A digest of news and opinion from the Maldives.
Snowbirds and bon vivants rejoice! The Grand Park Kodhipparu in the glistening South Asian archipelago of the Maldives has opened its doors this month—just in time for you to book your much-needed winter getaway. The nature-centric resort features 120 luxury villas and overwater bungalows brought to life by renowned hospitality interior design firm Hirsch Bedner […]
While some of the techno gadgets such as Smartphones, Go Pro, Drones diffusion in the Maldives market is extremely fast, it takes longer to absorb economic and technical advances which are non-tangible. According to NPR, if you had bought $1000 worth of Bitcoin in 2010, that investment would be worth $20 million today. That is […]
Profit earned by banks in the Maldives increased by 14% during the third quarter of 2017. According to Maldives Monetary Authority (MMA), by the end of last quarter, a 14% increase in bank profits was recorded. The main reasons cited by the central bank are pending repayments collected for loans and growth in overall income […]
Justly famous for its idyllic palm-fringed resorts in the middle of the vast Indian Ocean, the Maldives is now eager to add to its persona by becoming the Dubai of the South Asian region – an ideal place for entrepreneurs from the region and beyond to network and strike deals in a uniquely pleasant and […]
The Commercial Bank of Maldives (CBM), a subsidiary of the Commercial Bank of Ceylon PLC, recently opened its second branch in the Maldives, a little over a year since it commenced operations in the archipelago. The new branch is located in Hulhumalé, the reclaimed island that is connected by road to the airport island of […]
It’s confirmed now – the government of Maldives, headed by President Yameen Abdul Gayoom, has restricted the movements of Indian High Commissioner in Maldives, Akhilesh Mishra. Maldives’ Local Government Authority had issued an order on 11 December, saying that “all” foreign diplomats posted in the Maldives would henceforth require a prior approval of the home […]
Britain’s ambassador to the Maldives has said he is worried about the erosion of freedoms in the Indian Ocean archipelago. James Dauris, in a carefully worded New Year message, said he had become fond of the country since taking up his appointment. He highlighted the successful collaboration between the two nations on education, women’s issues […]
SolarWorld supplies solar modules with a capacity of 150 kWp for a hybrid power station on the Maldives island of Ellaidhoo. In the future, guests at the Ellaidhoo Maldives Hotel will be supplied with clean solar power, and as a result, the unique nature of the reef will be preserved. The hotel resort is certified […]
A multi-day fishing craft that sailed out from Beruwala Fisheries Harbour with 6 local fishermen has met with an accident in the seas off the Maldives. The fishing craft, Lakpriya 01, left the habour on 21st of November. The relatives of the fishermen had been informed of the accident last Friday (16). The owner of […]