Businesses booming in light of lockdown easements

People queued outside a shop in Male' City on April 22, 2020. (Sun Photo/Fayaz Moosa)

Maldives Monetary Authority (MMA) has stated that lockdown easements have paved the way for businesses to progress and boom. 

MMA published the quarterly business survey report, which stated that wholesale and retail businesses in the Maldives were making progress due to the easements.

The report showed significant advancements in the third quarter when compared with the second quarter where most businesses in the Maldives was in limbo due to the virus. 

In terms of jobs created, a significant increase was not identified and the report showed that prices of goods still remained high. 

MMA estimates that retail and wholesale businesses keep on advancing in the fourth quarter where more business loans could be introduced.