A digest of news and opinion from the Maldives.
Development of a 50 megawatt power plant in Hulhumale by Dongfang Electric Corporation of China. On the orders of the Anti-Corruption Commission, State Electric Company (STELCO) has halted awarding the project to lay a high voltage power cable between capital Male and reclaimed suburb Hulhumale to Dongfang Electric Corporation (DEC) of China. DEC had proposed […]
Revenue collected by Maldives Inland Revenue Authority (MIRA) has increased by 6.8% from expected figures. The government tax authority confirms that the state collected MVR 15.1 billion at the end of 2017, which is a 4.8% increase compared to the revenue collected in 2016, which was MVR 14.5 billion. This has been registered as a […]
Development of a 50 megawatt power plant in Hulhumale by Dongfang Electric Corporation of China. State Electric Company (STELCO) has decided to award the project to lay a high voltage power cable between capital Male and reclaimed suburb Hulhumale to Dongfang Electric Corporation (DEC) of China for USD 38.6 million (MVR 567.4 million). STELCO’s director […]
MPL’s chairman, CEO, and the now-dismissed Ali Adam pictured during the company’s annual general meeting in 2017. PHOTO/MPL Four members of Maldives Ports Limited (MPL)’s board have been dismissed and three new members have been appointed. The members dismissed from the board include veteran member, Director General of Transport Authority Abdul Nasir, Ahmed Shareef, Ali […]
A Neos airliner from Italy lands at VIA on January 9, 2018. PHOTO: NISHAN ALI/MIIHAARU Last Sunday marked the highest amount of aircraft movements recorded in the history of Velana International Airport (VIA), revealed its operator Maldives Airports Company Ltd (MACL) on Tuesday. The company’s manager of corporate affairs, Hassan Areef, stated that VIA recorded […]
During the launching ceremony of DhiraaguTV in Lhaviyani atoll on January 8, 2018. Local telecom giant Dhiraagu has launched high-speed fibre broadband services and DhiraaguTV in the islands of Naifaru and Hinnavaru in Lhaviyani Atoll. DhiraaguTV was previously available to both the islands through mobile broadband. However, the telecom company launched DhiraaguTV with fixed broadband […]
Top government officials discussing the Emboodhoo Lagoon project, after the ceremony that was held to inaugurate the government’s integrated resort project. MIHAARU PHOTO / HUSSEIN WAHEED Local businesses would have the opportunity to establish their presence at the USD 800 million project, “Enboodhoo Lagoon” being developed in Kaafu atoll, an official from the project revealed […]
The new members appointed to MMA’s Board of Directors (L-R): Ihsan, Idhuham and Janah. Former director of Maldives Association of Construction Industries (MACI) Mohamed Ali Janah and former captain of Maldives National Defence Force (MNDF) Ali Ihusan were appointed as board members of Maldives Monetary Authority (MMA) on Sunday. Ali Ihusan had been filling the post […]
Aerial view of private jets parked at Velana International Airport on December 28, 2017. PHOTO/MACL More than 140 private jets swamped Velana International Airport within one week as international tycoons and celebrities arrived in the Maldives to celebrate Christmas and the New Year. The peak tourism season in the Maldives is the duration of winter […]