Minister of Foreign Affairs, Moosa Zameer, has embarked on an official visit to the Kingdom of Saudi Arabia, marking a critical step in the Maldives' strategy to deepen relations with... read more →
The Ministry of Homeland Security and Technology has extended the deadline for companies to settle overdue expatriate-related fees until the end of August 2024, following limited compliance from businesses. This... read more →
The State Trading Organization (STO) has reported a decline in its earnings and profit for the second quarter of 2024. Managing Director Shimad Ibrahim attributed this downturn primarily to a... read more →
The State Trading Organization (STO), the largest state-owned enterprise (SOE) in the Maldives, has announced plans to develop a 25-story multi-purpose establishment. This ambitious project aims to enhance the company's... read more →
Malé City Council announced on Tuesday that local market vendors must register their businesses with the Ministry of Economic Development and Trade before receiving permits to employ expatriates. This new... read more →
Maldives Customs has announced the introduction of a 'simplified declaration' mechanism aimed at streamlining the payment of import duties. This new system will allow private citizens importing goods for personal... read more →
The Minister of Economic Development and Trade, Mohamed Saeed, announced ongoing efforts to open a branch of a Chinese bank in the Maldives. This initiative, revealed at the Maldives-Sichuan Trade... read more →
Maldives Ports Limited (MPL) is finalizing preparations to launch international bunkering services in the northern atolls on August 20. This initiative aims to position the Maldives as a key global... read more →
The Maldives Transport and Contracting Company (MTCC) reported a significant revenue decline in the second quarter of this year. According to their quarterly report, MTCC earned MVR 497 million in... read more →
The Indian government has expanded ports for exporting essential commodities to the Maldives, enhancing trade under a bilateral agreement. Initially, four ports were designated in April: Tuticorin, Mundra, Nhava Sheva,... read more →