A digest of news and opinion from the Maldives.
Maldives Transport & Contracting Company (MTCC) will be celebrating its 40th anniversary tomorrow, the 18th of December. This momentous occasion marks four decades of incredible milestones for MTCC, which is now one of the strongest business entities in the country with a diversified range of products and services. MTCC was incorporated on 18 December 1980 […]
Housing Development Corporation (HDC) has signed a contract with Rainbow Mega Developers for the development of the infrastructure projects under “Mixed Residential Development” in Hulhumale’. In a signing ceremony held yesterday at HDC, the agreement was signed on behalf of Rainbow Mega Developers by its Director Mazin Ibrahim Rafiq, and by HDC’s Managing Director Shuhail […]
The national carrier, Maldivian has reported a loss of MVR 110 million. Statistics of Privatization and Corporatization Board (PCB) reveal that Island Aviation Services (IAS), the company which operates Maldivian, income fell by 76 per cent in the second quarter of 2020 when compared with the same period in 2019. PCB oversees state-owned companies IAS […]
As the festive season approaches, Hideaway Beach Resort & Spa wishes its guests a memorable stay and a joyful start to 2021. The team warmly invites guests to celebrate the season with a fabulous festive programme inclusive of indulgent culinary delights, unique activities, entertainment, and more special treats designed to ensure an unforgettable experience. This […]
The COVID-19 pandemic is the latest crisis facing the world, but unless humans release their grip on nature, it won’t be the last, according to a new report by the United Nations Development Programme (UNDP), which includes a new experimental index on human progress that takes into account countries’ carbon dioxide emissions and material footprint. The […]
State-owned companies or enterprises (SOEs) have reported a loss in earnings of 86 per cent in the second quarter of 2020, compared to the same period in 2019. The Privatization and Corporatization Board (PCB) publicized the second quarter statistics of state-owned companies yesterday. According to the PCB, only MVR 138 million was reported as the […]
Bank of Maldives (BML) has disabled transactions on foreign merchant websites due to the dollar shortage in the Maldives. From 16th December 2020, BML card transactions will be disabled on selected foreign online money transfer and digital wallet services including Skrill and Transferwise. The measure is being taken in light of a time where dollar […]
The Maldives has achieved the milestone of welcoming the 500,000th visitor to the sunny side of life in 2020. Since the reopening, there has been a gradual increase in tourist arrivals with the establishment of travel bubbles between the Maldives and other countries, as well as greater connectivity in terms of flight operations. Over 18 […]
Patina Maldives has announced the appointment of Adil Abdulla as the Landscaping Manager, and Ismail Naeem as the Front Office Manager. Adil joins Patina Maldives with over 20 years of experience within the hospitality industry. Prior to joining Patina Maldives, Fari Islands, he held the position of Senior Landscaping Supervisor at Waldorf Astoria Maldives. He […]