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...
MIB to open its new branch in Kulhudhuffushi
Maldives Islamic Bank (MIB) has announced the opening of its new branch in Haa Dhaal Kulhudhuhfushi.
MIB Kulhudhuhfushi branch is located at Ground and First floor,...
“BML MOBILEPAY” – A new and faster way of making payments
Bank of Maldives has introduced a major new product that will lead to faster check-out times at shops and which will allow customers to...
International tourism continues to grow above average in the first four months of 2016
Photo: Malahini Maldives
Destinations worldwide received 348 million international tourists (overnight visitors) between January and April 2016, some 18 million more than the same period...
More than 23,000 Businesses Registered: Economic Ministry
So far 23,626 businesses in Maldives have registered with the Ministry of Economic Development, the Ministry has said.
Speaking at a press briefing held at...
Sri Lanka’s Hayleys buys Maldivian resort “Kudarah” for US$23mn
Sri Lanka’s Hayleys PLC has acquired a Maldivian resort named Kudarah Island Resort through their subsidiary Luxury Resort private limited for 23 million US...
TripAdvisor launches a new airline reviews platform
TripAdvisor® today announced the launch of a new airline reviews platform, as well as a newly redesigned flights search service and beta launch of...
LATEST ARTICLES
Tourism Ministry to Launch Targeted Inspections of Guesthouses in Key Atolls
The Maldives’ Ministry of Tourism has announced plans to conduct targeted inspections within the next two weeks to address the issue of...
Maldives’ October Revenue Drops 14% Year-on-Year
The Maldives Inland Revenue Authority (MIRA) has reported that the country's total revenue collection for October 2024 reached MVR 1.73 billion. This...
Dhiraagu’s ‘Win a Speedboat’ Promotion Nears Exciting Finale with Magellan 32 Grand Prize
Dhiraagu's much-anticipated ‘Win a Speedboat’ promotion is nearing its thrilling conclusion, as the grand prize—a Magellan 32 speedboat—enters the final stages of...
Maldives Proposes Pension Reforms to Exclude High-Income Earners in 2025 Budget
The Maldivian government has proposed changes to its pension system in the 2025 budget, which will see the basic pension of MVR...
MMA Clarifies Reserve Data Following Currency Swap with India
The Maldives Monetary Authority (MMA) has provided an update on its foreign exchange reserves following a recent currency swap arrangement with the...
