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Business

  • 2023 March 25 to 31
  • -
  • April 1, 2023
  • Business

Arrivals Milestone, Integrated Tourism, ADB Loans

Business news from March 25 to 31: half a million tourist arrivals recorded in first quarter; US$142 million Hankede integrated tourism project awarded to Chinese company; and ADB offers US$41 million worth of loans to SMEs and tourism businesses.

  • 2023 March 18 to 24
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  • March 25, 2023
  • Business

Ramadan Prices, Agriculture Insurance, Dhiraagu Dividend

Business news from March 18 to 24: government companies strive to keep food prices stable during Ramadan; shariah-compliant Crop Takaful offers protection for farmers; and dividend of MVR7.33 per share approved at Dhiraagu AGM.

  • 2023 March 11 to 17
  • -
  • March 18, 2023
  • Business

New Airport, Euro Bond, Ramadan Prep

Business news from March 11 to 17: Faresmaathoda airport officially inaugurated; Euro Marketing’s MVR25 million bond listed on Maldives Stock Exchange; and new business hours announced for fasting month.

  • 2023 March 4 to 10
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  • March 11, 2023
  • Business

Airport Upgrade, ITB Berlin, Coconut Scarcity

Business news from March 4 to 10: India’s Renaatus awarded US$17 million project to develop Addu City airport; Maldives returns to world’s largest travel fair after three-year hiatus; and mature coconut prices soar amid persisting shortage.

  • 2023 February 25 to March 3
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  • March 4, 2023
  • Business

Food Inflation, Airfare Hike, Yacht Rally

Business news from February 25 to March 3: inflation hit 4% in January; national carrier increased prices after regional airports hiked ground handling fees; and second yacht rally set sail to promote cultural tourism.

  • 2023 February 18 to 24
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  • February 25, 2023
  • Business

Floating City, Plastic Tax, Ramadan Supplies

Business news from February 18 to 24: mockup floating home towed to Hulhumalé for public display; MVR2 levy on plastic shopping bags to come into force in April; and STO assures steady supply of staples as businesses launch special promotions for Ramadan.

  • 2023 February 11 to 17
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  • February 18, 2023
  • Business

Arrivals Record, Airport Project, Cashier-Less Shop

Business news from February 11 to 17: new record set for daily tourist arrivals; Madivaru airport to be upgraded to international status under cross-subsidy policy; and STO prepares to open self-service outlet in Hulhumalé.

  • 2023 February 4 to 10
  • -
  • February 11, 2023
  • Business

Record Revenue, Hilton Arbitration, Recovery Loans

Business news from February 4 to 10: tax authority collected a record MVR3.4 billion in January; Sun Travel ordered to settle US$24 million owed as damages to Hilton; and repayment period extended for Covid-19 relief loans.

  • 2023 January 28 to February 3
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  • February 4, 2023
  • Business

Dollar Limit, Annual Profits, Dredging Deal

Business news from January 28 to February 3: Bank of Maldives removes withdrawal limit for US dollars; companies post annual profits with fourth quarter earnings; and Boskalis awarded US$130 million contract for Gulhifalhu land reclamation.

  • 2023 January 21 to 27
  • -
  • January 28, 2023
  • Business

Resort Bids, Personal Loans, Record Profits

Business news from January 21 to 27: 14 islands and lagoons offered for resort developments; Bank of Maldives increases financing limit of personal unsecured loan to MVR1.2 million; and STO posts operating profit of MVR1 billion for 2022.

  • 2023 January 14 to 20
  • -
  • January 21, 2023
  • Business

Chinese Tourists, Cold Storage, Service Charge

Business news from January 14 to 20: Maldives celebrated first direct flight from China since 2020; India finances cold storage complex for Felivaru fish cannery; and Kaani Hotels paid US$420 per staff as service charge.

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BUSINESS

  • Arrivals Milestone, Integrated Tourism, ADB Loans

    • 2023 March 25 to 31
  • Ramadan Prices, Agriculture Insurance, Dhiraagu Dividend

    • 2023 March 18 to 24
  • New Airport, Euro Bond, Ramadan Prep

    • 2023 March 11 to 17
  • Airport Upgrade, ITB Berlin, Coconut Scarcity

    • 2023 March 4 to 10

NEWS

  • Factional Sackings, Qasim Candidacy, Striking Workers

    • 2023 March 25 to 31
  • Security Breach, Shifting Alliances, Gender Violence

    • 2023 March 18 to 24
  • Qasim Run, ‘Boring’ Maldives, Drowning Tourists

    • 2023 March 11 to 17
  • Guraidhoo By-Election, Qasim Decision, Garbage Fees

    • 2023 March 4 to 10
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Recent posts

  • Factional Sackings, Qasim Candidacy, Striking Workers

    • 2023 March 25 to 31
  • Arrivals Milestone, Integrated Tourism, ADB Loans

    • 2023 March 25 to 31
  • Security Breach, Shifting Alliances, Gender Violence

    • 2023 March 18 to 24