Dusit Hotels and Resorts to Open All-Inclusive Resort in Maldives’ by Year-End
Thailand-based Dusit Hotels and Resorts has announced a new venture in the Maldives, signing an agreement with Pearl Atoll Pvt Ltd to manage the dusitD2 Feydhoo Maldives – an all-inclusive lifestyle resort set to open its doors in the fourth quarter of 2024.
Located on a private island near the capital of Malé City,...
Workshops, New Ferry Terminal Planned for Industrial Village
Male City Mayor Adam Azim has announced plans for a significant overhaul of the Industrial Village, including the introduction of workshops, a new ferry terminal, and parking facilities. The overhaul aims to address longstanding issues of congestion and parking in the capital.
During an interview on SSTV, Mayor Azim highlighted the longstanding neglect of...
MMA Data Reveals Maldives’ Two-Month Import Cover
According to the latest data from the Maldives Monetary Authority (MMA), the country's total reserves amount to USD 542 million as of March, providing around two months' worth of import cover.
While the MMA ceased publicly disclosing usable reserves in 2022, the Maldives are estimated to currently maintain approximately USD 161 million (MVR 2.4...
Hassan Zareer Approved as Commissioner General of Taxation
On Tuesday, the Parliament's Committee on Economic Affairs granted approval for the appointment of former Deputy Commissioner General of Taxation, Hassan Zareer, to the position of Commissioner General of Taxation.
The vacancy arose following the resignation of the previous commissioner, Fathuhulla Jameel, who stepped down from his role to participate in the recent parliamentary...
Six Plots in Maafushi Fetch MVR 24.6 Million
Six land plots from the recently reclaimed area in Maafushi have been sold for a whopping MVR 24.6 million (approximately USD 1.6 million). Maafushi, renowned for its vibrant guesthouse businesses, witnessed a flurry of bids during the auction process initiated by the island council in March.
Hassan Solah, the President of the Maafushi Island...
Maldives Tourism Will Generate USD 6 Billion per Annum by 2027: Minister
Minister of Tourism Ibrahim Faisal has said that the Maldives tourism sector will generate an annual revenue of USD 6 billion by 2027 - the end of the current presidential term.
Addressing attendees at the Arabian Travel Market (ATM) 2024 in Dubai, United Arab Emirates (UAE), Minister Faisal outlined the government's tourism master...
Over 6000 Local SMEs Assisted Since 2017: BCC
The Business Center Corporation (BCC) has announced that its advisory services have positively impacted over 6,000 small and medium-sized businesses (SMEs) in Maldives over the past seven years.
Established in 2017 under a special presidential decree, the BCC has been active in empowering local entrepreneurs and fostering economic growth.
Projects implemented...
Fish Factory Project Shifts from Maadheli to Nilandhoo
The Maldives Ministry of Fisheries has revealed that plans for a fish factory originally slated for Maadheli have been redirected to Nilandhoo.
The Ministry of Fisheries took to social media yesterday to confirm the relocation, stating that a senior delegation from the ministry had engaged in discussions with the Nilandhoo island council to...
Trans Maldivian Airways, the First Airline in Asia Endorsed by De Havilland Canada
Trans Maldivian Airways (TMA), renowned as the World's Largest Seaplane Operator, has received an endorsement certificate from De Havilland Canada. The endorsement acknowledges TMA's Maintenance, Repair, and Overhaul (MRO) facility as a DHC-endorsed Service Center.
De Havilland CEO Brian Chafe presented the esteemed certification to Trans Maldivian Airways CEO Mr A.U.M Fawzy at a...
Maldives Fish Exports Plummet by Nearly 44% in 1Q2024
Fish exports from the Maldives encountered a notable setback in the initial quarter of 2024, as indicated by data released by the Maldives Monetary Authority (MMA).
According to the latest statistics from MMA, fish exports in the first quarter of 2024 amounted to USD 28.4 million, marking a significant decline of 43.9% compared to...
Maldivian Announces Additional Flights to Trivandrum, Cochin
In preparation for the upcoming school holiday season, Maldivian, the national carrier of the Maldives, has announced an expansion of its flight services to Trivandrum and Cochin, two popular destinations in India.
In response to the anticipated increase in travel demand, Maldivian has introduced additional flights to Trivandrum on May 6th, 10th, and 20th.
Maldives Sweeps Four Categories of World Travel Awards at ATM2024
The Maldives has clinched four prestigious awards at the World Travel Awards, held within the Arabian Travel Market (ATM) 2024 at the Dubai World Trade Center. The Maldives Marketing & Public Relations Corporation (MMPRC/Visit Maldives) proudly announced that the Maldives won four categories within the Indian Ocean segment.
They are:
-...
Indian Tourist Arrivals in Maldives Declines by 42%
According to data released by the Ministry of Tourism, tourist arrivals from India has plummeted by 42% in the past four months.
At the onset of the year, India held the top spot among Maldives's tourist-sending nations. However, recent months have seen India slide to sixth place in the rankings.
Parliament Debates Pre-Approved Tourist Visas
Yesterday, a resolution to implement pre-approved visas upon arrival and offer electronic authorisation services for tourists was put forth in the Maldives Parliament. The motion, brought forward by Mahchangoalhi South MP Ahmed Haitham, proposes a free 30-day visa for tourists upon application.
Presently, tourists obtain visas upon arrival in the Maldives, a process often...
Maldivian’s New ATR Aircraft to Arrive on Wednesday
Maldivian Aero, the flag carrier of the Maldives, has confirmed the upcoming arrival of its latest addition to its fleet, an ATR aircraft, scheduled to land in the country this Wednesday.
This marks the first of two ATRs set to join Maldivian’s fleet, constituting the fourth addition of this model to the airline’s roster. According...
Popular French Hotel Brand Baccarat Announces Plans to Open Resort in Maldives
The renowned European brand Baccarat has revealed plans to establish a resort in the Maldives. The proposed resort will be situated within a reclaimed lagoon in the Male' atoll.
The Baccarat resort, covering approximately 100 hectares of land, plans to feature over 100 luxury villas, reflecting the brand's reputation for elegance and sophistication. With...
Kaani Hotels Claims 2.2% of Maldives Tourist Arrivals for 2024
Kaani Hotels, a prominent guesthouse operator in the Maldives, has recently announced its claim of 2.2% of the total tourist arrivals into the country over the past four months. According to data provided by the company, they have accommodated 16,900 tourists during this period, contributing to a total income of USD 4.1 million (MVR 64 million).
Tourist Arrivals in May Increased by 12.3%
The Ministry of Tourism has disclosed that tourist arrivals in the Maldives have surged to over 794,000 as of May 4th, 2024, marking a notable increase of 12.3% compared to last year, during which arrivals stood at just over 707,000.
The Maldives has witnessed a steady influx of tourists, nearing the 800,000 mark in...
Inflation Rate Dips to -0.2% in March 2024: MMA
The Maldives Monetary Authority (MMA) has reported that the rate of inflation, measured by the annual percentage change in the national Consumer Price Index (CPI), decreased to -0.2% in March 2024.
This follows a positive 1.1% recorded in the previous month.
MMA disclosed this alteration in the inflation rate in its...
MWSC Records USD5 Million Net Profit in 1Q2024
Male' Water and Sewerage Company Private Limited (MWSC) has reported a significant increase in first-quarter profits this year compared to last year, with net profits rising from USD 2.3 million to USD 5 million.
Despite a slight decrease in revenue compared to last year's and this year's first quarters, MWSC has maintained its profitability....
Economic Ministry, USPTO Trademark Bill Seminar to Conclude Today
A two-day seminar on the Trademark Bill, jointly organised by the Ministry of Economic Development and Trade, the Maldives Customs Service, and the United States Patent and Trademark Office (USPTO), will conclude today.
Representatives from various sectors, including the Economic Ministry, Maldives Customs Service, Attorney General's Office, Prosecutor General's Office, Ministry of Youth, Maldives...
Tourist Arrivals Surge by 11.9% in March Compared to Last Year
Tourism in the Maldives is on the rise as recent statistics from the Ministry of Tourism reveal a significant increase in tourist arrivals for the month of March. Compared to the same period last year, arrivals have surged by 11.9%, marking a promising trend for the industry.
In raw numbers, March 2024 welcomed 194,227...
Technical Glitches Prompt Cancellation of Vinares Apartment Applications
The Government of Maldives has announced the cancellation of all applications submitted for the purchase of Vinares apartments through the dedicated online portal.
This decision follows complaints of technical difficulties encountered during the application process, which rendered many individuals unable to successfully submit their applications.
Vinares apartments were put...
Creative Arts & Design Talents Unveiled at Villa College’s SPECTRUM 2024
Villa College has announced the unveiling of talents showcased by students from the Certificate 4 in Creative Arts & Design programme at SPECTRUM 2024.
This annual exhibition, a beacon of artistic expression, provided a platform for students to display the culmination of their learnings and boundless creativity, offering a glimpse into the future of...
LATEST ARTICLES
Dusit Hotels and Resorts to Open All-Inclusive Resort in Maldives’ by Year-End
Thailand-based Dusit Hotels and Resorts has announced a new venture in the Maldives, signing an agreement with Pearl Atoll Pvt Ltd to...
Workshops, New Ferry Terminal Planned for Industrial Village
Male City Mayor Adam Azim has announced plans for a significant overhaul of the Industrial Village, including the introduction of workshops, a...
MMA Data Reveals Maldives’ Two-Month Import Cover
According to the latest data from the Maldives Monetary Authority (MMA), the country's total reserves amount to USD 542 million as of...
Hassan Zareer Approved as Commissioner General of Taxation
On Tuesday, the Parliament's Committee on Economic Affairs granted approval for the appointment of former Deputy Commissioner General of Taxation, Hassan Zareer,...
Six Plots in Maafushi Fetch MVR 24.6 Million
Six land plots from the recently reclaimed area in Maafushi have been sold for a whopping MVR 24.6 million (approximately USD 1.6...
