Author: Mohamed Reehaan

The proposed state budget by the Maldives government for the upcoming year of 2022 is MVR36,925.4 million (MVR36.9 billion). Furthermore, the state projects this budgetary total is 0.7% below the annual budgetary total for the current year. Meanwhile, the projections by Ministry of Finance report that the state budget’s intermediary increment will be at 1.1% in the year 2023 and another 1.2% in 2024. According to the Maldives government, 67.2% of the expenditure total will be focused on recurrent needs and the remaining 32.8% will be directed on capital expenses. Moreover, the intermediary recurrent expenses are expected to increase owing…

The Maldives Accountants Forum’s 2021 edition is now officially open for registration. The largest forum held in the country specifically for accounting professionals, opened up registration window on Monday, 01st November 2021. Furthermore, this forum is an annual event created to facilitate for discussions from the regulators and business community. The forum also allows accountants to get updated on their work needs with regards to industry demands. Moreover, the forum acts as a platform of capacity development for the field professionals as well. The theme of 2021’s Accountants Forum is “Readiness Mindset – Striving for Excellence” and will run for…

Premier tourism promoter, Visit Maldives has participated in the fourth edition of the International Maldives Travel Market (IMTM) 2021. Moreover, the IMTM 2021 was initially scheduled from 21st to 23rd September on the virtual platform of the IMTM Air. However, the event was eventually held from 26th to 28th October with the participation of several different countries. The IMTM 2021 is a business-to-business travel and trade fair bringing together international buyers including tour operators, travel agents, destination management companies as well as PR agencies from across the world. The international buyers liaise with local accommodation providers including resorts, hotels, guesthouses,…

The Housing Development Corporation (HDC) of Maldives has signed with Medianet to include the latter’s services in the former’s Open Access Network. Regarding the partnership, HDC affirms that residents of Hulhumale’-Phase 2 and especially Hiyaa Flat residents will receive Medianet services at faster speeds. The Open Access Network by HDC, being deployed at the satellite town is part of HDC’s strategies to strengthen digitalization of state services and the enhancement of businesses, as well as the lifestyles of the residents in the area.

The newest vessel of Maldives State Shipping (MSS) has arrived in the country’s capital Male’ City, on 30th October, Friday. Moreover, this is the first vessel purchased by MSS; a subsidiary of the country’s largest state-owned enterprise, State Trading Organization (STO). MSS confirms that after the branding works come through, the vessel will be put to towards the utilization and provision of shipping services between Maldives and Sri Lanka. In addition to this, the company confirms that 99% of the ship crew will be comprised of locals. The new vessel’s arrival has pushed anticipation of MSS to possible enhancement of…

Maldives was recently promoted virtually on ITB Asia 2021 Virtual, held from 25th October to 29th October 2021. The business-to-business event is regarded as one of the largest such B2B travel and trade show in Southeast Asia. Furthermore, the ITB Asia 2021 Virtual alongside MICE Show Asia 2021 Virtual and the Travel Tech Asia 2021 Virtual were business-to-business platforms that ran through five days, providing back-to-back business appointments for co-exhibitors to expand their networking. Co-exhibitors received interactive networking profiles and five complimentary virtual trade visitor tickets to the event. Moreover, the event featured a comprehensive guide of supplier directory, knowledge…

Milaidhoo Maldives will be celebrating its festive season with reminiscence of the ‘good times, meaningful experiences and spending quality time together as a couple, with family or friends’ and with the ‘Milaidhoo family members.’ The holiday destination embraces Maldivian heritage found in several aspects of the island from its architecture to guest experiences and services. Moreover, with this festive season guests will come to experience global cuisines from an international culinary team as well as a journey through the world of cocktails, wines and spirits. In-house chef of Milaidhoo Maldives will share his knowledge of the Maldivian cuisine “curated group…

The Port Training Center (PTC) has conducted a cyber security awareness session for the executive members of the Maldives Ports Limited (MPL). Furthermore, the program was attended by the corporation’s Chief Executive Mr. Shahid Ali along with other senior officials of MPL. MPL reported that the program falls under part of the company’s IT department’s strategies to develop “resilient cyber security infrastructure” through awareness and promote prevention of cyber security threats. Moreover, the awareness program will continue for all the administrative employees of the company; while the scheduled date has not been disclosed yet.

JTB LookTours concludes a month-long digital marketing campaign promoting the Maldives in Japan. The marketing campaign ran from 20th September until 25th October, promoting the island nation as one of the safest travel and tourism destinations for Japanese travelers to visit post-pandemic. Meanwhile, it has been confirmed that the international travel restrictions in the Asian giant has since been lifted. Furthermore, JTB is the largest tour operator in Japan while it is also an instrumental industry affiliate for Japanese travelers to the Maldives. JTB’s flagship brand “JTB LookTours” target affluent customers and honeymooners. Moreover, the month-long digital marketing campaign for…

The Ministry of Tourism of Maldives has confirmed that the lease of 18 islands in 10 different atolls for the purpose of resort development are available. Moreover, the details of the islands on bid were revealed on Tuesday, 26th October, at the Maldives Investor Forum which was held as part of the ongoing Expo 2020 Dubai global event. As per the ministry, the islands up for bid to develop tourist resorts are as follows: Haa Alif Medhufushi – 10.90 hectares Haa Alif Alidhuhfaru Finolhu – 3 hectares Haa Dhaal Kudafarufasgandu – 1.20 hectares Shaviyani Kudalhaimendhoo – 14.70 hectares Raa Ehthigili…