Author: hyvemedia
The Cabinet has decided to move forward with the National Housing Affordability and Accessibility Project, designed to improve access to affordable housing across the Maldives. The project aims to provide a sustainable, long-term solution to the country’s housing challenges and to help foster a more affordable housing market. Key measures under the project include: Creating opportunities for developers to construct affordable housing units at their own expense, with special concessions offered to participating developers. Introducing a dedicated end-user mortgage scheme, developed in consultation with banks, to facilitate access to financing for individuals purchasing housing units under the project. Developing housing…
Baa Atoll, Maldives – One of the world’s most celebrated marine sanctuaries is at grave risk. The Dhonfanu reclamation project, currently underway in the Maldives’ UNESCO Biosphere Reserve of Baa Atoll, threatens to devastate the fragile ecosystems that sustain manta rays, whale sharks, coral reefs, and seagrass meadows the very lifeblood of the Maldivian tourism industry. This is not just a local issue. It is a matter of global environmental stewardship, economic sustainability, and corporate responsibility. Why the World Must Act A UNESCO Biosphere Reserve Under Siege Baa Atoll’s designation as a UNESCO Biosphere Reserve was not symbolic it is…
Tianjin, China – His Excellency President Dr. Mohamed Muizzu met today with the Right Honourable KP Sharma Oli, Prime Minister of Nepal, on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit at the Tianjin Meijiang Convention Centre. During the meeting, both leaders reaffirmed the enduring friendship and robust bilateral ties between the Maldives and Nepal. They expressed a strong commitment to strengthening cooperation in key areas, including education, economic diversification, and joint efforts within multilateral platforms. The discussions underscored a shared vision of enhancing regional collaboration and promoting sustainable development through deeper bilateral engagement. Concluding the meeting, President Dr.…
Malé, Maldives – First Lady Sajidha Mohamed has called on healthcare professionals, institutions, and communities to take collective action in addressing the growing impact of endometriosis on women’s health in the Maldives. She made the remarks this evening at Dharumavantha Hospital, where she attended as Guest of Honour at the closing of the Workshop Series Episode 3, “Embracing Wellness: A Holistic and Evidence-Based Approach to Understanding Endometriosis in Light of Current Research,” organised by the Society of Obstetricians and Gynaecologists of Maldives (SOGM). Opening her address with a firm call to action, the First Lady highlighted that staying informed on…
Tianjin, China – President Dr. Mohamed Muizzu has urged the international community, including members of the Shanghai Cooperation Organisation (SCO), to unite in advocating for justice, dignity, and peace for the people of Palestine. The call was made during his address at the “SCO Plus” Meeting held on Monday in Tianjin, China. In his remarks, President Muizzu reflected on a milestone year for the Maldives, marking 60 years since gaining independence and joining the United Nations. He reaffirmed that the Maldives remains unwavering in its commitment to the principles of peace, dialogue, and diplomacy values the island nation has upheld…
Tianjin, China – President Dr. Mohamed Muizzu met with President Xi Jinping of the People’s Republic of China this morning at the Tianjin Yingbin Hotel, where the two leaders held high-level discussions aimed at further strengthening bilateral relations. President Xi warmly welcomed President Dr. Muizzu and expressed appreciation for his official visit to China, noting its importance in deepening the long-standing friendship between the two nations. In response, President Dr. Muizzu expressed his delight at visiting China for the second time in an official capacity and extended gratitude to President Xi for the warm invitation and generous hospitality. The meeting…
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…