A digest of news and opinion from the Maldives.
The only fully-fledged Shari’ah compliant insurance service provider, Amãna Takaful Maldives has conducted the ninth AGM on a virtual platform for the first time. Given the trying conditions arising from the global pandemic, Amãna Takaful decided to host this historical AGM virtually adhering to social distancing guidelines set out by the health authorities. At the […]
If there is one topic to discuss that event organizers can agree upon, it is the disruption that’s caused by the current crisis. In less than a year, it has made sweeping changes in the landscape of the events industry. This is evident from the massive number of events either put on hold or cancelled. […]
Today, the global pandemic, COVID-19, has affected several industries around the world. It has swiftly spread from nation to nation and has transgressed the epidemics in the past both in the rate of infection as well as economic damage. Amid the on-going health crisis, business leaders are facing a new reality while preparing for an […]
Bank of Maldives (BML) has announced that the bank will open on 27th and 29th April from 9:30 am to 12:30 pm, to provide essential services. BML will be essential services including international transfers, payroll services, Cheque processing for ATM cheques, and local bank transfer services. BML has stated that if requests are received after […]
Economic Minister Fayyaz Ismail has said that the government has decided to pay MVR 5,000 per month as unemployment benefits to those who lost their jobs due to COVID-19. The spread of COVID-19 has caused has a toll on the global and the Maldivian economy. To reduce costs during this time, companies have started to […]
Maldives follows the WHO guidelines in crisis management by facilitating the medical facilities and manpower in the country to the COVID-19 task force. These include doctors, nurses, technicians, radiologists, and even administrators. What about the patients that require ordinally urgent care? Even in the midst of a pandemic, people will still have heart attacks and […]
There have been a total of 95 confirmed cases of COVID-19 with no fatalities in the Maldives, at the time of writing. Here are the latest updates on COVID-19 as of 23rd April. Virus Timeline in the Capital City Male’ The number of positive cases from Male’ city is at 75 with 9 new cases […]
Finance Ministry has requested withdraw MVR 4.4 billion to ensure uninterrupted services of state institutions amid the economic downfall caused by COVID-19. Finance Ministry has highlighted the expenses needed to cover for the functioning of the services for overcoming the current economic and financial constraints. The ministry has presented a document noting necessary measures that […]
The government has imposed a 14-day lockdown amid the community spread of COVID-19 in the Greater Male’ area. Consequently, there is a surge in the consumption rates of electricity. The government will be subsidizing 40% of the April and May month’s electricity bills. STELCO assures to maintain the connection of electricity during the lockdown. As […]