Business - Page 3

News

18 Jun, 2025

Authorities Intensify Crackdown on GMCE Crypto Pyramid Scheme, No Arrests Yet

MALE’, Maldives — The GMCE investment scheme, popular among Maldivian investors from ordinary citizens to prominent figures, has been exposed as a pyramid scheme. Authorities are escalating efforts to take legal action

Business·India-Maldives·News

25 Jul, 2025

Bank of Maldives to Introduce Indian Rupee Accounts, Aiming to Bolster Trade and Remittances

Malé, Maldives — In a significant move to deepen economic ties with India, the Bank of Maldives (BML) announced on Friday that it will begin offering Indian Rupee (INR) accounts for personal

Business·Leaders·News

16 Jul, 2025

Velana International Airport’s New Terminal: A Grand Vision Tested by Island Realities

The Maldives has long been a global emblem of luxury tourism, its turquoise waters and pristine beaches drawing millions to fuel an economy where tourism accounts for roughly 25% of GDP. At

Maldives Customs Seizes Over 130,000 Smuggled Cigarettes at Addu Airport

MALÉ, Maldives — Maldives Customs Service seized 130,155 cigarettes smuggled into the country, uncovered during an inspection at Addu International Airport on Saturday. The operation, targeting a shipment bound for the Maldives,

20 Apr, 2025

Business·News

Bank of Maldives Apologizes After ATMs Apparently Decide to Double-Dip Customer Accounts

MALE,—Bank of Maldives (BML) found itself in hot water after admitting to a glitch that gleefully deducted money from customer accounts twice, like an overzealous tax collector with a vendetta. The bank,

12 Apr, 2025

News

The U.S. and China: A Tug-of-War Over Trade, Tech, and Tension What It Means for Us

For you and me, this means pricier phones and cheaper headlines. It means our kids growing up in a world where a glitchy TikTok might be the spark for a diplomatic flare-up.

09 Apr, 2025

Business·World

India Strengthens Bilateral Trade Ties with Maldives Through Uninterrupted Supply of Essential Commodities

New Delhi,— In a reaffirmation of its longstanding commitment to the Maldives, India has announced the continuation of essential commodity exports to the Maldives for the fiscal year 2025-26. The notification, issued

03 Apr, 2025

Business·India-Maldives·News

Beijing’s New Measures Disrupt Global Supply Chains

As the trade war between the United States and China intensifies, Beijing is tightening its grip on critical technology, minerals, and engineering talent, creating significant ripples across global supply chains. The Chinese

22 Feb, 2025

World

Maldives and Saudi Arabia Expand Trade Ties with New Agreement

MALE, Maldives — Saudi Arabia has approved a memorandum of understanding (MOU) with the Maldives to boost commercial cooperation between the two nations. The agreement, endorsed by the Saudi Council of Ministers,

14 Feb, 2025

Leaders·News·World

Muizzu Government Merges Tourism and Environment Ministries, Appoints New Minister

MALE’, Maldives — The government of President Dr. Mohamed Muizzu has merged the Ministry of Climate Change, Environment and Energy with the Ministry of Tourism, appointing Thoriq Ibrahim as the new minister.

01 Feb, 2025

Leaders·News·Tourism

China’s Measured Response to Trump’s Tariff Threat Reflects Economic Challenges

China has adopted a defensive posture in the face of U.S. President-elect Donald Trump’s proposed 60 percent tariff hike on Chinese goods, choosing restraint over retaliation. Confronted with a slowing economy, property

26 Dec, 2024

World

Nothing says 'Welcome to the coffee shop' like a bold flamenco dress—because who doesn’t need a side of drama with their espresso?

In Maldives, Two Religious Incidents Spark Debate on Cultural Identity

MALE, Maldives — In a week marked by both blunders and backlash, two starkly contrasting incidents have exposed the fault lines between tradition and modernity in a nation that prides itself on

13 Dec, 2024

News·Tourism

Chinese Startups Struggle Amid Rising Redemption Requests, IPO Market Freeze

BEIJING, — China’s once-thriving start-up ecosystem is reeling as early-stage investors increasingly invoke redemption rights, a mechanism that allows them to reclaim their investments plus premiums when companies fail to achieve critical

28 Nov, 2024

Business

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