Author: Mohamed Reehaan
Maldives Marketing and Public Relations Corporation (MMPRC) has promoted the Maldives tourism industry, along with industry partners, at this year’s WTM Latin America (LATAM). The WTM LATAM, one of the largest B2B travel and tourism events in the Latin America, was held from April 15 to 17, 2024 in Brazil. The event attracts travel and tourism businesses, industry stakeholders, tour operators, travel agents and others involved in the Latin American and global tourism activities. MMPRC participated in the event to promote the Maldives as a top-of-the-mind tourist destination among Latin American and other tourist markets. Besides this, MMPRC and industry…
The cumulative total expenditure of the government reached MVR 10,765.4 million (MVR 10.8 billion) as of April 11, 2024. According to the Ministry of Finance, the cumulative total of state revenue inclusive of grants stood at MVR 10,031.7 million (MVR 10.03 billion) by the same review date. The overall balance for the period is a deficit of MVR 733.7 million. As of the review date, the cumulative total tax revenues reached MVR 8,355.7 million (MVR 8.4 billion) and the cumulative total of non-tax revenues reached MVR 1,630.0 million (MVR 1.6 billion). In the corresponding period last year, cumulative total of…
The ground breaking ceremony for the development of a new 50-bed regional hospital in Meemu atoll Muli was held on Saturday, April 20, 2024. At the ceremony, ground breaking for the new hospital was initiated by the State Minister of the Ministry of Health Ahmed Gasim and the Chief Executive Officer of Maldives Transport and Contracting Company (MTCC) Abdulla Ziyad. The Meemu atoll capital consists a population of 1,000 locals. Muli is also the socio-economic hub in the atoll for the other islands. The current hospital building in Muli has become worn down over time, and is in need of…
Maldives Marketing and Public Relations Corporation (MMPRC) on Thursday, announced the participation window extension for ITB China 2024. According to MMPRC, the deadline to participate in one of the largest travel trade fairs in the Asia, has been extended until 13:00hrs on April 25, 2024. ITB China is a leading B2B trade show focusing on the Chinese travel market, and will be held at the Shanghai World Expo Exhibition and Convention Center from May 27 to 29, 2024. Through participation, MMPRC aims to maintain destination momentum in the Chinese traveler market; which has bounced back to reclaim top source market…
Under the vision of Maldives President Dr. Mohamed Muizzu in enhancing the domestic aviation industry and services, the management and operations of Laamu atoll Kadhdhoo Airport has been brought under Regional Airports Company Limited (RACL) effective April 16, 2024. In accordance with the presidential decision, RACL will now become the 100% shareholder of Kadhdhoo Airport; one of the first domestic airports in the Maldives. Earlier on April 11, 2024, Maldives government signed a memorandum of understanding (MoU) with China’s CMCE towards upgrading Kadhdhoo Airport into an international one. RACL reports that is now locked in preparatory works for management takeover…
Minister of Economic Development and Trade Mohamed Saeed reportedly said the Maldives will soon have the option to settle import payments using Chinese renminbi (RMB). Reported by Chinese media Xinhua Net, the confirmation was made by the Maldives minister highlighting the island nation government’s objective to diversify its payment options. Minister Saeed reportedly said that adding an additional currency to settle payments would strengthen the Maldivian Rufiyaa (MVR) against the US Dollar (USD) by 30 to 40% in the coming months. Additional to this, the minister announced plans by the government to introduce prominent e-wallets in the Maldives, including those…
According to the Maldives Fund Management Corporation (MFMC), the Hankede Integrated Tourism Development Project will feature a wide array of real estate establishments. While the groundbreaking ceremony for the project was held by MFMC on Monday, the physical works were officially inaugurated by the Minister of Homeland Security and Technology Ali Ihusan. The first-of-its-kind tourism initiative in the Maldives, Hankede will reportedly feature multiple types of real estate establishments ranging from 2 grand hotels, 2 deluxe hotels, 10 boutique hotels, 4 guesthouses, 64 serviced apartments, and 17 beach villas. This Addu City integrated tourism project will also feature other support…
Maldives state earned a total revenue of MVR 2.94 billion in March 2024, reports the Maldives Inland Revenue Authority (MIRA). From the total earnings for the review month, MIRA said 119.67 million was earned in US dollars. Moreover, the total earnings in March 2024 was up 34.4% compared to the same month in 2023, during which earnings stood at MVR 2.19 billion. MIRA said this increment was mainly due to the increase in the collection of the following income sources; Bank Income Tax TGST Tourism Land Rent Non-resident Withholding Tax Additionally, payments related to the upcoming deadlines of Bank Income…
Maldives Marketing and Public Relations Corporation (MMPRC) along with six industry partners, promoted the breathtaking underwater seascapes of the Maldives in the SouthEast Asia (SEA) market at the ADEX Ocean Mission 2024. This year’s ADEX Ocean Mission was held from April 12 to April 14, at the Suntec Singapore Exhibition and Convention Center, Singapore. With a history spanning 26 years, ADEX is the biggest and longest-running dive expo in Asia, and is considered to be one of the industry’s “must-attend” events. ADEX brings together distinguished VIPs and speakers from across the globe including scientists, marine conservationists, underwater photographers, videographers, and…
Maldives Marketing and Public Relations Corporation (MMPRC) announced the island nation has been awarded 3rd place in the “Best Area Overseas Division” and 2nd place in the “Best Overseas Destination I Want to Visit for the First Time” at the Marine Diving Awards 2023. Marine Dive Fair is Japan’s largest comprehensive diving fair, which has been leading the diving scene in Japan for over 50 years. The Marine Diving Fair is one of Asia’s largest SCUBA diving exhibitions, and the Marine Diving Awards are determined by the online vote for divers across Japan. Rankings are determined after a six-month voting…