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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
