Apple’s iPhone Sales Decline Across Global Markets Except Europe
Apple Inc. has reported a decline in iPhone sales across nearly all global markets, excluding Europe, in the latest quarterly...
Garmin Q1 Earnings Beat Expectations
Garmin, the Swiss navigation device maker, surpassed Wall Street estimates for its first-quarter results, showcasing a stellar performance driven by...
STO Revenue Hits MVR 4.49 Billion in Q1
The State Trading Organization (STO) exceeded individual earnings in all quarters of 2023, reporting a first quarter (Q1) revenue of...
Maldives-Türkiye FTA to Provide Preferential Access and Concessions for Maldivian Exporters: Minister Saeed
The Mohamed Muizzu administration has proposed, during negotiations of a bilateral Free Trade Agreement (FTA), to cut tariffs on 214...
Maldives Experiences Change in Tourism Dynamics Amid Regional Diplomatic Tensions
The Maldives has observed a significant transformation in its tourism sector, with changes in source markets for visitors amidst evolving...
BML Reports Record MVR 2.07 Billion Profit, Board Recommends Highest-Ever MVR 50 Per Share Dividend Payout
Bank of Maldives (BML) recorded its best-ever performance in 2023 with profit after tax at MVR 2.07 billion, the bank...
Resort Earnings Down by US$529 Million: MATI
Resort earnings fell by US$529 million (MVR 8 billion) last year compared to the previous year, according to data released...
World Bank Downgrades Growth Forecast for Maldives
The World Bank has downgraded its 2024 growth forecast for the Maldives as tourists increasingly opt for guesthouse stays over...
MPL To Enter Global Re-Export Market
Maldives Ports Limited (MPL) will initiate a re-exporting venture, Managing Director (MD) of the state-owned enterprise (SOE), Mohamed Wajeeh, has...
MIFCO To Bring In 3,000MT Reefer Ship, Export Catch Direct To European Market
The Maldives Industrial Fisheries Corporation (MIFCO) will bring in a large foreign reefer ship to coincide with the fishing season,...
