenue stream to bring in needed cash flow for the government to finance the 2021 budget is to… Continued
Real GDP projected to grow by 13.5% in 2021
Malé, Maldives - Maldives Monetary Authority (MMA) has stated that the real Gross Domestic Product is projected to grow by 13.5 percent in 2021. This comes while Finance Minister, Ibrahim… Continued
More News
