MHA opens new shop in Hulhumale'

Oct 23, 2023, 7:05 AM

MHA, one of the largest wholesalers and retailers in Maldives, has opened a new shop in Hulhumale'.

The shop is located on the ground floor of Raincrest Residence. Goods imported by MHA and all the items from Male' shops are available at this shop.

MHA said it plans to open a second shop in the second phase of Hulhumale'. Preparations are underway and the shop will open soon, the company said.

MHA shop in Hulhumale'.

MHA said customers of the newly opened store in Hulhumale' will also be able to participate in the company's loyalty program.

MHA is one of the largest importers and wholesalers in Maldives. The company also operates two retail stores in Male'.

One shop is located in the Male' Grand area while the other shop is located at the corner of Fareedhee Magu and Aaburuzu Hingun.

MHA

Comments

Latest News

Former MWSC chief slams ‘misguided' buyback of Hitachi stake

Former MWSC chief Abdul Matheen criticized President Muizzu’s plan to buy back Hitachi’s 20% stake, calling it a "misguided" move during a financial crisis. He argued that spending millions is illogical while the state seeks budget support and blamed the decision on poor corporate governance and political interference in state enterprises.

Dhiraagu Gamers Guild offers iPhone 18 Pro Max

Dhiraagu Gamers Guild is offering a chance to win an iPhone 18 Pro Max in Burgundy to users who subscribe and verify their profiles by December 31, 2026. This initiative aims to support the Maldivian gaming community by providing exclusive rewards and competitive tournament opportunities for local talent.

Fenaka Managing Director Afeef dismissed

Mohamed Afeef has been dismissed as the Managing Director of Fenaka Corporation, the third person to hold the role under the current administration. His removal comes amid government efforts to dissolve the utility company and reduce the state-owned workforce by 33 percent. No official reason for the dismissal has been provided.

India rolls over 30 billion rupee currency swap

India has agreed to roll over a 30 billion rupee currency swap for the Maldives following a request from the Maldivian government. This extension aims to stabilize the nation's low foreign exchange reserves and prevent economic strain. The decision follows a recent $50 million debt payment made by the Maldives to India in September.

MMA restricts medical USD allowance to six countries

The Maldives Monetary Authority has restricted the $1,000 medical currency allowance to six specific countries to ensure funds are used for their intended purpose. This change follows a surge in foreign currency demand for private travel. The $2,000 allowance for state-funded Aasandha patients remains unchanged.

Dollar revenue drops 15% in September compared to 2025

The Maldives Inland Revenue Authority reported a 15% drop in dollar revenue for September, falling to $126.8 million. While tourism taxes rose, the decline was driven by a sharp decrease in lease extension fees and airport taxes. Despite this monthly dip, total dollar revenue for the year remains higher than 2023 levels at $1.2 billion.

"No obstacles to conducting online transactions now"

Economic Minister Mohamed Saeed announced that Bank of Maldives has resolved previous obstacles to online transactions and e-commerce caused by the dollar shortage. The bank is also working to restore full capacity for telegraphic transfers and foreign currency issuance as the government manages unprecedented debt repayment obligations.

Get the latest news delivered straight to your inbox