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The latest headlines, context, and expert insights from our business desk.
The Bank of Maldives (BML) has signed a three‑year agreement with the Football Association of Maldives (FAM) to sponsor the national football teams. The agreement was signed at a ceremony on Monday, with BML CEO and Managing Director Mohamed Shareef signing on behalf of the bank, and FAM President...
Latest developments from our newsroom.
The Maldives National Association of Construction Industry (MNACI) hosted the second edition of the MNACI Builders Awards on Thursday evening at Hotel JEN, Malé, recognizing companies and individuals who have made significant contributions to the country’s construction sector. Following the...
The Maldives Association of Travel Agents and Tour Operators (MATATO), in collaboration with Visit Maldives Corporation (VMC), the National Hotels and Guesthouses Association of Maldives (NHGAM), and the National Boating Association of Maldives (NBAM), has announced the opening of registrations for...
Reclamation works for the Hulhumalé Phase 3 land reclamation project, overseen by Maldives Airports Company Limited (MACL), have now reached a significant milestone with 31 hectares of a planned 63 hectares reclaimed, equivalent to about 49.2 percent completion, according to recent progress...
The Islamic Development Bank (IsDB) has provided USD 400,000 (MVR 6.16 million) in grant support to the Maldives health sector. The funding was secured through the World Health Organization’s Health Impact Investment Platform (HIIP) and will be used to strengthen primary healthcare, improve...
Reclamation works for the Hulhumalé Phase 3 land reclamation project, overseen by Maldives Airports Company Limited (MACL), have now reached a significant milestone with 31 hectares of a planned 63 hectares reclaimed, equivalent to about 49.2 percent completion, according to recent progress...
A cold storage and fish processing facility will be developed in R. Kandholhudhoo, along with a modern fishing port, under a new government project awarded to 3 Way Enterprises Pvt. Ltd. The agreement was signed on Saturday evening during the Fishermen’s Day ceremony in R. Dhuvaafaru, with...
Maldives Customs has intercepted one of the largest illegal vape consignments brought into the country since the nationwide ban, seizing a shipment valued at approximately MVR 2.7 million. The operation was carried out as part of ongoing efforts to curb the import and distribution of prohibited...
The Maldives Immigration conducted operations in Malé City, searching four massage parlors as part of efforts to identify illegally operated foreign businesses. The raids resulted in the arrest of four foreign nationals residing in the country without valid visas. According to Immigration, the...
The Ministry of Economic Development and Trade has approved an investment of USD 790 million (MVR 12 billion) for the country’s first Sustainable Township Project under the Special Economic Zones (SEZ) Act. The permit was granted to Crystal Holdings Pvt Ltd following approval by the Board of...
Ibrahim Abdul Razzaq Haleem, CEO of the Male’ City Group of Hospitals (MCGH), has been appointed Chairman of the Board of Directors of the newly formed State Pharmaceutical and Medical Supply Corporation Limited (SPHMC). The appointment was announced by the Privatization and Corporatization Board...