Author: Mohamed Reehaan
The national carrier of the island nation, Maldivian Airlines is geared up to commence direct flights between Maafaru International Airport and India’s capital New Delhi. Moreover, the national Maldives carrier is prepared to commence the direct flight operations on 21st October 2021, with three weekly flights. According to the airline, the departure from Maafaru International Airport is scheduled on Tuesdays, Thursdays and Saturdays every week. Furthermore, this makes it the first time since Covid-19 pandemic that the national carrier is commencing its international flight operations. Meanwhile, the airline reports a fare price of USD285 for one-way trips and USD312 for…
Ministry of Finance has revealed on commencing another round of Treasury Bill (T-Bill) sale in order to adjust state expenses. Moreover, the T-Bill sale will aimed towards internal markets and will proceed on a weekly basis. According to the state body, the state will be selling T-Bills worth MVR135 million with a 28-day repayment plan along with MVR170 million T-Bills with a repayment of 98 days. In addition to this, state will sell MVR55 million worth T-Bills with a repayment period of 182 days and MVR368 million worth T-Bills with a repayment period of 364 days. Furthermore, the interest rates…
Monday, 20th September – Maldives Transport and Contracting Company (MTCC) reports on the latest update of the ferry terminal development project at Haa Dhaal atoll Hanimaadhoo. Moreover, as per the contractor, they have commenced the foundation footing works of the terminal building which had commenced on 19th September, Sunday. The ferry terminal project developed at Hanimaadhoo is part of the phase-1 of the “Integrated National Public Ferry Network Project” with the aim of connecting the residential islands and atolls of the country via a high-speed ferry network. Furthermore, the project will proceed through a total of three phases of which…
The Spanish flag carrier airline, Iberia reports on continuing their flight operations to Maldives during tourism peak season. Moreover, the airline added Maldives into its winter season routes following the success of chartered flights to the island nation during the summer season earlier in 2021. Furthermore, Iberia operated flights to the tourism-heavy country in July as well as through August of this year, while the airline will operate two weekly flights from Madrid to Velana International Airport from December 2021 to February 2022.
According to the latest updates from Ministry of Tourism the tourist arrival to Maldives so far in September observed an increment of 1,277.8% when compared with the same period in 2020. Moreover, the ministry reports that the total tourist arrival to Maldives as of 15th September 2021 reached 817,387. Meanwhile the total tourist arrival to the island nation from 01st to 15th September reached 61,421 observing a 7.6% growth in comparison with the same period in 2019 where the arrival count stood at 57,079. In 2020, the total tourist arrival during this period stood at just 4,458. Furthermore, the average…
One of the largest private carriers hailing from Bangladesh, the US-Bangla has confirmed on their decision to commence flights to the Maldives. Moreover, according to the airline direct flights between Dhaka and Velana International Airport (VIA) will commence sometime in the coming November 2021, with four weekly trips set. Furthermore, the airline is set to operate their Boeing 737-800, 189-seater commercial aircraft as per US-Bangla. Commenced in 2014, the US-Bangla airline is widely regarded and recognized as one of the best private airlines originating from the South Asian country while it also boasts the largest fleet for a Bangladeshi origin…
Maldives government is hopeful to bounce back from the economical downfall and make full economic recovery by 2023. As per the Ministry of Finance in their medium-term fiscal plan, the island nation will require two more years to achieve economic levels observed pre-pandemic. As such, the ministry highlighted that the state expects to make a revenue of MVR21 billion in 2021 and MVR22 billion in 2022. Moreover, the Maldives government made a revenue of MVR23 billion in annual terms prior to the pandemic, which reduced by MVR8 billion in 2020 owing to the Covid-19 global pandemic. Meanwhile, the ministry in…
The Hard Rock Hotel Maldives has won in the category of The Best Luxury Beachfront Resorts in Maldives at the Luxury Lifestyle Awards 2021. Situated at the CROSSROADS Maldives, developed in Emboodhoo Lagoon in South Male’ Atoll, the five-star luxury slip lies just 20 minutes away via speedboat from Male’ International Airport. Moreover, the Hard Rock Hotel Maldives opened on September 2019 at the CROSSROADS Maldives, welcoming in a new-age of travelers and setting the trend for music-centric tourism experience in the island nation. Furthermore, the resort boasts 178 spacious guestrooms which include family suites beach villas and one to…
Maldives Customs Service has opened their North Regional Office at Haa Dhaal atoll Kulhudhuffushi City. Moreover, during a special function held on Friday, the regional office was officially opened by Minister of Defense Ms. Mariya Ahmed Didi. As per the minister, under the state’s decentralization efforts the new regional office at Kulhudhuffushi City will reduce time consumed in cargo clearance. Furthermore, the minister also noted on possible drop on logistical charges which would allow customers to receive imported goods at their best rates. “This will provide ease for entrepreneurs while it would reduce the traffic in Male’ Commercial Harbor accordingly…
Thursday, 16th September – Maldives Transport and Contracting Company (MTCC) has reported on the latest progress of the harbor development project at Haa Dhaal atoll Nellaidhoo. As per the contractor, the work on design and build of the harbor is underway with an overall 87% progress. Moreover, the project scope entails dredging and reclamation operations spanning 62,863 cubic meters along with the construction of a breakwater, quay wall and revetment measuring 331 meters, 204 meters and 50 meters respectively. In addition to this, MTCC will construct a 2,102 square meter paved area along with the installation of navigation and street…