Business

New daily record for 2021 set with 5,100 tourist arrivals

February 21, 2021, 20:37

Malé, Maldives – Ministry of Tourism of Maldives has revealed that a new daily arrivals record has been made in the Maldives this year, having have welcomed more than 5,100 tourists… Continued

MSS announces LCL cargo service from Tuticorin to Addu and Thinadhoo

February 19, 2021, 17:07

Addu City, Maldives — Maldives State Shipping (MSS) has informed that Less than Container Load (LCL) cargoes for both dry and reefer containers will be accepted at Tuticorin for Addu and… Continued

MIRA collects MVR 108 million as revenue in 2nd week of February

February 19, 2021, 15:52

Malé, Maldives – Maldives Inland Revenue Authority has said that the authority had collected MVR 108,504,405.36 (USD 7,042,354.73) in second week of February 2021 as revenue. According to the weekly revenue… Continued

Government expenditure on Covid-19 surpasses MVR 3 Billion!

February 18, 2021, 11:09

Male', Maldives - As of the 6th week of 2021, the Maldivian government spent a cumulative MVR 1482.2 million towards Covid-19 Total Health & Social Spending.  Week by week spending… Continued

Government refuses to disclose vaccine deal value

February 17, 2021, 21:43

Malé, Maldives – Ministry of Health has refused to disclose the value of a deal with Singaporean company to purchase 700,000 doses of Covid-19 vaccines for Maldives. Local news outlet… Continued

Ooredoo AGM to be held on March 2nd

February 16, 2021, 17:54

Malé, Maldives - Ooredoo Maldives Plc has announced that their Annual General Meeting for the year 2020 is scheduled to be held on March 2nd. The meeting is to be… Continued

MVR 809 million in Green Fund at the end of 2020

February 15, 2021, 14:43

Malé, Maldives - Statistics released by the Finance Ministry show that the balance in Green Fund at the end of 2020 to be MVR 809 million. According to the records,… Continued

Are global economies de-dollarizing?

February 15, 2021, 11:40

De-dollarization is a global trend in which currencies other than the US dollar are used in trading commodities such as oil and gas, purchasing US dollars for foreign exchange reserves… Continued

MVR 1.7 Billion collected in revenues during January 2021

February 11, 2021, 18:58

Malé, Maldives - Maldives Inland Revenue Authority has said that the authority had collected MVR 1,786,971,799.48 (USD 115,886,627.72) in January 2021 as revenue. According to MIRA, this is 1.2 percent… Continued

Enter STO Ramadan Bazaar lucky draw and win amazing prizes

February 11, 2021, 14:45

Malé, Maldives - State Trading Organisation (STO) has begun a lucky draw today, as part of its Ramadan Bazaar Promotion offering customers the chance to win expensive prizes. STO revealed… Continued