Author: Mohamed Reehaan

Maldives Airports Company Limited (MACL) announces it will disburse MVR25,000 each to its employees. The bonus is disbursed to the company’s employees from retained profits of the fiscal year of 2021. This marks the first time since two years MACL is disbursing bonuses, which halted in 2020. During the previous round of bonus pay in 2019, employees each received MVR7,870.79 while bonus payment this year it is thrice this amount. Employees who were employed at MACL for the full fiscal year of 2021 is subject to the bonus. Apart from this, employees who worked for a duration of six months…

Oil prices traded lower Monday, 15th August, in light of new economic data from China that renewed concerns for a global recession. Brent crude futures dipped by USD3.05, a 3.1% drop, trading at USD95.10 per barrel after dropping 1.5% on Friday, 12th August. On the other hand, US West Texas Intermediate (WTI) slipped 2.9%, a USD2.68 drop hitting USD89.41 a barrel falling from 2.4% during previous session. Moreover, Brent futures reach levels close to where it stood when Russia’s attack on Ukraine was imminent. WTI futures hit its lowest on Monday since February 2022. China’s central bank cut lending rates…

Bank of Maldives (BML) has once again stressed its customers to remain vigilant owing to new wave of scam calls. The bank has advised its customers against sharing sensitive information with individuals calling under various pretexts. BML stressed out its policies regarding contacting individual customers. According to BML, the bank will not contact its customers requesting sensitive information related to personal banking accounts. Public Relations Manager of the bank, Mohamed Saeed had warned against the scam calls. He had noted on several customers losing significant amounts from their savings. Scammers often contact via direct phone calls, or via phishing mails.…

IMTM Pvt. Ltd reports its much-anticipated annual International Maldives Travel Market (IMTM) 2022 is scheduled for 7th and 8th September 2022 at the Manhattan Business Hotel. The annual B2B fair promotes inbound and outbound tourism in the Maldives. IMTM actively markets the Maldives as a world-class MICE destination. This year marks the return of the travel trade event’s fifth edition. The travel fair unites all leading tourism industry members from across the globe. The event invites all foreign tour operators and travel agents, and other international buyers as well local stakeholders. Tourist resorts and guesthouses will showcase their products at…

Horizon Fisheries, popular for its “Maandhoo Mas” canned products, launches two new products. The fisheries company introduced “Zero Chili” non-spicy ‘mas huni’ (a Maldivian variant of fish sambal) and the “Extra Spicy” variant. “Mas huni” made usually with grated coconut mixed with cooked and seared fish, is a local delicacy popular among the Maldivians and recently among foreign travelers. Horizon Fisheries introduced the two new “Mas huni” products at the Marine Expo 2022 held from 11th until 13th August 2022.

Maldives Broadcasting Commission (BroadCom) signs with sponsors of the first ever “Maldives Broadcast Awards 2022.” Signing took place on Sunday afternoon, 14th August 2022 at the conference hall of H. Meerumaage. The upcoming event’s sponsors, individual awards sponsors and other partners attended the party. The sponsors include; Associate Partner – Maldives Transport and Contracting Company (MTCC) Official Sponsors – State Electric Company (STELCO) and Fuel Supplies Maldives (FSM) Audit Partner – Crowe Maldives Hosting Partner – Housing Development Corporation (HDC) Digital Partner – Ooredoo Maldives In addition to the aforementioned sponsors, State Trading Organization (STO), Maldives Ports Limited (MPL), Maldivian…

Trans Maldivian Airways (TMA) has welcomed its newest addition to their ever-expanding fleet. The newest inclusion comes ahead of the tourism peak season. The largest seaplane operator in the world brought a new De Havilland DHC-6 Twin Otters. This marks the 59th addition to the fleet. The newest addition landed at Velana International Airport (VIA) in Friday, 12th August 2022. The seaplane operator has been extending its fleet to keep up with the growing demand for seaplanes. The demand soared thanks to rising number of tourist arrivals to the Maldives along with new resort openings. TMA had already brought three…

Soneva confirms it will be adding Bitcoin and Ethereum – two of the most popular cryptocurrencies – as new payment options, across its properties in the Maldives and Thailand. Cryptocurrencies are largely popular among younger investors, entrepreneurs and businesses people. The introduction of crypto payment options aim to cater to the younger affluent travelers. In addition to this booking reservations at Soneva properties, crypto payment option extends to Soneva Villa Ownership, the first such scheme offering real estate to foreign buyers in the Maldives. Soneva has partnered up with TripleA, a cryptocurrency payment solutions provider and Pomelo Pay, a payment…

Ace Travels Maldives, one of the leading travel management partners in the Maldives, announce special offers on return fares to destinations across the world. The latest promotion include special fare rates to popular destinations among locals, including; Colombo Bangkok Kuala Lumpur Istanbul Dubai In addition to this, the offer extends to other key destinations including India. Ace Travels Maldives caters to a wide range of travel and destination services including, airline tickets, medical travel, and holiday packages among other plans.

Jalboot Marine Services Pvt Ltd announces new internship program for youth entering the workplace. Participants will receive training from various areas related to hospitality industry. Jalboot confirms the internship program will run for a duration of six months. Participants will receive a monthly allowance for the duration of their training. Areas of focus in the internship program include; Water sports Diving Excursions Marina operations Transportation Administration Finance and marketing Interested youths are expected to submit filled registration forms to Jalboot before 20th August, 2022.