Fushifaru Maldives
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OBLU SELECT at Sangeli by Atmosphere Hotels and Resorts to open on 1st July
Set to open on 01st July, OBLU SELECT at Sangeli on Sangeli Island, North-West Male` Atoll, will be positioned as a Premium All-Inclusive, Four-star Deluxe resort and is just 50 minutes away by speedboat from Velana International Airport. Sangeli Island is home to some of the most beautiful diving and snorkelling areas in Malé Atoll […]
BML records a double in profits
According to the company’s website, the Bank of Maldives has recorded a Net Profit of MVR 205 million for the third quarter of 2014 and this is an increase of 105% on the previous quarter. Commenting on the results, CEO and Managing Director Andrew Healy stated, “The Bank continues to move in the right direction across most key yardsticks. Financial performance is solid. During the quarter we demonstrated our commitment to step up financial inclusion as we launched point-of-sale cash withdrawal services in 9 islands which previously had no banking facilities – this figure will rise to 50 islands by year end.
Jetwing: Buoyant in Crisis
As the long drawn out civil war in Sri Lanka ended in 2009, a mood of elation was inevitable across the island. Complementing this, one of the first slogans adopted by tourism promotion authorities in the country was ‘Sri Lanka – Small Miracle.’ When it comes to the story of one of the finest hospitality brands to emerge from Sri Lanka in the last 41 years, it is indeed no small miracle but something to wonder in detail.The Sri Lankan economy was liberalized in the 1970s. And Jetwing was a venture among several other ourism and hospitality brands that sought to profit from the opportunities arising thereof. It may also be highly unique as a business proposition and brand that has evolved into a proud and authentic representation of Sri Lankan hospitality in all its forms..
