A digest of news and opinion from the Maldives.
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 […]
The Ministry of Tourism has stated that there are 306 tourist facilities currently open and operating in the Maldives, up until 4th November. According to statistics from the Ministry, this figure includes 120 resorts, 65 guesthouses and 121 safaris. This is a total of 32,622 beds. The Ministry stated that there are an additional 9 […]
Housing Development Corporation (HDC) is seeking interest parties for the development and operation of a Cold Storage Facility in Hulhumalé. The selected party will be responsible for the design, construction and management of the property for the duration of the lease term. The property will span over a plot area of 5,381.91 square feet. HDC […]
The President of Maldives, Ibrahim Mohamed Solih, has now approved a plan proposed by the Ministry of Environment and Energy to phase out single-use plastic in the Maldives by 2023. Prior to its approval by the President yesterday, the plan was also endorsed by the cabinet. No details of the plan have been revealed yet. […]
Bank of Maldives (BML) has announced no-mortgage ‘Green Loans’ for personal and business customers wanting to invest in green technology. BML stated that eligible personal banking customers can borrow from MVR 50,000 up to MVR 500,000 without any additional security at 12% interest. Customers can choose up to a 5-year period for repayment. The Green […]
Fitch Ratings Inc., an American credit rating agency, has now downgraded Maldives’ long-term foreign-currency Issuer Default Rating (IDR) from ‘B’ to ‘CCC’. According to Fitch, “the downgrade of the Maldives’ IDRs to ‘CCC’ reflects Fitch’s expectation of deeper and more prolonged external liquidity pressures than previously forecast, and a sharp increase in the country’s debt […]
The Indian High Commissioner to the Maldives, Mr Sunjay Sudhir has given his insight into the development projects currently underway in the Maldives. In an exclusive interview with MV+, Mr Sudhir briefly spoke about the ongoing projects in the Maldives that the Indian High Commission was assisting with. When asked, he explained that there was […]
Fuloaku Tales, local creator of children’s storybooks, has unveiled their newest book called “Idhikolhu Dhaskuramaa”. “Idhikolhu Dhaskuramaa” is a board book that teaches children the concept of “opposites”. The opposing concepts explored in the book presents a rich fact or a statement of humour and irony. Each page features a fun, colourful illustration and an […]