Author: Mohamed Reehaan

World Bank in their latest regional update titled; Reshaping Norms: A New Way Forward, claimed that the Maldives real GDP is expected to grow by 8.5% in 2022 and by another 9.1% percent in 2023. Moreover, the real GDP growth for medium-term is at 7.6% in 2022 and in 2023 it is expected to rise up to 10.2%. According to World Bank, due to the successful vaccination programs, Maldives saw a “robust recovery in the tourism sector” despite repeated Covid waves. Touris arrivals were catching up to pre-pandemic levels in the second half of last year, however it still stayed…

The Bank of Maldives (BML) has confirmed that its BML Islamic customers can now apply for Personal Financing facilities via internet and mobile banking platforms. According to the bank, “as part of changes to offer better banking and easy access to services” its BML Islamic customers can now log in via the online banking platforms to apply for the facilities. The BML Islamic Personal Financing is perfect for salaried individuals and retirement pension earners to finance up to MVR300,000. Moreover, BML Islamic Personal Financing portfolio also allows the option of cash financing in addition to the purchase of goods and…

On Thursday, 14th April 2022, State Electric Company Limited (STELCO) reported power interruptions in specific locations of Male’ City. According to the utility provider, the power cuts were faced due to damages sustained to one of the main power distribution valves during a site digging at Hulhumale’. Furthermore, STELCO noted that parts of Male’ City are powered through the Interconnection Grid from Hulhumale’, which resulted in power cuts to several locations of the Maldives capital. The issue was resolved as of Thursday afternoon when, around 12:59hrs, one of STELCO’s media spokesperson confirmed that the Greater Male’ Interconnection Grid has been…

Maldives Airports Company Limited (MACL) has confirmed on carrying out a preliminary survey prior to a planned salary increment for all of its staff. Mr. Ibrahim Thoha, the current Deputy Managing Director of MACL spoke at a ceremony held to commemorate the 56th anniversary of the company on Tuesday morning, said that management was currently attempting to assess possible salary increments. “We have prospective plans of commencing operations of the world’s largest seaplane terminal sometime within the second quarter while the new runway and fire station will be brought into operational capacity sometime during the third quarter,” Mr. Thoha spoke…

Moji Maldivi in association with Visit Maldives has taken part in Place2Go 2022 to promote and strengthen the Maldives visibility and brand presence in the Croatian market. The international tourism fair, held annually since 2012 was held from 08th to 10th April 2022 in its most recent edition. Every year, the Place2Go travel trade event reportedly attracts more than 15,000 visitors while over 200 exhibitors from over 35 countries participate in the event promoting their respective tourism industries and products. Maldives took part in the event to promote the island nation as a popular honeymoon and luxury travel destination. At…

The relative pushback on upgrade works of Koodoo Fisheries Complex has resulted in Maldives Parliament proposing a summoning of Minister of Fisheries, Marine Resources and Agriculture Dr. Hussain Rasheed Hassan for questioning. It was confirmed that the parliament will be summoning the minister due to the delay in upgrading the storage capacity for MIFCO operated in the island. Earlier, it was reported that several fishing vessels have faced issues in selling their catch to Koodoo due to insufficient storage capacity. Owing to lack of storage capacity, Koodoo announced it will be purchasing 5 tons of fish from each vessel; further…

Ooredoo Maldives on Tuesday, 12th April, has launched its SuperNet Fixed Broadband services in Gaaf Dhaal atoll Hoadehdhoo. The internet service providers SuperNet provides fixed broadband packages with speeds up to 100 mbps. Meanwhile, the Chief Commercial Officer of Ooredoo Maldives Mr. Hussain Niyaz affirmed that the internet service provider remains committed in providing internet services with desirable benefits including larger data allowances, higher speeds and data rollover services. Recently Ooredoo Maldives had revamped its SuperNet plans providing up to five times the internet speeds than before, with 100% larger allowances including SuperNet add-ons. Additionally, Ooredoo Maldives is the first…

MMPRC has exhibited at the leading global tourism event held in the African continent, World Travel Market (WTM) Africa 2022. The travel trade fair commenced on 11th April, Monday, at the Cape Town International Convention Center (CTICC) and will run until 13th April, Wednesday. WTM Africa is one of the six shows in the WTM portfolio, which was first launched back in 2014 under the Africa Travel Week umbrella. The event provides networking grounds for global travel trade professionals and seeking potential investors and travel industry affiliates. Moreover, WTM Africa estimates participation from over 6,000 industry professionals similar to WTM…

Maldives Marketing and Public Relations Corporation (MMPRC) has participated in the BIT Milan held in Italy. The travel trade fair held in Italy; the traditional top source market of the Maldives, commenced on 10th April, Sunday and will last until Tuesday, 12th April 2022. The event is organized by Fiera Milano since 1980, aimed at connecting potential investors, corporate travel decision makers, tour operators, and travel agents with VIP clients from the hospitality, leisure, and travel industries. MMPRC took part in the fair alongside nine other co-exhibitors, and the tourism promoter confirms that participation in the event is aligned with…

The Maldives government announced that a new mental health unit will be enacted in Addu Equatorial Hospital under a grant from Indian government. The project falls under a grant of MVR27 million provided by Mumbai towards the expansion of several health care units and medical institutions in the Maldives. The state confirmed that the development projects will be directed to a total of seven different islands, which was announced during the most recent by Indian External Affairs Minister Dr. Subrahmanyam Jaishankar to the Maldives. Moreover, it was confirmed that the projects will be focused on the atolls of; Haa Dhaal…