Business

Online application made available for SDFC loans

November 15, 2020, 19:23

Male', Maldives - SME Development Finance Corporation (SDFC) has announced that loan applications can be done online now. In an announcement made by SDFC, the company said that applications for… Continued

No plans to take tolls on bridge: Minister Nahula

November 15, 2020, 18:28

Male’, Maldives - Minister of Transport and Civil Aviation, Aishath Nahula has told that the government had no intention of collecting toll from the Sinamale’ bridge which connects Male’-Hulhule’-Hulhumale’. Minister… Continued

Telecom prices to drop with new company

November 15, 2020, 10:00

Malé, Maldives — The Economic Minister of Maldives, Fayyaz Ismail stated that they expect the pricing of telecom services to get cheaper as the government has decided give another company… Continued

What Fitch Rating downgrade means and why it matters

November 15, 2020, 09:00

Standard & Poor's (S&P), Moody's, and Fitch Ratings are the three most influential agencies when it comes to assessing risk of default when extending lines of credit. Fitch offers a Long-term Foreign-currency Issuer… Continued

Sri Lankan Customs release Maldivian fish shipment

November 14, 2020, 22:00

Colombo, Sri Lanka - Sri Lankan Customs has released the Maldivian fish shipment which got stuck after the authorities revised their import regulations. Foreign Ministry of Maldives had told that… Continued

Minister Shahid calls to postpone loan repayment

November 14, 2020, 16:33

Male', Maldives - Minister of Foreign Affairs, Abdulla Shahid has requested to postpone repayment of loans taken by the Maldivian government till the end of 2021. Minister Shahid called out… Continued

Airports to be built in three different atolls of Maldives

November 13, 2020, 23:30

Male’, Maldives – Ministry of Transport and Civil Aviation has announced that new airports would be built in Bilehffahi island of Shaviyani Atoll, Muli of Meemu Atoll and in Thulhaadhoo… Continued

Aasandha will not be given to people in other insurance schemes

November 13, 2020, 17:45

Male’, Maldives – The government has decided that individuals that have signed up for other private insurance schemes will not receive Aasandha benefits. This decision is an attempt to lower Aasandha… Continued

Ooredoo opens pre-order for iPhone 12

November 13, 2020, 16:45

Malé, Maldives— One of the mobile operators of Maldives, Ooredoo Maldives has opened pre-order and delivery service for nationwide for the phones, iPhone 12 Pro Max and iPhone mini. On Thursday,… Continued

Gulf Craft to invest USD 400 Million in Maldives

November 13, 2020, 14:22

Male’, Maldives –  United Arab Emirates based luxury yacht and fiberglass boat manufacturer Gulf Craft has announced to invest around $300Million - $400Million (MVR4.6 Billion - MVR6.1 Billion) in the… Continued