Business

Corruption allegations are planned defamation attempts

March 5, 2021, 10:11

Malé, Maldives - FENAKA - the biggest utilities company in Maldives has said that the corruption allegations against the management of the company are planned attempts to defame the company… Continued

Grace period for BML Covid-19 loans extended

March 4, 2021, 17:16

Malé, Maldives – The repayment period of Covid-19 assistance loans issued through Bank Of Maldives (BML) has been extended by the Ministry of Finance. Loans launched with an initial grace… Continued

Shangri-La’s Villingili Resort and Canareef Resort expected to reopen this year

March 4, 2021, 09:57

Addu City, Maldives - At a meeting with the Addu Development Committee (ADC), Tourism Minister Abdulla Mausoom today has said that two resorts in Addu that have been closed for… Continued

Government debt increases to MVR 79.8 billion!

March 3, 2021, 13:53

Malé, Maldives - The Finance Ministry of Maldives has revealed that the state debt of the country has risen to MVR 79.8 billion. Statistics publicised by the Finance Ministry revealed… Continued

US Dollar price in black market drops to MVR 16

March 3, 2021, 13:41

Malé, Maldives - The price of dollars in the black market has fallen to MVR 16 after a surge in the prices was observed due to the Covid-19 pandemic. The… Continued

96,882 tourist arrivals recorded in February 2021

March 1, 2021, 20:54

Malé, Maldives – Tourism Ministry has revealed that 96,882 tourist arrivals to the Maldives have been recorded in February, 2021. The total number of tourists for 2021, up until February stood… Continued

Fayyaz appointed as acting minister for Communications Ministry

March 1, 2021, 19:57

Malé, Maldives - President, Ibrahim Mohamed Solih has assigned Minister of Economic Development, Fayyaz Ismail as the acting Minister of Communication, Science and Technology. Minister Fayyaz’s appointment comes after the… Continued

M.U.M begins campaign to end unlawful employment of foreign musicians

March 1, 2021, 19:36

Malé, Maldives - Musicians Union of Maldives (M.U.M) has commenced a campaign raising concern and requesting the government to take legal action against establishments employing foreign musicians to perform unlawfully… Continued

Muli airport development contracted for MVR 221.7 million

February 28, 2021, 20:41

Malé, Maldives - Ministry of National Planning, Housing and Infrastructure has signed an agreement with Maldives Transport and Contracting Company (MTCC) to develop an airport in M. Muli for MVR 221.7… Continued

USD 92.9 million remitted out of Maldives in 2020

February 26, 2021, 22:14

Malé, Maldives – Maldives Monetary Authority has revealed that a total of USD 92.9 million (MVR 1.43 billion) was sent out of Maldives as outward remittance. The Maldives Monetary Authority's… Continued