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...

Parliament approves supplementary budget of USD 332 million

The Parliament has approved the supplementary budget of USD 332 million as proposed by the government. This budget was passed with 75 votes in...

MWSC and EPA formalize agreement for Rasfari reef restoration project

The Male Water and Sewerage Company (MWSC) has entered into an agreement with the Environmental Protection Agency (EPA) to support the Rasfari reef restoration...

Over 16,000 vehicles imported last year amid traffic concerns

The Maldives Customs Service has disclosed that over 16,000 vehicles were imported to the Maldives last year. Of these, 15,551 were vehicles, including 1,347...

Ooredoo gifts equipment required to provide air ambulance services

Ooredoo Maldives has gifted special equipment required to provide air ambulance services effectively. This follows a previous donation of similar equipment when the service...

Gov’t notes RuPay card will boost Indian tourist arrivals

Gov’t notes RuPay card will boost Indian tourist arrivals The introduction of the RuPay card service in the Maldives aims to enhance the Indian tourist...

STELCO to establish a 150MW power plant

State Electric Company Limited (STELCO) has signed a Memorandum of Understanding (MoU) with a Chinese company, TBEA Group Company Limited to conduct preliminary studies...

Committee approves USD 7 million budget for Auditor General’s Office

The Parliament's Budget Committee has approved a budget of USD 7.39 million for the Auditor General's Office (AGO) for the upcoming year. The Constitution...

MMA issues licence for the Development Bank of Maldives

Maldives Monetary Authority (MMA) has issued the licence required for the Development Bank of Maldives Limited (DBM). President Dr. Mohamed Muizzu announced the formation...

MIRA notes progress in efforts to recover outstanding debts

Commissioner General of Taxation Hassan Zareer has said positive progress in the Maldives Inland Revenue Authority's (MIRA) efforts to recover outstanding debts. Speaking to PSM...

Fisheries Ministry to develop lobster fishery sustainably

The Ministry of Fisheries and Ocean Resources has introduced a new plan to develop the lobster fishery in an environmentally sustainable way.The Fisheries Ministry's...

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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