Business

Action to be taken against foreign investors who don’t abide by FDI policy

February 9, 2021, 13:26

Malé, Maldives - Ministry of Economic Development has announced that the ministry would take action against foreign investors who do not abide by the Foreign Direct Investment (FDI) policy of… Continued

Ooredoo Maldives approves a dividend of MVR 2.34 per share for 2020

February 8, 2021, 20:23

Malé, Maldives - Ooredoo Maldives Plc has announced that the Board of Directors of the company has approved to recommend to the Shareholders’ for approval, a dividend of MVR 2.34… Continued

Maldives breaks record of the highest daily tourist arrivals into the country in 2021

February 8, 2021, 13:17

Malé, Maldives –  With 4,373 tourist arrivals, The Ministry of Tourism has said that the 7th of February has set the record for the highest number of tourist arrivals in… Continued

Lowest deflation rate recorded in June 2020

February 8, 2021, 10:48

Malé, Maldives - Maldives Monetary Authority (MMA) has reported that the Maldivian economy saw the lowest deflation in June 2020. In 2020, Maldives faced an economic downturn amidst the Covid-19… Continued

Maldives GDP dropped to -29.3% in 2020 – lowest in recent history

February 7, 2021, 21:02

Malé, Maldives - Maldives Monetary Authority (MMA) has reported that the Real GDP growth rate, i.e the nominal GDP adjusted for inflation, fell to -29.3 percent in 2020. According to… Continued

Funds available to turn Addu into a modern city: Minister Ameer

February 5, 2021, 22:25

Malé, Maldives – Minister of Finance Ibrahim Ameer has said that funds required for development of Addu City in to a modern city was available and that work on numerous… Continued

Economy will take 2 years to fully recover: President Solih

February 5, 2021, 13:41

Malé, Maldives - President Ibrahim Mohamed Solih Has said that judging by the current speed of recovery, the Maldivian economy will take between one to two years to fully recover.… Continued

400 housing units in islands, 8,000 units in Malé area will be developed: President Solih

February 4, 2021, 15:59

Malé, Maldives - President Ibrahim Mohamed Solih has announced that a total of 400 housing units in total in four islands and 8,000 units in Malé area would be developed this… Continued

MIFCO to increase daily fish purchases by 61 percent

February 4, 2021, 15:55

Malé, Maldives - President Ibrahim Mohamed Solih has stated that the Maldives Industrial Fisheries Company (MIFCO) would increase its daily fish purchasing by 61 percent this year. While delivering the… Continued

Ooredoo promotes Maldives in Kuwait

February 2, 2021, 18:07

Male', Maldives - Ooredoo has launched their “Visit Maldives Now” campaign in Kuwait, where they have a market share of over 2.5 million. Ooredoo Kuwait announced an exciting chance to… Continued