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Former Economic Minister and Maldivian Democratic Party (MDP) Chairperson Fayyaz Ismail has accused the government of attempting to misuse public funds and called on board members of the Maldives Monetary Authority (MMA) and the Pension Office to resign if they cannot oppose such actions. In a...
Financial experts have affirmed that the Maldives Monetary Authority (MMA) and the Pension Fundâs recent bond transaction is a legitimate investment arrangement aligned with international best practices, not an act of money printing as misrepresented by opposition voices. According to economists,...
STO General Trading has announced its participation in the Hotel Asia Exhibition 2025, one of the Maldivesâ largest and most anticipated food and beverage industry events. The exhibition, held at the HulhumalĂŠ Synthetic Track from October 20 to 22, brings together leading suppliers, hospitality...
National bank, Bank of Maldives (BML), on Monday, held a groundbreaking ceremony today for its new branch in L. Maavah. The ceremony was graced by President Dr. Mohamed Muizzu and also attended by senior officials from BML, including Chairperson Ahmed Ali Habeeb, CEO and Managing Director Mohamed...
The Maldives Police Service has announced that it is seeking contractors to construct police stations in 36 islands, as part of a broader initiative to establish dedicated law enforcement facilities across the country. The move comes amid ongoing foundation stone laying ceremonies led by President...
The Maldives Trade Unions Confederation (MTUC) has called for the restoration of the monthly remittance limit for foreign workers in the Maldives, following a recent reduction imposed by banks. In a statement issued on Friday, the MTUC expressed concern over the decision to lower the remittance...
Bank of Maldives (BML) has announced the graduation of 20 employees from the Singapore Management University (SMU) Leadership and People Management Program, earning the Executive Certificate in Leadership and People Management. The 18-month program featured interactive, discussion-based learning...
Universal Resorts, which pioneered Maldivian hospitality over 50 years ago, on Tuesday, has rebranded to âVERSA Hospitalityâ as it eyes to become a guest-facing brand platform for international expansion. In a statement on Tuesday, the parent company of Universal Resorts, Universal Enterprises...
The state-owned Maldives Airports Company Limited (MACL) has created a wholly-owned private entity to manage multiple infrastructure initiatives. As per the business portal of the Economic Ministry, MACL founded Peninsula Infrastructure, a wholly-owned private company, on October 6th. The...
The Bank of Maldives (BML) has officially launched ATM services in Olhuvelifushi, completing its goal of installing ATMs in every inhabited island of Lhaviyani Atoll. The rollout was celebrated at a ceremony attended by Minister of Fisheries and Ocean Resources Ahmed Shiyam, BML Chairman Ali...
It has come to light that the Maldives Ports Limited (MPL) disbursed over MVR 17 million to a private firm under the guise of purchasing a crane during the parliamentary elections. Certain informants acquainted with the deal informed Adhadhu that the corruption occurred in March 2024. Funds were...
Mounting public outrage over the illegal rental of government-subsidized Gedhoruveriya flats has prompted swift action from President Dr Mohamed Muizzuâs administration. The government has announced a full-scale inspection and enforcement campaign to identify and repossess social housing units...