Business
STO to Sell Coconuts at MVR 5 per Kg Starting Tomorrow for Ramadan
The State Trading Organization (STO) has announced the arrival of its first shipment of coconuts for the month of Ramadan, with plans to sell them at a significantly reduced price…
Latest from Business
Development Bank of Maldives Rollout “On Schedule,” Says Economic Minister Saeed
Economic Minister Mohamed Saeed has dismissed criticism over the perceived delay in establishing the Development Bank of Maldives (DBM), assuring…
Maafaru Airport sees surge in private Jet landings post-runway expansion
Maafaru International Airport, managed by Island Aviation Services Limited (IASL), reported a significant increase in private jet traffic in December…
MMA estimates $40 million conversion under new foreign currency act
The Maldives Monetary Authority (MMA) has projected that at least $40 million will be converted to local banks under the…
Transforming Tourism: Minister Faisal’s Initiative to Lure Investors to the Maldives’ Untapped Regions
Minister of Tourism, Ibrahim Faisal, has announced strategic initiatives aimed at enticing investors to less-traveled areas of the nation by…
MIFCO Implements Presidential Pledge: 48-Can Tuna Cases for All Homes During Ramadan
Maldives Industrial Fishing Company (MIFCO) has announced plans to distribute a 48-can case of canned tuna to every household in…
MMA Publishes Regulation for Mandatory USD Exchange Under Foreign Currency Act
The Maldives Monetary Authority (MMA) has issued regulations for businesses required to register under the Foreign Currency Act, which came…