A digest of news and opinion from the Maldives.
The loan is given to small and medium enterprises (SME) to financially assist them amidst the COVID-19 pandemic has been extended from MVR 18,000 to MVR 30,000, according to Finance Minister Ibrahim Ameer. In a press conference, Minister Ameer stated that even though the government initially allocated MVR 18,000 for SME’s loan in the relief […]
In the first quarter of 2020, State Trading Organisation (STO) earned MVR 2.4 billion as revenue, according to the 1st quarter reports of state-owned company STO. In the 1st quarter of 2020, STO has earned MVR 2.4 billion as revenue and MVR 160 as operating profit. STO has made a net profit of MVR 114 […]
The total number of confirmed cases in the Maldives has reached 1,078, with 1,015 active cases, 59 recoveries, and 4 fatalities. Here are the latest updates on COVID-19 Announcements by HPA 47 new cases of COVID-19 confirmed in the Maldives, and it includes a 1-month old boy. Almost 200 frontline workers have been tested for […]
Government of Maldives has closed its borders and declared lockdowns under its efforts to curb the spread of COVID-19. As a result, several companies have opted for lay-offs, redundancy, and salary cuts to cover expenditures. As the lockdown prolongs the unemployment rate is expected to swell while employees debate whether their unemployment is temporary or […]
Here are the latest news updates of 17th May 353 Bangladeshi Nationals Repatriated The Maldives has repatriated 353 undocumented Bangladesh workers. Finance Minister Abdulla Shahid has said that migrant workers will be repatriated on board a chartered Biman Bangladesh Airlines flight which brought equipment and medical supply for COVID-19 Village Hospital. He further stated that […]
The government of Maldives is working on acquiring MVR 200 million from foreign financial institutes as funds to recover from the COVID-19 pandemic. Finance Ministry has stated that the MVR 200 million might not be sufficient to fully manage the country. Chief Financial Budget Executive Ahmed Sharuvash Adam has said that the state revenue has […]
1% of each in-store sale made at Mango Stores will be donated to World Health Organization (WHO)’s COVID-19 funds to support vulnerable health care systems and groups during the pandemic, said the Catalan fashion label. Mango further stated that the initiative will be implemented over the next months through physical stores in Europe, Russia, Turkey, […]
Ooredoo enabled its customers to make their Zakat payments to the Islamic Ministry at the convenience of their homes via m-Faisaa on Ooredoo App. The payment process via m-Faisaa is short and simple. To pay Zakat Log in to m-Faisaa Select ‘Fitr Zakat’ from m-Faisaa services Select the type of rice/flour Enter payer details & […]
The total number of COVID-19 cases in the Maldives has reached 1,031, with 978 active cases, 49 recoveries, and 4 fatalities. Here are the latest updates on COVID-19. Announcements by HPA The new cases include a muezzin (mudhim) at a local mosque, and a patient undergoing dialysis at IGMH. HPA reports three more recoveries from […]