A digest of news and opinion from the Maldives.
Donations of MVR 352,010 received for Dhiraagu Maldives Road Race 2017, was handed over to NGOs by the company. The donations were handover by the management team of the company, during a special ceremony held at the Dhiraagu Head Office on 13 December. This year 9 NGOs took part in the biggest international running race held […]
CTL Strategies LLP has been ranked by AsiaLaw Profiles as one of the top-tier law firms in the Maldives. CTL Strategies has been highly recommended for their Taxation and Litigation practices and the team at CTL Strategies has been praised by their clients as “dedicated and professional” in representing them in foreign investment and, cross […]
Bank of Maldives (BML) is to host a major regional banking conference in the Maldives next year. The Asian Bankers Association (ABA) has announced that its 35th General Meeting and Conference will be held in Kurumba Maldives in November 2018. With 80 member institutions across 25 Asian countries, the ABA works to advance the interests […]
Revamped LTE Broadband services were launched by Dhiraagu, the leading telecommunications provider in the Maldives. Dhiraagu’s LTE Broadband services allow users to install an internet connection in their homes instantly or use it anytime, anywhere without the hassle of cables and wiring. LTE Broadband services were introduced to the Atolls 1 and half years ago, […]
Medhufushi Island Resort The Civil Court has ordered Medhufushi Investments to pay the state USD 2.6 million in fines for default of payment in Medhufushi Island Resort’s rent. The court issued a verdict after Maldives Inland Revenue Authority (MIRA) sued Medhufushi Investments to recover the rent and accumulated fines for default in payments as per […]
The most significant development during the recent visit of Maldivian President Abdulla Yameen Abdul Gayoom to China was the signing of a Free Trade Agreement between the two nations. Though this development does not give any special strategic advantage to China in the immediate future, it reinforces the theory that Maldives is on its […]
Maldives higher education sector has seen many changes in the recent past. Many new colleges and training institutes have entered the concentrated market. With limited number of students in the market to win over, colleges are using multiple techniques / strategies to be ahead in their respective enrollment. This has caused fundamental changes in the […]
Bank of Maldives has opened a new Self Service ATM in GDh. Fares Mathoda as part of its commitment to supporting local communities. In addition to the usual cash withdrawal facilities, the new ATM will support local individuals and businesses to deposit and transfer money on a 24/7 basis. It is part of the Bank’s […]
Maldives Inland Revenue Authority (MIRA), records MVR 910.7 million in income for November 2017. This is 7.5 % more compared to the estimated income for the month. With the earnings of November, the total earning of MIRA has reached MVR 13.8 billion so far in 2017. This is a 4.5% increase compared to the earning […]