Business
MACL Reports Over 2,400 Travelers Through VIA’s New Terminal 1
Velana International Airport’s newly inaugurated Terminal 1 has officially entered service, handling more than 2,400 passengers within its first four days of operation, according to the Maldives Airports Company Limited…
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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…