The Bank of Maldives has announced plans to slash interest rates on housing and personal loans and has launched a new loan scheme to encourage investment...
The main opposition Maldivian Democratic Party has called for an inquiry into the sudden hike in Maldives’ foreign reserves. The source of some US$400million is unknown,...
Ruling coalition MP and tourism tycoon Ahmed Siyam’s Sun Travel and Tours has been ordered to pay US$24million in damages for the abrupt termination of a...
Households across the country are facing higher electricity bills in March after the government revised tariff rates and decided to discontinue electricity subsidies next month.
Abdul Hameed Moosa first went on strike on January 18 claiming Zitahli - owned by AAA Hotels and Resorts - had failed to pay service charge...
Speaking to reporters after returning from an official visit to China to attend the AIIB's inaugural board of governors meeting in Beijing, Muiz said that the...
A visiting IMF mission said today that the "unprecedented scale up in public infrastructure" - including the expansion of the international airport and construction of the...
Tourist arrivals grew by 2.4 percent in 2015, reaching a total of 1.2 million but falling short of the government's target of 1.5 million visitors. Arrivals...
Jumhooree Party Leader Gasim Ibrahim's Villa Company has won back all five properties seized by the government during a political crisis triggered by the JP's split...
"A 9.7 percent shortfall in revenue collection for December 2015 compared to the projection was observed for Green Tax, tourism sector GST and airport service charge....
A woman has accused five-star resort W Retreat and Spa of racism after staff refused to shelter her and her ten-year-old son on the island during...
More than 60 businesses across the country have been fined by MVR10,000 (US$648) over the past year for employing foreigners, local media report. Small business owners...
Companies affiliated with ruling Progressive Party of the Maldives MPs Mohamed Musthafa, Hussain Manik Dhon Manik and Riyaz Rasheed, and main opposition Maldivian Democratic Party’s Ahmed...
In a meeting with General Prayut Chan-o-cha on Monday, Yameen expressed hope for a visa waiver agreement between the two countries to facilitate trade and economic...
"Today you have made our impossible dream a reality," President Yameen said at last night's commencement ceremony, expressing "profound gratitude" to Chinese President Xi Jinping.
Several employees at the Holiday Island Resort are owed three months worth of service charges, Ramadan bonuses, and last year's travel allowance.
Tourism Minister Moosa Zameer signed the "preferential buyer credit loan agreement" with the Chinese EXIM Bank yesterday during his ongoing official visit to China. The funds...
