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,...
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...
