Author: Mohamed Reehaan

Maldives government revenue collection stood at a total of MVR3.39 billion by the end of the second quarter of 2021. Moreover, Maldives Inland Revenue Authority (MIRA) reports the total collection for the period is a 238.7% increment in comparison with the corresponding quarter of 2020. In addition to this, the collected total revenue during the review quarter has been a 32.0% improvement over initial forecasts for the period as well. According to MIRA, the quarterly revenue exceeded the initial forecasts mainly due to the increase in Tourism Goods and Services Tax (TGST) during the review quarter. Breaking down the state…

Maldives Airports Company Limited (MACL) has reported the correct developmental progress of the Velana International Airport expansion project. Earlier, on 04th August a few of Chinese local news outlets had incorrectly reported on BUCG, the contracted party, fully completing the entire development of VIA’s new seaplane terminal. However, MACL on Monday, 16th August, released a press statement confirming the news to be untrue while asserting that the contractor had only completed the development of the new lounge area.

Monday, 16th August – Maldives Ports Limited (MPL) has announced integration of online-payment access for services used by importers through their customer portal “My Bandharu.” This new feature introduction comes as part of the corporation’s strategy to modernize port’s services with the concentrated aim of providing “speedy, convenient services.” Moreover, MPL’s continued efforts of digitizing and improving financial services aim to maintain compliance with the directives of Ministry of Finance to “reduce dependency on paper money, coins, cheques and other forms of bank-notes.” Effective from Sunday, 15 August 2021, MPL’s “My Bandharu” portal will feature the online-payment services which the…

The world was taken over a by a storm with a new form of financial system back in 2008 when Bitcoin manifested out of the ‘digital void.’ Since then, nothing has ever been quite the same. While Bitcoin continues to soar at all-time high levels after breaking resistance in 2020, other cryptrocurrencies such as Ethereum, Litecoin or even the Dogecoin have managed to inflate in its supposed ‘intrinsic’ value. Meanwhile, notable banks have even adopted the cryptocurrency blockchain technology. For instance Barclays, Germany’s SolarisBank or even Goldman Sachs are some of the major names that have adopted into the digital…

Sunday, 15th August – the online e-commerce platform from Ooredoo Maldives, Moolee has come up with an exciting new offer. According to the e-commerce platform, customers who shop on Moolee will have the chance to win a gift-bundle worth MVR3,000 along with a Samsung Galaxy Fit 2 and a Samsung Galaxy Buds Live as well as a coffee mug with Moolee’s brand imprint. The popular e-commerce platform powered by Ooredoo Maldives debuted in August 2009 and since then have made over 10,000 deliveries across the country. Moreover, the platform is home to some branded products and items, cataloged through 14…

Male’ City Council reveal plans for prospective street-food establishments in the country’s capital city region. Hints of preliminary development of such a plan was revealed on Saturday evening, by Male’ City’s Mayor Dr. Mohamed Muizzu during the council’s meeting with residents of Henveiru district. Furthermore, the city’s mayor had detailed on the council’s plan of enacting a street-food establishment at the empty plot east of Dharubaaruge Convention Center. Speaking about the feasibility and potentiality of such a concept in a food outlet, the mayor claimed of positive demand for such an establishment among residents of the capital city and the…

According to the Ministry of Tourism, the Maldives government is seeking options of directing international arrivals to southern atolls. Moreover, according to Minister of Tourism Dr. Abdulla Mausoom the state’s initiative will seek direct international flight landings at Addu and Huvadhoo atolls in a bid to expand tourism, and expand international airport venues apart from Velana International Airport (VIA). During his visits to southern atolls which included Addu, Huvadhoo and Fuvahmulah City, Minister Dr. Mausoom had visited various tourist establishments operating in these areas. Furthermore, the minister had met with tourism entrepreneurs and other industry affiliates to assess the magnitude…

Saturday, 14th August – Gulf Air announces its latest development to flight operations, involving a daily flight landing at Velana International Airport (VIA). The commercial carrier is expected to commence its daily flight operations to Maldives from Sunday, 15th August onward. Moreover, the airline’s Acting Chief Executive Waleed Al-Alawi confirms their decision reflects on the increment of tourist demand to travel to the island nation through the airline. Earlier in 2020, the Gulf Air paused their operations to Maldives following the island nation government’s decision on a border closure that lasted for nearly four months. Moreover, Gulf Air was among…

One of the leading local insurance agencies in Maldives, Dhivehi Insurance celebrated five years of continued service on Saturday, 14 August 2021. The company on their official Twitter handle expressed on their continued service for five years as well as the relative growth they experienced since inception. Moreover, Dhivehi Insurance had offered gratitude towards its contributors, namely staff and clients. Moreover, in a statement the company’s Managing Director Ahmed Ameel had also thanked the staff, shareholders and directors of Dhivehi Insurance for their tireless efforts and contributions. “Dhivehi Insurance Company’s journey has been entwined with our yesterday, today and tomorrow,…

Saturday, 14th August – Maldives Transport and Contracting Company (MTCC) reports on the latest updates of Alif Alif Ukulhas harbor development project. As per the contractor, they are currently executing the construction of both the quay wall and the jetty structure which fall under the project scope while the overall project observed 62% progress. Moreover, MTCC had affirmed on completing the installation of precast concrete blocks required for the quay wall structure prior to the actual structure’s construction. Furthermore, the contractor is executing the dredging operations for the harbor basin, which is currently at 57% completion. The project scope include,…