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Declining state revenue: What it means for Maldives’ hospitality industry
Maldives, renowned for its picturesque beauty and thriving tourism sector, is currently facing significant challenges due to a decline in state revenue, especially from dividends paid by state-owned enterprises (SOEs) and a decrease in fees and taxes generated by the tourism sector. This article examines the latest state revenue and expenditure data, highlighting the implications […]
STO Seeking Buyers for ‘Ekulhivaru’ Island
State Trading Organization PLC (STO) is seeking potential local or foreign firms interested in buying the Leasehold Rights of ‘Ekulhivaru’ Island, which has been leased to STO for the purpose of resort development. STO intends to find a buyer or investor to develop a resort at the Island. Ekulhivaru Island is situated at Noonu Atoll, […]
Taj Group appoints Sarabjeet Singh as Area Director, Sri Lanka and Maldives
The Taj Group has appointed Sarabjeet Singh as the new area director, Sri Lanka and Maldives, and general manager of Taj Samudra in Colombo.
