A digest of news and opinion from the Maldives.
In a noteworthy move, the Ministry of Tourism has today reduced significantly the penalty payable in respect of delayed lease rent payments. This policy change is reflected in the 4th Amendment to the Tourist Resorts, Tourist Hotels, Tourist Guesthouses (Payment of Lease Rent) Regulations. The thrust of the amendment is that it has altered the penalty […]
Ooredoo reveals that the telecommunication company has generated a profit of MVR 80 million in the second quarter of 2020. According to the quarterly statistics published by Ooredoo, the company has generated a total of MVR 409.6 million in Q2 2020. Ooredoo stated that the company’s total income has shown a significant decrease this year […]
The island nation of Maldives reopened its borders to international tourists on 15th July 2020, after 3 months of a halt in tourism. Within 17 days of reopening borders, the popular destination received over 1700 tourists from around the world. In fact, on the very first day itself, the Maldives welcomed a total of 80 […]
STO Home Improvement has introduced grand Eid offers, offering customers the opportunity to enjoy great savings. Customers can Visit eSTOre (https://sto.mv/) and buy online safely along with free delivery to their doorstep. The Eid Offers are available on various electronic products in the online store. This includes the Hitachi Refrigerator R-H200PG7, which had an initial […]
Bank of Maldives (BML) has issued MVR 475.6 Million and USD 6 million as loans to 330 companies under the COVID recovery scheme. According to the statistics publicized by the Finance Ministry, 542 companies have applied for the COVID recovery scheme. Out of the 542 individuals, 128 are not eligible for the scheme. The report […]
Did you know that around 200 islands in the Maldives are uninhabited, deserted islands? However, the majority of these have been developed as resorts and currently, there are over 150 resorts in the island nation. The reducing number of uninhabited islands has been a concern for locals for several years. One example is the Kuda […]
On 3rd August, Ooredoo Maldives announced the ‘Atholhu Run’; – a first of its kind virtual run across all twenty atolls of the Maldives. Planned for Friday the 28th of August 2020, the run is part of Ooredoo’s celebrations for fifteen successful years with the people of Maldives. “Atholhu Run aims to promote togetherness through […]
Miniso has introduced its second ‘Shop in Shop’ outlet in Hulhumale’ Sonee Hardware. Miniso, a renowned designer brand of Japan, was first introduced to the Maldives by Sonee Sports last month. Miniso has further expanded its business in the Maldives with its new ‘shop in shop’ outlet in Hulhumale’. According to Sonee, products of Miniso […]
Photo by: Avas Health Protection Agency (HPA) has announced that the Agency has temporarily suspended 22 more businesses in the Greater Male’ Area, that had violated the safety guidelines established by the agency in response to the global pandemic. HPA initiated a mass inspection to ensure if the businesses follow the safety guidelines issued by […]