Business
Visit Maldives Cuts Fees, Expands Access for Guesthouses and Liveaboards from 2026
Visit Maldives Corporation (VMC) has unveiled a set of 2026 membership measures designed to widen access for small and medium-sized tourism businesses, including guesthouses, liveaboards, and travel agencies, as the…
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Island Councils Seek Uninhabited Islands for Income-Generating Projects
The government has completed its evaluation of proposals from local councils seeking to acquire uninhabited islands for economic development purposes.…
Maldivian Airlines Seeks Agents for New Flights to UK, Italy, and Germany
Island Aviation Services Limited (IASL), the operator of Maldivian Airlines, is seeking General Passenger Sales Agents (GPSAs) in the United…
STO’s Relocation of Oil Storage to Thilafushi Aims to Boost Capacity and Stabilize Prices
The State Trading Organisation (STO) is set to relocate its oil storage facility from Funadhoo to Thilafushi, a move expected…
MPL CEO Sets Ambitious Target of USD 6.5 Million in Revenue by Year-End
Maldives Ports Limited (MPL) is targeting a revenue of USD 6.5 million by the end of 2024, according to the…
Maldives to Implement Free Trade Agreement with Türkiye in Early 2025
The Maldives' Minister of Economic Development and Trade, Mohamed Saeed, has announced that the free trade agreement (FTA) between the…
STELCO Targets USD 7.78 Million Profit by Year-End, Focuses on Modernization and Employee Engagement
State Electric Company Limited (STELCO) is on track to achieve a projected profit of USD 7.78 million by the end…