Author: Mohamed Reehaan
The Maldives Marketing and Public Relations Corporation (MMPRC), under its Visit Maldives brand, is participating in the ITB Berlin 2024, the largest travel trade event in the world. In this year’s edition of the ITB Berlin, Visit Maldives will promote the Maldives tourism brand alongside 214 representatives from 107 industry partners. The largest tourism fair in the world, kicked off on Tuesday, March 05, 2024 and will last until Thursday, March 07, 2024. Participation in the ITB fair is also aligned with MMPRC’s tourism and brand marketing efforts in the European market, especially promoting the latest travel and trade updates…
Maldives President Dr. Mohamed Muizzu has highlighted the positive impact of his administrations’ decision to cease printing new banknotes. While speaking with Dhaalu atoll Meedhoo locals on Tuesday evening, March 05, 2024, during his visit, President Dr. Muizzu said that following the decision to stop overdraft, the exchange rate of US dollar has started to dip. The Maldives head of state underscored his administration stopped printing money as it would push the country towards bankruptcy. He also added that continual of money printing would have hiked US dollar exchange rates at unstable levels. While the Maldives Monetary Authority (MMA), has…
Maldives’ fish is an expensive commodity in the world in terms of quality and sustainable fishing practices, said the General Manager of Maldives Industrial Fisheries Company (MIFCO) Muaz Ali. While speaking to a program aired by PSM News, Muaz said that MIFCO is seeking potential international avenues where Maldivian fish products can be sold at premium prices. MIFCO is currently geared to export the first shipment to a high-tier market, where the Maldivian fish will be sold at premium rates. Muaz said Maldivian fish products were previously challenged with not being sold at its actual price, and added that MIFCO…
Villa Mart announces a special promotion for Ramadan this year. The “Roadha With Villa Mart” will launch on March 10, 2024 lasting until April 10, 2024. Customers stand to win MVR 500 worth vouchers during the promotional period, and they are required to shop from any one out of the five Villa Mart outlets during Ramadan. Upon shopping from any of the Villa Mart outlets, customers automatically get enrolled for the MVR 500 gift voucher lucky draw.
Maldives Ports Limited (MPL) has announced the expert speakers for the debut edition of the Maldives Maritime Conference. With the conference scheduled for March 06, 2024, at the Villa Nautica resort, MPL has announced two top-level officials Spain will be included in the panel of expert speakers. MPL announced the inclusion of Eva María Pérez García, the Innovation Promotion Director of Fundación Valencia Port and Raúl Cascajo Jiménez, the Head of Environmental Policies at Valencia Port Authority as the expert speakers. The Maldives Maritime Conference 2024 is held in collaboration with Villa Nautica as the hosting partner, State Trading Organization…
State Electric Company (STELCO) has announced expanding the infrastructure of Kaafu atoll Gulhi powerhouse. Besides an extension of the powerhouse premises, STELCO reports it has installed an additional power generator to cater to the rise in demand and consumption of electricity; especially during Ramadan. With the generator commissioned and installed, the power output capacity of Gulhi has increased from 1,008 kilowatts to 1,184 kilowatts. The utility provider has been pushing forward several positive new changes in order to ease the convenience of customers. Moreover, Maldives President Dr. Mohamed Muizzu has announced that the electricity and water bills will be capped…
Dhiraagu has achieved the “Maldives’ Broadband Telecom Company of the Year” titled at the 2024 Asian Telecom Awards. The Asian Telecom Awards recognizes outstanding achievements within the South Asian region’s telecommunication industry. The accolade bestowed to Dhiraagu recognizes the company’s efforts in expanding and enhancing the Maldives’ telecommunications and digital infrastructure. Dhiraagu has also been successful in addressing the geographical challenges of the country while ensuring high-speed mobile and internet connectivity. “We are honoured to receive the Maldives’ Broadband Telecom Company of the Year award at the Asian Telecom Awards 2024,” said Ismail Rasheed, the CEO and Managing Director of…
Privatization and Corporatization Board (PCB) has issued a directive on disbursing Ramadan allowances to employees on Sunday, March 03, 2024. According to the PCB, as per the amendment to Article 4 of the Act No: 2/2008 (Employment Act), all Muslim employees are subject to a Ramadan allowance of MVR 3,000. For individuals employed under multiple employers, they are subject to this allowance from the main employer; with the rest of the employers refraining from disbursing the allowance. In addition to this, employees on paid leave (on scholarships) or on no-pay leaves at the time when Ramadan commences, will not be…
The Deputy of the Indian High Commission in the Maldives Mayank Singh met with officers of Maldives Customs Service. He met with the 30 officers of Customs who will be attending the “Intelligence, Information and Investigation” training organized by the National Academy of Customs, Indirect Taxes and Narcotics (NACIN). The training program will be held from March 04, to 08, 2024 at Faridabad, India.
Maldives Industrial Fisheries Company (MIFCO) will be acquiring a new vessel with the capacity of storing 3,000 metric tons, in a bid to enhance exporting capacity. The new vessel is scheduled to arrive in the Maldives in March, and will berth at Kooddoo upon arrival. MIFCO aims to resolve capacity limitations faced by Maldivian fishers, and subsequently expand exportation opportunities to drive up the fishing economy and market the Maldivian products in new areas; including tapping into potential European markets. Muaz Ali, the General Manager of MIFCO noted the corporation’s efforts to establish high-value foreign markets for Maldivian fish. To…