STO Bunkering Venture Generates MVR 124 Million Since Launch
The State Trading Organization (STO) has generated MVR 124 million in revenue from its bunkering operations since the service was...
Maldives, Malaysia Sign Agreements to Boost Ties Across Multiple Sectors
The Maldives on Monday exchanged key agreements, memoranda of understanding (MoUs), and exchanges of notes (EONs) with Malaysia, aimed at...
Saudi Fund Provides Additional US$17 Million Loan for VIA Expansion
The Saudi Fund for Development (SFD) has signed an agreement to provide an additional US$17 million loan to the Maldives...
Maldivian Launches Scheduled Seaplane Service to Baa Atoll
Maldivian, the national airline, has commenced scheduled seaplane service to Baa Atoll, with two weekly flights. Island Aviation, which manages...
Muizzu Confident New Forex Regulations Will Soften USD Exchange Rate
President Mohamed Muizzu on Thursday expressed confidence that the new foreign exchange regulations would stabilise the currency market and ease...
DBM CEO Quits Abruptly Before Bank Begins Operations
Noel Gregor Paterson-Jones, the Managing Director and CEO of the Development Bank of Maldives (DBM), has resigned just seven months...
Ex-Police Chief Faseeh Appointed Immigration Controller
Former Commissioner of Police Ahmed Faseeh has been appointed as the new Immigration Controller following the sudden dismissal of Mohamed...
Security Forces Arrest Several in Connection With Alleged Terror Plot
Security forces have arrested several individuals in an ongoing special operation in the capital Malé and Hulhumalé. The operation, which...
EPA, China’s SCSIO Sign MoU on Technology Cooperation
The Environmental Protection Agency (EPA) and the South China Sea Institute of Oceanology (SCSIO) of the Chinese Academy of Sciences...
Maldives Seeks Developer for Large-Scale Solar Power Project
The Maldivian government is seeking expressions of interest for the development of a 100 MW to 150 MW solar photovoltaic...
