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A digest of news and opinion from the Maldives.

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Ooredoo Signs as Main Partner for TTM Maldives 2020 Virtual

Ooredoo Signs as Main Partner for TTM Maldives 2020 Virtual

2 min read

Ooredoo has signed as the Main Partner for TTM Maldives 2020 Virtual, the leading international travel trade fair of the Maldives which will be held from 24th-26th November. On behalf of Ooredoo, Mr Hussain Niyaz, Acting Chief Commercial Officer signed the agreement, while Dr Hussain Sunny Umar, Chief Executive Officer of Orca Media Group, signed […]

Bridge and Port Construction to Commence in Mid-2021

Bridge and Port Construction to Commence in Mid-2021

2 min read

Minister of Economic Development, Fayyaz Ismail has said that the physical work of the Male’-Thilafushi bridge and Gulhifalhu port would commence in mid-2021. The Male’-Thilafushi bridge is set to be built under the Greater Male’ Connectivity Project, which is being financed with a $400 million loan from EXIM Bank of India and an additional $100 million […]

BML Introduces Cashless Payment for Taxis

BML Introduces Cashless Payment for Taxis

2 min read

Bank of Maldives (BML) has introduced a cashless payment solution for taxis as part of the Bank’s digitalization roadmap and support to implement a cashless society. With this payment solution, drivers can now accept contactless payments from BML MobilePay. To pay, customers can scan the QR code on the driver’s mobile device or displayed in […]

‘One Stop Shop’ to Be Developed for Businesses by 2021

‘One Stop Shop’ to Be Developed for Businesses by 2021

2 min read

Fayyaz Ismail, Minister of Economic Development, has said that the Ministry is working to develop a ‘one-stop-shop’ where businesses can get all the services they require through one platform by 2021. The scheme would be developed through the government’s Tradenet Maldives Corporation Limited (TMCL) as a business model and would make it easier for businesses […]

Mariyam Waheeda Appointed as Brand Ambassador of Maldives Wave

Mariyam Waheeda Appointed as Brand Ambassador of Maldives Wave

2 min read

Maldives Wave has decided to go with Maryam Waheeda as their brand ambassador. This is due to her success as media personnel in representing the Maldives, as well as being a respected public figure. She is also notably the President of Maldives Broadcasting Commission, an honorary consul of Sweden Maldives & an ambassador for the […]

Maldives Signs MoU With India on $100 Million Grant for Bridge

Maldives Signs MoU With India on $100 Million Grant for Bridge

2 min read

The Maldives has signed four Memoranda of Understanding (MoUs) with the neighbouring ally, India. The Ministry of Foreign Affairs made the announcement yesterday via Twitter. The MoUs were signed on the Greater Malé Connectivity project, the Sports and Youth Affairs project, and two High Impact Community Development Projects. The most significant MoU signed was a […]

A Hasty Decision in Desperation? Maldives to Issue Corporate Resident Visas to Investors of Just $250,000

A Hasty Decision in Desperation? Maldives to Issue Corporate Resident Visas to Investors of Just $250,000

2 min read

On Sunday, the Parliament passed amendments to the Immigration Act to allow foreign investors to acquire resident visas. The report, prepared by the Parliamentary Committee on National Security and Foreign Relations, was approved with a majority vote of 52 members. No MPs voted against the report while three MPs abstained from voting. As per the […]