Tax hike may lead to $50 million tourism loss, MATATO warns

MATATO's statement accused Minister Ameer of giving “flawed” information to the IMF and the World Bank.

24 November 2022

Hulhumale guesthouses to get dedicated beach area

HDC said that guesthouse businesses currently have a significant stake in the tourism sector of Maldives.

24 November 2022

Fenaka accused of large-scale graft; MDP members in defence

To settle the Fenaka debt, it recently took out a loan of MVR 400 million from the Maldives Islamic Bank (MIB), but its debt repayment remains to be seen.

18 October 2023

Pres ratifies new companies bill; abolish annual fees

The law will come into force on the 1st of next month.

28 December 2023

Democrats' business policy: concessional loans, PayPal access

There have been many changes in the last 15 years, but the income of the common people has not improved, Nasheed said.

19 July 2023

SDFC introduces loans to craftsmen, taxi drivers

Nazim said the biggest relief for the loans is the lower interest rate and repayment period.

31 August 2023

SDFC to set up Islamic bank for small businesses

Nazim said the new Islamic SME bank will provide all the services currently provided by commercial banks to small and medium enterprises.

31 August 2023

Interest on SME Covid loans waived

The President said the biggest complaint he received during his door-to-door campaign was the difficulty in repaying loans.

22 September 2023