A digest of news and opinion from the Maldives.
Bank of Maldives’ Head of Risk Yaameen Adam has signed after 30 years of service at the bank. Yaameen had defended BML in a Public Accounts Committee meeting that was held last year regarding the massive MMPRC scandal. Yaameen has stated that he had a plan of resigning this year. However, regardless of his resignation, […]
Palm Beach Island Resort & Spa reveals that the resort has been in negotiations with the State Bank of India (Maldives) to come to a settlement in order to avoid foreclosure of the resort, and have been able to come to an acceptable agreement with the bank out of court against which the Resort has […]
Fly onboard Maldivian to Dhaka, Bangladesh as the airline announces an increase in the number of direct flights to the destination. Maldivian now operates 3 weekly flights to Dhaka. Flights will be operated every Friday, Sunday and Tuesday. One way fare for the flight starts from $433 and has a baggage allowance of 30KG. Passengers […]
As of 1st October 2020, the amount disbursed as Income Support Allowance has reached MVR 96.4 million. Finance Minister Ibrahim Ameer has revealed that the allowance will be provided until the end of 2020 and additional extensions will be provided “if required”. The allowance will be paid out for 6 months (April 2020 – September 2020) […]
The Ministry of Economic Development has abolished 51 private businesses that were registered under the Sole Proprietorship Act (Law No. 19-2014). The businesses were terminated this year February. According to the Ministry, the actions were taken after the necessary procedures were followed through by the authorities. However, the Ministry did not reveal the reason for the termination […]
In 2017, witnessed by President Xi Jinping and Maldivian President Abdulla Yameen Abdul Gayoom, China International Trade Representative (ministerial level) and Vice Minister of Commerce Fu Ziying and Maldivian Minister of Economic Development Mohamed Saeed, on behalf of their own government, signed the Free Trade Agreement between the Government of the People’s Republic of China […]
Looking for an Instagrammable place to eat? The Light House Concept is about anyone starving for fresh and healthy fast food. The cafe will serve unique Sandwiches and Espresso Bar where the guest can experiment with our numerous exciting food and beverages selection that features a modern concept to fit today’s lifestyle. The Sushi Bake […]
The Maldives has won Asia’s Most Romantic Escape award in the first-ever Best of the Decade Awards 2020 held by Smart Travel Asia. The Smart Travel Asia Best in Travel Poll is a market research exercise that has run uninterrupted since 2005. It is an independent, free and fair reader poll covering airlines, airports, destinations and hotels. With […]
Maldives Monetary Authority (MMA), the central bank of the Maldives has once again increased the US Dollar allocation for banks. MMA had increased the issue of dollars to banks twice in the past due to the shortage that arose from the pandemic. According to a statement by MMA, in order to recover from the economic […]