Government has spent MVR 1.3 billion on Public Sector Investment Programs (PSIP) projects so far this year.According to the Finance Ministry’s weekly Fiscal Development Statistics,...
Category: Business
MIB To Invest in Digital Banking
Maldives Islamic Bank reveals that they are in the process of evaluating and investing in digital banking solutions.The COO of the company stated that they...
MIB To Sell Shares To The Public
Maldives Islamic Bank (MIB) to sell their shares to the public.Opened on 1st April 2010, MIB was established by Islamic Corporation for the Development of...
Rahaa Resort To Open in Time for Eid-ul Al’haa
Rahaa Resort is set to open in July 2019.This 4-star resort located at Laamu Atoll consists of two types of villas including Deluxe Ocean View...
Hulhumale’ Local Market to Open this Month
The Local Market located near Hulhumale ferry terminal will be opened this month according to Housing Development Corporation (HDC).HDC Managing Director, Hussain Ahmed said that...
BML Annual General Meeting to be Held on 30 July
Bank of Maldives (BML) 36th annual general meeting to be held on 30th of this month at Hotel Jen.In the meeting, the 2018 annual report...
MTCC in Discussions to Acquire Island for Resort Development
MTCC is in talks with the government to get an island allocation promised by the government to develop a tourist resort, with regards to the...
BML Funded Community Park Opens in Nellaidhoo
Bank of Maldives’ “Aharenge Bank”, community-funded community park opens in HDh Nellaidhoo.The park was constructed with traditional Maldivian values and lifestyle in mind. It boasts...
Ooredoo and Ugail Foundation Partners for Artificial Intelligence Maldives 2019
Ooredoo Maldives and Ugail Foundation signs a partnership agreement with Artificial Intelligence (AI) Maldives 2019.Under this agreement, Ooredoo Maldives will serve as the title sponsor...
STO Commences Annual Warehouse Sale
State Trading Organization (STO) has commenced its annual warehouse sale.According to STO, the sale started last Tuesday and will last for five days. The sale...
The First 2D Cartoon of Maldives on Dhiraagu TV
Dhiraagu TV introduces the first Maldivian 2D animated cartoon series “Kyle and Lulu” on its video-on-demand platform.The series focuses on encouraging children to read and...
Amendments to be Made to the Company Registration Laws
The economic ministry stated that company registration and the laws surrounding it will be amended and changed to fit the modern Maldivian economy.Speaking to the...