The MDV economy is highly dollarized. The Financial sector small and dominated by banks with an estimated total asset base of MVR 56 billion. Last three years our usable reserve averaged USD 235 Million. Along with huge current account deficits and subsequent budget deficits over the years, one has to recognize that there are limited […]
The Committee Investigating Public Housing Schemes has invited the public to submit complaints disputing the points allocated to any person on the temporary lists of flat applicants, through the Committee’s dedicated complaints portal. The Committee announced this via a statement published in the Government Gazette today, regarding the complaints portal for the temporary list of […]
Maldives Immigration has made certain guidelines to provide ease for expatriates struggling to depart from the Maldives. In July, Maldives immigration has announced that it will make guidelines to provide travelling convenience for expatriates with visa and employment approval, who wish to depart from the Maldives upon reopening of the border on July 15. According […]
Bright Minds Online is an online tuition class for the grades 9 to 12. As the first Maldivian company to offer online and on-time tuition, the team at Bright Minds believe that students need to be taught in a manner that encourages curiosity and a love for learning. The biggest concern for most people with […]
Dhiraagu, in partnership with TM Research & Development (TM R&D), the innovation arm of Telekom Malaysia Berhad (TM), has introduced their Artificial Intelligence-Powered Thermal Mass Screening Solution called Early Warning, Alert & Response (EWAR) to businesses in the Maldives. Covid-19 pandemic has presented new health and safety concerns for businesses across all industries. In order […]
Last four to five months have been quite a challenging period for us in the hospitality industry. Almost all the resorts and hotels were closed due to COVID19. This was something we were never ready and did not anticipate striking us in this form. Five months passed, and 71 resorts have re-opened with stringent hygiene […]
Research by the Ministry of Economic Development and the United Nations Development Program (UNDP) shows that 68% of the people’s income has been halted due to the ongoing COVID-19 pandemic. The research shows that several families and individuals have been severely impacted by the outbreak of the novel virus along with the different sectors of […]
A ceremony to mark the inauguration of the Hulhumalé Central Park and Eastside Arrival Jetty Renovation projects, under the Indian Grant Assistance of 106 million Rufiyaa was held today in a virtual ceremony. The ceremony was attended by the Minister of Foreign Affairs His Excellency Abdulla Shahid, the High Commissioner of India to the Maldives […]
Social housing dilemma has been a serious argument lately. Simply put, the issue is related to the distribution of housing units to righteous people. Governments campaigned housing scheme as their pivotal focus and several times they have almost reached a point of distribution; and yet, it never came to fruition. The public in numerous occasions […]