A digest of news and opinion from the Maldives.
Maldives Transport and Contracting Company Plc first sold their shares to the public in 1980. In 1984, they went for the second round of shares and now the company is preparing to sell their shares for a third time under a rights issue. During their 2016 annual general meeting, MTCC split every 10 shares into […]
On the occasion of World Post Day, Maldives Post has introduced “Pik Post” with self-service facilities. These new services were introduced by Home Minister Mr Azleen Ahmed and in his speech he highlighted on the developments brought about in the postal services by Maldives Post. He also stated that for a country where e-commerce is […]
The Maldives Ministry of Fisheries and Agriculture conducted an assessment on the level of illegal fishing taking place in Maldivian waters based on Automatic Identification System (AIS) data that was collected through satellite service providers. Over a period of two years, a total of 432 fishing vessels were identified as engaging in “potentially illegal fishing […]
The Government of Maldives has ‘invited’ an Indian arms dealer’s company to construct an international airport in the country. RaajjeMV understands the deal was carried out without the bidding process. The company, RaajjeMV understands, is Olialia and is owned by Anca Verma, spouse to known arms dealer Abhishek Verma. The 30-year old Anka Verma is […]
The Maldives has issued a sovereign guarantee for a US$370 million (MVR5.6 billion) loan for the development of 7,000 housing units in the capital’s suburb Hulhumalé. The development of the housing units, by China Construction Company Limited, is financed by the Industrial Commercial Bank of China. The government’s decision to issue a sovereign guarantee for […]
Taxpayer Service Centre in MIRA’s main office. FILE PHOTO/MIHAARU Maldives Inland Revenue Authority (MIRA) has filed 12 cases of tax evasion at the Civil Court. The lawsuits were filed on September 27 against companies and individuals for evading the Goods and Services Tax (GST) they owed to MIRA. Collectively, all 12 parties owe MVR 5 […]
Maldives flagship carrier Maldivian has announced that they are to expand their seaplane operations with 5 more aircrafts expected to enter into service soon. “Maldivian will take delivery of a new DH-6 Twin Otter aircraft next month. Three more similar aircraft would enter into service early 2018.” Abdul Haris, Managing Director of Island Aviation Services […]
Capital Market Development Authority (CMDA) has endorsed Corporate Maldives Gold 100 Gala 2017 which is due to be held at Bandos Island Resort and Spa in February 2018. Corporate Maldives has been actively recruiting nominations for GOLD 100 which will be a list of leading 100 companies of the Maldives in 2017. The deadline for […]
