BML’s profit for the past quarter totals MVR110 million
Bank of Maldives (BML) has generated 110 million rufiyaa as profit during the first quarter of the year.
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.
The Outrigger Konotta Maldives Resort is now open for bookings
The Outrigger Konotta Maldives Resort which opens its doors on 1 August 2015, can now be booked on multiple Outrigger, trade and consumer platforms.
Dave Rasta to defend his title this year at Four Seasons Maldives Surfing Champions
The first three names of the surfing legends taking part in this year’s Four Seasons Maldives Surfing Champions Trophy were announced yesterday.
British Airways appoints new Regional Commercial Manager for South Asia
British Airways (BA) has appointed Mr. Moran Birger as the new Regional Commercial Manager for South Asia.
Jean-Luc Naret appointed general manager at One & Only Reethi Rah
Kerzner International has announced the appointment of Jean-Luc Naret as the new general manager of their Maldivian property One&Only Reethi Rah, effective immediately
The Maldives invites Sri Lankan investment in the tourism industry
The Maldives has invited Sri Lankan and other regional developers to invest in the financing of the tourism industry.
Research shows parrotfish are critical to coral reef island building
A recent study conducted in the Maldives shows that parrotfish play a pivotal role in supplying sand sediments to build and maintain coral reef islands.
Promotion launched across Anantara Hotels to encourage longer stays
Anantara Hotels and Spas have launched a resort-wide promotion titled ‘Oh, won’t you please stay, a little bit longer?’
New ‘Corporate Residence’ visa category announced
The Maldivian government has announced a new type of visa, known as the Corporate Residence Visa, with eligible candidates being those that have invested at least $50 million in the country.
President ratifies bill to extend resort leases to 99 years
Maldivian President Abdulla Yaameen has ratified the amendment to the Tourism Law, which allows for resort leases of up to 99 years.
Maldives hosts familiarization trip for Russian Media
MMPRC, in collaboration with industry partners, is currently hosting five top journalists from Russia and CIS markets on a familiarization trip to the Maldives.
