Author: Mohamed Reehaan

Maldives government has spent a total of MVR3,763.4 million (MVR3.76 billion) towards Covid-19 related efforts, so far. Moreover, as per the Ministry of Finance the state had spent a total of MVR1,990.6 million (MVR1.99 billion) on health and social efforts, marking just a 0.2% increment from the week before. During the review period from the total health and social spending, 58.8% had been committed-spending. Furthermore, in terms of week-on-week spending Indira Gandhi Memorial Hospital (IGMH) registered the highest spending compared to its peers. On the other hand, the total economic response spending by 05 August 2021 reached MVR1,772.8 million (MVR1.77…

Wednesday, 11th August – MTCC reports an overall 67% progress of Kulhudhuffushi Regional Hospital renovation project. The contractor reports on completing the installation of lifts while walkway works are currently underway with 75% progress. The renovation project involves development of a new laboratory building at the hospital premises alongside a new ward building as well as renovation of the existing OPD area. The project total is at MVR30.3 million reportedly.

Wednesday, 11th August – Maldives Transport and Contracting Company (MTCC) confirms on the successful completion of shore protection structures at Noonu atoll Henbadhoo. Moreover, the contractor affirmed on completing the entirety of the project components on 02nd August, Monday of the previous week. The project work scope included backfilling and leveling of 5,000 cubic meters of sand along with the construction of a 25-meter groyne. In addition to this, MTCC had constructed a 235-meter rock boulder revetment as part of the shoreline protection structures along with the placement of geotextiles at a length of 235 meters. According to MTCC the…

According to Maldives Inland Revenue Authority (MIRA) the state earnings for the month of July 2021 observed a 6.2% decrement in comparison with the same month last year. Moreover, the total state revenue, inclusive of USD collection, stood at MVR624.07 million. State earned 21.10 million in US Dollars for the period. Furthermore, MIRA notes the comparative decline in revenue was reflective on the extension of deadline for major taxes. As such, major tax deadlines that usually fall towards the end of July were pushed back to the current month of August – due to extended Eid holidays. On the other…

According to Maldives Monetary Authority (MMA) businesses in major economic sectors reported contraction in activities during the second quarter of 2021. Moreover, the Maldives central bank reported noting slight improvement of business activities in wholesale and retail trade sector; as the only exception whereas all the other major sectors namely tourism, transportation, communication and construction industries all reported decline in activities. Furthermore, noting on the employment levels in the country MMA noted a positive yet modest improvement in tourism and wholesale and retail trade sectors. However, employment levels worsened for construction sector while transportation and communication sectors did not fare…

Tuesday, 10th August – In commemoration of the 16th anniversary of Ooredoo Maldives, the telecom provider has partnered up with Semili’s Cafe’ and Bistro for an exciting new initiative. According to the telecom provider, customers of Ooredoo Maldives will receive exclusive benefits from Semili’s under their new offer. The food outlet will be providing special food packages, with free items on specific meal combos which include; Grilled Chicken + Free Pizza/Frankies Grilled Chicken + Free Burgers/Frankies Grilled Chicken + Free Dumplings/Frankies Friends + Family Meal + Free Pizza/Frankies Family Meal + Free Pizza Tandoor Family Meal + Free Pizza/Frankies Tikka…

Monday, 09th August – Managing Director of Housing Development Corporation (HDC) Mr. Suhail Ahmed confirms on additional land reclamation under the Thilafushi Masterplan project. As such, as per HDC front-man the project will now entail an additional 130 hectares of land reclamation under scope of work. The news was confirmed by Mr. Ahmed during an interview to RaajjTV, a local news broadcaster following the merger between Greater Male’ Industrial Zone Limited (GMIZ) and Housing Development Corporation. With the merger, HDC will be taking on the managerial responsibilities previously held by GMIZ. Furthermore, Mr. Ahmed had confirmed on the masterplan coming…

According to Ministry of Finance, the year-to-date update on state revenue indicate a total of MVR128.1 million collected as fines by July end. Moreover, the state body confirms the review period is from January 2021 until July 2021 which had shown an improvement of 48.9% in the review period. As per Ministry of Finance, state collected a total of MVR77.8 million during the same period in 2020. On the other hand, state received a total of MVR87.2 million as grants from January until July of the current year whereas, during the corresponding period of last year the grant total stood…

Despite the recent improvements in the island nation of Maldives against Covid-19 pandemic, the country finds itself still on the ‘Red List’ of United Kingdom. The UK ‘Red List’ is a list based on severity of Covid-19 cases in other destinations outside the European nation. According to UK, citizens of the countries under the ‘Red List’ have been completely restricted from entering the European nation while those who have traveled to said Red List countries will be allowed entry into UK, only if they are British or Irish nationalities. Moreover, individuals holding residence rights in the UK are among those…

Sunday, 08th August – Maldives Transport and Contracting Company (MTCC) report on the latest updates of the Haa Dhaal atoll Nellaidhoo harbor development project. According to the contractor, the work on designing and building the harbor has observed an overall 83% progress. Meanwhile, MTCC is constructing the quay wall along with the installation of the harbor pavement with progress of each component at 97% and 96% respectively. Furthermore, scope of work for the project include dredging and reclamation operations spanning 62,863 cubic meters along with the construction of a breakwater stretching 331 meters and the quay wall which will measure…