RACL Seeks EOIs for Kulhudhuffushi Airport Expansion and Redevelopment
Regional Airports Company Limited (RACL) has invited interested parties to submit Expressions of Interest (EOIs) for the expansion and redevelopment...
Government to Allocate 100-Hectare SEZ for Re-Export SOE
A 100-hectare Special Economic Zone (SEZ) will be set aside, with a view towards economic diversification, for a re-export commercial...
Government to Establish SOE to Foster Economic Diversification
The government has decided to establish a fully state-owned entity, the Maldives Industrial Development Free Zone, with a focus on...
State Reserves Rise in November Over October, Lower Compared With Same Period in 2022
The Maldives’ official reserves saw an increase in November this year compared to October, according to data released by the...
November Inflation Down on Average, Rose for Key Commodities
Prices of goods and services fell in November compared to October this year, the National Bureau of Statistics (NBS) has...
New Companies Act to Empower Individual Entrepreneurs
The Maldivian corporate landscape stands on the brink of a significant transformation as the new Companies Act, ratified by President...
Maldives’ Fish Exports Surpass MVR 2 Billion in 2023
The Maldives exported fish worth MVR 2.1 billion as of November 2023, according to data by the Maldives Monetary Authority...
Maldives’ Exports Grow 32% in November
The Maldives’ exports increased by 32 percent in November 2023 compared to the same period last year, according to data...
STO, Allied Transfer All MIFCO Shares to Government
The State Trading Organization (STO) on Wednesday officially transferred 99.9 percent of its shares in the Maldives Industrial Fisheries Company...
STO Launches 59th Anniversary Sale Event
The State Trading Organization (STO)’s People’s Choice store has launched a two-day sale to celebrate its 59th anniversary. During the...
