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Business

News in Brief

  • Survey team for Malé-Hulhulé bridge arrives in Maldives
  • Maldivian judge re-elected for second term on UN anti-torture subcommittee
  • Elections Commission announces official results of Kolhufushi by-election
Government terminates Tatva waste management deal thumbnail

Government terminates Tatva waste management deal

Company sources have confirmed that the economic council’s decision was made last month, informing the Indian firm that issues with the city council and a desire to use a state-owned company had influenced the decision.


Addu City condemns government’s “obstruction” of guesthouse venture thumbnail

Addu City condemns government’s “obstruction” of guesthouse venture

“Government officials are spreading falsehoods to reduce investor confidence with the aim of obstructing Addu City Guesthouse Venture,” alleged the city council.


US and Maldives hold first bilateral trade talks thumbnail

US and Maldives hold first bilateral trade talks

The first talks under the 2009 Trade and Investment Framework Agreement included discussion of labor, intellectual property, and the investment climate.


MACL ordered to pay nearly MVR1 million in pay discrimination damages thumbnail

MACL ordered to pay nearly MVR1 million in pay discrimination damages

The Employment Tribunal has ordered MACL to pay MVR 987,000 in damages to 40 staff for discrimination in basic salaries in the first class action suit of is kind in the Maldives.


Bridge survey to start on Friday, says Adeeb thumbnail

Bridge survey to start on Friday, says Adeeb

Tourism Minister Ahmed Adeeb has told local media that a team of Chinese surveyors will arrive in the Maldives this week following the MoU signed during President Xi Jinpeng’s visit last month.


Exit permits required for foreign workers from today thumbnail

Exit permits required for foreign workers from today

Foreign workers in the Maldives will require an exit permit signed by their employer before being allowed to leave the country. Local NGOs have expressed concern at the scheme’s potential for abuse.


STO to import oil, staples and pharmaceuticals only thumbnail

STO to import oil, staples and pharmaceuticals only

The Economic Council said the state wholesaler will move out of retail business and focus solely on importing fuel, food staples, and pharmaceuticals to encourage private businesses.


Addu City guesthouse venture kicks off thumbnail

Addu City guesthouse venture kicks off

Addu City Council today handed over 29 plots of privately owned land to Indian SG18 Realty for the development of 250 beds as part of the southern atoll’s expansion into the mid-market tourism sector.


MMPRC to further boost Chinese visitors with tourism roadshow thumbnail

MMPRC to further boost Chinese visitors with tourism roadshow

“Maldives is now positioned to seize the market opportunity created by China’s increasing demand for luxury outbound travel,” said the MMPRC.


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Torture victims in the Maldives tell their stories