STO Posts Higher Profits in 2023 Despite Volatility in Global Oil Prices
State Trading Organization (STO) saw positive growth overall, despite a revenue decline attributed to the spike in world oil prices...
Development Rights at Maldives Economic Gateway Awarded to New Re-Export SOE
The cabinet has granted the development rights at Ihavandhippolhu, under the name Maldives Economic Gateway, to the newly formed Maldives...
Hanimaadhoo Airport’s 1,200-Metre Runway Section To Become Operational Next Week
A 1,200 meter section of the newly developed runway at Hanimaadhoo International Airport will go into service on Tuesday next...
Aasandha in Discussions to Expand Coverage to Thailand, UAE
Aasandha is in discussions with the relevant agencies and stakeholders to extend the health scheme’s coverage to include facilities in...
RACL, Fuvahmulah City Council Discuss Airport Upgrades and Development Masterplan
The Regional Airports Company Limited (RACL) and the Fuvahmulah City Council have held discussions, in line with President Mohamed Muizzu’s...
Food Prices Will Be Controlled for Ramadan: Ministry of Agriculture
The Ministry of Agriculture and Animal Welfare has assured the public that the prices of basic food will not rise...
HDC to Nix ‘Urbanco’ Branding
The Housing Development Corporation (HDC) will cease using the ‘Urbanco’ brand name, it has been confirmed. HDC was rebranded ‘Maldives...
Cabinet Approves Restructuring and Privatisation of SOEs
The administration is working towards changing the ownership structure of state-owned enterprises (SOEs) and will determine which companies will sell...
Muizzu Administration to Establish MTCC ‘Twin’ to Relieve Overly Burdened SOE
The administration will establish a twin company to provide services similar to that of Maldives Transport and Contracting Company (MTCC)...
Fishermen Paid MVR 276 Million, Outstanding Dues Still Remain
Fishermen have been paid MVR 276 million by the Maldives Industrial Fisheries Company (MIFCO), Minister of Fisheries and Ocean Resources...
