Business & Tourism

Dhiraagu reverses speed drop after customers complain

Customers found their internet speed would drop to 256kbps after a fixed allowance.

Maldives resort workers complain of late payment

The resort workers fear they will not be paid this month either.

Maldives in talks with Chinese airlines to launch direct flights

China remains the top source market for tourists despite falling arrivals since 2015.

One Chinese tourist dead after Maldives accident

The 27-year-old died after colliding with a dinghy propeller.

Minimum wage of US$600 demanded for Maldivian resort workers

The average monthly salary for local resort workers is US$200-US$250.

Yacht Tours facing fines and frozen accounts

Yacht Tours Maldives is owned by Abdulla Jabir, a close advisor to ex-president Mohamed Nasheed.

Three islands made available for lease without bidding

The priciest island of the three costs US$2.7 million.

Maldives STELCO team in Pakistan

The Maldives and Pakistan have been getting closer in recent years.

Water villas burn down in luxury resort fire

Water villas at the resort can cost as much as US$1,500 a night.

President scoffs at concern over mounting debt

Overdue infrastructure development would take decades without foreign loans, Yameen contended.

India slams ‘misleading’ reports on slashed food quotas

The reduction is based on usage, India says.

Maldives wholesaler allays fears after India slashes exports

India’s reduction of the quota allocations of staple foodstuff to the Maldives sparked fears of price hikes.

Maldives says thousands of visas granted for Indian workers

Indian media reported that visas were being rejected by the Maldives because of worsening ties.

New Maldives airline takes aim at rivals

The government has been pushing airport development.

Debt ‘natural’ for the Maldives

The Maldives has been borrowing heavily from China, but details of the loan are not clear.

Watchdog ‘challenging Supreme Court’ with US$110m claim against Villa

The Anti-Corruption Commission says the state incurred heavy losses due to a 2013 settlement agreement with Villa that waived rent for properties leased for resort development.

Foreign-owned firms banned from event management and entertainment

Foreign investments will no longer be authorised in event management, renting of audiovisual equipment, and sale or renting of musical instruments.

Maldives to get US$12 million World Bank package

The package will improve the efficiency of public services and finances, says the World Bank.

May revenue rises above forecasts

A billion rufiyaa was collected last month by the Maldives tax authority.

Nasheed plans to renegotiate Chinese debt