A digest of news and opinion from the Maldives.
Bank of Maldives has expanded its cash deposit and payment services in the atolls with 40 Cash Agents. Through these agents, customers can make cash deposits of up to MVR 10,000 per day as well as make payments for loans and credit cards. As part of its efforts to bring banking services to islands, the […]
Lotus Fihaara has announced that they will be introducing a wide range of disinfectants to the Maldives. This was revealed in a tweet by Ahmed Arif, Chairman of Senior International, on July 20th July 2020. According to Arif, disinfectants will be made available at Lotus Fihaara at an affordable price for all its interested buyers. […]
The government has expressed its opposition towards the amendment to Immigration bills which stands for granting residence visas for foreigners making an investment above MVR 100,000, renting or leasing a residence for more than 10 years, or marrying a Maldivian, in the parliament. According to the Committee Chair, the amendments have been proposed by the […]
The Maldives government has announced that 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 […]
Dhiraagu has launched a special promotion offering FREE Fibre Broadband connection and a FREE router. Customers residing at premises where there is an existing fibre cable in the building will be able to get a complete free connection and a free route. Those customers who may be residing in a building where there is no […]
The Civil Court has decreed Allied Insurance to pay USD 22.78 million (MVR 351 million) to Yacht Tours on Sunday (19th July 2020). Yacht Tours filed the lawsuit over a lack of compensation for extensive damages to water villas in H. A. Alidhoo. It is a resort that has been leased to Yacht Tours for […]
Eva and I first visited the Maldives in the 1980s. We fell in love with the country, holidayed here many times and, in the early 1990s, started to invest. Initially it was in Humming Bird helicopters, the country’s first domestic air transportation company, which eventually morphed into TMA. Then we moved into hotels, starting with Soneva […]
National Federation of Maldivian Employers (NFME) is hosting its 9th webinar session under tailoring a new reality on the topic, “The Maldives Insurance Industry and Innovative Insurance Products for the New Business Environment” The webinar will take place on the 22nd of July 2020 at 16:30hrs local time. This episode can be watched live on […]
Controversies have arisen after the President of People’s Majlis, Mohamed Nasheed, proposed the provision of resident visa for foreigners who live in a rented house in the Maldives for 10 years. A residence visa is a document or a card required in some regions, allowing a foreign national to reside in a country for a […]