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...
Maldives Establishes State-Owned Corporation to Promote Fishery Products
A dedicated state-owned entity, the ‘Maldives Fisheries and Ocean Resources Marketing and Promotion Corporation’, has been established with the strategic...
Maldivian to Acquire Wide-Body Aircraft to Expand Routes in Key Tourism Markets
Island Aviation Services Ltd. (IAS), the operator of the national carrier Maldivian, would invest in wide-body aircraft to tap in...
Allied Insurance Appoints Hussain Luwaiz as New MD
Hussain Luwaiz has been appointed Managing Director (MD) of Allied Insurance Company. He has over 21 years of experience at...
SDF Deposits in 2023 Exceed MVR 886 Million
The Sovereign Development Fund (SDF) has received MVR 886.7 million so far this year, surpassing the earlier estimate of MVR...
