Simdi Ramadan Promotion 2024 Week 4 Lucky Draw Winners Announced
SIMDI Group has unveiled the winners of the 4th Week of the company’s Ramadan Promotion 2024 Lucky Draw.
SIMDI reveals the draw was held at the SIMDI Head office on 07th of April 2024 and the prizes were handed over to the winners today at SIMDI Recrea Hulhumale’ Showroom.
The lucky...
China Remains Dominant Force in Maldives Tourism
China has solidified its position as the leading source of tourists for the Maldives, according to the latest statistics released by the Ministry of Tourism. With 70,394 Chinese tourists visiting so far this year, China maintains its significant 11% market share. This continued dominance reflects a return to pre-pandemic trends, where China consistently held the top spot.
Gov’t Eases Restrictions on Sand Mining Near Protected Areas
The government has faced criticism after amending regulations to potentially allow sand mining near environmentally sensitive zones. The Ministry of Climate Change, Environment, and Energy has revised regulations that previously prohibited sand mining operations within or near protected areas.
The changes, gazetted on Saturday, modify the 2013 regulations on land reclamation and dredging. The...
STELCO Launches “Eid Ali” Initiative to Illuminate Maldives for Fitr-Eid
State Electric Company Limited (STELCO) has unveiled “Eid Ali” (Shining Eid) – an initiative to illuminate islands across the Maldives with festive lights in celebration of Fitr-Eid.
Hussain Fahmy, Managing Director of STELCO, emphasised the significance of this initiative, describing it as a pivotal religious and national undertaking.
He underscored President Muizzu’s commitment...
Cosmopolitan Maldives Introduces Hardys ZERO Alcohol-Free Wines
Cosmopolitan Maldives, a leading supplier of specially curated food and beverage products in the Maldives, has expanded its offerings to include a selection of alcohol-free wines from the acclaimed Hardys winemaking brand from Australia. The company is introducing Hardys ZERO Shiraz, Hardys ZERO Chardonnay, and Hardys Zero Alcohol Sparkling to the Maldives, providing consumers with a variety...
Villa College and Pulse Hotels and Resorts Forge Educational Partnership
Villa College has strengthened its position in the hospitality education sector by signing a Memorandum of Understanding (MoU) with Pulse Hotels and Resorts on April 7th. The collaboration aims to bolster educational initiatives and enhance professional development within the Maldives' hospitality industry.
Under the MoU, Pulse Hotels and Resorts will actively support Villa College's...
SJ Constructions Opens Bookings for “SJ Nove Residence”
SJ Constructions has announced the opening of bookings for their project, the "SJ Nove Residence," a condominium development situated in Hulhumale’ Phase One.
With a track record of constructing five hundred high-rise apartments and social housing, SJ Constructions aims to cater to various preferences with three categories of apartments: typical, deluxe, and penthouses. Prices...
Maldivian Expands Domestic Network with New Southern Route
Maldivian, the national airline of the Maldives, is set to bolster connectivity in the southern atolls with a new domestic route linking Gan International Airport (GAN) in Seenu Atoll and Kooddoo Airport (GKK) in Huvadhoo Atoll. Scheduled to commence on 29th October 2024, the service will operate twice weekly.
This expansion is part of...
The Double Helix of AI: Promise and Peril in a Data-Driven Future
Artificial intelligence (AI), once the stuff of science fiction, is now firmly integrated into everyday life. From the algorithms tailoring our social media feeds to the facial recognition software unlocking our phones, AI promises a future overflowing with innovation. Leaders in the field see AI as a tool to tackle climate change, revolutionize healthcare, and personalize education....
Government to Prioritize Medicine Quality
The announcement by Health Minister Dr Abdul Khaleel regarding a new system to prioritize medicine quality highlights a shift in regulatory priorities within the nation. Speaking on World Health Day, Minister Khaleel emphasized the importance of authentic, high-quality medications as a cornerstone of effective healthcare.
The government's initiative signals potential opportunities for pharmacies capable...
Seaplane Services Set to Expand to Thoddoo
Seaplane services are set to expand within the Maldives as Island Aviation Services Ltd (IASL) announces plans to add Thoddoo, Alif Alif Atoll, to its network. Thoddoo will become the second inhabited island to gain a seaplane link.
IASL Managing Director Ibrahim Iyas emphasized the company's commitment to a thorough assessment process prior to...
President Muizzu Targets Self-Sustaining Economy
President Dr Mohamed Muizzu has made a bold pledge to transform the Maldives' economy into a self-sustaining model during his five-year term. In an exclusive interview with local media, the president outlined a series of fiscal reforms and development initiatives aimed at reducing the island nation's reliance on external factors.
President Muizzu emphasised that...
Ooredoo Maldives Awards Gifts to Lucky Hadhiyafoshi Winners
Ooredoo Maldives has awarded several lucky winners from Hadhiyafoshi by handing out coveted prizes such as AirPods, Apple Watches, and a juicer.
True to its name, Hadhiyafoshi is brimming with gifts this year, with some of the most sought-after prizes up for grabs. Among them is the Apple Vision Pro, while other prizes include...
Report: Behind the Fluctuating US Dollar in the Maldives
The Maldivian rufiyaa has recently gained ground against the US dollar, prompting Economic Minister Mohamed Saeed to call for the release of "hidden dollars" into the market. But is this depreciation a genuine shift or a temporary lull? The complexities of the situation warrant closer examination.
Conflicting Interpretations
The black...
BML Delivers Record Profit, Proposes Unprecedented Dividend
The board of directors at the Bank of Maldives (BML) has announced plans for the largest-ever dividend distribution to shareholders following a record-breaking net profit of MVR 2 billion.
The board has proposed a dividend of MVR 50 per share, a significant increase of MVR 10 from the previous year.
Maldives Eyes Expanded Tourism Budget, Seeks New Markets
Tourism Minister Ibrahim Faisal has outlined plans to bolster the nation's tourism promotion budget in a bid to increase its global reach, the minister told state media.
Underlining the significance of marketing, the minister emphasized plans to secure higher funding for the Maldives Marketing and Public Relations Corporation (MMPRC) as part of the...
Maldivian Launches Streamlined Travel with Throughfare Service
Maldives' national airline, Maldivian, has announced the introduction of a new throughfare service. This will allow passengers to streamline their travel experience by connecting domestic routes within the Maldives archipelago to international destinations, including Dhaka, Bangalore, and Colombo.
With this initiative, travellers can conveniently book both domestic and international legs of their journey under...
MMPRC Focus on Sustainable Southern Tourism
The Maldives Marketing and Public Relations Corporation (MMPRC/ Visit Maldives) has concluded a series of preliminary meetings with tourism industry stakeholders and Addu City representatives. These discussions, held on April 4th and hosted by South Palm Maldives and Canareef Resort Maldives, mark the initial phase of preparations for the South Region Symposium scheduled for later this year.
India Boosts Essential Commodity Exports to the Maldives
The Indian government has announced a significant increase in the export quotas of essential commodities to the Maldives for the 2024-25 period. The decision, a continuation of a bilateral agreement in place for over four decades, will see the largest approved export quantities since the arrangement began in 1981.
In a statement released by...
Resort Revenue Dropped By USD 529 Million in 2023, MATI Reveals
Resort revenue plummeted by a staggering USD 529 million compared to the previous year's figures, according to a report released by the Maldives Association of Tourism Industry (MATI).
The report reveals that in 2023, resorts amassed a total revenue of USD 3.9 billion (MVR 60 billion), marking a notable decrease from the USD 4.4...
Gov’t Expands Maritime Economy with New Bunkering Project
The Maldives will begin construction on a significant new bunkering facility in Ihavandhippolhu around June, according to the Economic Minister. The project aims to expand the Maldives' economic base, currently heavily reliant on tourism, and tap into the lucrative maritime sector.
In an interview with TRT World, Economic Minister Mohamed Saeed outlined efforts to...
Swiss Developer Plans Major Resort Expansion
A Swiss-backed development company plans to reclaim eleven islands and 24 sandbanks in the Maldives' Noonu Dhigufaru lagoon as part of a major resort project. According to an environmental impact assessment (EIA) report, the development is linked to a 99-year lease on Dhekenanfaru island, secured under a cross-subsidy policy intended to finance government projects.
Zakat Collections Reach Over MVR 4.5 Million
The Maldives Zakat House has collected over MVR 4.5 million (USD 290,000) in Fitr Zakat donations during the first twenty days of Ramadan.
Fitr Zakat, an obligatory charitable contribution for Muslims during Ramadan, is one of the Five Pillars of Islam and ensures a minimum level of provision for the less fortunate members of...
Maldives Tourism ‘Robust’ Despite Shift in Source Markets, Says Minister
Economic Minister Mohamed Saeed has sought to downplay the recent decline in Indian tourist arrivals, suggesting that certain media reports have exaggerated the situation.
Speaking to Turkey-based news outlet TRT World, Minister Saeed stressed that the Maldives maintains friendly relations with both India and China amidst a shift in the island nation's ties...
LATEST ARTICLES
Simdi Ramadan Promotion 2024 Week 4 Lucky Draw Winners Announced
SIMDI Group has unveiled the winners of the 4th Week of the company’s Ramadan Promotion 2024 Lucky Draw.
SIMDI...
China Remains Dominant Force in Maldives Tourism
China has solidified its position as the leading source of tourists for the Maldives, according to the latest statistics released by the...
Gov’t Eases Restrictions on Sand Mining Near Protected Areas
The government has faced criticism after amending regulations to potentially allow sand mining near environmentally sensitive zones. The Ministry of Climate Change,...
STELCO Launches “Eid Ali” Initiative to Illuminate Maldives for Fitr-Eid
State Electric Company Limited (STELCO) has unveiled “Eid Ali” (Shining Eid) – an initiative to illuminate islands across the Maldives with festive lights in...
Cosmopolitan Maldives Introduces Hardys ZERO Alcohol-Free Wines
Cosmopolitan Maldives, a leading supplier of specially curated food and beverage products in the Maldives, has expanded its offerings to include a...
