A digest of news and opinion from the Maldives.
Travel Trade Maldives has relaunched “TTM Connect” as an online travel trade portal with over 500 industry partners which will help them to connect and network online. “TTM Connect” has been built on the latest technology with an online event lobby for attendees, exhibitor booths with profiles, pre-schedule and conduct B2B video meetings, streaming live […]
Ministry of Finance reveals that the Government has utilized MVR 829.7 million for loan repayments. Statistics of the Ministry show that the Government earned almost MVR 11.8 billion till mid-October. It further indicates MVR 21.9 of the earnings were utilized. In 2019, the Government resourced MVR 1 billion within the same period for loan repayments. […]
The latest monthly statistics released by Maldives Customs reveal that in October, imports decreased by a whopping 51% compared to the previous month. The most major importing category was food items (excluding tobacco, alcohol and pork) which accounted for 348 million. Machinery, mechanical and electrical equipment made up 398 million, while fuel accounted for 314 […]
The Ministry of Tourism has extended an invitation for interested investors to bid to develop a tourist hotel in Haa Alifu Kelaa. The announcement published on gazette requests for eligible investors, local and foreign alike to submit their interest to develop a plot of 864,414 Square Feet of land and allocated lagoon area as a […]
On Sunday, Maldives Water and Sewerage Company (MWSC) was contracted by the government to establish about MVR 1.5 billion worth of water and sewerage systems across the Maldives. In a ceremony held at Dhivehi Raajjeyge Adu, Director General of the Ministry of National Planning, Housing and Infrastructure, Fathimath Shana Farooq signed on behalf of the […]
Lily Beach Resort & Spa has introduced an exclusive deal as part of the resort’s winter promotion for this year. The award winning all-inclusive resort extends a worthy escape for its guest this winter with an exclusive Secret Deal offer with up to 40% off on its Platinum Plan. Located on a private island of […]
Governor of Maldives Monetary Authority, Ali Hashim has warned that borrowing foreign funds to finance development projects could negatively impact the exchange rate. Speaking at a Parliamentary Committee hearing for the 2021 state budget, the Governor cautioned against initiating development projects without guaranteeing a funding source to acquire the necessary foreign currency. He expressed his […]
Tourism Minister, Dr Abdulla Mausoom will be attending and speaking at the TTM Travel Summit 2020. Other distinguished speakers at the event include Secretary General of MATI Ahmed Nazeer, Indian High Commissioner to the Maldives Mr Sunjay Sudhir, and Managing Director of MMPRC Thoyyib Mohamed. The summit will also be joined by a number of […]
Maldives Industrial Fisheries Company (MIFCO) has revealed that the company is preparing to launch two new products to the market. MIFCO intends to launch the two new products—processed canned valhomas within 2 months period and dried coconut husk in the upcoming week. The organic, chemical-free coconut husk product is specially aimed for the agricultural sector […]