Business & Tourism
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.
15 Apr 2018, 9:00 AM
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.
14 Apr 2018, 9:00 AM
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.
12 Apr 2018, 9:00 AM
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.
09 Apr 2018, 9:00 AM
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.
08 Apr 2018, 9:00 AM
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.
05 Apr 2018, 9:00 AM
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.
04 Apr 2018, 9:00 AM
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.
03 Apr 2018, 9:00 AM
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.
03 Apr 2018, 9:00 AM
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.
03 Apr 2018, 9:00 AM
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.
03 Apr 2018, 9:00 AM
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.
01 Apr 2018, 9:00 AM
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.
31 Mar 2018, 9:00 AM
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.
30 Mar 2018, 9:00 AM
Pizza Hut opens in the Maldives
Long queues were seen outside the Pizza Hut outlet on Thursday morning when it opened to the public at 11:00 am.
29 Mar 2018, 9:00 AM
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.
29 Mar 2018, 9:00 AM
Tourists should protest in the Maldives, says Nasheed
Mohamed Nasheed said holidaymakers should call for the protection of human rights, the resignation of President Abdulla Yameen and the release of political prisoners.
28 Mar 2018, 9:00 AM
Pilot ‘tourist village’ project launched in Kaashidhoo
The Kaashidhoo tourist village is the first project of its kind by the Maldives Integrated Tourism Development Corporation, a state-owned enterprise formed in August 2016 to develop “guesthouse islands” and boost the nascent mid-market sector.
27 Mar 2018, 9:00 AM
Maldives foreign currency reserve grows
Usable reserves – “the amount of funds that are readily available for use by the MMA in the foreign exchange market” – stood at US$205.6 million, enough to pay for about a month of imports
27 Mar 2018, 9:00 AM
China projects worth more than 40% of Maldives GDP
Gateway House says Chinese investments and aid to the Maldives have surged since 2012, supporting multiple housing projects, a power plant, a bridge, water and sewage treatment plants, hotels and airlines.
26 Mar 2018, 9:00 AM
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