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Business

  • 2023 August 26 to September 1
  • -
  • September 2, 2023
  • Business

Instant Payment, Addu Shangri-La, Indian Flights

Business news from August 26 to September 1: central bank launches new payment system; government divests stake in Villingili resort; and Air India and Vistara schedules direct flights to Maldives.

  • 2023 August 19 to 25
  • -
  • August 26, 2023
  • Business

Starlink License, Resort Bids, Remittance Outflows

Business news from August 19 to 25: SpaceX Starlink licensed to provide internet services; two northern islands offered for resort development; and Sri Lankan workers remitted US$29.3 million in Q1-2023.

  • 2023 August 12 to 18
  • -
  • August 13, 2023
  • Business

Port Relocation, Vegan Resort, Bangalore Flights

Business news from August 12 to 18: US$400 million Gulhifalhu port project due to begin; Indian export business plans to develop alcohol-free vegetarian-only resort; and national carrier plans to launch flights to Bangalore.

  • 2023 August 5 to 11
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  • August 12, 2023
  • Business

Transhipment Port, Cross Subsidy, Container Ship

Business news from August 5 to 11: Qatari company enlisted to build bunkering facility in northernmost atoll; investor sought for Vaavu airport with country’s largest lagoon on offer; and Maldives State Shipping purchases 105-container capacity cargo vessel.

  • 2023 July 29 to August 4
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  • August 1, 2023
  • Business

STO Profits, Housing Loans, Sichuan Return

Business news from July 29 to August 4: STO’s net profit declines in Q2-2023 to US$19.6 million; BML extends Home Purchase Loan and Home Purchase Financing tenor to 25 years; and major Chinese carrier returns with tourists after seven-year hiatus.

  • 2023 July 22 to 28
  • -
  • July 29, 2023
  • Business

Smart Shop, Euro Grants, Payment System

Business news from July 22 to 28: STO opens cashier-less shop in Hulhumalé; €1.4 million grant aid disbursed to 406 guesthouses and safari vessels; and central bank begins pilot testing of the ‘Maldives Instant Payment System.’

  • 2023 July 15 to 21
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  • July 22, 2023
  • Business

Millionth Tourist, Chinese Airline, Luxury Homes

Business news from July 15 to 21: tourist arrivals reach one million milestone; Sichuan Airlines plans direct flights; and developer sought for luxury residential buildings in Hulhumalé.

  • 2023 July 8 to 14
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  • July 15, 2023
  • Business

Ferry Network, Payment System, Giant Dredger

Business news from July 8 to 14: RTL ferry service launched in Huvadhu; three banks sign up for country’s first instant payment system; and MTCC brings new trailing suction hopper dredger.

  • 2023 July 1 to 7
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  • July 8, 2023
  • Business

Floating Villas, Maritime Training, Accounting Scholarships

Business news from July 1 to 7: contract signed to build 13 floating overwater villas in Vilivaru; MPL partners with Netherlands Maritime University College; and government awards 200 scholarships to train chartered professional accountants.

  • 2023 June 24 to 30
  • -
  • July 1, 2023
  • Business

Beond Launch, Returning Airlines, Apprenticeship Programme

Business news from June 24 to 30: luxury airline set to to debut in September with a Dubai-Maldives route; Oman Air resumes flights to Maldives; and 59 apprentices graduate from Four Seasons programme.

  • 2023 June 17 to 23
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  • June 24, 2023
  • Business

Fisheries Project, MPL Bond, Agri-Boat Contract

Business news from June 17 to 23: World Bank provides US$67.8 million to reform SOEs and strengthen fisheries sector; Maldives Ports Limited raises MVR50 million through capital markets; and contract signed to build boat for carrying local agricultural produce to markets.

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Widgets

BUSINESS

  • Instant Payment, Addu Shangri-La, Indian Flights

    • 2023 August 26 to September 1
  • Starlink License, Resort Bids, Remittance Outflows

    • 2023 August 19 to 25
  • Port Relocation, Vegan Resort, Bangalore Flights

    • 2023 August 12 to 18
  • Transhipment Port, Cross Subsidy, Container Ship

    • 2023 August 5 to 11

NEWS

  • Penultimate Week, Pledge Contest, ‘India First’

    • 2023 August 26 to September 1
  • Rival Visions, Campaign Clashes, Niqab Ban

    • 2023 August 19 to 25
  • Housing Lottery, Manifesto Pledges, Campaign Trail

    • 2023 August 12 to 18
  • Crunch Time, Campaign Violence, Swell Surges

    • 2023 August 5 to 11
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Recent posts

  • Penultimate Week, Pledge Contest, ‘India First’

    • 2023 August 26 to September 1
  • Instant Payment, Addu Shangri-La, Indian Flights

    • 2023 August 26 to September 1
  • Rival Visions, Campaign Clashes, Niqab Ban

    • 2023 August 19 to 25