Business
Maldives to Implement Free Trade Agreement with Türkiye in Early 2025
The Maldives' Minister of Economic Development and Trade, Mohamed Saeed, has announced that the free trade agreement (FTA) between the Maldives and Türkiye will be implemented in the first quarter…
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MPL Unveils Plans for Cruise Terminals in Four Strategic Locations
Maldives Ports Limited (MPL) has announced ambitious plans to develop cruise terminals at four key locations across the Maldives, a…
Government Strengthens Ties with Local Councils, Earns Their Trust
The relationship between the government and local councils has significantly improved, with councils expressing greater trust and cooperation, according to…
Island Councils Seek Uninhabited Islands for Income-Generating Projects
The government has completed its evaluation of proposals from local councils seeking to acquire uninhabited islands for economic development purposes.…
STO’s Relocation of Oil Storage to Thilafushi Aims to Boost Capacity and Stabilize Prices
The State Trading Organisation (STO) is set to relocate its oil storage facility from Funadhoo to Thilafushi, a move expected…
STELCO Targets USD 7.78 Million Profit by Year-End, Focuses on Modernization and Employee Engagement
State Electric Company Limited (STELCO) is on track to achieve a projected profit of USD 7.78 million by the end…