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A digest of news and opinion from the Maldives.

Business

Vilunü – Maldivian Beauty and Home Fragrance Company

Vilunü – Maldivian Beauty and Home Fragrance Company

3 min read

The Maldivian beauty and home fragrance company Vilunü creates uniquely Maldivian scents that are inspired by the secluded jungles and luscious flora of local islands. Founded in 2017, the idea to create the brand came to one of Vilunü’s partners when he wanted to capture the scent of local seed. Their name too is meant […]

Guesthouses to Pay Bill Payments in Instalment

Guesthouses to Pay Bill Payments in Instalment

1 min read

Guesthouses have been informed by a circular sent by the Guesthouse Association that water and electricity bills can now be divided into 6 months and paid in instalment. This has been commenced due to the suspension of guest houses for a long period amid COVID-19 pandemic causing financial downturns. The issue was brought into a […]

Declaration of Interim Dividend for Financial Year 2020 – Dhiraagu

Declaration of Interim Dividend for Financial Year 2020 – Dhiraagu

2 min read

COVID-19, which was declared a pandemic by the World Health Organization (WHO) on 11 March 2020, has had a significant impact on the Company’s results during Q2 2020. Dhiraagu reported a 25% decrease in revenue vs the previous quarter, primarily due to the economic impact Of the pandemic. The reduction in revenue came from all […]

Development & Sale of Mixed Residential Buildings in Hulhumale’

Development & Sale of Mixed Residential Buildings in Hulhumale’

2 min read

Housing Development Corporation Ltd. (HDC) has announced that the Corporation is seeking parties for the “Development and Sale of Mixed Residential Buildings in Hulhumalé” Development S1-1 consists of a plot area of 24,098.22 square feet with 14 floors (47 meters). S1-1 is of 142,179.49 square feet Gross Floor Area (GFA). Development S1-3 consists of a […]

Moolee Celebrates Eid al-Adha with a Digital Carnival with Eid Gifts, Special Offers & Lots of Exciting Giveaways!

Moolee Celebrates Eid al-Adha with a Digital Carnival with Eid Gifts, Special Offers & Lots of Exciting Giveaways!

2 min read

The rapidly growing E-commerce platform Moolee announced a special digital carnival for the Independence Day & Eid al Adha holidays from today, 24th July 2020 till 3rd August 2020. The carnival includes Eid gifts, special offers, and a large number of exciting giveaways for customers! Moolee Carnival will feature a special section on the platform […]

Decreases in Tourism Land Rent; Does this Ensure a Boost in Tourism?

Decreases in Tourism Land Rent; Does this Ensure a Boost in Tourism?

5 min read

The Maldives government has recently announced, they had decided to decrease the land rent charged on islands leased for tourism purposes in the Maldives. Economic Minister Fayyaz Ismail, who is currently leading and administrating the Tourism Ministry, had tweeted revealing the government’s decision to reduce land rent in a bid to progress tourism in the […]

COVID Extension for Resort Construction Periods

COVID Extension for Resort Construction Periods

4 min read

Many a developer involved in the construction of Maldives resort properties recently suffered project delays due to COVID-related lockdowns, shutdowns, and interruptions. More often than not, the construction and development of a tourist resort happen with a combination of certain key factors: money, resources, and time. Any unwelcome time lags in a construction project of […]