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President Muizzu appoints Jameela Ali Khalid as Maldives ambassador to UK
President Dr Mohamed Muizzu has appointed experienced diplomat Jameela Ali Khalid as the Maldives' new Ambassador to the United Kingdom.…
Porsche turns to India’s TCS in $1.5 billion AI push
German luxury carmaker Porsche is deepening its reliance on Indian technology expertise through a five-year, $1.5 billion partnership with Tata…
India moves closer to $7.3 billion German submarine deal
India is moving closer to approving a long-delayed $7.3 billion programme to build six advanced conventional submarines with Germany, as…
Maldives closes tourism GST loophole, foreign booking platforms to pay tax
The People’s Majlis has passed an amendment to the Goods and Services Tax Act that will bring offshore booking platforms,…
New foreign currency rules take effect September 1 with tougher penalties for black market trading
New foreign currency rules will come into force on September 1, introducing revised dollar conversion requirements for tourism and other…
MTCC delivers resilient 2025 performance with MVR 2.13 billion revenue
Maldives Transport and Contracting Company (MTCC) strengthened its financial position in 2025 while maintaining a major pipeline of infrastructure projects…
MMA wants salaries and domestic transactions shifted to Rufiyaa by 2030
The Maldives Monetary Authority (MMA) aims to make the Maldivian Rufiyaa the primary currency for domestic financial transactions by 2030,…
HDC posts MVR 2.01 billion profit as Auditor General issues clean audit opinion
Housing Development Corporation (HDC) recorded a net profit of MVR 2.01 billion in 2024, as the Auditor General issued an…