A digest of news and opinion from the Maldives.
The finance ministry has loaned MVR46.3 million (US$3 million) to the State Trading Organisation to prop up its subsidiary fisheries company. The debt-ridden Maldives Industrial Fisheries Company was incorporated under the umbrella of the STO group, the largest state-owned enterprise and the country’s primary wholesaler, in October last year. According to the finance ministry, the loan is intended to […]
The central bank of the Maldives and the main regulator of the financial sector in the country, Maldives Monetary Authority (MMA) has stated that the country’s usable financial reserve has decreased by 8 percent due to the increase in the amount of USD sold by the institution. According to the Monthly Statistics published by MMA, […]
President Abdulla Yameen Abdul Gayoom has urged Maldivians to get inspired from the courage Maldivian armed forces displayed on 3rd November 1988, and insisted to be more vigilant of potential outside threats to Maldivian territory. He reiterated that we will never tolerate being under the influence of a foreign party. He made this remark in […]
Goals for job creation, economic development, sustainability aligned: (from left) Singha Estate’s Chayanin Debhakam, Maldives’ economic development minister Mohamed Saeed, Singha Estate’s Chutinant Bhirombhakdi, Maldives’ tourism minister Moosa Zameer, Singha Estate’s Naris Cheyklin Having broken ground on an ambitious nine-island resort project in the Maldives, Thai developer Singha Estate is eager to realise its vision […]
Trans Maldivian, which owns one of the world’s biggest seaplane fleets, carries visitors from the country’s international airport to luxury resorts on other islands. Bain Capital LP is in the final stages of bidding for Blackstone Group LP’s seaplane operator in the Maldives, the tropical island chain known for its white sand and turquoise waters, […]
With over 100 luxury private islands to choose from, ranging from beautiful boutique resorts to amazing five star luxury, it’s little wonder why many visitors look no further than their mask and snorkel when planning a holiday to the Maldives. But these stunning islands deserve a bit more attention, so Magicmaldives have produced an infographic […]
By James M. Dorsey A target of massive Saudi investment, the Maldives severed diplomatic relations with Qatar hours after a Saudi-UAE-led alliance of largely financially dependent states declared in June an economic and diplomatic boycott of the Gulf state. That didn’t stop the Football Federation of Maldives from signing a cooperation agreement with its Qatari […]
President Abdulla Yameen Abdul Gayoom has sent a message of sympathy to the President of the United States of America, His Excellency Donald J. Trump, following the terrorist attack in New York City. The President’s message reads as follows: “I was deeply shocked and saddened to learn of the cowardly terrorist attack today in New […]
President Abdulla Yameen Abdul Gayoom has arrived in Nilandhoo Island of North Nilandhe Atoll today, as part of his current visit to the atoll. Upon arrival, the President was warmly welcomed by the island’s community. During his current visit to Nilandhe Atoll, the President has inaugurated the Dhaalu Airport in Kudahuvadhoo Island, and launched sewerage […]