A digest of news and opinion from the Maldives.
Six Sri Lankan fishermen whose fishing craft met with an accident in the deep seas of the Maldives are found to be safe. A wife of one of those fishermen told ‘Hiru News’ that the fishermen are now in an island there. The fishing craft ‘Lakpriya 1’ had left the island from Beruwala Fisheries Harbour […]
Last week, Maldives rushed through the much-criticised Free Trade Agreement with China in the Parliament, a move which is being perceived in New Delhi as Male cosying up to Beijing. This is also Maldives’s first FTA with any country. Now that the agreement has been signed between China and Maldives, India on Thursday said it expected […]
While some of the techno gadgets such as Smartphones, Go Pro, Drones diffusion in the Maldives market is extremely fast, it takes longer to absorb economic and technical advances which are non-tangible. According to NPR, if you had bought $1000 worth of Bitcoin in 2010, that investment would be worth $20 million today. That is […]
Profit earned by banks in the Maldives increased by 14% during the third quarter of 2017. According to Maldives Monetary Authority (MMA), by the end of last quarter, a 14% increase in bank profits was recorded. The main reasons cited by the central bank are pending repayments collected for loans and growth in overall income […]
Justly famous for its idyllic palm-fringed resorts in the middle of the vast Indian Ocean, the Maldives is now eager to add to its persona by becoming the Dubai of the South Asian region – an ideal place for entrepreneurs from the region and beyond to network and strike deals in a uniquely pleasant and […]
The Commercial Bank of Maldives (CBM), a subsidiary of the Commercial Bank of Ceylon PLC, recently opened its second branch in the Maldives, a little over a year since it commenced operations in the archipelago. The new branch is located in Hulhumalé, the reclaimed island that is connected by road to the airport island of […]
SolarWorld supplies solar modules with a capacity of 150 kWp for a hybrid power station on the Maldives island of Ellaidhoo. In the future, guests at the Ellaidhoo Maldives Hotel will be supplied with clean solar power, and as a result, the unique nature of the reef will be preserved. The hotel resort is certified […]
A multi-day fishing craft that sailed out from Beruwala Fisheries Harbour with 6 local fishermen has met with an accident in the seas off the Maldives. The fishing craft, Lakpriya 01, left the habour on 21st of November. The relatives of the fishermen had been informed of the accident last Friday (16). The owner of […]
The US$200 million China-Maldives Friendship bridge will be completed in the first week of July, a government minister has said. The bridge will span from the capital Malé’s eastern edge to the western corner of the island of Hulhulé. Housing Minister Dr Mohamed Muiz said the project was on schedule. Just completed a comprehensive progress […]