A digest of news and opinion from the Maldives.
Cargo unloaded at Male Commercial Harbour. PHOTO/MIHAARU Official statistics show that this year’s state revenue slightly exceeded government expenditures by the end of November. According to the finance ministry, the state raked in MVR 18.2 billion as income and free aid while expenditure stood at MVR 18.01 billion. Statistics also show a surplus of MVR […]
Ongoing construction of the new building at VIA’s waterfront, to house the new range of franchise restaurants. Three groups have expressed interest to operate restaurants in Velana International Airport (VIA), following the bid opened by Maldives Airports Company Ltd (MACL) seeking franchise restaurants and cafe brands to invest in the airport. According to a MACL […]
Technology plays a vital role in Maldives consumer decision-making process. Marketers are coming up with innovative ideas and concepts to satisfy the customer demand. It is evident that staying ahead of the technology ensures survival. Omni- Channel marketing concept focuses on providing the customer a seamless service encounter to make the customer feel convenience and smoothness […]
Some senior officials of Riyan pose for a photograph Established in 1997, Riyan is one of the oldest consultancy companies in the Maldives. It boasts a success story of a small business with modest beginnings that has today flourished into one of the most prominent consultancy firms in the country. Having a look at its […]
Ongoing construction of Dharumavantha Hospital, the new 25-storey state hospital being developed in Male. Maldives Monetary Authority (MMA) revealed that US Dollar reserves dropped in the third quarter of this year after the central bank settled payments for the development of the new state hospital in capital Male. According to the central’s bank economic bulletin […]
Tourists pictured at VIA. PHOTO: NISHAN ALI/MIHAARU Maldives Association of Travel Agents and Tour Operators (MATATO) has stated that Chinese travel agents will not be permitted to operate in the Maldives under the new bilateral free trade agreement (FTA) between the Maldives and China. MATATO stated that the FTA would have a positive impact on […]
Maldives Inland Revenue Authority (MIRA) headquarters in the capital Male. PHOTO / MIHAARU The state collected MVR 910 million from the Maldives Inland Revenue Authority (MIRA) in November, statistics publicised by the Institute on Monday revealed. While the state’s tax regulatory body acquired a total of MVR 910 million in November, it had collected USD […]
Staff and guests and Bandos Island Resort during the marathon held on December 10, 2017 at the island to mark its anniversary. The first resort opened in the Maldives, Bandos Island Resort has held a marathon to mark its 45th anniversary. The marathon titled “Viva la Vida” was held on Sunday evening at the resort […]
An employee of BML pictured counting US Dollars. Following a drop in US Dollar revenue, the usable reserve of the state treasury declined to USD 179 million by the end of October. According to Maldives Monetary Authority (MMA)’s economic review, the central bank’s usable reserve stood at MVR 179.8 million by October end, which is a […]