A digest of news and opinion from the Maldives.
While some of the techno gadgets such as Smartphones, Go Pro, Drones diffusion in the Maldives market is extremely fast, it takes longer to absorb economic and technical advances which are non-tangible. According to NPR, if you had bought $1000 worth of Bitcoin in 2010, that investment would be worth $20 million today. That is […]
Foreign investments approved this year has already passed the USD 1 billion mark, according to Registrar of Companies, Ms Mariyam Visam. Over the past 3 years, each year the Ministry of Economic Developments has approved foreign investments worth commitment of USD 1 billion. This year, due to real estate and construction projects that are underway, […]
The National airline, Maldivian has been handed the responsibility to ferry tourists to the developing integrated tourist city, Laamu Baresdhoo. Baresdhoo is an integrated resort project being developed by the Maldives Integrated Tourism Development Corporation Ltd (MITDC). An agreement has been made between MITDC and Island Aviation Services (AIS) who operates the national airline Maldivian. […]
Ministry of Economic Development of Maldives has announced that they are to host their prime investment event “Maldives Investment Forum” on the 18th of December 2017 in Dubai, United Arab Emirates. The government of Maldives announced that they are to host the 4th annual Investment Forum on the 14th of September 2017, although the host […]
Maldives Transport and Contracting Company Plc first sold their shares to the public in 1980. In 1984, they went for the second round of shares and now the company is preparing to sell their shares for a third time under a rights issue. During their 2016 annual general meeting, MTCC split every 10 shares into […]
Tree Top Hospital developed in Hulhumale’ by Tree Top Investments, the joint venture by Casa Holdings, Champa Brothers and Kuredhoo Holdings have informed that the hospital will be opened for service within 2 months. The CEO of Tree Top Hospital, Grant Muddle stated that they are currently discussing on the coverage of Aasandha and other […]
Following a year in which Bank of Maldives recorded its best ever financial performance, CEO Andrew Healy has emphasized that the Bank is keeping its promise to re-invest its earnings to support Maldivian individuals, families and businesses across the country. Addressing shareholders at the Bank’s AGM tonight, Andrew stated that the Bank had invested MVR […]
Bank of Maldives has confirmed that its shareholders will receive a record dividend for the fourth consecutive year. Shareholders voted to approve the proposed pay-out of MVR 107.6 million (MVR 20 per share) at the Bank’s Annual General Meeting held in Hotel Jen, Male’ tonight. The state will receive just over MVR 370 million through […]