Author: hyvemedia

President Dr Mohamed Muizzu has declared the Maldives International Financial Centre (MIFC) as a bold national legacy, driven by courageous partnerships and a strong sense of purpose. Speaking at the joint venture agreement and Memorandum of Understanding (MoU) signing ceremony held Sunday night, President Muizzu highlighted the MIFC as a turning point in the nation’s economic journey. The high-profile event, attended by several international dignitaries and distinguished guests, marked the formal beginning of an ambitious initiative to transform the Maldives into a regional financial powerhouse. President Muizzu described the establishment of the MIFC as a declaration of intent — to…

Professor Dr Frank Stangenberg-Haverkamp, Chairman of the Merck Foundation Board of Trustees and Former Chairman of the Executive Board of E. Merck KG, together with Senator Dr Rasha Kelej, CEO of the Merck Foundation, met with First Lady Madam Sajidha Mohamed this evening at the Official Residence of the President, Muleeaage. The high-level meeting focused on exploring potential areas of collaboration between the Merck Foundation and the Government of Maldives to strengthen the country’s healthcare sector. Professor Dr Stangenberg-Haverkamp and Senator Dr Kelej presented various initiatives offered by the Foundation, including scholarship opportunities and specialised training programmes for doctors to…

The State Trading Organization (STO) has reported stable financial and operational performance in the first quarter of 2025, despite a decline in net profit due to falling global oil prices. The company’s Q1 results were officially published on April 30 via its corporate website. According to the report, STO recorded a total revenue of MVR 4.02 billion, representing a 4.6% increase from the MVR 3.84 billion reported in Q4 FY2024. While this marks quarter-on-quarter growth, the company acknowledged a year-on-year revenue dip, primarily due to the stabilization of international oil prices following a surge in early 2024. Despite the impact…

State Trading Organization plc (STO), the Maldives’ leading public enterprise, has released its Q1 2025 financial and operational report, reflecting a steady performance despite global market fluctuations and fuel price normalization. Financial Highlights and Resilience STO recorded revenue of MVR 4.02 billion in the first quarter, marking a 4.6% increase from the previous quarter, though representing a 10.6% decline compared to Q1 2024 due to stabilizing global fuel prices. Fuel operations remained the cornerstone of revenue, contributing over 81% to the topline, with non-fuel sectors such as healthcare, construction, and trading also showing steady contributions. Despite lower gross profit (MVR…

President Dr Mohamed Muizzu has called on parents and the wider community to focus on nurturing a generation of children who are not only skilled but also possess a strong sense of work ethic. His remarks came during a national address in which he laid out a broader vision for employment, education, and economic growth in the Maldives. Emphasising that no Maldivian should be left without access to meaningful employment, President Muizzu highlighted the pivotal role played by the nation’s workforce in driving progress. He expressed pride in the daily contributions of workers across the country and reaffirmed the Government’s…

Binance founder Changpeng ‘CZ’ Zhao took center stage at the Token2049 conference, sharing deep insights into how artificial intelligence (AI) and blockchain technology are transforming sectors beyond finance—from education and governance to cross-border digital services. In a fireside chat with Raoul Pal of Real Vision, CZ highlighted several impact-driven initiatives, including Giggle Academy, an AI-powered educational platform aiming to provide free education to up to one billion children. He noted that an early project involving AI-generated storybooks has already reached over 220,000 children in 15 languages within just six months. Beyond education, CZ discussed his advisory role with over a…

Michael Saylor, Executive Chairman of MicroStrategy and one of Bitcoin’s most vocal champions, has once again made headlines by describing Bitcoin as a “Newtonian Network.” In a recent post on X, Saylor posed beside an orrery—a mechanical model of the solar system—drawing a visual analogy between the immutable laws of physics and Bitcoin’s decentralized monetary protocol. The statement adds to Saylor’s growing list of philosophical takes on Bitcoin, which he continues to frame not just as a digital asset but as a foundational system for economic order. “Bitcoin is governed by the unchangeable forces of math and code, much like…

Google Play has undergone a dramatic transformation over the past year, with the total number of apps available on the platform falling by nearly 47%, according to a recent report by TechCrunch, citing data from Appfigures. As of now, the Google Play Store hosts approximately 1.8 million apps, down from 3.4 million at the start of 2024. This massive drop comes in the wake of Google’s aggressive efforts to enhance the overall quality and safety of its app ecosystem. In July 2024, Google introduced new policies aimed at eliminating low-quality and non-functional apps. Starting August 31, apps that failed to…

Every year on May 1st, the world comes together to observe International Workers’ Day, a day dedicated to celebrating the global workforce and the labor movement’s ongoing fight for workers’ rights. Known also as May Day, this annual observance has evolved from a history of struggle to a worldwide celebration of labor rights, marking both the achievements and challenges that workers face across different industries and regions. The Roots of International Workers’ Day The origins of International Workers’ Day can be traced back to the late 19th century, particularly to the labor protests in the United States. One of the…

Mark Joseph Carney has never been a conventional politician. Once hailed as one of the most influential central bankers of his generation, Carney now leads Canada as its 24th Prime Minister, following a dramatic federal election that reshaped the country’s political landscape. His decisive electoral victory marks a rare transition from global finance to high political office — a journey that underscores not just his personal adaptability, but also the shifting mood of a Canadian electorate seeking experienced, steady leadership in a turbulent world. From Fort Smith to 24 Sussex Born on March 16, 1965, in the remote town of…