A digest of news and opinion from the Maldives.
Development of a 50 megawatt power plant in Hulhumale by Dongfang Electric Corporation of China. State Electric Company (STELCO) has decided to award the project to lay a high voltage power cable between capital Male and reclaimed suburb Hulhumale to Dongfang Electric Corporation (DEC) of China for USD 38.6 million (MVR 567.4 million). STELCO’s director […]
Local market stalls in the capital are leased to those favoured by ruling party lawmakers, a leaked Viber chat log has shown. The log, believed to be from the Progressive Party of Maldives parliamentary group, shows a message from MP Ahmed Nihan. “Today, the housing ministry informed me that stalls will be given as per […]
MPL’s chairman, CEO, and the now-dismissed Ali Adam pictured during the company’s annual general meeting in 2017. PHOTO/MPL Four members of Maldives Ports Limited (MPL)’s board have been dismissed and three new members have been appointed. The members dismissed from the board include veteran member, Director General of Transport Authority Abdul Nasir, Ahmed Shareef, Ali […]
MIFCO and the environment ministry sign agreement to ban the use of HCFCs in refrigerants in the fisheries industry. PHOTO/ENVIRONMENT MINISTRY Maldives Industrial Fisheries Company (MIFCO) and the environment ministry on Tuesday signed a pact to phase out the use of hydrochlorofluorocarbons (HCFC) in the fisheries industry’s refrigerants. State environment minister Abdulla Ziyad and MIFCO’s […]
Bank of Maldives has today signed an agreement with the publishers of Corporate Maldives as the Platinum Partner of the “Gold 100” Awards for leading businesses in the country. This is the second year in a row in which the Bank has partnered with the local business publication “Corporate Maldives” to present these awards. As […]
Hospital investors have been given 10 days to resolve a dispute over alleged corruption and mismanagement of funds. Local and Indian investors at Kulhudhuffushi Regional Hospital were given the deadline by the Health Ministry, which has taken over the facility’s administrative work amid fears services might stop because of the row. The hospital, which serves […]
A Neos airliner from Italy lands at VIA on January 9, 2018. PHOTO: NISHAN ALI/MIIHAARU Last Sunday marked the highest amount of aircraft movements recorded in the history of Velana International Airport (VIA), revealed its operator Maldives Airports Company Ltd (MACL) on Tuesday. The company’s manager of corporate affairs, Hassan Areef, stated that VIA recorded […]
The residents of H. Dh. Kurimbi bringing ashore the boat that ran aground a reef early on January 09, 2018. The boat was en route to H. Dh. Kulhudhufishi when the incident occurred. PHOTO / ALI UWAISH The Haa Dhaalu atoll ferry ran aground a reef Tuesday morning while carrying over 70 passengers from […]
GOLD 100 2016 – Inside the Ballroom of Kurumba Maldives Corporate Maldives has announced that they have received more than 150 nominations for their most anticipated event of the year “GOLD 100 Gala”. Advisory partner CTL Strategies has officially started evaluating these nominations and cross-checking the data provided in order to provide Corporate Maldives with […]