Business

President sets up company to build resorts and share profits with every Maldivian

President Dr Mohamed Muizzu has established a state-owned company to develop resorts and share their profits equally with every Maldivian. The company, named Dhiveheenge Resort Hissaa Corporation (DRHC), was created…

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STO begins supplying 80 essential commodities to atolls through local agents

State Trading Organization (STO) has begun distributing essential commodities to islands across the Maldives through authorised local agents, introducing a…

BML’s loan disbursements cross MVR 12 billion as financial performance strengthens

Bank of Maldives (BML) has reported strong financial performance during the first nine months of 2026, issuing MVR 12.1 billion…

Government begins enforcement against foreign-owned businesses in restricted sectors

The government has begun enforcing new foreign investment restrictions on businesses operating in the wholesale and retail trade and logistics…

Ooredoo Maldives partners with Dhiffushi Women’s Development Committee for tree planting initiative

Ooredoo Maldives has joined hands with the Women's Development Committee of K. Dhiffushi to carry out a community tree planting…

Dhiraagu Maldives Junior Open 2026 to begin on December 13

The Dhiraagu Maldives Junior Open 2026 badminton tournament is scheduled to begin on December 13, bringing together young athletes from…

Maldives Post opens dedicated PikPost station for large parcels in Malé

Maldives Post has opened a dedicated PikPost station for large parcels at its head office in Malé, expanding its parcel…