Maldives has highest internet penetration in South Asia: ITU

Maldives has the internet penetration in South Asia, with 54.46 percent of the population having connectivity to the internet, according to a report by the International...

Asia Pacific needs 814,000 new pilots, technicians & cabin crew by 2035

The Asia Pacific will need 814,000 new pilots, technicians and cabin crew to meet air passenger demand in the region over the next 20 years,...

Maldives Travel Awards’ application for nominations till 15th August

Maldives Association of Travel Agents & Tour Operators (MATATO) has extended the deadline of Maldives Travel Awards’ application for nominations till 15th August 2016. During...

Malahini Kuda Bandos has finally arrived

Malahini Kuda Bandos, a medium ranged 4-star resort developed on the former picnic island has welcomed the first tourists last week. Malahini Kuda Bandos resort offers well...

Construction of India’s first transshipment port begins, less than 500 km from proposed port...

Indian conglomerate Adani Group has started construction on India’s first trans-shipment port, Reuters reported. The Indian government will give the Adani Group a grant...

Dhiraagu first half net profit up by 22% to MVR 449 million

Dhivehi Raajjeyge Gulhun (Dhiraagu) has gained a net profit of MVR 449 million for company’s first half of 2016 (January to June of 2016). Credited as the first...

Sri Lanka to abolish minimum hotel room rates next year

Sri Lanka’s often disputed minimum hotel room rates enforced many years ago in Colombo city to curb price cutting is to be terminated next...

STO makes first half net profit of MVR 191 million

State Trading Organization (STO) makes net profit of MVR 191 million during the first half of 2016. This STO, in their second quarterly report, revealed...

STELCO eyes floating solar station

Considering that the Maldives receives an abundance of sunshine year-round, the country's vision to boost the installation of solar power should come as no...

Maldives named number 1 in the Condé Nast Traveler’s list of ‘25 Best Island...

Maldives has been named the number 1 spot in the Condé Nast Traveler’s list of ‘25 Best Island Beaches for Swimming and Snorkeling'. "It's no...

“Target is 500,000 tourist arrivals for guesthouses by 2020”

The main target of Guesthouses Maldives Conference is 500,000 tourist arrivals for guesthouses by 2020 according to the organiser of the event. Speaking to Corporate Maldives, Director Business...

Dhigufaru Island Resort to open in August

Dhigufaru Island Resort in Baa Atoll has been set to open on August 15th. This will be the second opening this year after "Finolhu"...

Land reclamation for airport’s new runway begins

President Abdulla Yameen Abdul Gayoom on Monday inaugurated the land reclamation work of Ibrahim Nasir International Airport (INIA) expansion project. The project, which is set...

Inaugural Islamic Finance Forum of South Asia on 26-27 July

The Inaugural Islamic Finance Forum of South Asia (IFFSA) will be held on 26 and 27 July at the Ramada, Colombo. Luminaries in the...

Bank of Maldives introduces a new loan product to support victims of disasters

Bank of Maldives has today introduced a new loan product to support victims of disasters to rebuild their homes. The BML Disaster Relief Loan,...

Commercial Bank of Maldives to commence banking operations in last quarter

Tree Top Investments have announced the opening of Commercial Bank of Maldives (CBM). Commercial bank of Maldives is set out to enhance and improve the...

“Copier Plus” & “the GUEST” signs as partners for Guesthouses Maldives Conference 2016

“Copier Plus” & "the GUEST" signed a Memorandum of Understanding (MoU) with Guesthouses Maldives Conference to become the “Office Automation Partner’ & "Hotel Amenities Partner" respectively for...

MIRA revenue for first half totals to MVR 7.9 billion

With MVR 155 million earned as acquisition cost of three islands newly leased by the state for resort development, Maldives Inland Revenue Authority (MIRA)...

India’s GoAir eyes Maldives amid international expansion

GoAir, India’s fifth-largest airline, is reportedly targeting a number of Gulf countries as part of a major expansion to its network. According to local media,...

George Weinmann | The man behind Maldives’ largest international airline “Mega Maldives”

Corporate Maldives speaks to George Weinmann, the man behind Maldives’ largest international airline; What’s the story behind MEGA Maldives Airlines, what convinced you that Maldives...

Amana Takaful Life announces IPO of LKR 75Mn

Amana Takaful Life Limited (ATLL), a fully-owned subsidiary of Amana Takaful PLC, has announced an Initial Public Offering (IPO), via an Offer for Sale...

CDL Hospitality Trusts’ Maldives assets to continue floundering: analysts

CDL Hospitality Trusts will continue to be plagued by weak performance from its Maldives assets, on back of persistent forex losses and soft demand. According...

World Tourism Conference 2016 to be held in Penang, Malaysia

The Ministry of Tourism and Culture Malaysia (MOTAC) is delighted to once again host the World Tourism Conference (WTC). This year’s edition will be...

BML first half Net Profit up 152% to 570 million rufiyya

Bank of Maldives’ financial performance has continued its positive trajectory with first half Profit After Tax up 152% on the same period last year...

LATEST ARTICLES

British Airways Joins Maldives’ Sea-to-Air Cargo Network with First Shipment

Velana International Airport has welcomed British Airways as the latest addition to its growing sea-to-air cargo transshipment network. The announcement was made...

Gov’t Designates Seven Islands as Urban Centres Under New Development Policy

The government has designated seven islands as urban centres as part of its Sustainable Regional Development Policy, aiming to foster balanced economic...

Maldives Signs Agreement to Strengthen Climate Data Collection for Greenhouse Gas Inventory

The government has signed an agreement to improve data collection for its National Greenhouse Gas (GHG) Inventory. The agreement, signed between the...

New Resort and Hotel Training School to Be Developed in Laamu Atoll

The government has formalised plans to develop a 5-star resort and a hotel training school on Hulhimendhoo Island, near Maamendhoo in Laamu...

COMO Hotels Appoints Peter Nilsson as Managing Director for Maldives Properties

COMO Hotels and Resorts has announced the appointment of Peter Nilsson as the new Managing Director for its Maldivian properties, COMO Cocoa...
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