Maldivian economy contracts by 51.6 percent
Male', Maldives - According to the quarterly GDP summery of the national accounts report published by the National Bureau of Statistics (NBS), the GDP growth rate of the Maldivian economy… Continued
Business
Tourism Ministry advertises Ihavandhippolhu for investment
Ihavandhippolhu, Maldives - The Tourism Ministry has started advertising an investment opportunity for a island in Ivanadhippolhu Atoll. Tourism Ministry said in an advertisement released to social media, on Tuesday, that… Continued
Wishing for a Cochin – Addu ferry connection: MP Ahmed Rasheed
Addu City, Maldives - MP for Hithadhoo central constituency Ahmed Rasheed (CheckMark Ahmed) has said that his wish now is for a scheduled transport mechanism to be put in place… Continued
Trump paid no income tax for 10 out of 15 years since 2000: NYT
Washington D.C, United States — US President, Donald Trump has paid no federal income taxes for 10 out of 15 years since 2000, according to the New York Times. As a… Continued
Thriving of SMEs in Addu City – What could be the cause of it?
The formation of extraordinary beaches in Addu City during this quarantine has undoubtedly shown that the citizens of Addu City are extremely talented. But this is not all as these… Continued
Fish processing to restart in Kandu Oiy Giri: MIFCO
Kaafu Atoll, Maldives — Maldives Industrial Fisheries Company (MIFCO) has announced that Kandu Oiy Giri factory in Kaafu Atoll will restart processing fish in the island. MIFCO stated that this… Continued
SDFC issues loans worth MVR 283.2 million
Malé, Maldives — The SME Development Finance Corporation (SDFC) has issued loans worth MVR 283.2 million. SDFC decided to issue loans to provide help for the the businesses that were negatively… Continued
Suspicious transfers received by two banks of Maldives
Malé, Maldives — Reports revealed from International Consortium of Investigative Journalists (ICIJ) shows that suspicious payments have been transferred to two branches of the international banks operating in the Maldives. According… Continued
Discussions for moratorium of Chinese commercial loans ongoing
Male', Maldives - Chinese Ambassador to Maldives, Zhang Lizhong has stated that discussions are ongoing for moratoriums for the commercial loans taken during the last government in a video message… Continued
Minimum purchase price of tuna re-set by government
Male', Maldives - Ministry of Fisheries has announced the minimum price at which Skipjack and Yellowfin tuna can be purchased by companies registered under the ministry. Under the new prices… Continued
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