Maldivian Airlines Expands Services with New Route to Colombo

Maldivian Airlines, the national carrier of the Maldives, has announced the launch of its service to Bandaranaike International Airport in Colombo, Sri Lanka, starting April 25th, 2024.  In a press release published today, Managing Director of Maldivian Ibrahim Iyas expressed enthusiasm for the commencement of operations to Colombo, stating, "We have eagerly awaited the...

STO to Supply 46 Elevators for Apollo’s Major Residential Project

The State Trading Organisation Company (STO) has been awarded a significant contract to supply elevators for Apollo's nine residential complexes in Hulhumale. The agreement, signed on February 28, 2024, will see STO supply and install a total of 46 elevators across the apartment complexes. The initial phase of the project will focus on the...

BML Small Grants Enable Sustainable Farming Practices in B. Kihaadhoo

The Bank of Maldives (BML) has announced the successful completion of a greenhouse and hydroponics project in B. Kihaadhoo, Maldives. The project, funded through the Bank's Small Grants Fund, was executed by the Kihaadhoo Development Society (KIDS). This initiative involved the establishment of four hydroponics systems featuring 180 slots each. This setup provides the...

China Eastern Airlines Resumes Maldives Route, Boosting Tourism

China Eastern Airlines, a major player in China’s aviation sector, has recommenced its operations in the Maldives from Kunming following the disruption caused by the COVID-19 pandemic. The airline recently reinstated its flights to the Maldives after a hiatus prompted by pandemic-related restrictions. To mark this significant development, a special ceremony was conducted at...

IASL Deputy Director Calls for Cooperation to Drive Progress in the Maldives

The Deputy Managing Director of Island Aviation Services Limited (IASL), Ali Saleem, has emphasized the crucial role of citizen-government collaboration in driving development across the Maldives. His remarks came during a gathering with residents of Funadhoo, as part of President Dr Mohamed Muizzu's visit to the Shaviyani Atoll. Saleem highlighted President Dr Muizzu's reliance...

Cosmopolitan Maldives Partners with Milky Mist for Premium Ice Cream Experience

Cosmopolitan Maldives has announced an exciting new venture, partnering with the esteemed Indian dairy producer Milky Mist Dairy Food Private Limited. This collaboration will introduce Milky Mist's acclaimed range of premium ice creams to the Maldives. Milky Mist is celebrated for its unwavering commitment to quality, infusing its ice creams with the finest ingredients...

Applications Open: Villa College Announces May 2024 Intake

Villa College has officially announced the commencement of the 2024 May intake, offering a diverse array of study opportunities across 150 courses, both online and face-to-face. Prospective students have until Saturday, April 20, 2024, to submit their applications, with courses scheduled to commence in the final week of May.  To facilitate...

Canareef Resort Embraces Solar Power

Canareef Resort Maldives is taking concrete steps towards sustainability with the installation of 720 solar panels. This initiative demonstrates the resort's dedication to reducing its environmental impact within the tourism sector. The installation process, scheduled for completion within a month, aims to generate an impressive 400KW of power. The solar panels will cover both...

VIA Introduces Smart Gate to Streamline Customs

Velana International Airport (VIA) in the Maldives has unveiled a new smart gate system to enhance its customs clearance process. The service, launched by Maldives Airports Company Limited (MACL) and the Maldives Customs Service, aims to provide faster and more efficient experiences for passengers. Previously, customs officials would manually screen luggage and affix stickers...

Public Opinion Survey Launched on Solar Energy Systems in HDh, HA Atoll

The Ministry of Climate Change, Environment, and Energy has launched public opinion surveys today on solar PV energy systems installed in HDh and HA atoll.  Solar PV energy systems were installed in a total of 4 islands under “The Accelerating Renewable Energy Integration and Sustainable Energy” (ARISE) project. They are HA. Ihavandhoo, HA. Kelaa,...

Dhiraagu Wins Ookla’s Maldives’ Fastest Mobile Network Award for Third Year

Dhiraagu has been recognised as the "Maldives' Fastest Mobile Network" for the third consecutive year in the Speedtest Awards™ by Ookla®. The award acknowledges Dhiraagu's leading performance during Q3-Q4 of 2023. The announcement was made at the Mobile World Congress 2024 in Barcelona, Spain, where Dhiraagu's CEO & Managing Director, Ismail Rasheed, accepted the...

Conflicting Reports on Stalled Hospital Projects, Kuwait Funding Status Unclear

Conflicting statements have emerged regarding the status of seven hospital construction projects in the Maldives and the role of the Kuwait Fund in their financing. President Mohamed Muizzu asserts that the previous government, under former President Ibrahim Mohamed Solih, failed to initiate work on the hospitals as agreed upon. This inaction, according to the...

Maldives Welcomes Record Number of Tourists in February

The Maldives welcomed 200,000 tourists in February, marking a new monthly high, according to the Tourism Ministry. This represents a 20% increase compared to February of the previous year, exceeding the previous record of 177,000 arrivals. In January of this year, the Maldives welcomed 192,000 visitors. An average of 7,600 tourists arrived in the...

Maldivian Trade Delegation to Visit the United States in July

A trade delegation from the Maldives is scheduled to visit the United States in July, announced Economic Minister Mohamed Saeed. The visit to the States is planned for July 10th and has been facilitated by the American government. Additionally, a Maldivian trade delegation will also visit London on May 15th. Minister Saeed explained...

MIRA Reports Strong January 2024 Revenue Figures

The Maldives Inland Revenue Authority (MIRA) released statistics for January 2024, revealing a 5.7% increase in revenue compared to January 2023. This growth is primarily attributed to a rise in Corporate Income Tax, Goods and Services Tax (GST), Bank Profit Tax, and the collection of Expatriate Quota fees. The timely submission of second...

Report Reveals Billions Needed for Climate Fight

The Maldives faces the urgent task of securing substantial funding to implement its climate adaptation strategies while also managing a significant debt burden. A new report by the World Bank highlights the magnitude of these challenges, revealing the high costs of adaptation alongside constraints on the country's fiscal resources. National Goals, Unclear Cost...

Cash Flow or Foreign Policy: Root of Maldives’ Economic Woes Debated

President Dr Mohamed Muizzu asserted that the Maldives was on the brink of economic collapse when he assumed office. He maintains that immediate, potentially politically unpopular, actions were necessary to stabilize the situation. The President cites the support of both the International Monetary Fund and the World Bank as validation of his administration's economic strategy and expresses...

MIFCO Disburses an Additional MVR 35 Million to Fishermen, Aims to Clear Backlog

The Maldives Industrial Fisheries Company (MIFCO) announced today that it has released a payment of MVR 35 million to fishermen, fulfilling a portion of the government's pledge to settle outstanding debts. The government had previously committed to depositing the first MVR 100 million of a total MVR 300 million owed to fishermen by yesterday....

Maldives at 37th ARPC: Finances Hinder Sustainable Food Systems

Dr Aishath Rameela, the Minister of Agriculture and Animal Welfare, has emphasized the critical challenge of limited financial resources for small countries like the Maldives in transitioning to more sustainable food production and consumption practices. Her remarks came during a ministerial meeting at the 37th Regional Conference for Asia and the Pacific of the...

Maldives Welcomes Over 50,000 Tourists from China in 2024

The Ministry of Tourism has announced a significant milestone: over 50,000 tourist arrivals from China have been recorded in the Maldives so far this year. This marks a strong resurgence in Chinese tourism to the island nation. As of February 24th, the Maldives has welcomed a total of 378,245 tourists. This represents a 16.2%...

31% Rise in Imports for Jan 2024, Says Maldives Customs

In a recent announcement by the Maldives Customs Service, January 2024 witnessed a notable surge in total imports, marking a substantial 31% increase and registering a staggering MVR 5.1 billion worth of imported goods. Conversely, exports experienced a corresponding decline, also at 31%, with MVR 173 million worth of goods exported during the same period.

World Bank Warns of USD12 Billion Shortfall in Nature and Climate Finance

In a recently released report, the World Bank has underlined crucial recommendations for the Maldives aimed at safeguarding its natural resources. According to the report, a major concern includes a significant shortfall in nature and climate finance, estimated at $12 billion, with only $1.6 billion secured since 2015. "To enhance climate resilience, the implementation...

Maldives Sovereign Development Fund Receives USD 30 Million Boost

Minister of Economic Development and Trade, Mohamed Saeed, has announced that USD 30 million has been deposited into the Maldives' Sovereign Development Fund (SDF) during the first three months of President Dr. Mohamed Muizzu's term. Speaking at a public gathering in Haa Alif Kelaa, Minister Saeed claimed that the SDF held only USD 2...

Management and Skill Development Concludes at STELCO 

State Electric Company Limited (STELCO) has concluded a management and skill development program for power plant owners. Speaking at the closing ceremony, STELCO Managing Director Hussain Fahmi stated that if a boss cannot trust his subordinates in the workplace, the company will not keep them in the position. "No matter how...

LATEST ARTICLES

Maldivian Airlines Expands Services with New Route to Colombo

Maldivian Airlines, the national carrier of the Maldives, has announced the launch of its service to Bandaranaike International Airport in Colombo, Sri...

STO to Supply 46 Elevators for Apollo’s Major Residential Project

The State Trading Organisation Company (STO) has been awarded a significant contract to supply elevators for Apollo's nine residential complexes in Hulhumale....

BML Small Grants Enable Sustainable Farming Practices in B. Kihaadhoo

The Bank of Maldives (BML) has announced the successful completion of a greenhouse and hydroponics project in B. Kihaadhoo, Maldives. The project,...

China Eastern Airlines Resumes Maldives Route, Boosting Tourism

China Eastern Airlines, a major player in China’s aviation sector, has recommenced its operations in the Maldives from Kunming following the disruption...

IASL Deputy Director Calls for Cooperation to Drive Progress in the Maldives

The Deputy Managing Director of Island Aviation Services Limited (IASL), Ali Saleem, has emphasized the crucial role of citizen-government collaboration in driving...
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