Overall Inflation Eases in January; Key Sectors Remain High Year-On-Year
Overall inflation fell 0.17 percent in January this year compared to December last year, according to 2024’s first Consumer Price...
G20 Considers Global Minimum Tax on Billionaires to Curb Tax Avoidance
The G20 is contemplating a groundbreaking global minimum tax on 3,000 billionaires. Leaders have convened in São Paulo to explore...
MIFCO’s Revised Terms for Foreign Buyers Rejected by Thai Companies; British Buyer Onboarded: MIFCO CEO
The Maldives Industrial Fisheries Company Limited (MIFCO) will only sell their products to companies that agree to specific conditions set...
STO to Supply KONE Elevators for Apollo Towers in Hulhumalé
Apollo Holdings Private Limited signed an agreement with State Trading Organization (STO) on Wednesday to supply and install 46 elevators across...
World Bank ‘Country Environmental Analysis’ Suggests Approach Towards MIFCO Shedding Debt, Reaching Profitability
Maldives Industrial Fisheries Company (MIFCO), the wholly state-owned enterprise (SOE) set up to support the local fisheries industry by purchasing,...
BCC Launches ‘Maha Portal’ to Empower Fisheries Sector MSMEs
The Business Centre Corporation (BCC) has unveiled an innovative e-commerce platform, the ‘Maha Portal’, to bolster micro, small and medium-sized...
Tourism Revenue Surge Highlights Urgent Need for Economic Reforms to Boost Local USD Circulation
Recent data released by the Maldives Association of Travel Agents and Tour Operators (MATATO) projects increases in tourism revenue, spotlighting...
Addu Coastal Tourism Development Plan Launched: Aims for 6,000-Bed Capacity, 10,000 Jobs
The Addu Coastal Tourism Development Plan, which will seek to develop 6,000 tourist beds and a seaplane hub at the...
China Slashes Interest Rates to Boost Ailing Property Sector
China’s central bank has announced a cut on interest rates for loans which extend five years or longer to 3.95...
Government Borrows US$50 Million via MACL from BML, Pays Out on SBI Treasury Bond
The government, in January, settled a US$50 million (MVR 771 million) treasury bond issued to the State Bank of India...
