A digest of news and opinion from the Maldives.
Guesthouse Association of Maldives (GAM) has revealed that according to the survey carried out to identify the impact of COVID-19, the Maldives guesthouse industry will lose nearly USD 30 million in revenue. The survey results revealed that most guesthouses started the business with loans and they spend a large sum on land leases and rents. […]
In light of prevailing economic changes, small stores are rising in the Maldives bringing many changes to the retail industry. The rise of small stores in the retail industry is mainly due to Maldivian buyers opting for affordable stores over larger stores with high prices. Smaller stores such as Ihusaan store has been expanding at […]
State Trading Organization (STO) has announced that they will exempt lease of its food court vendors amid the spread of COVID-19 pandemic. STO has stated that as the government has ordered to close all restaurants and cafes, STO food courts will be closed during this state of a public health emergency. Thus to help its […]
Apple has announced that the company is expanding its app store to 20 new countries on its developers portal. Apple has not stated when the support will be available for new regions, however, Apple has asked developers to log into their accounts on its developer website and accept the update the license agreement in order […]
Dhiraagu reduces the prices of all Home Fixed Broadband Add-Ons by 50% to further assist customers with remote working, remote education and entertainment. This offer will be available to all Dhiraagu Home Fixed Broadband customers for the month of March and April 2020. Dhiraagu customers can now activate these add-ons via Dhiraagu Mobile Application and Myaccount […]
Maldives Transport and Contracting Company (MTCC) has held its management meeting online to support government and HPA in its efforts to contain the COVID-19. MTCC’s CEO has stated as its a contracting company they have to continue the work as a normal day, thus they have been maintaining a social distance and have conducted meetings […]
The rapid spread of the COVID-19 pandemic is expected to sharply reduce the GDP growth of Maldives for 2020, due to its adverse effect on the tourism and other sectors of the economy. The MMA stands ready to implement the various policy instruments and measures at its disposal, in order to mitigate the impact of […]
While the government is working on aiding the businesses to combat the COVID-19 impact, the Economic Ministry has requested to report if businesses layoff or deduct salary of employees. According to the announcement by the Ministry, the government is working to withstand the economic crisis by introducing cash-flow financing schemes and various other services to […]
Bank of Maldives (BML) introduced an online application option for internet banking services for their customers. BML customers can download the application form on BML’s website and submit the application or send a picture of the completed form via email to customerservice@bml.com.mv. Previously the service was not available online that customers were required to submit […]