Business

Will double revenue to MVR 45 billion by 2028: President Solih

February 7, 2023, 09:03

Malé, Maldives - President Ibrahim Mohamed Solih has said that government revenue is expected to double to MVR 45 billion in 2028. Delivering his Presidential Address yesterday, President Solih shed… Continued

MNP raises concern over 99-year land allocation to foreigners

February 6, 2023, 09:35

Malé, Maldives - Maldives National Party (MNP) has expressed concern over the 99-year lease of land to foreigners from K. Thilafushi for industrial purposes. The HDC announced the sale of… Continued

High Court upholds Information Commissioner’s decision to release BML’s salary details

February 6, 2023, 09:05

Malé, Maldives - The High Court today upheld the right to information applicable to state-owned companies and the order to disclose information about the Bank of Maldives (BML). In September… Continued

Charge against Nizar dismissed after BML received repayment of loan

February 4, 2023, 11:15

Malé, Maldives - Civil Court of Maldives has dismissed the lawsuit against Addu City mayor Ali Nizar by Bank of Maldives (BML) for failing to repay an MVR 1.2 million… Continued

Reollo Investment to acquire Shangri-La’s Villingili Resort

January 26, 2023, 08:50

Malé, Maldives - Reollo Investment Pvt Ltd has expressed interest in buying the Shangri-La's Villingili Resort & Spa, Maldives in Addu City, which has been closed for nearly three years.… Continued

Kings Capital accounts deactivated by BML illegally: Civil Court

January 26, 2023, 07:38

Malé, Maldives - Bank of Maldives (BML) illegally seized the bank accounts of Kings Capital, which allegedly extorted money from many people, and the company will have the right to… Continued

Maldivian to stop accepting expired ID’s for domestic travel

January 25, 2023, 12:26

Malé, Maldives - Island Aviation will not accept ID cards and other such documents on domestic flights from 22nd of next month if they have expired. Maldivian, operated by Island… Continued

Gan International Airport development project: Notification of Intention to Award issued

January 25, 2023, 08:26

Malé, Maldives - Ministry of Economic Development has announced that notification of Intention to Award has been issued yesterday to the winning bidder for the Gan International Airport development project.… Continued

Talks of debt is to hinder development: Minister Fayyaz

January 19, 2023, 08:57

Hanimaadhoo, Maldives - Minister of Economic Development Fayyaz Ismail has said that debt is being talked about for the purpose of hindering the development works of the government. Speaking at… Continued

Hanimaadhoo International Airport expansion project inaugurated

January 19, 2023, 08:28

Hanimaadhoo, Maldives - Hanimaadhoo International Airport expansion project has been inaugurated by by President Ibrahim Mohamed Solih and the Minister of External Affairs of the Republic of India, Dr Subrahmanyam… Continued