Author: Mohamed Reehaan
The Burunu Boma Global Sport Fishing Tournament is now officially open for registration, inviting elite anglers from around the world to compete in the Maldives’ premier sport fishing event. The Burunu Boma Global Sport Fishing Tournament will kick off from June 13 to 15, 2026. Visit Maldives Corporation (VMC) is organizing this flagship initiative to celebrate the country’s deep-rooted fishing heritage. Following the historic success of the 2025 inaugural edition, which saw intense competition and dynamic daily leaderboards featuring top-tier international teams, this year’s tournament is expected to be more than double in size. The competition is a high-stakes test…
The strategic economic measures of the current administration have significantly bolstered the state’s financial standing, yielding USD 222.8 million in foreign currency revenue during the first two months of 2026. According to the Weekly Fiscal Development of the Ministry of Finance, for the 8th week of 2026, the state recorded a total revenue and grants of MVR 7.8 billion between January 1, 2026 to February 26, 2026. During the same period, total expenditure stood at MVR 5.9 billion. Consequently, the state achieved a record budget surplus of MVR 1.9 billion by the end of this period. This represents a substantial…
Minister of Transport and Civil Aviation, Mohamed Ameen on Wednesday, March 4, announced that efforts are being made to launch the government’s new taxi service on the upcoming Eid-ul-Fitr. The minister shared these details during a press conference held to provide updates on the ministry’s ongoing projects. Minister Ameen explained that commencement of this service faced delays due to necessary technical modifications required for the vehicles. He noted that since the service will operate in close proximity to sea, these essential adjustments ensure a long-term durability of the fleet under the local environment. The service will utilize three different car…
The Minister of Tourism, Thoriq Ibrahim on Wednesday has said Maldives will be opening seven new tourist resort properties throughout the year. He made the remarks in a press briefing at the President’s Office on Wednesday, where he said that these new properties will add over 1,000 beds to the market. The minister also confirms leasing 31 different venues for various tourism-related ventures since President Dr. Mohamed Muizzu took office. While speaking the policies for the tourism industry, the minister further affirmed leniencies to developers and stakeholders to develop properties in atolls with fewer resorts. Thoriq said this decision aims…
Allied Insurance Company of the Maldives on Wednesday, March 4, announced its official partnership with Elite Runners Maldives as the Title Sponsor for this year’s Hulhumale’ Run. The event, now officially named Allied Hulhumale’ Run 2026, will take place on May 22, 2026 in Hulhumale’, bringing together runners, families, and fitness enthusiasts from across the Maldives for one of the nation’s most anticipated running events. The Allied Hulhumale’ Run 2026 offers four exciting race categories designed to welcome participants of all ages and fitness levels. The categories of this year’s Hulhumale’ Run include: 1-Mile Family Run 5KM Run 10KM Run…
STO Healthcare has supplied an advanced cardiovascular ultrasound system to Hulhumale’ Hospital to enhance the hospital’s cardiac, pediatric, and neonatal diagnostic capabilities. The introduction of the GE Vivid E95 cardiovascular ultrasound system was complemented by a structured application training session conducted at the hospital on February 22, 2206. This session was attended by healthcare professionals from Hulhumale’ Hospital, with participation from representatives of Tree Top Hospital. The system is delivered through STO Healthcare’s authorized partnership with GE HealthCare, one of the global leaders in medical imaging and healthcare technology. The GE Vivid E95 is designed to deliver high-resolution cardiac imaging,…
The Maldives Airports Company Limited (MACL) has reported cancellation of 19 scheduled flights to the Maldives on Sunday, March 1, 2026. Reportedly this affected a total of 3,530 passengers. This disruption follows the intensified military actions by Israel and the United States against Iran the day before, which have exacerbated the ongoing conflict in the Middle East. According to data by MACL, nine flights got cancelled on this Saturday as the regional situation escalated, impacting 1,716 travelers. These flight cancellations are a direct result of the closure of airspace across several Middle Eastern nations due to the prevailing security conditions.…
The price of oranges in the local market and general bazaar has seen significant increase amid Ramadan. Ramadan, the ninth month in the Islamic lunar calendar, is a period where Muslims obverse fasting during daylight hours. It is also a period where consumption rates spike across all food groups in the Maldives, especially potatoes, eggs, onions, watermelons, and oranges. Currently a single orange is retailing between MVR 12 and MVR 15 in the open market. However, State Trading Organization (STO) has lowered the threshold by selling at stable rate of MVR 40 per kilogram, which translates to just MVR 6…
Bank of Maldives (BML), has announced that its Board of Directors has recommended a dividend payout of MVR 60 per share, following the bank’s strong financial performance in 2025. The national bank revealed that it achieved a net profit of MVR 2.5 billion in 2025, making a 9.8% growth compared to 2024. Furthermore, the bank said that the Board has also proposed a bonus share issue, offering two additional shares for every single share currently held by shareholders. The final dividend amount and the bonus share proposed are subject to approval at the bank’s upcoming Annual General Meeting. BML further…
Bank of Maldives (BML), the country’s national bank on Wednesday announced that it achieved record-breaking financial results last year. The bank reports generating a net profit of MVR 2.5 billion in 2025. According to the financial statistics the bank released, the profit after tax stood at MVR 2.5 billion, a 9.8% increase compared to the previous year’s net profit. While the profits have increased, the bank’s total assets have grown to MVR 55.8 billion. The figures further reveal that BML disbursed MVR 10 billion in new loans and financing to individuals and businesses over the past year. Additionally, more than…