India Considers Slashing EV Import Taxes to Attract Tesla
India is reportedly crafting a new electric vehicle (EV) policy that could significantly reduce import taxes for automakers willing to...
VP Champions More Financial Sector Development
The country is in vital need of banks that can provide easier housing finance options and should embrace a more...
MMA Launches ‘Favara’ Instant Payment System
The Maldives’ central bank, Maldives Monetary Authority (MMA), has finally launched its Instant Payment System, ‘Favara,’ to facilitate fast, convenient,...
Mastercard, Binance to End Crypto Card Programmes in Several Countries
In a recent development, global payment giant Mastercard (MA.N) and cryptocurrency exchange Binance have announced the discontinuation of their cryptocurrency...
Starlink Granted Internet Service Provider Licence in Maldives
The Maldives government has licenced Starlink, SpaceX’s high-speed internet service provider (ISP), allowing the company to offer its services within...
Tourist Card Payments Strain USD Supply
Businesses turn to the black market for their regular dollar influx as the exchange rate yo-yos between MVR18.10 and MVR18.30...
MMA, UNDP Sign Insurance Development Agreement
The Maldives Monetary Authority (MMA) has signed a financing agreement with the United Nations Development Programme (UNDP) to begin collaboration...
Lamborghini Unveils First ‘Pure-Electric’ Concept Car
Automobili Lamborghini has unveiled its first pure-electric fourth-model concept, the Lanzador. The all-electric concept car combines the ultra-high-performance elements of...
Government To Announce Tenders for Gulhifalhu Port Development
Indian media has reported that the Maldivian government is expected to call for tenders from Indian companies for engineering, procurement,...
Tomato Shortage Forces Fast Food Chains in India to Make Changes
Burger King, one of India’s leading fast food chains, has announced the removal of tomatoes from its menu across its...
