Advertisement

Sponsored banner

Latest News

Real-time coverage from our correspondents across politics, business, world affairs, and more.

MIB Proposes MVR 103 Million in Share Profits with 58% Increase in Dividend for 2023
Business

MIB Proposes MVR 103 Million in Share Profits with 58% Increase in Dividend for 2023

The Maldives Islamic Bank (MIB) Board of Directors has proposed distributing MVR 103 million in share profits at the upcoming Annual General Meeting (AGM). This proposal suggests a payment of MVR 4.58 per share, reflecting a 58% increase from 2023. The distribution plan includes a 50% cash dividend...

FrontPage Editorial•1 min read
Seventh Amendment Introduced to the Public Service Pay Framework
Politics

Seventh Amendment Introduced to the Public Service Pay Framework

The National Pay Commission has issued the seventh amendment to the Public Service Pay Framework. The amendment introduces a provision for an attendance benefit to be payable to Government employees on duty during the final 10 days of Ramadan, as determined by their respective Government offices....

FrontPage Editorial•1 min read
Renaatus Irumathi Apartments Opens for Sale with Expected Completion by December 2026
Maldives

Renaatus Irumathi Apartments Opens for Sale with Expected Completion by December 2026

Leading real estate developer Renaatus, known for its innovative and sustainable projects, proudly announces significant progress in its highly anticipated developments—Renaatus Javaahiru and Renaatus Irumathi. Javaahiru has now reached 40% completion, while Irumathi stands at 20%, marking key...

FrontPage Editorial•1 min read
STELCO Launches Merit-Based Engineering Scholarships for UK Bachelor's Degrees
Education

STELCO Launches Merit-Based Engineering Scholarships for UK Bachelor's Degrees

STELCO is offering scholarships for higher education in engineering through its "Merit-Based Engineering Scholarship" program. The scholarship provides three opportunities for a bachelor’s degree in the UK: This scholarship covers a variety of expenses, including course fees, stipends, visa fees,...

FrontPage Editorial•1 min read
New Law Allows Immediate Freezing of Scam-Linked Accounts to Prevent Fraud
Crime

New Law Allows Immediate Freezing of Scam-Linked Accounts to Prevent Fraud

Bank accounts can now be immediately frozen without a court order if linked to scams, a measure designed to prevent further fraudulent transactions through those accounts, according to the police Anti-Scam Centre. This new authority is part of the fifth amendment to the Criminal Procedure Act,...

FrontPage Editorial•1 min read