Author: Mohamed Reehaan
Bank of Maldives (BML) on Sunday, June 02, announced the expansion of services at its Maafushi branch to offer a full ranking of solutions to both individual customers and businesses. Maafushi branch will now operate as a full-fledged branch offering all the services including USD deposits and withdrawals, loans and financing applications, cheque deposits, issuing statements and currency exchange services. Additionally, the branch’s ATM center will provide 24/7 access to cash withdrawals, deposits and transfers. “Maafushi is a bustling hub for local tourism, and the demand for banking services has grown alongside the increasing number of visitors to the island.…
Chinese tourist arrivals to the Maldives is now almost less than 2,000 short of reaching 100,000 in annual terms, according to Ministry of Tourism. As per the updates from the ministry dated May 27, 2024, Chinese arrivals to the Maldives is currently at a total of 98,908. Russia, which earlier showed to be in stiff competition, and closely following behind, appears to be losing traction but has maintained second-strongest position nonetheless. Arrivals from the UK, is still the third-strongest in terms of numbers, though the momentum appears to have weakened slightly. Italy, which had briefly taken top spot earlier in…
The State Electric Company Limited (STELCO) on Saturday, has requested the public members to submit complaints on the recently issued bills, which has attracted significant public ire over its hiked up charges. Several members of the public have been complaining over the significant hike in the utility bills, issued for May. Many have inquired the reason for this rise in charges – especially since the during the month of May, Maldives experienced rainy and cloudy weather. Following widespread public criticism, STELCO on Saturday implored the public to submit complaints by contacting the billing number of their Customer Service at 7788438…
State Electric Company (STELCO) employees have come to remove tin sheets kept in a dangerous position in ADh. Fenfushi. STELCO confirmed its employees removed the tin sheets placed as a wall covering of a warehouse in Fenfushi. The sheets, full of rust, were in rundown condition. STELCO employees had assisted in removing the sheets and keeping them safely away. The utility provider said that the worn out sheets were removed to ensure that it does not get ripped and blown off in strong winds, amid bad weather conditions across the Maldives currently.
Bank of Maldives (BML) Islamic on Thursday, announced a new promotion for BML Islamic customers. According to the bank’s Islamic wing, for all BML Islamic credit cards applied and approved during the promotion period, a grand winner will be selected to receive MVR 25,000 at the end of the promotional period. Customers can apply for the BML Islamic Amex Credit cards either through internet banking platform or the mobile application. BML Islamic American Express Credit Card comes with a slew of benefits, including local and international offers for card members. The benefits include exclusive savings on booking.com and offers on…
Minister of Construction and Infrastructure Dr. Abdulla Muththalib on Thursday, said the reclamation of K. Fushidhiggaru under the Ras Male’ mega project, cannot be completed within eight months as previously stated by President Dr. Mohamed Muizzu. Physical works of the biggest housing initiative of this administration, commenced earlier on December 18, 2024. Under the project, a total of 1,153 hectares of land will be reclaimed, which the state aimed to complete within an eight-month window. During the press conference held on Thursday, the minister confirmed the project will not be completed within earlier projected window. He also said that the…
Ooredoo Maldives has won the “Small Markets Telco of the Year” at the prestigious Twimbit Telecom Awards 2024, held at the St. Regis Singapore on May 28. Ooredoo Maldives faced competition from Dhiraagu and Brunei’s DST for the title. “We are humbled and honored to receive the “Small Markets Telco of the Year” award at the Twimbit Telecom Awards 2024. This is a testament to the hard work and dedication of our incredible team, whose relentless efforts have made this achievement possible,” said Khalid Al-Hamadi, CEO of Ooredoo Maldives. “We extend our heartfelt gratitude to everyone who contributed to this…
Maldives Marketing and Public Relations Corporation (MMPRC/Visit Maldives) has been named the official destination partner for the prestigious 7th Air Services World Congress (ASWC) 2024. The announcement was made during an event held at the Noovilu Seaplane Terminal, Velana International Airport (VIA). The event saw participation from the CEO and Managing Director of Maldives Airports Company Limited (MACL) Ibrahim Shareef Mohamed, deputy managing directors, senior management, and partners. The highly anticipated ASWC is scheduled to take place from July 09 to 11, 2024 at Kurumba Maldives, with 300 delegates expected to attend from various regions around the globe. This year’s…
Bank of Maldives (BML) shareholders have approved a record total dividend payout of MVR 269 million at MVR 50 per share, at the Bank’s Annual General Meeting on Tuesday evening. Speaking at the meeting, BML’s Chief Executive Officer and Managing Director Karl Stumke commented, “This total dividend payout stands as the largest in our bank’s history as we achieved our best-ever performance in 2023.” “I thank our customers for their continued loyalty and we are committed to continuously improving your experience with us and making banking with us as seamless and convenient as possible.” Stumke added that the bank will…
Maldives Marketing and Public Relations Corporation (MMPRC/Visit Maldives) and Weixin Pay signed a three-year memorandum of understanding (MoU) at the recent ITB China 2024. The MoU was signed between MMPRC Deputy Managing Director Zihuny Rasheed, and Weixin Pay’s Country Manager, Singapore and Regional Director, Southeast Asia Etienne Ng. With this arrangement, MMPRC pledges to support more Maldives merchants to accept payments made via Weixin Pay – aimed at enhancing convenience for Chinese tourists. “China is a key source of tourists for the Maldives, and we greatly value the experience of Chinese visitors, Zihuny said and added, “We plan on promoting…