A digest of news and opinion from the Maldives.
MALE — The International Islamic Trade Finance Corporation (ITFC), member of the Islamic Development Bank (IsDB) Group signed with the State Trading Organization (STO), a government owned company in the Republic of Maldives, a syndicated murabaha financing agreement for $ 100 million. The Murabaha financing will secure more than 75 percent of the purchase of […]
The following article was published on PSM news, the official State Media in the Maldives. International Islamic Trade Finance Corporation (ITFC) has provided State Trading Organization (STO) with a 100 million U.S. dollar financial facility. The agreement of the venture was signed by the CEO of ITFC Nazeem Noordaah and Managing Director of STO Ahmed […]
HR Management can be a hectic task when multiple systems are used to manage day to day tasks. Different systems can be in place for Visa handling, Payroll processing, attendance management and benefit administration. Modern HR managers are expected to manage multiple staff’s, remotely monitor, administer and guide employees and most importantly continue the day […]
Cargo unloaded at Male Commercial Harbour. PHOTO/MIHAARU Official statistics show that this year’s state revenue slightly exceeded government expenditures by the end of November. According to the finance ministry, the state raked in MVR 18.2 billion as income and free aid while expenditure stood at MVR 18.01 billion. Statistics also show a surplus of MVR […]
Laniakea Tech has partnered with Axisrooms to provide Channel Manager software free of charge to all tourism service providers in the Maldives. Resorts, guesthouses and other similar service providers can enjoy benefits of the software until the end of 2018. Channel Manager provides users with one Platform to manage inventory and pricing of online travel agents […]
Ongoing construction of the new building at VIA’s waterfront, to house the new range of franchise restaurants. Three groups have expressed interest to operate restaurants in Velana International Airport (VIA), following the bid opened by Maldives Airports Company Ltd (MACL) seeking franchise restaurants and cafe brands to invest in the airport. According to a MACL […]
Technology plays a vital role in Maldives consumer decision-making process. Marketers are coming up with innovative ideas and concepts to satisfy the customer demand. It is evident that staying ahead of the technology ensures survival. Omni- Channel marketing concept focuses on providing the customer a seamless service encounter to make the customer feel convenience and smoothness […]
Popular local band, Detune has been appointed as the new Brand Ambassador of Dhiraagu. Detune Band was officially given the ambassadorship by the CEO and MD of Dhiraagu, Mr Ismail Rasheed, during a special ceremony held at Dhiraagu Head Office on 26 December 2017. During his speech at the ceremony, Mr Ismail Rasheed congratulated the band […]
Customers’ needs and wants are changing at a rapid phase. With the changes in the external and internal environment customers are now looking for convenience, lower prices and value for money. The industry of logistics and distribution is one of the most effected. Logistic can play a significant role in achieving strategic marketing objectives. It […]