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Local.mv Blog

Latest local business news & updates
Dec 16
Economic Ministry terminates 32 private businesses

Economic Ministry has terminated 32 privately owned businesses, including shops and marts. An announcement made by the Ministry last Tuesday stated that the businesses were terminated according to the law last month. Some of these businesses had been created in 2015. The Ministry had previously announced that such a move may be forthcomin. The Ministry […]

Dec 13
Compiling the business database of Maldives

Local.mv has embarked on the big and difficult task to compile a business directory of the Maldives. As such a directory or database is not available in the Maldives this would be very useful for the general consumer. Local.mv has teams researching, compiling and entering information of businesses or entities which would qualify to be […]

Dec 10
Ensis Canning Factory opens in Hulhumalé

A fish processing plant and ice plant by Ensis has been inaugurated in capital city Malé’s suburban extension Hulhumalé on Monday. The Ensis Canning Factory was officially inaugurated by President Ibrahim Mohamed Solih. The factory is an investment of USD 25 million (MVR 385 million) and was constructed as a state-of-the-art facility. It has the […]

Oct 13
President established Tradenet Maldives Corporation Limited

President Ibrahim Mohamed Solih has on Sunday established the ‘Tradenet Maldives Corporation Limited’. The President’s Office said that the corporation was established as a company “with hundred percent government shares,” and as a “Single Window operator for complete business-related services under a single roof.” In its work to ensure economic stability in the country, the […]