Business

President Muizzu Launches Financing Facility for Young Entrepreneurs

President Dr Mohamed Muizzu has launched the Youth Entrepreneurship Financing Facility, a scheme designed to help young Maldivians secure the capital needed to start...

President Muizzu’s Vision Delivers PayPal to Maldives, Unlocking a New Era of Opportunity

The arrival of PayPal in the Maldives stands as a landmark achievement of President Dr. Mohamed Muizzu's leadership, with a global financial giant placing...

President Muizzu: PayPal Launch Clears the Way for Maldivians to Compete Worldwide

President Dr. Mohamed Muizzu has urged Maldivian creators and innovators to seize a newly opened path to establish themselves in international markets, following the...

MPL CEO reveals aim for USD 6.5 million in revenue by year-end

The Chief Executive Officer (CEO) of Maldives Ports Limited (MPL), Mohamed Wajeeh Ibrahim, has announced that the company aims to reach USD 6.5 million...

Relocation of funadhoo oil storage to Thilafushi to boost capacity and stabilise prices

CEO and Managing Director of State Trading Organisation (STO), Shimad Ibrahim, has announced that relocating the oil storage facility from Funadhoo to Thilafushi will...

Aasandha to resume dispensation codes for medication

The Aasandha scheme will resume sending dispensation codes to recipients' phones when issuing medications, effective today. This updated process is designed to improve the...

RDC reforms save up to USD 1.3 million monthly

Managing Director of Road Development Corporation (RDC) Ali Zuhair has stated that the government's reform efforts has resulted in a significant reduction in...

Gov’t aims to increase fish processing capacity to 9-fold in 3 years

Minister of Fisheries and Ocean Resources Ahmed Shiyam has said that the fish processing capacity in the Maldives is set to increase more than...

“Airport Economic Zone Tower will be a pride for Maldivians”

Minister of Economic Development and Trade Mohamed Saeed has affirmed that the tower being developed in the Airport Economic Zone will be a landmark...

SDFC issues “Fashaa Madhadhu” loans to 60 women entrepreneurs

SME Development Finance Corporation (SDFC) has announced that it has issued loans to 60 women entrepreneurs, under the "Fashaa Madhadhu" loan scheme. The loan...

FDC decides to lease 32 tower commercial units being developed in Hulhumale’

Fahi Dhiriulhun Corporation (FDC) has announced plans to lease 32 tower commercial units being developed in Hulhumale' Phase II. Addressing the media, FDC stated...

Vice President emphasises importance of small firms in the economy

Vice President Hussain Mohamed Latheef has emphasised the critical role of small and medium enterprises (SMEs) in the economy, describing them as the backbone...

Gov’t aims to diversify fishing industry: Minister Shiyam

Minister of Fisheries and Ocean Resources Ahmed Shiyam has revealed the government's overarching goal of diversifying the fishing industry, aiming to transform it into...

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Maldives Sees Rise in Resort, Safari Occupancy

Statistics have shown that resort occupancy rates increased in...

Maritime, Aviation Development Key to Tourism Growth, says MACL Chief

The growth of the tourism sector is dependent on...

Minister Urges More Oversight from Four Pillars of Gov’t, People to Strengthen Decentralised Governance

The Minister of Cities, Local Government and Public Works,...

2025 to be a year of development project launches and economic recovery: The President

President Dr Mohamed Muizzu has stated that 2025 will...

Maldives Sends Condolences to Vanuatu Following Devastating Earthquake

Minister of Foreign Affairs Dr Abdulla Khaleel has sent...
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