A digest of news and opinion from the Maldives.
Bank of Maldives CEO and Managing Director Tim Sawyer highlighted 2019’s strong financial performance of the Bank and its swift response to the pandemic during his update to shareholders at today’s virtual Annual General Meeting. Speaking on the impact of COVID-19, Tim reassured shareholders that the Bank will remain alongside Maldivians through these extraordinary and […]
During the virtual Annual General Meeting (AGM) held on 29th August, State Trading Organisation announced their decision to distribute MVR 58 per share as dividend for 2019. The allocation was finalized by 99.99 per cent of participants at STO’s virtual Annual General Meeting (AGM). As per 2019 statistics, STO recorded MVR 303 million as revenue […]
Komandoo Island Resort, the leading adult’s only resort in the Maldives is ready to welcome guests back after some great upgrades and implementing safety standards to enhance your experience. Be ready for a luxurious escape as Komandoo reopens on 1st September! Situated in Lhaviyani Atoll, a scenic 40-minute seaplane experience from Velana International Airport, Komandoo […]
According to statistics by Maldives Police Service, theft and domestic violence cases reported during August have reduced compared to the month of July. While a total of 30 cases of domestic violence and 275 cases of theft were reported in July, the numbers have decreased to 21 domestic cases and 258 theft cases. This month […]
The MDV economy is highly dollarized. The Financial sector small and dominated by banks with an estimated total asset base of MVR 56 billion. Last three years our usable reserve averaged USD 235 Million. Along with huge current account deficits and subsequent budget deficits over the years, one has to recognize that there are limited […]
Ooredoo Maldives has opened up the much-awaited Samsung Galaxy Note20 & Note20 Ultra devices for pre-bookings, with exciting offers and nationwide delivery. The new Note device is a powerful phone set to put a whole new world, adapting to the new normal and changing the way you work and play. Ooredoo offers free 12 GB […]
The Committee Investigating Public Housing Schemes has invited the public to submit complaints disputing the points allocated to any person on the temporary lists of flat applicants, through the Committee’s dedicated complaints portal. The Committee announced this via a statement published in the Government Gazette today, regarding the complaints portal for the temporary list of […]
The Maldives aims to welcome 500,000 tourists in 2020, the newly appointed Minister of Tourism Dr Abdulla Mausoom revealed. Speaking to a local media, Dr Mausoom said that the government is expecting an influx of around 120,000 tourists starting from September until the end of the year, making the total estimated figures to 500,000 tourist […]
Following the ratification of the second amendment to the Former Presidents Protection and Benefits Act in 2019 by President Ibrahim Mohamed Solih, more than MVR 580,000 will be paid to any former president who served one term in office. The news comes to highlights during a time the government struggles to meet expenditures. As per […]