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Saturday, January 18, 2025

Economy

President Dr Muizzu Reaffirms Commitment to Transform Mahibadhoo into Urban Centre

President Dr Mohamed Muizzu has reiterated his administration’s pledge to transform Mahibadhoo, Alifu Dhaalu Atoll, into an urban centre, including the reclamation and development...

Parliament Greenlights Forex Bill to Tackle Foreign Currency Shortage

Parliament on Thursday adopted the government-proposed Foreign Currency Bill (Forex Bill) designed to mitigate the ongoing foreign currency shortage in the country. The bill,...

Government’s Forex Bill Clears Committee Stage

The Public Accounts Committee of the Parliament has endorsed the government-proposed Foreign Currency Bill (Forex Bill), which aims to mitigate the foreign currency shortage...

MIFCO reports 35% increase in revenue

Maldives Industrial Fisheries Company (MIFCO) has reported a revenue of USD 20.8 million from the sale of its 'Fasmeeru' products in the previous year,...

HDC launches several transformative projects for Hulhumale’

Housing Development Corporation (HDC) has launched several projects, which are bound to bring revolutionary transformations to Hulhumale'. The projects were offically inaugurated by the...

38 projects completed despite budget constraints: Construction Minister

Minister of Construction and Infrastructure Dr. Abdulla Muththalib stated that the current administration has ensured the completion of 38 developmental projects, regardless of the...

MIRA receives USD112 million in October; 30.5% more than expected

Maldives Inland Revenue Authority (MIRA) has received USD 112 million in October, which is a 14.2% decrease compared to the same month the previous...

Standard population for urban centers is at least 10,000 people

Minister of Housing, Land and Urban Development Dr. Ali Haidar Ahmed has announced that the population for urban centres in the Maldives has been...

BML launches nationwide ATM expansion project

The Bank of Maldives (BML) has launched a special project aimed at expanding its ATM service nationwide to enhance financial accessibility across the country....

President inaugurates fuel farm and services of the fuel hydrant system of VIA

President Dr. Mohamed Muizzu inaugurates the new fuel farm and the services of the fuel hydrant system of Velana International Airport (VIA). The inauguration...

Economic Ministry signs ATM expansion agreement with MIB

The Ministry of Economic Development and Trade has signed an agreement with the Maldives Islamic Bank (MIB) to install ATMs across 19 islands in...

Economic Minister highlights positive economic progress

Minister of Economic Development and Trade Mohamed Saeed has expressed confidence that the government’s efforts to stabilise and revitalise the economy are beginning to...

Wide-body aircraft will commence operations this year as per schedule: Minister Ameen

Minister of Transport and Civil Aviation Mohamed Ameen has affirmed the Airbus A330-200 wide-body aircraft will be brought to the Maldives, and commence operations...

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Maldives Sees Rise in Resort, Safari Occupancy

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

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

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

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

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

Maldives Sends Condolences to Vanuatu Following Devastating Earthquake

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

MNU and MPAO Sign Agreement to Promote Research and Awareness

The Maldives National University (MNU) has signed an agreement...
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