Business

Fitch Upgrades Maldives Credit Rating to ‘CCC-‘ After Sukuk Repayment Eases Default Risk

Fitch Ratings raised the Maldives' long-term foreign-currency credit rating to 'CCC-' from 'CC' on Wednesday, signaling that the threat of an imminent default has...

Naagoashi resort development accelerates as mockup rooms near completion

Development work on the tourist resort of Naagoashi in the Haa Dhaalu Atoll is advancing rapidly, Ahmed Niyaz, the Managing Director of the Maldives...

Maldives Pushes to Seal Free Trade Pact With India by End of 2026, Says Foreign Minister Iruthisham Adam

Maldives Foreign Minister Iruthisham Adam has signalled a firm push to conclude a long-anticipated Free Trade Agreement with India before the close of 2026,...

NSPA raises concerns over pharmacies rejecting reduced medicine prices

CEO of the National Social Protection Agency (NSPA) and spokesperson for the President's Office Heena Waleedh has expressed concerns about some pharmacies refusing to...

Aasandha seeks to negotiate lower prices with private hospitals

CEO of Aasandha, Aminath Zeeniya has expressed concerns over the high prices charged by major private hospitals, stating that efforts are underway to negotiate...

WAMCO aims to boost revenue by enrolling 8,000 businesses in waste collection services

The Managing Director of Waste Management Corporation (WAMCO), Mujuthaba Jaleel, has outlined the company’s objective to increase its revenue by enrolling 8,000 businesses in...

Maldives Gas launches USD 4.5 million project to boost cooking gas storage capacity

Maldives Gas Pvt Ltd has initiated a project valued at USD 4.5 million to expand the storage capacity for cooking gas in the Maldives....

Hajj Corporation reports increase in pilgrims as public trust grows

Managing Director of the Hajj Corporation, Mohamed Shakeel, has emphasized the corporation’s success in restoring public trust, as evidenced by a significant increase in...

Male’ Group of Hospitals contracts expansion of Hulhumale’ Hospital ER to RDC

Male' Group of Hospitals has signed an agreement with Road Development Corporation (RDC) to modernise and expand the emergency room (ER) at Hulhumale' Hospital....

STELCO projects USD 7.78 million profit by year-end

The Managing Director of State Electric Company Limited (STELCO) Ahmed Fahmy has expressed optimism that the company will achieve a profit of USD 7.78...

Applications open for MIRA board of directors position

The President’s Office has announced the opportunity to apply for a position on the Board of Directors of the Maldives Inland Revenue Authority (MIRA). The...

Sea-to-air service expansion boosts economy

The Chief Executive Officer (CEO) of Maldives Ports Limited (MPL) Mohamed Wajeeh Ibrahim has announced that the sea-to-air cargo service launched earlier this year...

Finance minister highlights risks of insufficient budget allocations

Minister of Finance Moosa Zameer has voiced concerns that inadequate financial allocations for development projects could lead to significant delays and hinder long-term progress....

MOST READ

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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