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A digest of news and opinion from the Maldives.

Business

Maldives Travel Awards takes up the streets of London

Maldives Travel Awards takes up the streets of London

2 min read

MATATO has launched a remarkable marketing campaign in London for Maldives Travel Awards, in the occasion with World Travel Market, which starts on 6th November 2017. For this campaign, popular black cabs of London are wrapped with colours of Maldives Travel Awards, displayed along with spectacular sights of the destination. This is the first time […]

ILAA Maldives Marks 25th Anniversary with a Special Outlook

ILAA Maldives Marks 25th Anniversary with a Special Outlook

3 min read

On 26th October ILAA Maldives marked the 25th anniversary along with the rebranding logo of the company. The event was held at Hotel Jen, Male’, An approximate of 100 invitees took part in this event, with government institutions, customers as well as suppliers. The new logo was revealed by the chief guest of the event, […]

Maldives’ main airports deploy Rockwell Collins’ passenger processing platform to streamline the passenger experience

Maldives’ main airports deploy Rockwell Collins’ passenger processing platform to streamline the passenger experience

2 min read

The Maldives’ two main international airports are now using Rockwell Collins’ ARINC vMUSETM Common Use Passenger Processing System to improve airport processes while expediting the check-in process for passengers. Click to enlarge Extends long-term and strategic relationship with MLE GAN signs new agreement SINGAPORE (Nov. 6, 2017) – The Maldives’ two main international airports, Velana […]

Carpe Diem Maldives to expand business with resort opening in June 2018

Carpe Diem Maldives to expand business with resort opening in June 2018

3 min read

Ever since the inception of Carpe Diem Maldives Pvt. Ltd. in 2008, the company has been cruising keen travellers around the picturesque Maldivian waters, providing them with the exquisite experiences the country has to offer. After ruling the Maldivian seas for 9 years, Carpe Diem Maldives is set to expand its fleet of 3 luxury […]

Maldives slips on World Bank’s doing business ranking

Maldives slips on World Bank’s doing business ranking

2 min read

The Maldives slipped one position in the World Bank’s ease of doing business report for 2018, ranking 136 out of 190 economies. The only reform enacted during the one-year review period ending on June 1, 2017 was the introduction of an online system for filing and paying taxes. The Maldives fell from 128 to 135 […]

Government lends US$3m to debt-ridden fisheries company

Government lends US$3m to debt-ridden fisheries company

2 min read

The finance ministry has loaned MVR46.3 million (US$3 million) to the State Trading Organisation to prop up its subsidiary fisheries company. The debt-ridden Maldives Industrial Fisheries Company was incorporated under the umbrella of the STO group, the largest state-owned enterprise and the country’s primary wholesaler, in October last year. According to the finance ministry, the loan is intended to […]

Usable reserve of Maldives decreases by 8 percent

Usable reserve of Maldives decreases by 8 percent

1 min read

 The central bank of the Maldives and the main regulator of the financial sector in the country, Maldives Monetary Authority (MMA) has stated that the country’s usable financial reserve has decreased by 8 percent due to the increase in the amount of USD sold by the institution. According to the Monthly Statistics published by MMA, […]

Bain to Pursue Purchase of Tropical Island Airline – Bloomberg

Bain to Pursue Purchase of Tropical Island Airline – Bloomberg

3 min read

Trans Maldivian, which owns one of the world’s biggest seaplane fleets, carries visitors from the country’s international airport to luxury resorts on other islands.  Bain Capital LP is in the final stages of bidding for Blackstone Group LP’s seaplane operator in the Maldives, the tropical island chain known for its white sand and turquoise waters, […]

Corporate Maldives and CTL Strategies officially Launches Gold 100

Corporate Maldives and CTL Strategies officially Launches Gold 100

3 min read

Corporate Maldives along with their advisory partner CTL Strategies have officially launched Corporate Maldives GOLD 100 Gala nominations as well as the selection criteria for 2018 which will be a list of leading 100 companies of the Maldives in 2017 at an event held at the office of CTL Strategies on the 2nd of November 2017. […]