A digest of news and opinion from the Maldives.
The Maldives Industrial fisheries Company, MIFCO has introduced various COVID-19 safety measures to protect the company’s employees, fishermen and the public, as the number of positive cases in the country continues to deteriorate. Following Health Emergency Operation Center (HEOC) instructions to wear a mask in all islands in the Maldives, MIFCO has distributed masks to […]
To foster business enterprises, especially for the growth of women entrepreneurship, SME Development Finance Corporation (SDFC) earmarks 25% of its loan portfolio to women. Funding empowerment for women-owned SMEs has been one of the major policies of the government. SME loans allocated for women per year takes up 25% of the portfolio. A total of […]
Vice President Faisal Naseem has held a virtual meeting with the members of the Social Ethics Committee to discuss social challenges faced by Maldivian society and plans to strengthen societal welfare and wellness. Speaking at the meeting, Vice President Faisal Naseem stressed the importance of early childhood education to nurture healthy societal change. He further […]
Ministry of Fisheries, Marine Resources and Agriculture has enabled the engagement of companies interested in buying skipjack tuna. According to the Ministry of Fisheries, Marine Resources and Agriculture, this decision is aimed at improving the fisheries industry and to provide opportunities to other companies for purchasing skipjack tuna. This act will contribute to the sales […]
Like many other countries in the world, the developing economy of Maldives is also facing a dollar shortage. This has resulted in severe difficulties for businesses operating in the country, as the price of the dollar keeps on increasing. How significant is this dollar shortage? “Dollar inflow into the country has stopped. With the re-opening […]
Trans Maldivian Airways has added stringent measures in the new normal of air travel, setting industry-leading standards for passengers travelling onboard its seaplanes. The unique and scenic seaplane journey with an enhanced level of flight safety, superior hygiene and comfort, ensures that you can travel confidently with Trans Maldivian Airways. TMA provides transfers to over […]
Ministry of Tourism has prohibited locals in the Maldives from going to resorts and other tourist facilities for leisure purposes. This measure was taken as an additional attempt to curb the spread of the disease in the island nation. The Ministry has instructed all tourist facilities to follow the regulation until a further announcement. This […]
In the first 6 months of 2020, government revenue has shown a significant decrease of 43%, limiting its expenditures. According to the monthly fiscal development report by the Finance Ministry, MVR 6.5 billion has been issued to the government as income and as donations till the end of June 2020. This amount has been at […]
Lotus has introduced Oho Cereals from the European Union. Oho products, made with whole grain, are the right choice for your children to jump-start their day. Oho cereals have a full product range that will delight your child: Morning School 175g / Cocoa Mix 250g / Choca 250g / Three Friends 250g / Kramsi Chocolate […]