Author: Mohamed Reehaan

The independent new luxury all-inclusive resort, Ifuru Island Maldives, promises the “first and only permanent skydiving dropzone in the Maldives” and is set to officially welcome guests on September 23, 2023. To celebrate the launch, guests can save 50% on stays before December 23, 2023. Opening in September in the stunning Raa atoll, Ifuru Island “fosters a playful and social atmosphere” and offers the first permanent skydiving dropzone in the Maldives, and sunset views from every room and comes with its own private airport. The resort will feature 147 beach suites and villas offering breathtaking sunset views and contemporary interiors,…

The Ministry of Tourism announced a waiver of MVR 4 billion in fines levied on under-construction resorts due to non-payment of rent. Minister of Tourism Abdulla Mausoom confirmed this reduction during the recent restructuring of the resort rental fine. Mausoom said this relief was granted exclusively to resorts that have not started its operations formally. However, resorts subject to penalties unrelated to rental dues would not be entitled for this waiver. “It’s an enormous amount. Being fined for not constructing and not meeting the rental amount was challenging. We are charting a new course forward in this matter,” the minister…

ELE | NA, a leading name in the wellness and spa industry won the “Readers’ Choice – Favorite Spa Brand – Global” at the prestigious GlobalSpa Awards 2023. This coveted award recognizes ELE | NA’s commitment to providing exceptional spa experiences and its dedication to sustainable, conscious wellness practices in alignment with the event’s theme “Conscious Sustainable Wellbeing.” Beyond its recent win, ELE | NA also announced its strategic expansion plans for 2024, in line with its mission to spread the message of conscious sustainable wellbeing across the globe. The expansion into the Middle East, India, and Sri Lanka in…

According to the Maldives Inland Revenue Authority (MIRA), the state collected MVR 15 billion in taxes in the first 8 months of 2023. This is approximately an MVR 3.4 billion increment compared to the same period in 2022, which is a 20% growth. The surge in tax revenues coincided with the adjustment of tax rates, including the increase in the General Goods and Services Tax (GGST) to 8% and Tourism Goods and Services Tax (TGST) to 16% from January 2023 onwards. The government collected MVR 6 billion so far in TGST, and MVR 2.9 billion in GGST, which marked a…

Gold is one of the most heavily traded commodities in the world of foreign exchange (Forex) market, and there are reasons for its unrivaled popularity cast an even longer shadow over other bullions in the market such as silver or palladium. To understand why Gold has become such a popular commodity and why it is here to stay in the forex trading world, the first thing to understand is the historical role it has played in shaping up the financial sector (globally!). The Bullion-Dollar Canvas of the Past While gold’s popularity and influence can be dated to centuries back, it…

The year-to-date total of state expenditure reached MVR 30.8 billion as of September 07, reported the Ministry of Finance. According to the ministry’s most recent statistics as of the review date, the cumulative total of state revenues remain sluggish compared to the stronger expenditure gains. The state generated a year-to-date total of MVR 22.9 billion by the review date. So far, the government has spent 68% of its budgetary total on recurrent expenses and the remaining 32% on capital needs. On the other hand, state earned 76% of its revenue from tax sources while the remaining 24% came through non-tax…

Maldivian Airlines and Emirates Airlines announced establishing an interline partnership enabling Emirates customers to access 16 popular Maldivian holiday destinations. The agreement successfully follows on from 2022’s signing of a Memorandum of Understanding (MoU) between the two carriers to explore mutual cooperation opportunities. Under the partnership, Emirates customers will have more options when traveling to the Maldives, and helps the customers to utilize both carriers’ services and networks on a single ticket. Emirates will link to Maldivian Airlines services to access domestic points through regional airports in the country. From September 15 onwards, customers can book travel itineraries that include…

Tourist arrivals to the Maldives in annual terms have reached over 1.28 million as of September 13, reports the Ministry of Tourism. According to the ministry’s statistics, tourist arrivals in annual terms reached 1,282,031 as of the review date, which is a 13.8% increment compared to the corresponding period in 2022. In the same period last year, tourist arrivals to the Maldives stood at a year-to-date total of 1,126,462. The annual daily arrival average is at 5,008 with the average duration of stay in annual terms at 7.7 days. Top 10 Markets (as of Sept 13) Russia: 149,955 India: 141,010…

Vietnam’s acclaimed singer and top travel blogger Quang Vinh has embarked on an extraordinary “SenseTheMoment” escape to Angsana Velavaru. Crowned as the “Travel Blogger of the Year” during the 2022 Men and Life Awards Vietnam, Quang Vinh’s exceptional content characterized by the diversity, depth, and superior quality has established noteworthy collaborations with various travel organizations and renowned brands. Among these high-profile collaborators include national-level campaigns such as the “Embracing Taiwan” initiative organized by the Taiwan’s Ministry of Foreign Affairs and VisitSignapore’s “Reimagine Singapore Neighbourhoods”. Besides this, Vinh has forged partnerships with leading luxury airlines and hospitality brands including Turkish Airlines,…

To put it merely, it is a unit of storage and a method of trade. Tokens like DAI and LINK are built on the Ethereum blockchain utilizing the ERC20 commonplace, providing diverse functionalities inside the Ethereum ecosystem. Many or all of the merchandise featured listed under are from our partners who compensate us. Investment decisions must be primarily based on an analysis of your individual private financial state of affairs, needs, risk tolerance and funding goals. Investing includes threat including the potential lack of principal. A property could be appraised higher if it’s in a desirable location, or if it’s…