Author: Mohamed Reehaan
State Electric Company Limited (STELCO) has decided to conduct an energy audit owing to significant increment in utility bills from Greater Male’ residences. STELCO Managing Director Hussain Fahmy said that after review, 92% of the bills declined, but 6% of Male’ households and 15% of Hulhumale residences showed significant discrepancies. “Generally, we receive electricity bill-related complaints every month, but we received comparatively fewer complaints this month,” Fahmy said during a press conference that highlighted the recent surge in utility bills. He added that it was prudent to raise awareness among consumers with regards to the factors contributing to increase in…
Maldivian, the flagship carrier of the island nation, has announced seamless connection between the airline’s early morning flight to Gaafu Alifu Kooddoo and RTL ferry service. According to Maldivian, this integration will enhance convenience and comfort for passengers traveling to Kooddoo, Gaafu Alifu, and surrounding atolls. The airline added that passengers on Maldivian’s early morning flight Q2260 departing for Kooddoo will have the option to connect directly to RTL ferry that departs at 09:30hrs. This integration of the RTL ferry service into Maldivian’s routes is a testament to the airline’s commitment to enhancing passenger experiences and dedication to improving seamless…
The Maldives state collected a total revenue of MVR 5.84 billion during the second quarter of 2024, reports the Maldives Inland Revenue Authority (MIRA). According to MIRA’s second quarter statistics, revenue collection for the review quarter is a 12.6% jump compared to the same quarter last year, but a 10.7% decline compared to initial projections. MIRA said the review quarter’s earnings increased owing to the 5.2% increment in tourist arrivals from March to May 2024 compared to the same period last year. The taxable bed nights subject to green tax, reported via green tax returns submitted for Q2-2024, increased by…
Dhiraagu has announced its partnership with the Institute of Chartered Accountants of the Maldives (CA Maldives) for the Maldives Accountants Forum (MAF) 2024. MAF is regarded as an ideal platform for professionals to collaborate, share knowledge, and engage with industry stakeholders, reaffirming the commitment to professional development and trust-building within the Maldivian accounting fraternity. On the inaugural day of the forum, Dhiraagu CEO and Managing Director, Ismail Rasheed, delivered a keynote speech on the topic of “The CFO as an Innovator: Leading in the Age of AI and ESG,” which is in line with this year’s theme of focusing on…
State Electric Company Limited (STELCO) Managing Director Hussain Fahmy has said the utility provider hopes for the implementation of President Dr. Mohamed Muizzu’s economic policies. He said this in a social media post, noting that the corporation continues to strive ahead in its commitment to serve the public with fast and reliable services. In the post, Fahmy said he continues to observe STELCO’s operations to find areas that require improvement and subsequently making adjustments to solve them. Besides this, Fahmy praised the hard work and diligence of STELCO’s staff, and acknowledged their dedication to the craft. While thanking STELCO employees,…
Maldivian has introduced lounge-booking services for domestic passengers. With the lounge access add-on now extended to domestic travelers, they now can enjoy comfort and relaxation while they wait for their domestic flights, added Maldivian. The national carrier’s lounges offer a host of amenities including complimentary Wi-Fi, a variety of food options, refreshing beverages, comfortable seating, and private shower rooms in selected lounges. The lounges include Moonimaa Lounge in Velana International Airport (VIA), Kashimaa Lounge in Dharavandhoo Airport and Kaani Lounge in Ifuru Airport. Interested passengers can book the lounges 4 hours ahead of their scheduled departure. Passengers can easily book…
Fenaka Corporation has reported a profit of MVR 7.4 million in 2024 second quarter. While speaking at the press conference on Thursday, Muaz Rasheed, the Managing Director of Fenaka, said the company was at a loss of MVR 24.7 million when the current management took charge of the company in the final quarter last year. Muaz said the company made a profit of MVR 4.2 million in the first quarter of 2024, compared to the preceding quarter’s retained earnings. This streak continued into the second quarter with the profit of MVR 7.4 million. The Fenaka Managing Director added that the…
The Ministry of Climate Change, Environment, and Energy has signed a memorandum of understanding (MOU) with the Group of Earth Observations (GEO) to commence “The Global Ecosystem Atlas Accelerator for the Maldives” project. The MOU, underlines the commencement of the first-ever official project to develop an atlas on the Maldivian ecosystem and topology. This initiative, highlights the ministry, is poised to elevate the various infrastructural and urban developmental projects across the Maldives as well as enhance environmental sustainability practices. The Atlas project is expected to provide a new tool for the government and affiliated environmental organizations to strengthen its current…
The tourist arrivals to the Maldives so far this year is up 9.9% compared to last year. According to the Ministry of Tourism, from January 1 to July 27, the Maldives attracted a total of 1,159,808 arrivals, compared to 1,055,031 arrivals in the same period last year. From July 1 to 27, the Maldives attracted 144,279 tourists, which is a 15.0% increment compared to the corresponding period last year, during which the country attracted 125,424. The Chinese market is still dominating the top source market spot, while Russia is in second place. Top 10 Markets 2024 China: 153,180 Russia: 123,153…
Malaysia Airlines has announced it will be resuming direct flights from Kuala Lumpur to Male’ starting on August 1, 2024. The first resumption flight of the airline is scheduled for arrival on August 1, Thursday’s morning. The airline will be operating its Boeing 737-Dash 8 aircraft for the Maldives route. Malaysia Airlines will be operating its direct flights to the Maldives throughout the week, on all 7 days. Maldives Airports Company Limited (MACL), the operator of Velana International Airport (VIA), is set to host a welcoming ceremony for the arrival of the airline’s first resumption flight. Senior officials of the…