SMEs

The music is fading

6 min read
The Maldives has, for the most part and over thousands of years, had several mediums of unique artistic expression from etchings and boat building to carving and weaving — even...

Making SMEs thrive

3 min read
Maldivian society is filled to the brim with creative and entrepreneurial individuals. At a time where more people are able, and seeking, to merge their passions into careers, the number...

SDFC: The backbone of SMEs

5 min read
The development of MSMEs is pivotal in creating a resilient and diverse economy while generating employment opportunities in the outer islands. The industry has been long neglected during the past...

SMEs and the economy

3 min read
So the mantra goes – that Small and Medium Enterprises (SMEs) make a major contribution to an economy, both in terms of development as well as in job creation. According...

The insurance industry is primed for growth

7 min read
On 19 November 2020, President Ibrahim Mohamed Solih inaugurated the Maldives' first ‘beach front airport’ in HA. Hoarafushi. However, just six months later, on 14 May 2021, disaster struck -...

BML has to re-examine lending rates

3 min read
The Bank of Maldives Plc (BML) with over MVR31 billion in total assets, dominates the market in the Maldives' banking industry. With over 293,000 customers, and 35 branches in the...

Maldives tourism outlook for 2021

3 min read
The Maldives concluded 2019 with 1.7 million tourist arrivals, a record for the country. Based on this, the Ministry of Tourism and industry stakeholders had been fairly optimistic for 2020,...