Skip to content

A digest of news and opinion from the Maldives.

2021

MIFCO to Open Fish Purchasing Center in Gdh. Thinadhoo

MIFCO to Open Fish Purchasing Center in Gdh. Thinadhoo

1 min read

Maldives Industrial Fisheries Company (MIFCO) has been tasked to establish a fish purchasing centre in Gdh. Thinadhoo. A ceremony was hosted to mark this event, graced by the Minister of Fisheries and Agriculture Zaha Waheed as the chief guest. CEO of MIFCO Ismail Fauzee, Thinadhoo Council members and MIFCO’s senior management staff were present at […]

Fertility Support Community Officially Registered as NGO

Fertility Support Community Officially Registered as NGO

1 min read

Fertility Support Community was registered as an official Non-Governmental Organisation in the Maldives on Thursday. Fertility Support Community is the first peer-to-peer support group in the country. The organization aims to protect the rights of individuals facing fertility issues by providing accurate information, conducting awareness programs, and arranging peer-to-peer support group sessions. Co-founder Asha Hussain […]

STO Records Revenue of MVR 1.9 Billion in Fourth Quarter of 2020!

STO Records Revenue of MVR 1.9 Billion in Fourth Quarter of 2020!

2 min read

State Trading Organization (STO) has yesterday publicized its Fourth Quarter Report 2020, outlining key statistics of the company. According to the report, STO recorded total revenue of MVR 1,873 million in the fourth quarter of 2020. Its operating profit during the fourth quarter stood at MVR 151 million. Net profit was MVR 91 million during […]

ADK Alters Operation Procedures Amid Spike in Covid Cases

ADK Alters Operation Procedures Amid Spike in Covid Cases

2 min read

ADK Hospital has changed its admittance and operations procedure as the number of COVID-19 continues to increase. The private hospital reported via a press release that all Out Patient Department (OPD) consultations will be conducted virtually due to some staffers being placed in quarantine. ADK hospital further comments that the health facility will be discontinuing […]

Allied Insurance Celebrates 36 Years of Service

Allied Insurance Celebrates 36 Years of Service

2 min read

Allied Insurance Company has yesterday celebrated its 36th anniversary, marking a significant milestone in its company journey. In 1985, Allied Insurance Company started off as a joint venture between Commercial Union Assurance Company, UK and State Trading Organization (STO), the nationwide leader of all commercial activities in the Maldives. In early 1987, STO bought back […]

Regulation Publicized for Minimum Standards Required for Employee Accommodations

Regulation Publicized for Minimum Standards Required for Employee Accommodations

1 min read

The Ministry of Economic Development has gazetted regulations for the minimum standards that must be upheld’ in providing accommodations to employees. The regulation details security measures employers must establish within employee accommodations, as well as specifications relating to the size, ventilation, cleanliness, plumbing, utility access, waste management, and fire safety. Additionally, the regulation also describes […]

Successfully Levelled and Compacted Play Area at R. Ungoofaaru School: MTCC

Successfully Levelled and Compacted Play Area at R. Ungoofaaru School: MTCC

1 min read

Maldives Transports and Contracting Company (MTCC) reports that they have successfully completed levelling and compaction of a play area (95 feet x 55 feet) at R. Ungoofaaru School on 29 January 2021. This is project was an initiative undertaken under MTCC’s Corporate Social Responsibility. The state-run is actively involved with the community through its CSR […]

State Revenue at MVR 446.1m in Three Weeks

State Revenue at MVR 446.1m in Three Weeks

1 min read

The stated earned MVR 446.1 million in the first three weeks since the beginning of this year, according to statistics published by the Ministry of Finance. While the revenue stands at MVR 446.1 million, the expenditure stood at MVR 644 million by January 21st. It was also detailed that 73 per cent of the state […]