Author: Mohamed Reehaan
The latest update from the Ministry of Tourism confirms that the total tourist arrivals as of 02nd February 2022 reached 139,555. According to the latest statistics, tourist arrivals to the Maldives so far observed a 43.7% increment when compared with the same period in 2021, during which the arrival total stood at just 97,089. However, when compared with the corresponding period of 2020 the tourist arrivals in 2022 was 27.68% below since the total number of tourist arrivals recorded for the period in 2020 reached 184,398. In addition to this, tourist arrivals for the review period was 15.90% below when…
Maldives President Ibrahim Mohamed Solih has officially inaugurated a special memorial enacted as a tribute to the former chairman of State Electric Company Limited (STELCO), the late Mr. Mohamed Rasheed. The special memorial for the former chairman, who had served in the utility sector for more than fifty years, was opened on Tuesday morning during a special ceremony held at STELCO headquarters. In his condolence message, the Maldives head of state noted on the numerous efforts, commitments and achievements made by the late Mr. Mohamed Rasheed in fostering and expanding electricity and utility services across the Maldives. Furthermore, President Solih…
Under the Japan Grant Assistant for Grassroot Human Security Project, the country’s government has signed with the Maldives government towards the grant of multiple ambulances. The signing between the state dignitaries took place on Monday afternoon, and under the agreement, the Japanese government will grant a total of eight ambulances to the Maldives. During the signing ceremony held at the premises of Ministry of Health, the agreement was signed by Minister of State for Health Dr. Shah Abdulla Mahir on behalf of the Maldives government and the Japanese Ambassador to the Maldives Mr. Takeuchi Midori signed on behalf of the…
Fairmont Maldives Sirru Fen Fushi unveils their latest, a series of pioneering environmental projects dubbed ‘The Sustainability Lab.’ The lab, which is a first of its kind in the Maldivian tourism scene is described as a hub of “eco-education” and will be responsible for turning plastic waste into “bespoke souvenirs and unique products, educate guests and empower local communities.” Moreover, Fairmont Maldives further stated that with the launch of the new sustainability initiative the resort aims to be as close to zero waste as it can with current and future technology improvements. The ribbon-cutting ceremony was graced by Minister of…
According to the latest updates from Ministry of Finance, the cumulative total of state expenditure has reached MVR1,430.6 million (MVR1.4 billion) as of 27th January 2022. Meanwhile, the cumulative total of revenues earned by the state inclusive of foreign grants for the same review period has reached a total of MVR987.1 million. Expenditure composition confirms 77% of the total concentrated towards recurrent spending and 23% of the total focused on capital expenses. On the other hand, revenue composition confirms 80% of the total earnings made through tax sources and the remaining 20% from non-tax sources. Both GST components (TGST and…
The first phase of the Bank of Maldives Community Fund has been announced, while the bank confirms of opening application window. Under the community fund, individuals or registered NGOs can access funds up to MVR50,000 to implement local projects in key areas of interest which include education, environment, sports, and community development. Similar to previous years, Bank of Maldives will award funding to a total of 20 projects under four phases in 2022 as well. Applicants can send in their proposals with supporting documents to [email protected] before 23:59hrs on 27th February 2022.
Kuda Vilingili Resort Maldives launches Green Globe Sustainability Initiative earlier on 03rd February 2022. The event was held to affirm the resort’s commitment to sustainable tourism, while the current Vice Chairman of Global Tourism Economy Research Centre and the former Regional Director for Asia and the Pacific of UNWTO Mr. Xu Jing inaugurated the event as chief guest. Moreover, the event was attended by Maldives Vice President Mr. Faisal Naseem, Minister of Tourism Dr. Abdulla Mausoom, and the Chairman of Kuda Vilingili Resort Maldives Dr. P. Mohamed Ali as guests of honor. The honorable guests planted native trees of the…
According to the latest Economic Update publicized by Maldives Monetary Authority (MMA), the country’s tourist arrivals grew by 70% in December 2021. The central bank’s statistics further confirmed that the tourist bed-nights in the last month of 2021 increased by 65% as well. Both improvements on tourist arrivals and bed-nights were compared with the corresponding month 2020. However, the growth is still below pre-pandemic levels while tourist arrivals rose to 164,284 in December 2021, registering a decline of 4% compared with 171,348 arrivals in December 2019. The annual increase in tourist arrivals reflected the “base effect of the slow pickup…
Telecommunication and internet service provider giant, Ooredoo Maldives schedules their Annual General Meeting for March 2022. During the announcement, Ooredoo Maldives further confirmed that the record-date or “books close” date for the AGM will be Thursday, 17th February 2022 at 14:00hrs. Furthermore, Ooredoo Maldives noted that all persons, including legal entities registered as shareholders of the company at the record date or “books close” date will be eligible to receive dividends. The shareholders eligible to receive dividends at the company’s AGM are expected to attend the event in person or via proxy, as well as participate and cast vote in…
Housing Development Corporation (HDC) announces new CSR opportunity for interested parties to develop ‘pocket parks’ across Hulhumale’. In a statement released by HDC, it had noted that the initiative comes as part of developing the satellite town that offers a “dynamic environment where residents can interact through open spaces.” Safe and accessible open spaces remain a key development focus in the design of Hulhumale’ as per HDC. Under the ‘Pocket Park’ initiative, miniature parks will be erected in specific areas of Hulhumale’ Phase I which will “provide interactive and digital features for resident’s use.” Moreover, these open spaces can be…