Business

MTCC reports highest ever revenue and profit generated in 40 years

February 2, 2021, 15:42

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

February 1, 2021, 18:58

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

February 1, 2021, 16:57

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

Ooredoo generates a profit of MVR 407 million in 2020

February 1, 2021, 14:01

Male', Maldives - Ooredoo Maldives has released its fourth quarterly report for the year ended 2020. Ooredoo reported MVR 402 million in revenue in the fourth quarter (Q4) of 2020.… Continued

BML reports net loss of MVR 326 million in the fourth quarter of 2020

January 31, 2021, 15:30

Bank of Maldives (BML) has released its fourth quarterly report for the year ended 2020. The fourth quarter (Q4) of 2020 generated a gross income of MVR 728 million and… Continued

STO saw a 15% increase in profits in the final quarter of 2020

January 30, 2021, 21:30

The Quarterly Report for the fourth quarter of 2020 of State Trading Organization PLC (STO) has been released on the company’s website.  The fourth quarter (Q4) of 2020 of STO… Continued

Total government debt (excluding gov guaranteed debt) at MVR 63.6 billion – MMA

January 30, 2021, 19:35

Malé, Maldives - According to the Economic Update released by Maldives Monetary Authority, the total government debt (excluding government guaranteed debt) amounted to MVR 63.6 billion at the end of… Continued

Saudi Arabia unveils THE LINE – A city of million residents with zero carbon emissions

January 30, 2021, 13:45

NEOM, Saudi Arabia - Saudi Arabia's newly unveiled smart city 'THE LINE' has promised a pedestrian-first approach which ensures communities are built around people, not cars, with essential services and… Continued

Government seeks parties to develop four airports in the Maldives

January 29, 2021, 15:53

Male', Maldives - The government of Maldives has made an announcement on Thursday night, opening up the opportunity for interested parties, to develop four airports in the country. According to… Continued

SDFC grants loans worth MVR 351.8 million to small businesses

January 29, 2021, 14:34

Male', Maldives - SME Development Finance Corporation (SDFC) has granted loans worth MVR 351.8 million to small and middle class businesses in association with the Finance Ministry as part of… Continued