Author: Mohamed Reehaan

Fuel Supplies Maldives (FSM) announces newest addition to its expanding fuel carrier fleet. The fuel provider on Monday, 08th August, confirmed adding a new fuel carrier barge; dubbed “Femunu” to its fleet. The vessel holds a carrying capacity of 360,000 liters of fuel. Earlier in May 2022, FSM added two fuel carrier vessels to its fleet – MV Hunike and MV Bureki – with a carrying capacity of 260,000 liters each. The fuel provider’s Managing Director Mr. Mohamed Qasam states the company’s newest addition aims to drive up fuel delivery. He notes the addition will enhance the company’s supply-demand chain.

State Electric Company (STELCO) Managing Director addresses his relief on handing over housing tower apartments to employees, ahead of academic new year. The utility provider’s MD Mr. Ahmed Shareef, made the statement at a local news broadcast channel, VTV. Shareef pledged to handover the apartments by 24th July 2022. However, due to a few unforeseen circumstances, this was delayed by 12 days from the initial slated date. Housing Development Corporation (HDC) earlier contracted installation of electrical network in the towers, to a Chinese based company. However, STELCO stepped up to complete the task as the project component faced unexpected delays.…

The United States government has donated more than 99,000 vials of Covid-19 vaccine. US government extended its assistance through USAID, reported Maldives Government. Meanwhile, Ministry of Health confirms receiving a total of 99,450 vials of the vaccine. The ministry attests US government donated the mRNA dose of the vaccine. The mRNA vaccine includes both Pfizer and Moderna; anti-body vaccine variants produced to counter effects of Covid-19 virus in patients. USAID has provided over USD7 million for various efforts by the Maldives government in countering the viral pandemic. The organization also donated a total of 60 ventilators as part of its…

Maldives government earned a quarterly revenue of MVR5.29 billion for the second quarter of 2022. Maldives Inland Revenue Authority (MIRA) confirms this, on their quarterly update. According to the authority, earnings for the review quarter observes a 55.8% increment in comparison with same quarter in 2021. In addition to this, it was a 50.2% increment from initial projection. Main revenue drivers for the state during review quarter include; Income Tax GST Land Acquisition Conversion Fee Airport Taxes and Fees In addition to this, a receipt of USD10 million as Lease Period Extension Fee also drove up the revenue for the…

State revenues are currently MVR5.04 billion less than the government expense in cumulative terms. According to the Ministry of Finance, government expenditure as of 28th July reached MVR20.78 billion. By the same period, revenues hit MVR15.74 billion in annual terms. Moreover, state has spent 75% of its budgetary total on recurrent needs, and the remaining 25% on capital expenses. On the other hand, 75% of state earnings came through tax sources and the remaining 25% from non-tax sources. As of 28th July, cumulative total of tax revenues hit MVR11.83 billion while non-tax total hit MVR3.82 billion. Meanwhile, cumulative total of…

Tourist arrivals to the Maldives reach 960,075 as of 03rd August 2022, with approximately 40,000 shy from hitting the millionth mark. According to the Ministry of Tourism, tourist arrivals in annual terms observed an increment of 53.3% increment compared to same period in 2021. However, it was still 4.8% below pre-pandemic levels in 2019. Tourist arrivals in annual terms for the same period last year stood at 626,314. By the same period in 2019, arrivals breached millionth mark to hit 1,008,734. On the other hand, tourist arrivals for July 2022 stood at 133,561 indicating an increment of 31.5% compared to…

The Chief Executive Officer of Maldives Marketing and Public Relations Corporation (MMPRC) Mr. Thoyyib Mohamed joins the high-level panel discussion of the Pacific Asia Travel Association (PATA) Destination Marketing Forum 2022. The forum started on August 4, Thursday in Songkhla, Thailand. The event invited high-level executives in global destination travel and trade. Among the top profile members of the panel include, Mr. Phiphat Ratchakitprakarn, the Thailand Minister of Tourism and Sports and Ms. Supawan Teerarat, the Senior Vice President of MICE Capability and Innovation, Thailand Convention and Exhibition Bureau (TCEB). Other members of the panel include Ms. Nicola Eliot, the…

Oaga Art Resort’s pushes back their “Audition Day” to 14th August, from 10:00hrs until 17:00hrs of the day. The open-day event will now be hosted at the Manhattan Business Hotel, Male’ City. Prospective candidates at the audition will receive a wide array of instruments, art material and other props to show off their talent and creativity during the event. The resort seeks potential creative minds to fill various positions of the hotel. The resort endorses creativity, which remains as one of its major focuses. Oaga Art Resort lies 45 minutes away from Velana International Airport. The art-centric resort has 60…

Bank of Maldives (BML) earlier, last week, made announcement of the second phase winning recipients of the bank’s Community Fund initiative. The project include; Fish filleting platform – A.A. Himadhoo, submission: Club New Friends RO machine and water dispenser installation in Bodufulhadhoo School, submission: Revolutionary Bodufulhadhoo Generation Fish filleting platform – H.Dh. Neykurendhoo, submission: Association for Neykurendhoo Development Renovation of pre-school park – A.Dh. Fenfushi, submission: Fenfushi Zuvaanuge Dhirun Fish filleting platform – Dh. Hulhudheli, submission: Hulhudheli Island Social & Sports Association The bank’s community fund program aims to empower local NGOs and individuals. BML endorses sustainable projects with community-centric…

State Electric Company Limited (STELCO) on Saturday, 06th August, hands over the apartments to a total of 306 of the company’s employees. The apartments were assigned to these employees from the utility provider’s housing towers developed at Hulhumale’ Phase II. STELCO handed the apartments at a ceremony held on Saturday morning. Meanwhile, the company has yet to assign 52 of the remaining apartments from towers at a later occasion. The utility provider affirmed, these apartments were not handed since its to-be owners, have yet to sign on the official proprietorship agreement. Managing Director Mr. Ahmed Shareef confirmed getting remaining signatories…