Author: hyvemedia
Baa Atoll, Maldives — President Dr Mohamed Muizzu has pledged to replace exclusionary policies with an inclusive, citizen-focused approach as part of his administration’s strategy to achieve national development goals. Speaking to residents of Kamadhoo Island during his ongoing tour of Baa Atoll, the President acknowledged that the island had been overlooked in the past and vowed to ensure it receives the attention and resources it needs. Reaffirming his commitment to tangible, people-driven progress, Dr Muizzu announced that the government will prioritise development projects across key sectors, including health, education, and sports. He confirmed that work on Kamadhoo’s football grounds…
San Francisco & Toronto — August 8, 2025 — Ripple, a leading enterprise blockchain and crypto solutions provider, has announced a definitive agreement to acquire Rail, a Toronto-based stablecoin payments infrastructure company, in a deal valued at $200 million. The acquisition, expected to close in the fourth quarter of 2025 pending regulatory approval, will integrate Rail’s advanced capabilities—including virtual accounts, automated back-office operations, and banking partnerships—into Ripple Payments. This move aims to deliver a fully integrated, scalable, and compliant stablecoin payment solution for global clients. Ripple Payments already operates with a broad payout network, significant digital asset liquidity, and more…
August 7, 2025 — OpenAI has released its most advanced AI model to date, GPT-5, bringing significant improvements in reasoning, accuracy, and usability to millions of ChatGPT users worldwide. Key Upgrades GPT-5 unifies previous models into a single system that automatically adapts to user needs, removing the need to manually switch versions. Notable enhancements include: Improved accuracy with fewer factual errors and hallucinations. Expanded integrations with tools like Gmail, Google Calendar, and customizable voice tones. Developer flexibility via three API versions—GPT-5, GPT-5-mini, and GPT-5-nano—for different performance and cost needs. Higher capacity with a 256K token context window for handling longer…
State Trading Organization Plc (STO), the leading public enterprise in the Maldives, has reported a net profit of MVR 163.2 million for the second quarter of 2025, reflecting a modest decline of 3.3% compared to the MVR 168.7 million posted in Q1. Despite a reduction in quarterly sales, STO demonstrated financial resilience through effective cost control, solid non-fuel segment growth, and stronger liquidity. According to the company’s Q2 2025 financial disclosure, total revenue reached MVR 3.55 billion, representing a 12% decrease from the previous quarter’s MVR 4.02 billion. The revenue decline is primarily attributed to the normalization of global fuel…
As traditional employment structures continue to shift, the gig economy has become a powerful force reshaping the modern workforce. What was once a niche option favored by creatives and part-time workers has now entered the mainstream, influencing industries ranging from technology and design to logistics and consulting, and offering greater flexibility and independence for professionals worldwide. Gig Economy by the NumbersOnline gig work accounts for approximately 4.4% to 12.5% of the global labor force, amounting to between 154 million and 435 million gig workers worldwide. This variation depends on whether marginal and secondary workers are included. The global gig economy…
In a sweeping upgrade to its search engine, Google has launched two advanced AI-driven features—Web Guide and AI Mode—that signal a bold new era in how people discover, consume, and interact with online information. The updates are part of Google’s ongoing mission to make Search more intelligent, useful, and personalized in the age of generative AI. Smarter, Organized Results with Web Guide Now available to users through Search Labs, Web Guide reorganizes traditional search results into AI-curated categories with accompanying summaries. Instead of presenting users with a flat list of links, the feature groups results based on intent or subtopics,…
President Dr Mohamed Muizzu officially inaugurated MCGH Opticals today at the Indira Gandhi Memorial Hospital (IGMH), a dedicated opticianry service established under the Malé City Group of Hospitals (MCGH) as part of the government’s broader healthcare expansion initiative. Following the inauguration, President Muizzu toured the facility and personally handed over prescription glasses to the first three customers to benefit from the newly launched service. MCGH Opticals was established in response to the President’s announcement on May 31, which introduced a set of measures to improve public access to high-quality eyewear in a convenient and cost-effective manner. A key element of…
President Dr Mohamed Muizzu has officially inaugurated the Criminal Court and Drug Court at the newly developed Justice Building Annex in Hulhumalé, marking a significant milestone in the government’s efforts to enhance the country’s judicial infrastructure. The relocation of both courts from Malé to the new facility addresses critical space limitations that have long plagued the judiciary. These constraints have frequently led to delays in proceedings, postponed hearings, and prolonged verdict delivery – issues that the administration has prioritized resolving. As an interim measure before the construction of the new Superior Court Complex in Hulhumalé, the Justice Building Annex was…
His Excellency President Dr Mohamed Muizzu welcomed His Excellency Mohammed Saif Al Suwaidi, Director General of the Abu Dhabi Fund for Development (ADFD), during a courtesy call held on Sunday afternoon at the President’s Office. President Muizzu extended a warm welcome to Mr Al Suwaidi and his accompanying delegation, expressing his sincere appreciation for their visit to participate in the Maldives’ Independence Day celebrations and to attend the inauguration of the new terminal at Velana International Airport — a milestone development supported by ADFD. Mr Al Suwaidi expressed his satisfaction with the successful completion of the airport project and noted…
President Dr Mohamed Muizzu has officially inaugurated the newly established Hulhumalé Dialysis Centre, a state-of-the-art facility dedicated to providing life-saving treatment for individuals with kidney disease. The inauguration ceremony was held at the Orange Hiya building, where the centre is located. The event commenced with a video presentation highlighting the features of the new facility, followed by a tour of the premises led by healthcare officials. The centre is operated under the Malé City Group of Hospitals and is equipped with 30 dialysis beds, aiming to significantly reduce the burden on local patients who previously had to seek treatment abroad.…