Author: Mohamed Reehaan
The Maldives Marketing and Public Relations Corporation (MMPRC) is promoting the Maldives at the East Mediterranean International Travel and Tourism Exhibition (EMITT) 2024. The event is held at the Tuyap Fair and Congress Center in Istanbul, Turkey from February 6, 2024 to February 9, 2024. MMPRC is promoting the Maldivian tourism brand in association with 19 representatives from 12 companies. The East Mediterranean International Travel and Tourism Exhibition (EMITT) is considered one of the largest trade shows in the region, and acts as a significant platform on promoting the Maldivian tourism brand. Participation in this event is also aligned with…
The recent International Monetary Fund (IMF) mission visit to the Maldives has culminated with a warning issued on the country’s economic stability. During their stay from January 23, to February 6, 2024, the IMF mission discussed the Maldivian economic outlook and policy priorities in the context of the 2024 Article IV consultation; held earlier. As per Piyaporn Sodsriwiboon, who led the IMF mission to the Maldives, the country is at high risk of fiscal deficits and public debt levels without significant policy changes. She also emphasized the need for immediate policy adjustments to cull these challenges. While noting the Maldivian…
The Managing Director of State Electric Company Limited (STELCO) Hussain Fahmy has addressed the importance of a backup power facility to provide electricity for critical infrastructure of Greater Male’ region. Speaking in this regard, Fahmy said that the power station in Male’ City would become non-operational or either will be transformed into a backup power outlet while the main station would be developed in Thilafushi or any other viable location. He said that a larger power plant is needed to ensure a more streamlined service; by way of establishing a system to distribute the ‘imported’ power from said plant. Since…
Beijing Capital reportedly will commence flights from Hangzhou, China to the Maldives this February. According to the airline, it would operate three flights every week to the Maldives using their Airbus A330-200s. Hangzhou is the capital of the Zheijang province in eastern China, and is famous for its West Lake and cultural heritage. Beijing Capital is also the first airline from China to resume direct flights to the Maldives in 2023 after a three-year halt following the Covid-19 pandemic. More recently, the Ministry of Tourism announced China taking top spot in the tourist market rankings to the Maldives with over…
Maldives President Dr. Mohamed Muizzu has revealed the government’s plans to adopt a reform policy to improve the state’s finances and bring debt and fiscal conditions to sustainable standards. President Muizzu made the remarks during his Presidential Address at the inaugural session of the People’s Majilis (Maldives Parliament) for 2024. In his address, President Muizzu announced the current administration was taking steps on reducing expenditure. The government has started replenishing the sovereign fund with US dollars amidst this plan, and are now exploring new avenues to retain foreign currency within the Maldives. The government further decided to limit the appointment…
The latest tourist arrival update posted by the Ministry of Tourism reflects a similar observation of the pre-Covid era as China takes helm as the top tourist market to the Maldives. The market, which resumed to the Maldives on January 1, 2023 failed to reach to the top two positions throughout last year; however, the resumption of Hong Kong direct arrivals to the Maldives earlier in 2024 has boosted the overall Chinese tourist arrivals to the Maldives. As such, the market has landed in the top spot with a total of 23,972 arrivals as of February 4, 2024; which is…
Maldives President Dr. Mohamed Muizzu has established the Maldives Fisheries and Ocean Resources Marketing and Promotion Limited (MFORMPL) on February 4, 2024. The new government-owned company, fully vested with 100% of the state’s stake, carries fixed liabilities, reports the President’s Office. President Dr. Muizzu set up the company per the authority granted to him under Section 15 of the Companies Act (7/2023), and the announcement was made by the President in the decree (Decree No. 03/2024). The Maldives President established the new company with the primary objective of expanding the Maldivian fishing industry, and enhancing the social benefits by promoting…
Regional Airports Company Limited (RACL) has announced the appointment of a new Executive Director to its board. RACL on Tuesday, January 30, 2024 announced the appointment its Deputy Managing Director Ibrahim Shahid as the new Executive Director of the board of directors. “Mr. Shahid brings with him a wealth of experience garnered from his previous roles in the ICT field,” RACL said in a post on X (formerly Twitter).
Ooredoo Maldives has scheduled its next Annual General Meeting for March 2024. The telecom and internet service provider also set the record date for Thursday, February 15, 2024 at 14:00hrs. The period is important for shareholders to determine their eligibility for dividends for the year 2023 and their participation rights in the AGM. Ooredoo Maldives said that shareholders registered with the company by the cut-off date can attend the AGM slated for March, cast their votes in person or by proxy, and be eligible for dividend. Additional details about the AGM, including the notice and agenda will be made available…
Maldives Ports Limited (MPL) announced the conclusion of the most recent internship program held by the corporation. Following the conclusion of the two-week program, the participants were given certification acknowledging their participation. The closing ceremony was held at Meerumaa Events Hall on Sunday, January 28, 2024. The closing ceremony was attended by the Minister of Youth Empowerment, Information and Art Ibrahim Waheed along with senior officials of MPL, including its CEO Mohamed Wajeeh Ibrahim.