Author: Mohamed Reehaan
Ooredoo Maldives has hosted their Small to Medium Business (SMB) Meetup on Tuesday, 28th June commemorating the occasion of International Micro, Small and Medium Enterprise (MSME) Day. To celebrate the day, Ooredoo Maldives invited several SMBs and local entrepreneurs to network, share ideas, brainstorm and exchange feedback as well as assist in forming new partnerships. The telecommunication and internet service provider asserts its belief that local SMBs play a vital part in the community and remains an active and instrumental economic contributor. The SMB Meetup aims to enable connectivity on Ooredoo’s strong nationwide network and provide innovative digital solutions. Ooredoo…
The council of Maafushi reveals plans to launch a floating waterpark ahead of the upcoming Eid ul-Adha celebrations. According to the council, the floating waterpark will remain open for 8 hours for the first three days following debut; with the opening time starting at 08:00hrs in the morning. To ensure safety of attendees, the council also affirmed installing lifeguard posts and appointment of lifeguards who will be active at the waterpark site. The new waterpark is situated close to the island’s children’s park “Maafahivathi”, and the project was sponsored by Dhonmanik Skyview Restaurant according to Maafushi council’s president Hassan Salah.…
Maldives state collected a total of MVR96.59 million in green tax for the month of May 2022, reported the Ministry of Finance. Green tax is levied on all tourism properties, at a rate of USD6.00 per day on tourist resorts, vessels and hotels and USD3.00 per day on guesthouses. All tourism properties in accordance with the Maldives Tax Act are liable for green tax automatically upon registration of the properties at Ministry of Tourism. According to the latest Green Fund Report from the Ministry of Finance, Kaafu atoll collected the highest revenue in green tax; which was reported at MVR10.2…
One of the leading hardware retailers in the Maldives, Veligaa Hardware announces an exciting new promotion; “Bodu Sale 2022” from their retail outlets. Under the “Veligaa Bodu Sale 2022” promotion, customers will be able to experience price discounts of up to 50% on select-items both on retail purchase from Veligaa’s stores and its official website. This promotion also extends to Veligaa’s official viber channel as well. Customers stand to win immediate gift prizes for their purchases from their visits to the stores. In addition to this, Veligaa promises a grand prize to be won at the end of the promotion.…
Maldives Marketing and Public Relations Corporation (MMPRC) and local destination management firm Resort Life Travel has signed a partnership agreement to promote the island nation’s tourism in multiple tourist markets. Under the joint agreement, the partners will promote Maldives as a tourism destination in the European market along with Russia and CIS, and Central and Eastern European territories. Mr. Thoyyib Mohamed, the Chief Executive Officer and Managing Director of MMPRC signed on behalf of the top tourism promoter of the island nation while Mr. Mohamed Shaaz, the Chief Executive Officer and Managing Director of Resort Life Travel signed on behalf…
Bank of Maldives has announced the winners of the bank’s Startup Grant scheme on Tuesday, 28th June. The Startup Grant was announced earlier in January of the current year, aimed at emerging entrepreneurs to help in funding their ventures. Under the scheme, the national bank of Maldives will be funding up to MVR500,000 depending on the depth and intensity of the requirements. The winners of the Startup Grant are; Mohamed Nazlee and Aishath Shamma Mohamed (NirisS Embroidery) – expanding the existing embroidery business Aminath Irasha (Kids Zone) – new venture teaching woodcraft with a conducive learning environment for children with…
According to Ministry of Finance in their most recent Weekly Fiscal Developments, the cumulative total of state expenditure has reached MVR15,954.4 million (MVR15.95 billion) as of 16th June 2022. On the other hand, the cumulative total of state revenues inclusive of foreign grants by the same review period reached MVR12,319.1 million (MVR12.3 billion). State has spent 75% of its budget total for 2022 on recurrent expenses and the remaining 25% on capital expenditure. Meanwhile, 70% of the state’s earnings came through tax sources and the remaining 30% from non-tax sources. Due to the higher expenditure of the government compared to…
Maldives Transport and Contracting Company (MTCC) launches its Raajje-Transport Link (RTL) high-speed ferry services in Haa Alif atoll. In order to commence operations in the northern-most atoll of Maldives, MTCC has already dispatched five of its RTL high-end speed boats that will be used as ferries in the service. Meanwhile, with the commencement of operations in Haa Alif atoll, two out of the three atolls under zone-1 are currently covered under the Integrated National Public Ferry Network. Furthermore, MTCC confirms that operations under phase-1 of the initiative will next expand to Shaviyani atoll; the last in Phase-1. The integrated high-speed…
Thailand’s flagship carrier Bangkok Airways recommence their flight operations to the Maldives following the hiatus amid Covid-19 pandemic. The airline’s flights will operate between Bangkok’s Suvarnabhumi International Airport and Velana International Airport (VIA) of the island nation. Maldives Airports Company Limited (MACL) had welcomed the recommencement of Bangkok flagship carrier’s operations to the island nation via a tweet. Meanwhile, the airline will have scheduled flight landings on Sundays, Mondays, Wednesdays and Fridays of every week. This also marks yet another major international carrier recommencing its operations to the tourism-heavy archipelago following a pause in its operations due to the global…
State Electric Company Limited (STELCO) announced that parts of Maafannu district of Maldives capital city will experience power outages on Sunday, 26th June. According to the utility provider, it will be conducting a transformer upgrade work between 13:00hrs and 15:45hrs on Sunday afternoon. During the upgrade process, some parts of the district will experience power outages for approximately 45 minutes. The areas that are likely to experience this include; Izzuddeen Magu Majeedhee Magu Handhuvaree Hingun Shaheed Ali Hingun Muniya Magu Flooniya Magu Haveeree Hingun Meanwhile, the utility provider has apologized to its consumer base for the inconvenience this will cause.