Lowest deflation rate recorded in June 2020
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
Business
Maldives GDP dropped to -29.3% in 2020 – lowest in recent history
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
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
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
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
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
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
MTCC reports highest ever revenue and profit generated in 40 years
Male', Maldives - Despite the negative impact on some profit making divisions due to the pandemic, in 2020, MTCC recorded the highest revenue and profit figures in its 40 years… Continued
BML expands deposit and payment services with 100 more cash agents
Male', Maldives -Bank of Maldives (BML) has revealed today that they will expand their deposit and payment services with an additional 100 cash agents throughout the Maldives. Cash Agents were… Continued
Dhiraagu profits soar by 19% in final quarter of 2020
Male', Maldives - Dhiraagu generated a Net Profit of MVR 188 million in fourth quarter (Q4) of 2020, a 19% increase compared to Q3 of 2020 Revenue generated in Q4… Continued
More News
