Local News

Chinese firm awarded contract for 1,000 housing units in Eydhafushi

The contract to build 1,000 housing units in Baa Eydhafushi has been awarded to China’s Sino Hydro Corporation. Construction Minister…

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MDP pres criticizes gov’t over tourism policy change

The opposing Maldivian Democratic Party (MDP)’s President Abdulla Shahid has said destroying an industry for political gain cannot translate to…

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Dharumavantha Hospital officially inaugurated as a tertiary facility

Dharumavantha Hospital, the 25-story extension of the main government hospital in the Maldives, has been officially inaugurated as a tertiary…

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NSPA releases revised list of second-round IVF beneficiaries

The National Social Protection Agency (NSPA) has published the revised list of beneficiaries for the second round of IVF assistance…

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Budget expenditure reaches MVR 41bln

The Maldives government’s budget expenditure for this year has reached MVR 41 billion thus far this year, including the expenditure…

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173 resorts registrations for new dollar conversion policy: MMA

The central bank, Maldives Monetary Authority (MMA) has reported that nearly all resorts in the Maldives have registered under a…

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MPL launches new water barge for off-shore bunkering

The Maldives Ports Limited (MPL) has introduced a barge to supply water to ships obtaining off-shore bunkering in Ihavandippolhu. The…

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Budget financing crucial to carry out projects, says governor

The central bank, Maldives Monetary Authority (MMA)’s Governor, Ahmed Munawwar, has cautioned that the country’s reserves will be affected if…

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Maldives to implement TGST on offshore booking platforms

A policy on levying TGST on tourism services provided by off-shore travel agents and booking platforms will be introduced by…

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Bunkering service generates $1.5mln in revenue

Bunkering services have generated $1.5 million in revenue so far, Economic Minister Mohamed Saeed has revealed. International banking services were…

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