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Business & Tourism

Gasim’s Villa Group scores Supreme Court win

The ruling could lead to the unfreezing of Villa’s assets and accounts and is some good news for the group, which has experienced several setbacks in recent years.

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Tourist numbers jump 18.5 percent in March

According to statistics, 133,466 tourists visited the Maldives during March 2018.

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Hundreds of applications for SME loan scheme

The loan scheme offers sums of up to MVR500,000 for individuals, and of up to MVR1.5 million for partnerships fully owned by Maldivians.

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Tourist arrival figures ‘untrustworthy’

Germany’s ambassador to the Maldives said the economy was suffering because of the volatile political situation and ordinary people were bearing the brunt.

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Record profit for Bank of Maldives

The state-owned infrastructure developer meanwhile posted a net profit of MVR145 million (US$8.5 million) in 2017.

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High and dry: fishermen queue to weigh their catch

Boats which had queued on Sunday evening were still in line at dawn on Monday, with ten boats waiting to weigh their haul from the previous day.

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Minister defends capping rates for port workers

Dockworkers at the Malé port staged a short-lived strike and doubled their fees when a ban on daytime goods delivery came into force on April 1.

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Tax revenue boosted by February tourist arrivals bump

Tax revenue of MVR1.5 billion (US$97 million) collected in March was 23 percent higher than forecast and 16 percent higher than the same period last year.

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Cargo clearance fees capped after port workers strike

Despite threats, dockworkers at the Malé commercial harbour continued to charge higher fees to clear out cargo at night after a ban on day-time delivery of goods came into force this week.

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Jailed ex-vice president ordered to pay US$5m

Adeeb was ordered to pay MVR74 million (US$4.7 million) as compensation for losses incurred in the leasing of the Nasandhuraa Palace Hotel in Malé.

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Porters end strike after doubling fees

Porters at the Malé commercial harbour returned to work Monday night after staging a strike in protest against changes to working hours forced by new merchandise transport rules.

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Rasfannu pavilion opens with Gloria Jean’s coffee shop

A pavilion built on Malé’s western artificial beach opened Monday night with an outlet of the Australian coffee shop franchise Gloria Jean. 

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Record number of private jets for Easter holidays

The Velana International Airport hosted a record number of private jets on Sunday as tourist arrivals boomed at the start of Easter holidays.

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Strikes and hikes as porters down tools

Porters are angry about new rules that ban transporting and unloading merchandise from warehouses and shops during the day in Malé.

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Transporting merchandise during daytime banned in Malé

Goods must be carried and unloaded between 6 pm and 6 am with effect on April 1, the transport authority announced Friday, citing difficulties faced by pedestrians and students due to jammed roads.

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Tourist injured by jet ski awarded MVR140,000

The civil court on Thursday ordered a Maldivian to pay more than MVR140,000 (US$9,000) to a tourist who was injured in a jet ski accident at the Jumeirah Vitaveli resort in 2014.

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MPL to invest MVR100 million in bridge bus service

The bridge project was launched in December 2015 with a concessional loan and grant aid from the Chinese government.

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