A digest of news and opinion from the Maldives.
HSC Maldives has opened a new showroom of HSC Euro, in the heart of Male’ City. The showroom is located in G. Fange on Majeedhee Magu, in front of Heenaamaage Parking Zone. The spacious showroom comprising of two floors displays the complete range of HSC products including Bar2000 Coffee, Malizia, Milmil, Breeze, Intesa, Benefit, Diplo […]
With the reopening of Maldives’ border amidst the COVID-19 pandemic, all the key stakeholders of the tourism industry have been working together in implementing precautionary measures. Following the Ministry of Tourism circular on 10th August 2020 regarding PCR tests for departing tourists, National Boating Association of Maldives (NBAM) together with the Ministry of Tourism, Housing […]
Seagull Foods offers a wide range of processed food products of the highest quality imported directly from renowned Australian manufacturers. From drinks to satisfy your thirst instantly to dairy products that you can use in a variety of recipes, Seagull offers products that save you a lot of time and makes your life easier. Breakfast […]
The contract for the establishment of 5 eco-tourism zones in Addu city has been rewarded to the Maldivian government and Addu city council by the Indian High Commission. The virtual ceremony for contracting of this project has been participated by Foreign Secretary Abdulla Gafoor, Ambassador of Maldives from India, Sunjay Sudeer, Addu City representatives of […]
The Government has expressed interest in merging the Greater Male’ Industrial Zone Limited (GMIZL) with Housing Development Corporation (HDC). According to the Managing Director of GMIZL, Ibrahim Rasheed, (Maagili Iboo) the government has been discussing merging the projects of both the establishments. He stated that a board meeting will be held tomorrow for share transfer […]
The Maldives Industrial fisheries Company, MIFCO has introduced various COVID-19 safety measures to protect the company’s employees, fishermen and the public, as the number of positive cases in the country continues to deteriorate. Following Health Emergency Operation Center (HEOC) instructions to wear a mask in all islands in the Maldives, MIFCO has distributed masks to […]
To foster business enterprises, especially for the growth of women entrepreneurship, SME Development Finance Corporation (SDFC) earmarks 25% of its loan portfolio to women. Funding empowerment for women-owned SMEs has been one of the major policies of the government. SME loans allocated for women per year takes up 25% of the portfolio. A total of […]
Ministry of Fisheries, Marine Resources and Agriculture has enabled the engagement of companies interested in buying skipjack tuna. According to the Ministry of Fisheries, Marine Resources and Agriculture, this decision is aimed at improving the fisheries industry and to provide opportunities to other companies for purchasing skipjack tuna. This act will contribute to the sales […]
Like many other countries in the world, the developing economy of Maldives is also facing a dollar shortage. This has resulted in severe difficulties for businesses operating in the country, as the price of the dollar keeps on increasing. How significant is this dollar shortage? “Dollar inflow into the country has stopped. With the re-opening […]