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,...
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...
