A digest of news and opinion from the Maldives.
WHEN I first sat down with my fiance to map out our honeymoon plans, there was one location that she just couldn’t let go of: The Maldives. “Oh sh*t,” I thought. Not because I didn’t want to go, but all I’d ever heard apart from it being pure paradise, was that it was extremely expensive. […]
Ambassador facing travel restrictions New Delhi appears to be weighing diplomatic options after Male reportedly placed restrictions on the movement of the Indian Ambassador to the Maldives. Asked to comment on reports that travel restrictions had been imposed on the Indian High Commissioner, spokesperson of the Ministry of External Affairs Raveesh Kumar said, “I don’t think […]
Last week, Maldives rushed through the much-criticised Free Trade Agreement with China in the Parliament, a move which is being perceived in New Delhi as Male cosying up to Beijing. This is also Maldives’s first FTA with any country. Now that the agreement has been signed between China and Maldives, India on Thursday said it expected […]
Prime Minister of Malaysia, His Excellency Dato’ Sri Mohd Najib Bin Tun Abdul Razak and First Lady Madam Datin Paduka Seri Rosmah Mansor, have concluded their official visit to the Maldives. The Malaysian Prime Minister and First Lady were seen off at the Velana International Airport by Minister of Foreign Affairs Dr Mohamed Asim, Minister […]
Snowbirds and bon vivants rejoice! The Grand Park Kodhipparu in the glistening South Asian archipelago of the Maldives has opened its doors this month—just in time for you to book your much-needed winter getaway. The nature-centric resort features 120 luxury villas and overwater bungalows brought to life by renowned hospitality interior design firm Hirsch Bedner […]
While some of the techno gadgets such as Smartphones, Go Pro, Drones diffusion in the Maldives market is extremely fast, it takes longer to absorb economic and technical advances which are non-tangible. According to NPR, if you had bought $1000 worth of Bitcoin in 2010, that investment would be worth $20 million today. That is […]
Profit earned by banks in the Maldives increased by 14% during the third quarter of 2017. According to Maldives Monetary Authority (MMA), by the end of last quarter, a 14% increase in bank profits was recorded. The main reasons cited by the central bank are pending repayments collected for loans and growth in overall income […]
Justly famous for its idyllic palm-fringed resorts in the middle of the vast Indian Ocean, the Maldives is now eager to add to its persona by becoming the Dubai of the South Asian region – an ideal place for entrepreneurs from the region and beyond to network and strike deals in a uniquely pleasant and […]
The Commercial Bank of Maldives (CBM), a subsidiary of the Commercial Bank of Ceylon PLC, recently opened its second branch in the Maldives, a little over a year since it commenced operations in the archipelago. The new branch is located in Hulhumalé, the reclaimed island that is connected by road to the airport island of […]