Author: Mohamed Reehaan
State Electric Company Limited (STELCO)’s Managing Director Hussain Fahmy on Monday confirmed dispatching a technical team to assist Fenaka Corporation. Fahmy said on X, that an expert technical team of STELCO was dispatched upon Fenaka Corporation’s request to assist them in resolving the power outage issue in Kulhudhuffushi City. The upper northern city experienced a power cut on Monday morning around 09:15hrs. Fenaka Corporation said the outage occurred after three control modules fried due to a transformer malfunction. Earlier, on Monday afternoon Fenaka Corporation also reported that it was working to resolve the power outage in Kulhudhuffushi City and estimated…
Business Center Corporation (BCC) announces an online forum for individuals in creative industries by WIPO. As part of the World Intellectual Property Day 2024, this online forum aimed towards building a “common future with innovation and creativity” is scheduled for April 25, 2024 from 14:30hrs to 17:00hrs. The event is organized by World Intellectual Property Organization (WIPO) in partnership with BCC and endorsed by the Ministry of Economic Development and Trade. The topics slated for this online forum include; Copyright Dimensions in Creative Industries – Making a living from music, arts and literature Branding Dimensions in Creative Industries – What…
Seniors of Maldives Ports Limited (MPL) met with a foreign consultancy firm to seek expert guidance. MPL said on Monday, April 15, 2024, that its senior officials met with the international consultancy firm to seek technical expertise towards the development of Hithadhoo port. The port authority confirmed participation of MPL Chief Executive Officer and Hithadhoo Port’s Managing Director Mohamed Wajeeh as well.
The arrivals to the Maldives is currently 11,389 short of hitting 700,000, reported the Ministry of Tourism. While China faces no immediate threat of rank replacement, UK and Russia appear to be in stiff competition. On the other hand, Italy and Germany retains their fourth and fifth ranks, respectively. Top 10 Markets China – 73,848 UK – 69,031 Russia – 68,342 Italy – 63,020 Germany – 54,311 India – 38,578 France – 26,165 USA – 23,853 Switzerland – 17,189 Poland – 14,789 Total arrivals to the Maldives as of April 14, 2024 reached 688,611 which is 14.6% above the arrival…
Soneva, one of the leading luxury resort operators in the Maldives, has unveiled its newest property located in Haa Dhaalu atoll, Soneva Secret. The new property features 14 villas, and promises its guests the ultimate experience in ultra-bespoke hospitality that blurs the line between indoors and out. The 14 villas, in land and over water, come under six different types. Each villa, directly providing access to the beaches or the waters, feature their own dedicated ‘barefoot guardian’ or ‘barefoot assistant’ and a designated private chef. The resort features three main restaurants, the ‘Out of This World’ is the resort’s castaway…
The Maldives government has contracted China’s Dongfeng Electric International Corporation to develop fish processing factories in three strategic locations in the Maldives. The Ministry of Fisheries and Ocean Resources signed the memorandum of understanding (MoU) on Sunday with the Chinese corporation, which is aimed at addressing the constraints in weighing and processing fish. Minister of Fisheries Ahmed Shiyam said the factories will be developed in Lhaviyani atoll Felivaru, Dhaalu atoll Maadheli, and Gaafu Dhaalu atoll Fiyoari. According to the minister, 100-ton factories will be developed in Felivaru and Fiyoari while a 50-ton factory will be developed in Maadheli. The factory…
Regional Airports Company Limited (RACL) and Maldivian Aero has collaborated to resume international flight operation between the Maldives and India. Both RACL and Maldivian confirmed on X the resumption of the national carrier’s flights between Hanimaadhoo International Airport and Trivandrum. The service aims to improve connectivity between the Maldives and India, enhancing easier travel options for both Maldivians and Indians. “This service connects two magnificent destinations, fostering seamless travel experiences between Maldives and India,” Maldivian said.
The Maldives government has contracted China’s CAMC Engineering for the development of an integrated maritime hub in Laamu atoll. The Memorandum of Understanding (MoU) was signed on Thursday, between Maldives Ports Limited (MPL) CEO Mohamed Wajeeh and CAMC Engineering’s General Manager Lee Wei Wei. Subsequently, the contract for the development of the maritime hub was signed between the Minister of Construction and Infrastructure Dr. Abdulla Muththalib and Wei Wei. According to the government, the project will be carried out under six components. This includes; Offshore Bunkering Super-Yacht Marina Eco-Resort Transshipment Port Cruise Terminal Food Storage Facility MPL gave a presentation…
SME Development Finance Corporation (SDFC) has announced a waiver on the Covid-19 business aid loan’s interest. The decision follows Maldives President Dr. Mohamed Muizzu’s earlier promise for the same. According to SDFC, in the week immediately after the Eid holidays, it would share the changes brought to the loans of customers regarding the interest exemption. The information would be shared via the SDFC customer portal. Additionally, the corporation said that the interest amount paid by customers so far will be deducted from the loan’s principal amount. Following the deduction, any amount from the paid total exceeding the principal would be…
According to the Ministry of Tourism, the UK has toppled Russia to become the second strongest tourist market to the Maldives. As per the latest updates from the Ministry, total arrivals from UK has reached 66,999 while Russia is following closely behind with 66,803. China continues to dominate the list with over 71,000 arrivals. Top 10 Markets China – 71,995 UK – 66,999 Russia – 66,803 Italy – 61,379 Germany – 52,256 India – 37,417 France – 25,098 USA – 22,983 Switzerland – 16,452 Poland – 14,490 The total tourist arrivals to the Maldives has reached 663,269 as of April…