Maldives, Qatar Seek Deeper Cooperation as Foreign Minister Zameer Visits Doha
Maldives Foreign Minister Moosa Zameer embarked on a landmark visit to Qatar on Saturday, marking his first official trip since the inauguration of President Dr Mohamed Muizzu's administration. The visit, scheduled to conclude on Monday, aims to bolster bilateral relations and explore new avenues for cooperation between the two nations.
During his stay in Doha, Minister Zameer is expected...
MVR 797 Million Collected in Outstanding Payments: MIRA
The Maldives Inland Revenue Authority (MIRA) has successfully recovered MVR 797 million in outstanding payments during the first quarter of this year.
The quarterly financial report released by MIRA highlights the collected amount encompasses various sources, including dunning processes, dues clearance, bank account freezing policies, and proactive reminders.
Breakdown of the...
MATI Backs EPA’s Decision to Halt Coastal Development Projects
In a united front against the mounting threat of coral bleaching, the Maldives Association of Tourism Industry (MATI) has thrown its full support behind the Environmental Protection Agency's (EPA) recent call to halt dredging and other coastal developmental activities.
The EPA's announcement last Thursday announced that all major coastal development projects and activities will...
Asia Pacific Blue Economy Forum to Address Sustainable Coastal Development
The Ministry of Economic Development, in partnership with the United Nations Development Programme (UNDP), is set to co-host the Asia Pacific Blue Economy Forum. Scheduled for 13-14th May, the forum aims to delve into the planning and execution of a new economic paradigm centered around coastal sustainability. Co-hosted by the Maldives, the event sees collaboration from the...
Bangladesh High Commission Hosts Independence and National Day 2024 Reception
The High Commission of Bangladesh to the Maldives hosted a reception on Thursday at the JEN hotel in Male' City to mark Bangladesh's Independence and National Day. Local Maldivian dignitaries and members of the diplomatic corps attended.
The Minister of Homeland Security and Information Technology, Ali Ihusaan, was the Guest of Honour.
STO Smart Store Goes 24/7 in Hulhumale’
The State Trading Organisation's (STO) Smart Store, located in Hulhumale' Phase One, has rolled out round-the-clock services.
Previously operating until 22:00 hrs daily, the Smart Store's transition to a 24-hour service model comes after meticulous planning. An STO official disclosed that while the Smart Store was initially designed to offer 24/7 services, the implementation...
MMPRC: Maldives Committed to Sustainable Luxury Tourism
The Maldives Marketing and Public Relations Corporation (MMPRC) held a successful ‘Maldives Media Meet’ press conference at the Arabian Travel Market (ATM) 2024 in Dubai, where key stakeholders in the Maldivian tourism industry emphasised their commitment to sustainable luxury tourism.
The event, attended by over 50 international media professionals, saw several notable speakers address the gathering, including...
Maldives Records 3.7% Revenue Hike, Collects MVR 11 Billion.
The Maldivian government has reported a significant surge in revenue, surpassing MVR 11 billion for the current fiscal year. The Ministry of Finance disclosed that the revenue hike is 3.7% more compared to last year.
According to the latest fiscal report released by the Ministry of Finance, revenue collected reached MVR 11.1 billion...
Special Promotion on Allied Child Education Takaful Plan Launched
A special promotion has been unveiled by the Islamic branch of Allied Insurance, marking the occasion of International Children's Day. This promotion aims to facilitate families in securing their children's future through the Child Education Takaful plan.
The promotion offers an enticing incentive for early sign-ups, with the first 50 customers receiving a...
Ooredoo Maldives Celebrates Children’s Day with ‘Ufaa Festival’
Ooredoo Maldives, in collaboration with the Ministry of Social and Family Development and Housing Development Corporation (HDC), is hosting a two-day celebration in honour of Children’s Day.
Named the “Ufaa Festival,” the event will take place at Hulhumale’ Central Park on the 10th and 11th of May, with sessions scheduled from 4 pm to...
HDC Announces Bidding Launch for Hulhumale’ Phase II Plots
The government unveiled the commencement of bidding for land within Hulhumale’ Phase II on Thursday, exclusively for Maldivians.
The Housing Development Corporation (HDC) disclosed that 13 plots located along the second phase beachfront are now accessible for bids, with each plot spanning between 1,864 to 2,408 square feet.
The bidding...
Authentic Maldives Products Showcased in America
Business Center Corporation (BCC) has showcased locally made products from Maldives via the boutique collection 'Authentic Maldives' in Washington, D.C., USA at the World Bank Headquarters, where six products from Authentic Maldives are on display.
Ibrahim Ziyau, the Managing Director of BCC, expressed pride in the role of BCC in creating opportunities for...
World Bank Advises Maldives’ Make Urgent Fiscal Reforms
The Maldives is confronted with escalating debt, even as the World Bank forecasts a modest 4.7% economic growth for the nation this year. The World Bank underscores the urgent need for reforms to bolster Maldives' economic resilience and mitigate financial risks.
Highlighting the economic challenges ahead, the World Bank report paints a bleak picture...
STO’s April Distribution: 71,000+ Units of Staple Foods Delivered Nationwide
State Trading Organization (STO) has reported a significant distribution of staple foods throughout April 2024, with over 71,000 units delivered nationwide.
The state-owned enterprise, renowned as the foremost importer and distributor of staple foods, revealed the following quantities supplied during the period:
Rice: 32,710 bags
Flour:...
DTH Travel Maldives Named Best DMC in Indian Ocean Region
DTH Travel Maldives has clinched the esteemed title of "Indian Ocean's Leading Destination Management Company" at the prestigious 2024 World Travel Awards. The ceremony, held under the Indian Ocean Category, unfolded at the Dubai World Trade Centre during the Arabian Travel Market (ATM) 2024.
Suranjith De Fonseka, Managing Director of DTH Travel Sri Lanka...
Dhiraagu Teams Up with Hotel Asia 2024 as Digital Partner
Dhiraagu has signed as the Digital Partner for the Hotel Asia 2024 Exhibition and International Culinary Challenge.
This is the 18th edition of Hotel Asia, the premier food and hospitality trade show in the Maldives. This year, the exhibition component will take place from 13-15 May 2024 at Dharubaaruge and Usfasgandu while the international...
MFMC Inks Deal for 16-Island Project with Atoll Works
Maldives Fund Management Corporation (MFMC) officially signed an agreement with Atoll Works Private Limited today. The agreement contracts the company for dredging, reclamation, and shore protection of 16 islands within the K. Gaafaru lagoon under the Gaafaru Integrated Tourism Development Project.
As outlined by MFMC, 14 of the designated islands are slated for individual private island...
Ministry Signs Deal with Chinese Contractor for 1,000 Housing Units in Eydhafushi
The Ministry of Construction and Infrastructure announced that it has awarded a contract to a Chinese company for the development of 1,000 housing units in Baa Atoll Eydhafushi.
Dr. Abdulla Muththalib, the Minister of Construction, signed the agreement yesterday on behalf of the government, while Pan Guanzhou, the Country Manager of Sinohydrop Corporation Limited...
Maldivian Aero Welcomes Fourth ATR Aircraft
Maldivian, the national carrier of the Maldives, announced yesterday the arrival of its newest addition to the fleet, a fourth Avions de Transport Régional (ATR) 42-600 aircraft.
The aircraft, a French-Italian model, touched down at Velana International Airport at approximately 5:10 p.m. local time. Piloted by Captains Mohamed Mubah and Ali Yanish, along with...
RACL Unveils Runway Expansion Plans for Several Domestic Airports
Regional Airports Company Limited (RACL) has announced plans for significant expansions across several domestic airports, with 80% of the runways set to undergo expansion.
According to RACL's Chairman Ahmed Nasif, who discussed the matter on a SanguTV programme, these expansions will see runways extended between 1,500 and 1,800 meters.
Nasif highlighted...
Growth Observed in Major Economic Industries During 1Q2024
All major sectors of the economy demonstrated growth in the first quarter of this year, according to the quarterly business survey report released by the Monetary Authority of Maldives (MMA).
The report, released every three months, is prepared through interviews and data aggregation from prominent players in four pivotal economic domains: tourism, construction, transportation...
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...
LATEST ARTICLES
Maldives, Qatar Seek Deeper Cooperation as Foreign Minister Zameer Visits Doha
Maldives Foreign Minister Moosa Zameer embarked on a landmark visit to Qatar on Saturday, marking his first official trip since the inauguration of...
MVR 797 Million Collected in Outstanding Payments: MIRA
The Maldives Inland Revenue Authority (MIRA) has successfully recovered MVR 797 million in outstanding payments during the first quarter of this year.
MATI Backs EPA’s Decision to Halt Coastal Development Projects
In a united front against the mounting threat of coral bleaching, the Maldives Association of Tourism Industry (MATI) has thrown its full...
Asia Pacific Blue Economy Forum to Address Sustainable Coastal Development
The Ministry of Economic Development, in partnership with the United Nations Development Programme (UNDP), is set to co-host the Asia Pacific Blue...
Bangladesh High Commission Hosts Independence and National Day 2024 Reception
The High Commission of Bangladesh to the Maldives hosted a reception on Thursday at the JEN hotel in Male' City to mark...
