Author: Mohamed Reehaan
The cumulative total of state revenues, inclusive of foreign grants, is currently at MVR3.8 billion. According to the Ministry of Finance, as of 02nd February, the cumulative total of state expenditure reached MVR3.5 billion. The state has spent 78% of its budget on recurrent needs and the remaining 22% on capital needs. The overall balance is a surplus of MVR295.2 million. The cumulative total of tax revenues as of 02nd February is MVR3.4 billion, and non-tax revenue is at MVR403.1 million. On the other hand, the cumulative total of recurrent expenditure is now at MVR2.75 billion. The cumulative total of…
Maldives Marketing and Public Relations Corporation (MMPRC) is taking part in SATTE 2023. The premier business-to-business exhibition for travel and tourism trade professionals in South Asia kicked off on Thursday, 09th February, and will last until Saturday, 11th February. The event is held at the India Expo Mart in Delhi. MMPRC is showcasing the iconic natural beauty and diversity of the Maldives; as a short-haul holiday destination for Indian travelers. SATTE 2023 is an ideal platform for industry leaders and professionals to connect, network, and showcase their products and services. MMPRC is taking part in the travel trade event with…
Housing Development Corporation (HDC) has revealed the Kudagiri picnic island will welcome its very first picnic-goers this Saturday, 11th February. The corporation on Thursday, 09th February, confirmed that the island is now available for booking. Bookings will be made through the island’s official website/application. Additionally, HDC confirmed that access to the island is possible only through a booking. Booking opportunities opened officially from 16:00hrs, Thursday onwards. Kudagiri picnic island, part of the current government’s pledges to provide a safe and public space for the locals to visit and enjoy during holidays, has the capacity of catering to between 500 to…
Maldives Marketing and Public Relations Corporation (MMPRC) with 64 industry representatives has promoted the Maldives at this year’s OTM Mumbai travel trade fair. The three-day exclusive fair was held from 2nd to 4th February at the Jio World Convention Center, Mumbai. OTM is an exclusive business-to-business travel market and is considered one of the largest international gatherings of travel trade buyers and professionals in India.
ADK Hospital has opened a new gym facility in partnership with Heat Health and Fitness Gym. Under the partnership, Heat will now operate the newly opened gym under the name “The Wellness Club”. The gym is part of ADK Hospital’s policy of providing comprehensive health services in the Maldives. At the inauguration ceremony, the Minister of Youth, Sports and Community Empowerment Ahmed Mahloof, who officially opened the facility, said that private institutions were instrumental in providing comprehensive healthcare in the country. The minister also said that discussions with the gym’s management will move forward toward developing the sports sector. The…
The Bank of Maldives (BML) has announced upcoming changes to cheque processing. The national bank said that its cheque processing changes are according to the Maldives Monetary Authority’s (MMA) action plan on reducing the usage of cheques. According to BML, cheques above MVR 50,000 and USD 3,000 will not be processed from 01st April 2023 onwards. However, customers can continue to bank online using internet or mobile banking applications to make transfers to BML and other local bank accounts.
Dhiraagu has signed an agreement with the Athletics Association of Maldives (AAM) to become their exclusive Digital Partner for 2023. AAM is the governing body of track and field, road races, and race walking in the country. Through the partnership, Dhiraagu will support the promotion of different athletics competitions across the country. “We are delighted to be the Digital Partner of the Athletics Association of Maldives for 2023. Dhiraagu places great importance on the development of sports and empowering youth to be actively involved in different sporting activities. Through this partnership, we hope to help create a new generation of…
Island Aviation has announced seeking bidders to develop a passenger terminal at Maafaru International Airport, Noonu atoll Maafaru. The regional airport’s operator has announced seeking local developers. Interested proponents must register for bidding before 12:00 pm on 12th February 2023. While IA announced for bidders to develop and expand the airport’s passenger terminal, it had earlier contracted Maldives Transport and Contracting Company (MTCC) to expand the runway under the second phase of the airport’s development project. Under the runway expansion initiative, MTCC will expand the current 2.2-kilometer runway by 2.85 kilometers. The project value is MVR 27.1 million. The regional…
The Maldives government is seeking bidders to develop 30 housing units in Shaviyani atoll Komandoo. The Ministry of Finance announced on Sunday, 05th February 2023. According to the ministry, bidding will follow National Competitive Bidding (NCB) policy. Moreover, the construction project has a fixed duration of 300 days. Interested bidders must submit a concept drawing for the bid. Once awarded, the concept will be further developed, said the ministry on its announcement.
Tourist arrivals to the Maldives increased by 30.9% in January 2023 according to the Ministry of Tourism. The ministry has reported a total arrival of 172,536 for January 2023, while arrivals in the same month last year stood at 131,762. Additionally, tourist arrivals in January 2021 stood at just 92,103; owing to the onset of recovery from the Covid-19 pandemic in 2020. Tourist arrivals from 01st to 04th February stood at 5,623 which is a 28.3% increment compared to the same duration in 2022 during which arrivals stood at 4,384. Moreover, arrivals in the same duration in 2021 stood at…