Author: Mohamed Reehaan

Maldives Transport and Contracting Company (MTCC) has signed on an agreement with the Ministry of National Planning, Housing and Infrastructure (MNPHI) for two large-scale developmental projects. According to the contracting corporation, MTCC has been contracted with the shore protection rectification project of Shaviyani atoll Komandoo and the connectivity project of Mathi Komandoo. The agreement was signed by MTCC Chief Executive Mr. Adam Azim and the Deputy DG Mr. Anwar Ali on behalf of the corporation and the ministry, respectively. Work scope includes reclamation operations of 16.7 hectares, construction of a 1520-meter revetment, a 353-meter groynes, a 112-meter geo-bag revetment and…

State Electric Company Limited (STELCO) has successfully concluded a managerial training program aimed at the middle-management employees of the corporation. The participants were awarded with certificate of completion for successfully following through the program. According to STELCO the program was oriented to focus on three major areas of corporate management which included; leadership skills, people skills and project management skills. The programs ran through three participant batches with a total of 45 employees from middle-management hierarchy participating in them. The training program is an initiative spearheaded by the corporation’s incumbent Managing Director Mr. Hassan Mughnee. Moreover, this marks the very…

A group of journalists from Japan arrived in Maldives on the invitation of Maldives Marketing and Public Relations Corporation (MMPRC) as part of the corporation’s tourism familiarization trip series. The Japanese journalists arrived in Maldives on Tuesday, 11th January 2022 and will be staying in the island nation until Monday, 17th January. This is first tourism familiarization trip organized by the tourism promoter for the current year. The delegation included journalists from highly popular and lauded news agencies and publications catering and operating in the Japanese market with a combined readership reach exceeding millions. According to Visit Maldives (MMPRC), the…

Maldives government earned a total of MVR2.03 billion for the month of December 2021 as per the latest updates confirmed by Maldives Inland Revenue Authority (MIRA). According to the publication, a total of 105.48 million out of the total state revenue for the review month were collected in United States Dollar (USD). This revenue collection in the review month is a 95.0% increment when compared with the same month in 2020 while MIRA claimed that the increment is resultant of surges in the collection of tax revenue sources such as; TGST, GGST, Green Tax and Airport Taxes. Meanwhile, tourist arrivals…

State Electric Company Limited (STELCO) announced that the corporation will be able to complete the upgrading works of Fulidhoo power distribution network before the end of January 2022. Under the project, STELCO will reportedly install 1,807 meters of power cables under ground which will be utilized to expand the network. Earlier, STELCO had installed a new STW300 generator in the island which is currently operational, incrementing the total power output capacity of Fulidhoo from 499 kiloWatts (kW) to 779 kiloWatts (kW). The new STW class generators are manufactured and assembled under the supervision of STEWO, the utility provider corporation’s workshop…

According to the most recent statistical updates from Ministry of Tourism, the Maldives has attracted a total of 24,527 tourists as of 05th January 2022. Surprisingly, this indicates a strong 56.4% growth in tourist arrivals during the current year when compared with the corresponding period in 2021 during which the arrival total reached just 15,680. Moreover, compared to the arrival figure of the same period in 2019, the arrival count in 2022 observed a growth of 10.3% as well. However, the total tourist arrivals in 2022 as of review date is below 10.75% when compared with the same period in…

Maldives Minister of Economic Development Mr. Fayyaz Ismail has claimed that significant changes will become apparent in the island nation’s economy in the upcoming days with price of US Dollars expected to become cheaper. The cabinet minister made the assertion while speaking at ceremony held on Friday at Komandoo to launch campaign efforts for a ruling party candidate running for the said constituency under the parliamentary seat by-elections. At the ceremony, minister Mr. Ismail had noted on various accomplishments of the incumbent administration during the past year including execution of water and sewerage projects over 100 residential islands. In addition…

State Electric Company (STELCO) signed an agreement with Maldives Airports Company Limited (MACL) last week to provide power to main airport island of the Maldives – Hulhule’. STELCO confirmed the news on Thursday, 06th January 2022 while the agreement was signed between the utility provider’s Managing Director Mr. Hassan Mughnee and the Acting In-Charge of MACL Mr. Ibrahim Thoha. At the signing ceremony, Mr. Mughnee emphasized on STELCO’s dedication and commitment to answering the requirements of the public and nation as a whole. Furthermore, he also asserted that the utility provider is one of the foremost contributors to the country’s…

State Trading Organization (STO) signs a memorandum of understanding (MoU) with Ministry of Youth, Sports and Community Empowerment to initiate a new apprenticeship program. The signing ceremony took place on 04th January 2022, Tuesday while the ministry’s State Minister Mr. Hussain Ismail, who officiated the signing ceremony attended the event alongside the ministry’s Deputy State Minister Mr. Mohamed Nasih. Meanwhile, Ms. Mariyam Nuzla, General Manager, People’s Operations Department of STO had attended the signing on behalf of the state-owned enterprise. The arrangement between the entities aim to ensure provision of apprenticeship and guidance to newcomers under the supervision of experts…

Velana International Airport (VIA) reports of a record air traffic movement in 02nd January 2022. According to the primary international air gateway of the Maldives, the airport recorded a total of 826 movements on Sunday earlier this week. The news was confirmed through the official Twitter handle of Maldives Airports Company Limited (MACL) in which the company attested that on Sunday, a total of 233 runway movements and 593 seaplane movements were recorded. Moreover, MACL had further attested that the previous record movement of air traffic was observed on 05th January 2020 during which the movement reached 811. While air…