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A digest of news and opinion from the Maldives.

Business

Sheraton Maldives Full Moon Resort & Spa Receives Multiple Awards

Sheraton Maldives Full Moon Resort & Spa Receives Multiple Awards

3 min read

Sheraton Maldives Full Moon Resort & Spa has received multiple awards this year, despite its unfavourable circumstance. TripAdvisor Traveler’s Choice Awards recognized Sheraton Maldives Full Moon Resort & Spa as the “Top 10% of hospitality businesses around the globe”. The resort also received high marks from voters of the prestigious Luxury Lifestyle Magazine. The Readers’ […]

MTCC Announces Project Progress in 7 Islands

MTCC Announces Project Progress in 7 Islands

2 min read

MTCC has completed the design and build of GDh. Thinadhoo Ice Plant area quay wall on 4th August 2020. Project works involve dredging operations of 9245cbm, harbour basin dredging operations of 1859.01cbm, construction of a 161m quay wall, and a 10m revetment. Hulhudhoo On 10th August, MTCC announced that dredging works for S. Hulhudhoo Harbour […]

Ooredoo Maldives Launches Samsung Galaxy Z Flip with Free Monthly Bonus Data

Ooredoo Maldives Launches Samsung Galaxy Z Flip with Free Monthly Bonus Data

1 min read

Samsung in partnership with Ooredoo Maldives, today launched the Samsung Galaxy Z flip in the Maldives with an exciting offer for Ooredoo customers to easily grab onto this highly innovative foldable handset. This foldable full-screen phone that is incredibly compact features a camera made to stand on its own, and a dual battery that lasts […]

BML Issues MVR 486 Million for Large Businesses

BML Issues MVR 486 Million for Large Businesses

1 min read

Bank of Maldives (BML) has issued MVR 486 Million for large businesses operating in the Maldives, which has been affected by COVID-19, under the Economic Recovery Scheme. Eligible parties for the Economic recovery Scheme include resorts and businesses which generate a yearly turnover of 10 million. According to the information published on the finance ministry’s […]

Medtech Imports All 50 Unit ICU Ventilators Contracted to the Company

Medtech Imports All 50 Unit ICU Ventilators Contracted to the Company

1 min read

Medtech Maldives has reportedly imported 20 more Unit ICU ventilators to the Maldives. With the import of this batch of 20 ventilators, Medtech will now have brought a total of 50 ventilators to the Maldives. These are the 20 more ventilators that had been imported after the company was awarded a contract to import 50 […]

Lily Beach Resort & Spa Nominated for Dive Travel Awards 2020

Lily Beach Resort & Spa Nominated for Dive Travel Awards 2020

2 min read

Imagine coming up close and personal with a majestic manta ray, performing graceful underwater ballets. Watching sea turtles graze on seagrass in the lagoon, unbothered by your presence. Even better, a whale shark gliding peacefully through the crystal water, meters away from you. At Lily Beach Resort & Spa, anything is possible. The amazing underwater […]

9 Ways MDP Government Changed the Economic System in Maldives

9 Ways MDP Government Changed the Economic System in Maldives

3 min read

2008 became the first year the Maldives was administrated by an MDP (Maldives Democratic Party) government, with the presidency of Mohamed Nasheed. This was during a time the global economic crisis was having a significant impact on the Maldivian economy through reduced tourist arrivals and a decline in capital inflows. Since then, the MDP Government […]

Maldives Holds USD 702 Million in Total Reserve: MMA

Maldives Holds USD 702 Million in Total Reserve: MMA

2 min read

Maldives Monetary Authority (MMA) reveals on its report, that the total reserve of Maldives holds USD 702 million, while its usable reserve is at USD 152 million. According to the statistics published by MMA, the usable reserve of Maldives now holds USD 152.6 million. This amount was at USD 200 million during the month of […]

Medtech Imports Another 20 Unit ICU Ventilators to Maldives

Medtech Imports Another 20 Unit ICU Ventilators to Maldives

1 min read

Photo of a ventilator imported by Medtech Medtech Maldives has reportedly imported 20 more Unit ICU ventilators to the Maldives. With the import of this batch of 20 ventilators, Medtech will now have brought a total of 40 ventilators to the Maldives. These are the 20 more ventilators that had been imported after the company […]