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Business & Tourism

News in Brief

  • Maafushi Court introduces Video Conferencing
  • Azima’s law firm drops Nazim’s case
  • We should not surrender to climate change: Dunya Maumoon
Fuvahmulah Airport handed to government after costing STO MVR170 million thumbnail

Fuvahmulah Airport handed to government after costing STO MVR170 million

The State Trading Organisation has been losing MVR12 million (US$780,000) a year since the airport opened, MD Ahmed Azim told Haveeru. President Yameen last week said the government would assume control and compensate the company for its losses.


China dismisses Nasheed’s claim of military base in Laamu Atoll thumbnail

China dismisses Nasheed’s claim of military base in Laamu Atoll

“It is a common knowledge that China pursues a national defense policy that is defensive in nature”, read a press release from the Chinese embassy in Malé. “China does not maintain any military in any foreign country”.


Maldives’ resorts among world’s best, but industry insiders express concern over Green Tax thumbnail

Maldives’ resorts among world’s best, but industry insiders express concern over Green Tax

Three Maldivian resorts have been named among the world’s top 25 hotels by industry leader TripAdvisor, while industry insiders continue to express concern that rising taxation will make the destination too costly for visitors.


President Yameen urges STO to enter international markets thumbnail

President Yameen urges STO to enter international markets

The president spoke of diversification of the company into numerous fields including the establishment of a national shipping line and operation of oil tankers, assuring the government’s support in these ventures.


Imports up by 22 percent in 2014, exports down by 12 percent thumbnail

Imports up by 22 percent in 2014, exports down by 12 percent

Imported goods in 2014 amounted to MVR30.7 billion (US$1.99 billion), resulting in duties of MVR1.96 billion, while the decline in exports saw the total value of goods leaving the Maldives valued at MVR2.24 billion, compared with MVR2.56 billion in 2013.


Civil court rules against Yacht Tours over West Park dispute thumbnail

Civil court rules against Yacht Tours over West Park dispute

The Civil Court has issued a sentence stating that the Malé City Council is not liable to pay damages to Yacht Tours Pvt Ltd after the company filed a case accusing the council of breaching the terms of the West Park Cafeteria lease.


Japan in talks to establish embassy in Maldives thumbnail

Japan in talks to establish embassy in Maldives

The Japanese government has had funding approved for an embassy in the Maldives, reports the Japanese Times, while officials from the Maldives government have said negotiations are ongoing regarding the new mission.


German airliner Lufthansa to start scheduled flights to Maldives thumbnail

German airliner Lufthansa to start scheduled flights to Maldives

MACL Managing Director ‘Bandu’ Ibrahim Saleem said that Lufthansa will be operating flights to the Maldives starting from December 9 this year, and that these flights will provide many benefits to the tourism industry.


Youth leaders express support for Akon concert, while religious groups maintain oppostion thumbnail

Youth leaders express support for Akon concert, while religious groups maintain oppostion

Tourism minister Ahmed Adeeb has expressed his joy over the show of support by youth leaders for Thursday’s Akon concert, while the Adhaalath Party told local media it will continue attempts to stop the event.


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Torture victims in the Maldives tell their stories