Business

BML to propose disbursing MVR 80.7 million in dividends for 2020

April 1, 2021, 21:00

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

April 1, 2021, 19:31

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

April 1, 2021, 10:02

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

March 30, 2021, 23:37

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

March 30, 2021, 23:17

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

March 30, 2021, 20:24

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

March 30, 2021, 18:35

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

High court repeals sentence mandating state to pay MVR 78 million to Vimla

March 29, 2021, 22:10

Malé, Maldives – An earlier sentencing to the state to pay Vimla Construction MVR 78 million for the homes they built after the 2004 tsunami disaster, has been annulled by the… Continued

Summer Island Maldive’s 3D Printed Coral Reef makes its way to Guinness World Record Book

March 29, 2021, 18:56

Male', Maldives —The "3D Printed Coral Reef" in the Summer Island Maldives resort in Maldives has made its way to the Guinness World Record Book for being known as the… Continued

Health Ministry was told to axe ventilator contract and recover money through arbitration in October 2020

March 29, 2021, 18:09

Malé, Maldives - Finance Ministry of Maldives has given the directive to Health Ministry to annul the agreement made between the ministry and Dubai’s Executors General Trading LLC for the purchase… Continued