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Reethi Beach Resort Sold
Bank of Maldives (BML) has sold Reethi Beach resort in Baa Atoll. The resort, which is operated on Fonimagoodhoo, was sold to RBRM Private Limited, according to a press release issued by the bank today.
65% Increase in TGST Revenue
Maldives Inland Revenue Authority (MIRA) has reported an increase of 65 percent in Tourism Goods and Service Tax (TGST) revenue, as compared to the previous year. The Monthly Revenue Collection Report published on MIRA’s website states that an increment of 43.1 percent was recorded in January 2023 in comparison to the same period last year. […]
Finolhu Maldives appoints Marc Reader as new Resort Manager
[vc_row][vc_column][vc_column_text]Finolhu Maldives #MyBeachClubHaven has appointed Marc Reader as the new Resort Manager. Finolhu Maldives, operated by The Small Maldives Island Company (TSMIC), was opened in June 2016. Reader would be assisting Mark Hehir – CEO of TSMIC, as well as the General Managers of Amilla and Finolhu in leading the team at Finolhu. “Moving to […]