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    STO Posts MVR 785M Net Profit on MVR 16.7B Revenue as Resilience Outweighs Market Headwinds

    May 2, 2026

    Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

    April 29, 2026

    State Recovers MVR 800M in Outstanding Revenue

    April 29, 2026
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      STO Posts MVR 785M Net Profit on MVR 16.7B Revenue as Resilience Outweighs Market Headwinds

      May 2, 2026

      Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

      April 29, 2026

      State Recovers MVR 800M in Outstanding Revenue

      April 29, 2026

      Malé Hospitals Move to Strengthen Backup Power Capacity

      April 29, 2026

      Minister Denies Political Motive Behind Gedhoruveriyaa Housing Delays

      April 29, 2026
    • BUSINESS

      STO Posts MVR 785M Net Profit on MVR 16.7B Revenue as Resilience Outweighs Market Headwinds

      May 2, 2026

      Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

      April 29, 2026

      Malé Hospitals Move to Strengthen Backup Power Capacity

      April 29, 2026

      Dr. Ali Azwar Takes the Helm at STELCO as New Managing Director

      April 28, 2026

      Government Targets 33% Renewable Energy Shift to Cut State Spending

      April 26, 2026
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    Maldives Business TimesMaldives Business Times
    FINANCE
    FINANCE

    State’s weekly numbers show strong BPT collection

    July 5, 2022

    The weekly revenue collection posted by Maldives Inland Revenue Authority (MIRA) indicates a strong collection of Corporate Income Tax or Business Profit…

    FINANCE
    FINANCE

    World Bank extends grant of USD34mn to Maldives

    July 5, 2022

    The Government of Maldives and World Bank has signed on two grant agreements with a collect grant extension of USD34 million (MVR524…

    FINANCE
    FINANCE

    MMA introduces new currency sign

    July 4, 2022

    Maldives Monetary Authority (MMA) has officially introduced the new currency sign for Maldivian Rufiyaa (MVR). The newly unveiled official sign for the…

    PUBLIC SECTOR
    PUBLIC SECTOR

    Sale of multiple islands for resort development rakes MVR154mn to state

    June 30, 2022

    State has earned a reported total of MVR154 million (USD10 million) from the sale of four local islands for resort development. According…

    FINANCE
    FINANCE

    State collects MVR96.59mn Green Tax in May 2022

    June 29, 2022

    Maldives state collected a total of MVR96.59 million in green tax for the month of May 2022, reported the Ministry of Finance.…

    FINANCE
    FINANCE

    Expenditure at MVR15.95bn, revenues at MVR12.3bn

    June 27, 2022

    According to Ministry of Finance in their most recent Weekly Fiscal Developments, the cumulative total of state expenditure has reached MVR15,954.4 million…

    FINANCE
    FINANCE

    State deficit inflates to MVR3.6bn, expenditure hit MVR15.3bn

    June 15, 2022

    The latest update from Ministry of Finance reveals state has spent a cumulative total of MVR15,307.4 million (MVR15.3 billion) so far in…

    PUBLIC SECTOR
    PUBLIC SECTOR

    Housing Ministry to open land issuance application in late-June

    June 15, 2022

    Minister of National Planning, Housing and Infrastructure Mr. Mohamed Aslam confirms his respective ministry’s decision to announce application for land plot issuance…

    FINANCE
    FINANCE

    Japan extends grant aid for Human Resource Development Scholarship project

    June 14, 2022

    The government of Japan has provided a grant aid of JPY117,000,000 (MVR13,389,210) towards implementation of the human resource development scholarship project. The…

    BUSINESS
    BUSINESS

    Funaddu fisheries facility to be operational in 2023

    June 14, 2022

    The Minister of Fisheries, Marine Resources and Agriculture Dr. Hussain Rasheed Hassan recently told Maldives Parliament that the fishing facility in Thaa…

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    BUSINESS

    Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

    April 29, 2026

    The Maldivian government has expanded subsidized fuel for fishermen to nine service locations nationwide, up…

    State Recovers MVR 800M in Outstanding Revenue

    April 29, 2026

    Malé Hospitals Move to Strengthen Backup Power Capacity

    April 29, 2026
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