COVID-19 AND THE GIG ECONOMY

AN IMPOSSIBILITY TO A REALITY Once thought to be an impossible economic sector, given the geographical limitations, isolation and lack of infrastructure, the Maldivian tourism industry will soon be marking its 50th anniversary in two years’ time.  Unyielding to the viability assessment and opinion of the United Nations, the Maldives had entered a new dawn […]

Maldives Begins Drive to Vaccinate Entire Population Within Six Months

The island nation of Maldives welcomed its first shipment of COVID-19 vaccines on 20th January 2021 from the Indian government. The 100,000 doses of the Oxford AstraZeneca’s COVISHIELD vaccine produced by Serum Institute of India will be sufficient to inoculate 50,000 people; two-doses for each person which must be administered in between a gap of […]

Astrabon Launches Credit Scheme for Resorts

The exclusive distributor in the Maldives for several established brands of cutlery and kitchen utensils and equipment, Astrabon Pvt Ltd is offering up to 3 months credit for resorts and guest houses starting operations after the shutdown of the economy due to COVID-19. The offer is also open to liveaboard operators.  Commenting on the scheme, […]

Acquiring a Maldives Resort: 7 Factors

As we look forward to unlocking our borders, reopening the country for tourists and salvaging the economy from the crisis inflicted on it by Covid-19, conversations from strategic and financial buyers are making subtle hints at the prospects of economic opportunity borne out of the pandemic. In addition to the prospects over likely debt financing […]

Conrad Maldives is Sewing Face Masks for Donation

In light of the global pandemic, Conrad Maldives Rangali Island has inspired its team members to get involve in a face mask sewing initiative where these will in turn be donated to selected local communities and healthcare workers in Maldives. This initiative was launched earlier this month, where the resident tailors and volunteering team members […]

Ooredoo Contributes to Relief Aid for Covid-19 Crisis

As COVID-19 continues to impact communities and businesses around the world, Ooredoo has continued to support customers across its global footprint with both digital solutions and relief measures. In addition to the measures of support extended so far in the Maldives, Ooredoo Group and Ooredoo Maldives has today contributed MVR 2,500,000.00 (Maldivian Rufiyaa Two Million […]

Cocoon Investments Donates COVID-19 Protective Gears to Maldives

The business partners of Cocoon Investments Pvt Ltd has donated a consignment of Personal Protective Equipment (PPE) to the Maldives. The consignment included face masks, sanitizers and hazmat suits.  The consignment was handed over by the Chairman of Cocoon Investments, Mr. Asgi Akbarally to His Excellency Omar Abdul Razzaq- High Commissioner of the Maldives to […]

Aviation in the Maldives post- COVID 19

Given that tourism is the primary stay of the Maldivian Economy and aviation has been and will continue to be of critical importance. However, COVID 19 has made a huge impact and this is bound to change the role and format of aviation in the Maldives. WHO first declared COVID-19 as a world health emergency […]

Maldives Resorts: Commandeered for Quarantine Facilities

As a matter of light conjecture, the Maldives is reported to offer the best quarantine facilities – fully functional tourist resorts.  As we all know, the Maldives is under a public health emergency since 12 March 2020. That was a step taken in reaction to the first positive Covid-19 case in a visiting Italian tourist […]

Hotel investors in Asia pivoting towards debt financing

Hotels owners across Asia are seeking greater access to debt financing to bolster cash flows as they face an unprecedented period of historically low occupancy rates, closed borders and severe limitations on air travel due to the ongoing COVID-19 pandemic, says JLL. The impact of COVID-19 on the hospitality industry across Asia continues to be […]

Asia Pacific hotels continue to weather the COVID-19 storm

The Asia Pacific hotel industry was riding high in 2019. Tourism from both the business and leisure travel segment was firing on all cylinders. The continued growth in outbound China tourism had created numerous large revenue streams. And there were strong expectations for the robust momentum in MICE sector through events like the Singapore Airshow […]

Cleantech, Disinfection Services During COVID-19

Originally established in 2016, Cleantech is specialised in chemical-free disinfection and deep cleaning. However, following the COVID-19 outbreak, the company has scaled up to cater for industrial grade disinfection and deep cleaning of kitchens, offices, resorts, gyms, medical facilities and even aircraft. Cleantech’s team of Maldivian staff are highly experienced and perform under the strict […]