Business

Tourism sector to be developed so that USD will go directly to citizens

January 5, 2021, 09:00

Addu City, Maldives - President Ibrahim Mohamed Solih wishes to broaden the tourism sector so that more Dollars will go to the pockets of citizens, according to the Minister of… Continued

Over MVR 578 million given as loans to large businesses

January 4, 2021, 15:37

Male’, Maldives – Bank of Maldives (BML) has released more than MVR 555.7 million in loans to large businesses under the Maldivian government’s Covid-19 recovery scheme. The Ministry of Finance has… Continued

SBI lowers card limit to USD 100 per month

January 4, 2021, 13:00

Male', Maldives - The State Bank of India (SBI)’s Maldives branch has decreased the amount of USD that can be used from the bank’s cards in foreign countries and which… Continued

Over MVR 200 Million given out as Income Support Allowance in 2020

January 2, 2021, 07:51

Male’, Maldives – The Finance Ministry of Maldives has announced that they have spent over MVR 200 Million as income support allowance to the citizens whose jobs were affected by the… Continued

Biddings open for 3 Islands & a land for developing resorts

December 28, 2020, 10:00

Male’, Maldives – The Tourism Ministry of Maldives announces that they have opened bidding for three islands and a land that has been given for the purpose of leasing, developing, operating and… Continued

MIFCO to be converted to a public limited company

December 26, 2020, 16:55

Male', Maldives - Chief Executive Officer (CEO) of Maldives Industrial Fisheries Company (MIFCO) Ismail Fauzy has stated that the company will be converted to a private limited company and that… Continued

New CEO appointed to MPAO

December 24, 2020, 22:30

Male', Maldives - Maldives Pension Administration Office (MPAO) on Thursday, has appointed John Grindall as it's new Chief Executive Officer (CEO). Being the first foreign CEO of MPAO, Grindall has… Continued

ADK opens up new COVID-19 testing laboratory at VIA

December 24, 2020, 10:10

Male', Maldives - A new COVID-19 testing laboratory at has been opened at Velana International Airport (VIA) today, by ADK Hospital in association with Lux Resort and Trans Maldivian Airways… Continued

Authorized undeclared cash amount decreased to USD 10,000

December 23, 2020, 18:00

Male’, Maldives – Undeclared cash that can be transported in and out of Maldives has been decreased to USD 10,000. Under the law to stop money laundering and financing terrorism,… Continued

Will make Huvadhoo a business hub: Amru

December 23, 2020, 17:09

GDh.Thinadhoo, Maldives - Managing Director of State Trading Organisation (STO) Hussain Amru Mohamed Rashaad has said that their aim is to make Huvadhoo atoll a business hub. Speaking at a… Continued