A digest of news and opinion from the Maldives.
With a large increase in the number of unauthorized transactions, BML recently blocked selected PayPal merchants to minimize exposure of customers to fraudulent transactions. This measure was taken in line with standard practice to protect our customers. As a result of blocking these merchants, customers also faced an issue in linking BML cards to their PayPal accounts. The […]
On 7th October 2020, MTCC made a drastic change by making all its crew on the Mahaa Jahraafu dredger Maldivians. The dredger, which started its operations with a foreign crew, will now employ 17 locals. “The historical milestone of changing the crew working onboard Mahaa Jaraafu to Maldivians will not only reduce our wage bill […]
Maldives Marketing and Public Relations Corporation (MMPRC) has re-commenced familiarization trips from major markets to the Maldives, under the theme “Rediscover Maldives …the sunny side of life.” The familiarization trips have resumed after its discontinuation due to the closing of borders and implementation of travel restrictions amidst the COVID-19 situation. The aim of the fam […]
The G7 Home Gym features dual-adjustable pulleys that offer nearly limitless home exercise variety and customization. Cable Motion strength training helps you build balance, stability and power. Cable Motion Moves Cable Motion Technology allows for maximum exercise variety, utilizes more muscle fibres and works for more muscle groups simultaneously than traditional fixed motion exercises. Real […]
Bank of Maldives’ Head of Risk Yaameen Adam has signed after 30 years of service at the bank. Yaameen had defended BML in a Public Accounts Committee meeting that was held last year regarding the massive MMPRC scandal. Yaameen has stated that he had a plan of resigning this year. However, regardless of his resignation, […]
Palm Beach Island Resort & Spa reveals that the resort has been in negotiations with the State Bank of India (Maldives) to come to a settlement in order to avoid foreclosure of the resort, and have been able to come to an acceptable agreement with the bank out of court against which the Resort has […]
Fly onboard Maldivian to Dhaka, Bangladesh as the airline announces an increase in the number of direct flights to the destination. Maldivian now operates 3 weekly flights to Dhaka. Flights will be operated every Friday, Sunday and Tuesday. One way fare for the flight starts from $433 and has a baggage allowance of 30KG. Passengers […]
The Ministry of Economic Development has abolished 51 private businesses that were registered under the Sole Proprietorship Act (Law No. 19-2014). The businesses were terminated this year February. According to the Ministry, the actions were taken after the necessary procedures were followed through by the authorities. However, the Ministry did not reveal the reason for the termination […]
In 2017, witnessed by President Xi Jinping and Maldivian President Abdulla Yameen Abdul Gayoom, China International Trade Representative (ministerial level) and Vice Minister of Commerce Fu Ziying and Maldivian Minister of Economic Development Mohamed Saeed, on behalf of their own government, signed the Free Trade Agreement between the Government of the People’s Republic of China […]