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A digest of news and opinion from the Maldives.

Business

mtcc and mpl CEOs

MTCC to revamp two wharfs of Maldives capital

1 min read

MPL and MTCC sign agreement awarding the renovation of the quay walls of Male Commercial Harbour and T-Jetty to MTCC. PHOTO/MPL Maldives Ports Ltd (MPL) on Tuesday awarded the project to restore the quay walls of the Commercial Harbour and T-Jetty in capital Male to Maldives Transport and Contracting Company (MTCC) for MVR 9 million. […]

Maagiri Hotel, the new luxury tourist hotel being developed in front of the Hulhumale ferry terminal in Male. PHOTO: HUSSAIN WAHEED/MIHAARU

Maagiri Hotel in Maldives capital to be unveiled late Dec

1 min read

Maagiri Hotel, the new luxury tourist hotel being developed in front of the Hulhumale ferry terminal in Male. PHOTO: HUSSAIN WAHEED/MIHAARU The new luxury “Maagiri Hotel” being developed in capital Male will be unveiled later this month, announced the hotel’s contractor Regent Maldives. According to Malla Ahmed Nasir, a stakeholder of Regent Maldives, development of […]

Aaital Khosla (C), Miss Earth India 2015, pictured at the tree planting programme at Sun Island Resort and Spa. PHOTO/SUN ISLAND

Former Miss Earth India takes part in Sun Island tree planting programme

1 min read

Aaital Khosla (C), Miss Earth India 2015, pictured at the tree planting programme at Sun Island Resort and Spa. PHOTO/SUN ISLAND Aaital Khosla, who represented India at the Miss Earth 2015 pageant, participated in a tree planting programme hosted by Sun Island Resort and Spa. According to the resort, the tree-planting programme was organised by […]

IMF’s Deputy Division Chief Philippe Karam speaks at press conference at the end of IMF's annual visit to Maldives. PHOTO: HUSSAIN WAHEED/MIHAARU

IMF raises concerns over Maldives’ “volatile” economic growth

2 min read

IMF’s Deputy Division Chief Philippe Karam speaks at press conference at the end of IMF’s annual visit to Maldives. PHOTO: HUSSAIN WAHEED/MIHAARU The International Monetary Fund (IMF) has raised concerns over the “volatility” of the Maldives’ economic growth. IMF had released a report on Friday, detailing the views of its Executive Board expressed in October, […]

Economic Minister Mohamed Saeed

Maldives pushes for free trade pact with China in parliament

3 min read

Economic Minister Mohamed Saeed (C) pictured at a free trade discussion. The Maldives’ government on Wednesday decided to enter the long-discussed free trade pact with China, and submitted the proposal to the parliament for review. The president’s Cabinet ministers made the decision to sign the free trade agreement with China at a meeting held earlier […]

Tourism contribution to GDP nosedives despite revenue spike

2 min read

Two tourists being served at Sun Island Resort & Spa. PHOTO: NISHAN ALI/MIHAARU The tourism sector’s contribution to the Gross Domestic Product (GDP) of the Maldives has dropped over the past four years despite increasing by 53.7 percent in revenue. According to the official statistics published by the National Bureau of Statistics on Monday, tourism […]

STO hikes rates of petrol, diesel again

1 min read

A customer pictured at an FSM fuel shed in Male. PHOTO/MIHAARU State Trading Organisation (STO) on Sunday raised the prices of petrol and diesel by 35 laari (MVR 0.35) per litre and 44 laari (MVR 0.44) per litre respectively. The company stated the price hike is in accordance with the changes in fuel rates in […]

Maldivian crashed on take off

Maldivian refutes allegations made by two Brit tourists over seaplane crash

2 min read

The seaplane of Maldivian after it lost its pontoon during take-off from Dhoores Retreat Resort. Island Aviation Services (IAS) has refuted allegations made by two British tourists who were onboard a Maldivian seaplane that crash-landed in the sea while taking off from Dhoores Retreat Resort last week. The incident occurred on November 16 when the […]

Maldives Investment Forum

Maldives Investment Forum to be held Dec 18

2 min read

Promotional poster for the Maldives Investment Forum 4th Edition to be held in Dubai on December 18, 2017. The fourth Maldives Investment Forum is to be held in Dubai on December 18 and will include the tourism sector this year. The forum previously scheduled for Qatar will now be held in Dubai’s International Convention and […]