Author: Mohamed Reehaan
Dhiraagu and Women in Tech Maldives have announced the registration for the fifth program of the Girls to Code series is now open. The fifth edition of the program will be targeting interested participants in Haa Alif atoll Dhidhoo, Dhiraagu said. The call for applications for this year’s program has been opened as part of marking the International Girls in ICT Day to further boost awareness and encourage participation. Girls to Code is a series initiated by Dhiraagu and Women in Tech Maldives to empower girls and women by teaching them how to code, with the objective to cultivate interest…
Maldives Association of Travel Agents and Tour Operators (MATATO) has challenged World Bank’s claim the country’s GDP was being pulled down by local guesthouses. According to World Bank in its recent South Asia Development Update (SADU) claimed the GDP growth has been reduced 0.5% from the original output forecast to 4.7%. The bank attributed this drop mainly to the shift in travelers from high-end luxury resorts to guesthouses. MATATO however, rejects this claim noting GDP’s decline cannot be attributed only to this one factor. In its Tuesday’s statement, MATATO said this decline primarily reflects on the sizeable gap between supply…
STO Constructions Solution on Tuesday, April 29, 2024, launched a special promotion of Pioneer brand cement products. Customers can purchase a 50-kilogram Pioneer brand cement bag for just MVR 90.00 during the promotional period. The standard selling rate of a bag is MVR 108.00, allowing customers to save MVR 18.00 per bag. STO said this promotion will greatly benefit construction companies, firms, contractors, individuals, and cement suppliers across the atolls. Moreover, for every purchase of MVR 1,500 and above, delivery to any of the permitted loading zones within Greater Male’ Area (GMA) is completely free. Europe’s most popular cement brand,…
The total revenue collection in the first quarter of 2024 stood at MVR 8.89 billion, reports Maldives Inland Revenue Authority (MIRA). According to MIRA, the quarterly revenue total is a 21.3% increment compared to the corresponding quarter last year, and a 19.5% above projections. This increase is attributed mainly to an increase in tourist arrivals for the taxable period of the first quarter (from December 2023 to February 2024) by 13.1% compared to the corresponding quarter. Taxable bed-nights subject to green tax reported via the green tax returns submitted for the quarter by 7.5% compared to the corresponding period last…
Ooredoo Maldives on Sunday evening, announced its strategic new partnership; the world’s foremost short-form mobile video platform; TikTok. The telecom provider said this collaboration aims to enhance user experiences for customers throughout the Maldives, and is a testament to Ooredoo’s commitment to innovation and customer satisfaction. With this new partnership, Ooredoo customers can now enjoy seamless access to TikTok’s platform through the company’s advanced infrastructure, with super fast internet speeds. Additionally, Ooredoo Maldives introduced exclusive data packs tailored for TikTok users at Sunday evening’s event. “We are delighted to announce our strategic partnership with TikTok, a collaboration that underscores our…
Bank of Maldives (BML) on Monday, reported the national bank generated an operating profit of MVR 708 million for Q1-2024, up 5.7% on the same period last year. The bank saw good business volumes across key sectors during the quarter, and loan book quality continued to improve with MVR 967 million in new loans to individuals and businesses during the period. Capital and liquidity remain solid and well above regulatory requirements, BML added. Total assets at the end of the review quarter stood at MVR 46.3 million. The bank’s network expansion and community investment program continued during Q1-2024 with new…
Villa Park, the luxury-tier tropical escape in South Ari atoll, has been bestowed with the Top Hotel Partner 2023 award by Schauinsland Reisen. The Schauinsland Reisen, is a leading German tour operator that provides services to the Canary Islands, the Balearic Islands, Greece, Turkey, Egypt and the Caribbean along with Asia and others. This award distinguishes Villa park as one of the top hotel partners globally, and highlights its dedication to providing outstanding service and guest experience. The Top Hotel Partner Award presented by Schauinsland Reisen underscores tourism and hospitality sector excellence by celebrating hotels that consistently deliver top quality…
Hard Rock Hotel Maldives announces the highly anticipated Summer Camp-Cation 4.0, combining “the exhilaration of a family vacation with an electrifying kids’ camp program”. The annual event promises to be the ultimate holiday experience for families seeking adventure and relaxation, available at the resort from July 01 to August 31, 2024. The Summer Camp-Cation at the Hard Rock Hotel Maldives embodies the spirit of “Play Hard, Pause Hard”, offering families the opportunity to connect, recharge, and make unforgettable memories together. The Summer Camp-Cation features a diverse range of activities designed to “ignite the imagination and unleash the creativity” of young…
The Minister of Finance Dr. Mohamed Shafeeq met with the Acting Director General of the Islamic Development Bank Institute (IDBI) Dr. Sami Al-Suwailem on Sunday. Besides the Minister of Finance, the Minister of Islamic Affairs Dr. Mohamed Shaheem Ali Saeed was in the meeting as well. During this meeting, the ministers discussed on the development of the Islamic finance sector in the Maldives. Dr. Al-Suwailem underscored the importance of human capacity development and the engagement of youth. Minister Shafeeq was accompanied by Hussain Sham Adam, Deputy Minister of Finance along with other senior officials of the ministry.
The government of Maldives confirmed on Sunday, the Flat Committee’s works will conclude before the development of the housing flats complete in Hulhumale’ Phase II. This was confirmed by the Chief Spokesperson of the President’s Office Heena Waleed during a press conference, where she responded to media questions about the social housing scheme that is currently sluggish. She noted that some of these flats and towers are still under development, Heena said the committee’s works are expected to conclude soon. “We noticed several issues from the feedback provided by ACC. Work on the flats have not concluded, but the committee’s…