A digest of news and opinion from the Maldives.
Recently, Maldives’ long-term foreign-currency Issuer Default Rating (IDR) was downgraded by Fitch Ratings from ‘B’ to ‘CCC’. This downgrade comes after a previous downgrade in March, from an IDR of ‘B+’ to ‘B’. The downgrade caused disagreement from the Ministry of Finance, and also sparked a heated debate between Members of Parliament on Twitter. Fitch […]
The Government of Maldives has decided to issue a license to a new telecom operator or company, revealed Minister of Finance Ibrahim Ameer. According to the Minister, six new avenues to earn government revenue have been included in the proposed budget for 2021, which are expected to add to the revenue figure by MVR 1.22 […]
It’s time to #VisitMaldivesNow. Head over to the Maldives and earn points for each border crossing. On December 2020, Maldives will launch its own loyalty program — a first for a country. “Maldives Border Miles” program is the first of its kind loyalty program developed in the entire world for tourists. This program is a […]
In the line-up of any hospitality team, Butlers play a significant role. As the conduit between the guests and the rest of the teams and the management itself, this translates to a huge responsibility. A responsibility that demands a unique set of skills and abilities on the part of a Butler. The following are some […]
The Ministry of Tourism has announced that ‘Mystery Guests’ will be travelling to various tourist facilities across the country, on behalf of the Ministry of Tourism. The guests will be inspecting compliance with the regulations set forth by the Health Protection Agency (HPA) and the Tourism Ministry. In a statement released by the Ministry, it […]
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 […]