Thilamalé Bridge, STO Dividends, Hulhumalé Buildings

Thursday, May 12

The State Trading Organisation’s board of directors decided to propose a dividend of MVR65 (US$4.20) per share for approval at the company’s upcoming annual general meeting.

The state-owned behemoth is the country’s main supplier of staples, medicine, fuel and construction materials.

Thursday, May 12

STO signed a contract with Afcons to supply concrete for building the Thilamalé bridge.

“A total of 7, 500 CBM of ready-mix concrete will be supplied,” according to STO.

The US$500 million Greater Malé Connectivity Project – financed with Indian loans and grant aid – was awarded to the Indian Infrastructure developer last August. Geotechnical surveys are underway for the 6.7km overwater bridge that would connect the capital with the nearby islands of Vilimalé, Gulhifalhu and Thilafushi.

The higher education ministry contracted Wee Hour Investment to build a junior college in Haa Alif Dhidhdhoo.

The Islamic ministry collected MVR7.8 million (US$480,000) as Fitr Zakat (alms for the poor) from Malé, up from MVR6.7 million last year.

No one was registered as poor on 42 islands.

Tuesday, May 10

The Housing Development Corporation invited bids for the development and sale of mixed residential buildings in Hulhumalé.

Tuesday, May 10

Sunday, May 8

A barbecue area was developed in Kaafu Kaashidhoo with financing from the Bank of Maldives Community Fund, which “focuses on empowering individuals to contribute to society through sustainable community projects.” 

Equipped with grills, tables, chairs and benches, the space also has a relaxing area designed for senior citizens. 

“Our hope is that the space is useful for our community and those visiting the island,” said the winner of the project, Mohamed Visaah,

Sunday, May 8