Author: hyvemedia

Kuala Lumpur – His Excellency President Dr Mohamed Muizzu of the Maldives witnessed the signing and exchange of several key agreements, memoranda of understanding (MoUs), and exchanges of notes (EoNs) between the Government of the Republic of Maldives and the Government of Malaysia, aimed at deepening cooperation across a range of sectors. One of the major highlights was the signing of an MoU on Cooperation in Sports, inked by His Excellency Dr Abdulla Khaleel, Minister of Foreign Affairs of the Maldives, and Her Excellency Puan Hannah Yeoh, Malaysia’s Minister of Youth and Sports. The agreement seeks to strengthen collaboration between…

As we observe World Intellectual Property Day on April 26, 2025, it is an opportune time for businesses, especially SMEs in the Maldives, to reflect on the crucial role intellectual property plays in safeguarding innovation, creativity, and economic growth. This global celebration, organized by the World Intellectual Property Organization (WIPO), serves as a reminder of the importance of IP protection in today’s interconnected world. On this day, we acknowledge the efforts to strengthen IP systems worldwide, including the Maldives’ growing commitment to providing robust IP services through its Intellectual Property Unit under the Ministry of Economic Development. By marking this…

CoinDesk is set to host Consensus 2025 from May 14 to May 16, 2025, at the Metro Toronto Convention Centre in Toronto, Canada. This premier event will bring together over 15,000 attendees from more than 100 countries, including industry leaders, innovators, and investors, to explore the latest advancements in blockchain, Web3, and artificial intelligence (AI). What to Expect at Consensus 2025 Diverse Content Tracks Consensus 2025 will feature 6 stages, 6 summits, and over 200 sessions covering a wide range of topics such as: DeFi (Decentralized Finance) Tokenization & Real-World Assets (RWAs) Stablecoins & Payments Artificial Intelligence (AI) Policy &…

Manchester City secured a 2-0 victory over Nottingham Forest at Wembley on Sunday, booking their place in a third straight FA Cup final and keeping their hopes alive for silverware this season. Goals from Rico Lewis and Josko Gvardiol proved decisive in a dominant display. City struck early, with Lewis finding the net inside two minutes after being set up by the influential Mateo Kovacic. Given time and space on the edge of the area, Lewis drilled a low shot into the bottom corner, immediately silencing the Forest supporters. The early setback rattled Forest, who struggled to get a foothold…

China is once again setting global records in engineering, with the construction of the Huajiang Gorge Bridge in Guizhou Province—soon to be the highest bridge in the world. Once completed, the bridge’s deck will soar 625 meters (over 2,050 feet) above the valley floor, redefining what’s possible in bridge construction. Spanning an impressive 2,890 meters in total length with a main span of 1,420 meters, the massive steel truss suspension bridge is being built across the dramatic landscape of the Huajiang Gorge, sometimes referred to as the “Earth Rift.” This remote, mountainous region, located north of Vietnam, poses extreme construction…

President Dr Mohamed Muizzu has announced a major initiative to introduce passport and identification card services for Maldivians residing in Malaysia. The announcement came during an interview with PSM News on Sunday morning, ahead of his official visit to the country. The visit aims to strengthen diplomatic ties and directly address the needs of Maldivian citizens living abroad. In the interview, President Muizzu reaffirmed his administration’s commitment to supporting Maldivians overseas. He shared plans for formal discussions with Malaysian leaders focused on resolving challenges faced by the Maldivian community and ensuring government-backed solutions. “Official meetings with the leaders there…

President Dr Mohamed Muizzu has reiterated his administration’s unwavering commitment to justice and equality, assuring that no citizen will face discrimination under his leadership. He made the remarks during a media interview at Velana International Airport before departing for an official visit to Malaysia. During the interview, President Muizzu announced the formation of a Special Presidential Commission of Inquiry to investigate the events that unfolded in Malé on 18 April 2025. The commission is tasked with establishing the facts, reviewing the actions of relevant institutions, recommending corrective measures, and ensuring a fair and transparent investigation. The President stressed that…

The completion of the new terminal at Velana International Airport is expected to significantly bolster tourist arrivals and support sustained economic growth in the Maldives, according to the World Bank’s latest Maldives Development Update 2025. The World Bank projects that increased airport capacity will contribute to an average economic growth rate of 5.2 percent over the medium term. The Maldives’ tourism sector, which accounts for around 21 percent of GDP, continues to drive economic activity, with tourist arrivals reaching a record 2.05 million in 2024. The enhanced infrastructure at Velana International Airport is seen as critical to maintaining this momentum,…

Tourist arrivals to the Maldives hit an all-time high of 2.05 million in 2024, an 8.9 percent increase over the previous year, according to the World Bank’s latest Maldives Development Update. Driven by strong performance in tourism and related services, the country’s real GDP is estimated to have grown by 5.5 percent in 2024, helping to bring poverty rates back below pre-pandemic levels. Despite the strong economic growth, the report highlights mounting fiscal and external vulnerabilities. Overall headline inflation remained low at 1.4 percent during most of 2024, thanks to continued government subsidies. However, inflation surged towards the end…

The cryptocurrency market has surged past a $3 trillion market cap, buoyed by the actions of a group of investors known as “bond vigilantes,” a term popularized by economist Ed Yardeni. These investors, who typically hold governments accountable by selling off bonds in response to significant policy changes, have played a pivotal role in the ongoing crypto rally. Bond Vigilantes Impact Policy and Yield Dynamics When bond vigilantes sell off their bond holdings, they drive yields higher, increasing borrowing costs for the government. This action forces policymakers to reconsider their plans, which in this case, has significantly impacted President Trump’s…