back to homepage

Business & Tourism

President launches US$400m airport runway project

President Abdulla Yameen launched Monday morning a US$400 million project awarded to China’s Beijing Urban Construction Group to build a new runway at the Velana International Airport.

Read More

High court deals blow to Gasim’s bid to retain airport

The high court overturned a lower court order halting the tourism ministry’s takeover of the Kaadehdhoo airport in Gaaf Dhaal airport.

Read More

Thousand jobs on offer at Hulhumalé youth career expo

According to state media, the jobs fair in Hulhumalé was organised by the economic development ministry and the state-owned Housing Development Corporation at the behest of First Lady Fathmath Ibrahim, who is overseeing the president’s re-election campaign.

Read More

In unprecedented move, supreme court sacks civil court judge

The apex court declared that Judge Mariyam Waheed has “lost the legitimacy, legal capacity, and authority” to remain on the bench after she ruled against the government in a long-running dispute over the lease of Vaavu Bodumohora for resort development.

Read More

Airport hotel suspends six staff after protest

The suspension came after more than 60 Maldivian staff signed a petition demanding that the management lifts the suspension of a staff member accused of leaving without permission during duty hours.

Read More

Maldives secured US$100m from India to shore up depleted reserve

The agreement with the Reserve Bank of India was the Maldives’ first currency swap deal.

Read More

Tourism lobby scuttled rules banning resorts from selling dollars

The rules were aimed at alleviating a persisting dollar shortage and tackling an entrenched black market.

Read More

President forms new tourism promotion company

Former Auditor General Niyaz Ibrahim has suggested that the government is planning to “bury” the scandal-ridden Maldives Marketing and Public Relations Corporation and replace it with the new tourism promotion company.

Read More

Maldives resort owners alarmed by ‘falling revenues’

Expressing concern over declining revenues, MATI called on the government to increase destination marketing activities.

Read More

Villa takes government to court over airport seizure

A civil court judge has granted a stay on the seizure of a domestic airport leased to Jumhooree Party leader Gasim Ibrahim’s Villa Group.

Read More

President’s announcement revives rumours about the sale of Maldives atoll to Saudi Arabia

The president described the project as a township or an integrated development project involving various industries and open to travellers from all over the world.

Read More

Maldives holds landmark conference on tourism and terrorism

The Maldives police and British counter-terrorism experts sat down this week with more than a 100 tourism sector security personnel to work out measures to protect visitors from potential acts of terror.

Read More

Yameen dismisses concern over debt as Maldives turns to global bond markets

The president’s remarks come after the World Bank warned in its Global Economic Prospects report released last week that “rising debt levels” and “persistent political tensions” are among the risks facing the Maldivian economy.

Read More

Major cyber attacks disrupt internet service across the Maldives

Disgruntled internet users are calling on telecoms companies for compensation after cyber attacks disrupted internet services across the Maldives for more than a week.

Read More

Tourist arrivals register double-digit growth in November

Despite tourist arrivals growing by 4.6 percent annually as of November, revenue from Tourism Goods and Services Tax last year decreased by -4.4 compared to 2015, suggesting shorter stays and lower spending by tourists.

Read More

Tourism firms win legal bids to recover property despite evidence of graft

Two companies involved in the MMPRC scandal have won legal bids to recover an island and a lagoon seized by the Maldivian authorities after an audit report revealed that the state did not receive acquisition fees.

Read More

Media regulators, anti-graft watchdog drawn into fuel supply row

Media regulators and the anti-corruption commission have launched investigations in the bitter row between ruling party MP Riyaz Rasheed’s fuel supplier and the state ports company.

Read More