Following business and economy news from Maldives

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Last update: 2 hours ago

Dive Tragedy: Five Italians died in a 160ft-deep cave dive near Vaavu Atoll, with bodies recovered after they failed to resurface; families say the lead diver “would never” have risked her daughter, while authorities continue a probe into what went wrong. Tourism & Recovery: Recovery efforts were hampered as the incident sparked fresh questions about dive safety and conditions. Maldives–India Trade: Foreign Minister Iruthisham Adam says Malé aims to sign an India Free Trade Agreement by end-2026, stressing close cooperation on housing, transport, connectivity, and security. Banking for SMEs: Sampath Bank launched a Mastercard Business Credit Card to boost SME cash flow and spending control. Media Tech Push: The Asia Media Summit in the Maldives urged broadcasters to embrace AI and digital tools while keeping core broadcasting values. Business Travel Signals: Cathay Pacific cut fuel surcharges from 16 May, while regional airlines adjust fees amid Middle East-linked volatility.

Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result.

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Sijo John appointed Director of Finance at Sheraton Grand Bengaluru Whitefield Hotel & Convention Center

Sijo John appointed Director of Finance at Sheraton Grand Bengaluru Whitefield Hotel & Convention Center

‘Something happened down there’: Families’ horror after Maldives dive tragedy as recovery hampered & ‘survivor’ emerges

‘Something happened down there’: Families’ horror after Maldives dive tragedy as recovery hampered & ‘survivor’ emerges


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