A digest of news and opinion from the Maldives.
Bank of Maldives’ Aharenge Bank Community Fund is inviting proposals for phase two of this year. The Bank will be selecting five projects to receive MVR 50,000 each to support in the areas of education, environment, sports and community development. Recently, BML’s Aharenge Bank Community Fund had supported Th. Vilufushi based NGO, Vasana Jamiyya’s vision […]
JAUSA Constructions is one of the most renowned construction companies in the Maldives. The successful construction company has been in the industry for more than 2 decades and their expertise and workmanship can be seen behind some great innovations in the country. Constructing since 1992 Jausa Construction was established in 1992 established with the main […]
The importation percentage of Maldives for the month of July has decreased by 49 according to the statistics published by the Maldives Customs. In the statistics published by Customs, the total price of goods imported in July this year shows a 49% decrease when compared to the price of goods imported in July 2019. The […]
It is often said that government policy initiatives can have serious implications for businesses. It can cause costs associated with the business to either increase or decrease – directly in the form of taxes, fees and charges, or indirectly in the performance of obligations dictated by the policy initiative. The Expatriate Employees Regulations[1] is one recent example […]
The beautiful island nation of the Maldives is one of the world’s most popular tourist destinations. But getting a grip on the mountains of solid waste generated from tourist resorts and an expanding local population has put the environment and living standards at risk. Asian Development Bank has approved a $73 million loan & grant […]
Finance Ministry issued MVR 222.9 million via SME Development Finance Corporation (SDFC) directed at the small businesses operating in the Maldives, under the government’s recovery scheme. This includes small businesses, middle-class businesses, and self-employed people. Under the stimulus package of MVR2.5 Billion, announced by the government, SDFC issues loans for small and middle-class businesses that […]
The Founder of China-Maldivian Culture Association and former Economic Minister Mohamed Rasheed has urged the Foreign Minister Abdullah Shahid to not indulge in “this unhealthy game of accepting foreign assistance on the basis of geopolitical competition.” His statement was made as a response to India’s $500m Greater Male` Region Connectivity project. “We are too vulnerable. […]
Dhivehi Insurance’s most recent product is the “Trade Credit Bond”, launched at the Corporate Maldives Gold 100 gala event held on 25th February in Dharubaaruge. The purpose of this policy is to ensure that the suppliers avoid the impact of debts and also to enable individual buyers to attain favourable credit terms for their purchasing […]
CROSSROADS Maldives, nestled in the exotic Emboodhoo Lagoon, developed by S Hotels and Resorts Plc (SHR), a subsidiary of Singha Estate Plc (S), donated essential health supplies such as goggles, face shields, latex gloves, leg covers and alcohol gel to the Embassy of the Republic of Maldives in response to the COVID-19 pandemic. As a […]