A digest of news and opinion from the Maldives.
Faris Hadad-Zervos, the World Bank’s new Country Director for Maldives, Nepal and Sri Lanka, completed his first visit to the Maldives last week. The purpose of this visit was to experience firsthand the country’s response to the COVID-19 pandemic and recovery efforts, as well as the progress and results of the World Bank-supported projects in […]
Bank of Maldives has started accepting applications for the EIB COVID Relief Loan launched under the COVID-relief support for Small to Medium Enterprises (SMEs) through funding from the European Investment Bank (EIB), facilitated by the Government of Maldives. Businesses can finance projects up to MVR 15.42 million at a lower interest rate of 6% with […]
Following the changes to regulations to strengthen the work in Maldives Monetary Authority (MMA), laws have been amended to widen the work scope of MMA’s Board of Directors. The amendment to the bill was proposed by the parliamentary representative of Keyodhoo constituency, Hussain Qasim and reviewed by the Public Accounts Committee. The bill was passed […]
Albion Store has been announced as the co-sponsor of Super Sports United (SUS) for the upcoming Dhiraagu Dhivehi Premier League 2020/2021. Albion Store is a leading hardware store and sanitary-ware supplier in the Maldives. It has been in operation since 1980, marketing and supplying various hardware products within the country. The announcement of Albion Store […]
Bill regarding the lease of uninhabited and inhabited islands for the development of resorts, hotels, marina and integrated tourism projects have been passed with 57 parliamentary votes. As per the new amended bill, the rent proposed for the development of resorts, hotels, marina and integrated tourism projects in uninhabited islands are as follows: As per […]
There has been a spike in the number of fake payment slips used to buy goods and services in Male’ stores, the police have warned. After purchasing the goods, the payment transfer slips are edited and forged before being sent to the Viber numbers of the shops. The police have urged caution and vigilance in […]
Malahini Kuda Bandos has appointed Easa Mohamed as its first General Manager. Easa joined Malahini Kuda Bandos team on 1st August 2016 as their Rooms Division Manager after parting ways with Sheraton Full Moon Resort & Spa. Easa was later promoted as the resort’s first Resident Manager on 14th September 2017 where he has led […]
Al Shaali Marine Maldives has been confirmed as the main sponsor of the Marine Expo Virtual Edition this year. The Marine Expo is an event for marine-related businesses to exhibit their products and services. This year, the event will be held virtually from the 20th to 22nd of this month. While Al Shaali has been […]
As the Maldives moves forward in welcoming guests from around the world, after nearly 9 months, guesthouses and hotels in the Greater Male’ area will also be allowed to reopen from 14th December 2020. The news was revealed by the Minister of Tourism Abdulla Mausoom via a tweet. However, tourists will be required to do […]