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An evaluation report by the Asia Pacific Group on Money Laundering (APG) has outlined how illegal income enters and circulates within the Maldivian economy, warning that weaknesses in enforcement allow such funds to move through both formal and informal systems. The APG’s report on Anti-Money...
K. Maafushi, one of the most extensively developed islands for local tourism in the Maldives, has officially launched "Heart of Maldives" as its dedicated tourism brand. The new brand incorporates various elements of the island's tourism industry. The island's Local Authority Company, which...
The Maldives National Association of Construction Industry (MNACI) has officially named Hotels & Resorts Investments Maldives (HARIM) as the Platinum Sponsor for the upcoming MNACI Builder Awards 2025. This premier partnership underscores a shared commitment to excellence in the Maldives' booming...
Government is working to strengthen the operating environment for small and medium enterprises across the country, Finance Minister Moosa Zameer said Friday. Zameer made the remarks while attending the MSME Awards 2025 as Chief Guest. The ceremony was organised by the Business Centre Corporation...
Waste Management Corporation Limited, WAMCO, has received a new fleet of electric waste collection vehicles funded by The Coca Cola Foundation through the UNDP regional project Management of Plastics Waste and Circular Interventions in South, Southeast Asia and the Pacific. The handover event...
First Lady Sajidha Mohamed has drawn attention to the growing threat of antimicrobial resistance (AMR), urging swift, collective action to protect public health, food security, and the economy. In a message shared on her official X account, the First Lady highlighted the Maldives’ National Action...
Google has announced a major investment in the Maldives, with plans to establish an international submarine cable landing station and network facility in Hithadhoo, Addu City. The Ministry of Economic Development and Trade issued a statement on Monday welcoming the decision, which follows...
Last night, President Dr Mohamed Muizzu announced a major policy initiative to empower workers across the tourism, fisheries and construction sectors by establishing new Presidential Advisory Panels that will allow frontline employees to directly influence national decision making. Speaking at the...
Mastercard has presented the Bank of Maldives (BML) with a special recognition award for its instrumental role in advancing the Maldives’ digital economy through the Digital Country Partnership initiative. The award was presented to BML’s Chief Executive Officer and Managing Director Mohamed...
Former President Mohamed Nasheed has proposed selling shares of Velana International Airport (VIA) as a more viable alternative to issuing high-interest bonds, amid growing concerns over the Maldives’ ability to repay a USD 500 million sukuk maturing in April 2026. “Instead of selling bonds at...
The Maldives’ aviation sector reached a new milestone today as Virgin Atlantic officially began operating from Velana International Airport’s cutting-edge Terminal 1. A formal inauguration marked the shift, signalling the facility’s transformation into a key hub for international carriers. In...
On the same day that Chongqing Airlines commenced scheduled flights to the Maldives, its check-in counters were formally launched at Velana International Airport’s new Terminal 1 (T1) in a ceremony today orchestrated by Maldives Airports Company Ltd (MACL).MACL Board Director Ibrahim Mahdy presided...