Business

Registration of businesses offering expatriate accommodation made mandatory

October 30, 2020, 10:02

Male', Maldives - The government of Maldives has made all business activities which offer the service of arranging accommodations for expatriates to be registered mandatory. As per the regulation gazetted… Continued

MPL cleared 1,894 TEU’s last week

October 29, 2020, 11:00

Male', Maldives - Maldives Ports Limited (MPL) has announced that they had cleared a total of 1,488 containers contributing to a total of 1,894 Total Equivalent Units (TEU's) between October… Continued

Largest contributors to annual inflation are Information & Communication sector and housing rent: MMA

October 29, 2020, 09:00

Male' Maldives - Maldives Monetary Authority has stated that the largest contributors to the annual inflation rate were information and communication sector, housing rent, tobacco and vegetables. According to the… Continued

MMA signs Instant Payment System implementation agreement with Tieto Latvia SIA

October 29, 2020, 06:59

Male', Maldives - Maldives Monetory Authority (MMA) has signed an agreement with the subsidiary company of TietoEVRY, Tieto Latvia SIA to implement the Instant Payment System in Maldives. The Instant… Continued

Promotion budget for Maldives will not be lowered: Minister Mausoom

October 26, 2020, 21:00

Male', Maldives - Minister of Tourism, Dr. Abdulla Mausoom has told that the promotional budget for Maldives would not be reduced in 2021. He stated this in an interview he… Continued

MTCC makes a profit of MVR 51 million in third quarter of 2020

October 26, 2020, 20:00

Male', Maldives - Maldives Transport and Contracting Company (MTCC) has announced a profit of MVR 51 million in the third quarter of the current financial year. According to their quarterly… Continued

Additional currencies to be allowed for import transactions: MMA

October 26, 2020, 19:00

Male', Maldives - Governor of the Maldives Monetary Authority (MMA) Ali Hashim has said that the central bank is preparing to allow additional currencies to be used for import transactions… Continued

Land allocated for a shopping mall in Addu City

October 25, 2020, 17:30

Addu City, Maldives - Addu City Council has passed to allocate a land to develop a shopping mall in the district of Hithadhoo. In a council meeting today, the motion… Continued

Addu has great potential for tourism: Minister Mausoom

October 25, 2020, 16:45

Male, Maldives - The second most populous area and located at the southern most tip of the country, Addu City has a lot of potential for tourism, says Minister of… Continued

MVR 35 billion budget proposed for 2021

October 25, 2020, 12:00

Male', Maldives - Finance ministry has announced that a budget of MVR 35 billion will be submitted to the parliament for the year 2021. While this is a lower amount… Continued