Business

Palm Beach Resort outs SBI’s predatory foreclosure

October 10, 2020, 09:00

Palm Beach Island Resort & Spa, Maldives - Palm Beach Island Resort and Spa has publicly raised multiple allegations against State Bank of India (SBI), based in Maldives, including unlawful… Continued

Students of AAA unable to fly – licenses in limbo

October 9, 2020, 16:01

Addu City, Maldives - The budding higher education system of Maldives takes pride in the progress which the country has made over the years, having have established multiple universities and… Continued

Large infrastructure investments should be postponed: World Bank

October 9, 2020, 14:30

Washington DC, USA - The World Bank has said that postponing large public infrastructure investments that are not urgently needed would help address Maldives fiscal and debt sustainability risks amid… Continued

“Fenaka Institute for Training and Research” launched

October 9, 2020, 11:30

Male', Maldives - Fenaka Corporation Limited has launched their staff training and development center under the name Fenaka Institute for Training and Research yesterday. Fenaka said that this institute is… Continued

BML unblocks PayPal in Maldives

October 8, 2020, 18:30

Male', Maldives - Bank of Maldives (BML) has unblocked the worldwide online payment system, PayPal, after blocking the system following unusual and unauthorized deductions from the Banks' customers through PayPal. Speaking… Continued

International cargo shipping starting to Addu and Huvadhoo

October 8, 2020, 17:30

Male', Maldives - Presidents Office has announced that the government has made the necessary arrangements for cargo ships to operate directly from India to Addu City and Huvadhoo atoll. These… Continued

Mahaa Jaraafu boasts with 100% Maldivian crew

October 7, 2020, 22:00

Male', Maldives - Maldives Transport and Contracting Company’s (MTCC) has announced that they have changed the crew of their trailing suction hopper dredger "Mahaa Jarraafu" to all Maldivians. MTCC announced… Continued

USD 520 million received as Covid-19 financing

October 7, 2020, 14:30

Male', Maldives - Minister of Finance, Ibrahim Ameer has stated that the governemnt has received a total of USD 520 million as Covid-19 financing through aid and loans from different… Continued

BML distributes MVR 532 million in loans to large businesses

October 7, 2020, 13:00

Male', Maldives - Bank of Maldives (BML) has given out MVR 532 million in loans to large enterprises which were affected by Covid-19 pandemics impact on the economy. According to… Continued

Government proposes to merge MMC and BroadCom

October 6, 2020, 19:30

Malé, Maldives — Information revealed by the The Attorney General's Office (AG) states that the government had proposed to merge Maldives Media Council (MMC) and Maldives Broadcasting Commission (BroadCom). Before AG… Continued