A digest of news and opinion from the Maldives.
Housing Development Corporation (Lessor) is seeking interested parties for the development and operation of a ‘Fitness and Wellness Center’ in Hulhumalé. The selected party (Lesse) will be responsible for the design, construction and management of the property for the duration of the lease term. HDC has identified that there is a high demand for fitness […]
Arranging accommodation in the Maldives has never been easier, and with Villa Travels, you can conveniently book your next stay at any Villa Hotel. The Villa collection of resorts in the Maldives range from the 3-star, family-friendly Fun Island Resort & Spa to the romantic, 5-star Paradise Island Resort & Spa. The collection also boasts […]
Local island tourism is back at Thulusdhoo! The island has welcomed the very first guests since the reopening. The Minister of Tourism Dr. Abdulla Mausoom and Canopus Retreat Thulusdhoo owners joined the reopening ceremony held at Thulusdhoo on 7th November 2020. Over 20 guesthouses in Thulusdhoo worked alongside the island council, the health centre and […]
Amidst the ongoing challenges faced by businesses due to COVID-19, Bank of Maldives (BML) has announced positive changes to the Retailers’ Loan targeted to help businesses meet daily needs or fund expansions. The Retailers’ Loan is available for businesses as a loan or an overdraft, with financing up to three times the value of the […]
The Government of Maldives has made the decision to scrap the ‘remittance tax’ applicable on money transferred out of the country by foreign expatriate workers. Sharuvash Adam, Chief Financial and Budgeting Executive of the Ministry of Finance, stated the decision was made due to a decrease in financial transactions taking place through local banks in […]
In a tweet yesterday, Member of Parliament for Maradhoo Constituency of Addu City, Ibrahim Shareef claimed that the Fitch rating of Maldives dropped due to a recent decree passed by the Parliament. On 5th November, Fitch Ratings Inc., an American credit rating agency, downgraded Maldives’ long-term foreign-currency Issuer Default Rating (IDR) from ‘B’ to ‘CCC’. […]
Housing Development Corporation (HDC) is seeking interest parties for the development and operation of Building for Clinics in Hulhumalé. The selected party will be responsible for the design, construction and management of the property for the duration of the lease term. Hulhumalé has seen its population grow steadily and with it the need for independent […]
By the year’s end, an additional 11 airlines will be operating in the Maldives, says the Ministry of Tourism. According to the latest information released by the Ministry, after the border closure and reopening in relation to the COVID-19 pandemic, Maldives now has 15 airlines operating flights to the country. Within November and December, Maldives […]
Fuel Supply Maldives (FSM) has announced two new operation updates to their petrol shed, Easyfill 1 located near Stelco. According to FSM, only 4-wheeler vehicles will be allowed at the Easy-fill 1 shed between 8 am to 8 pm. Meanwhile, both 4-wheelers and 2-wheelers will be allowed from 8 pm to 10:30 pm. These changes […]