Sun Diving website Launch event Marks 30 years of oceanic Excellence for Underwater Exploration with sun
Maldives, November 2024: Sun Siyam Resorts announces the successful launch of its new diving website, Sun Diving. The launch was celebrated with a two-day event at Sun Siyam Olhuveli on November 28th and 29th, 2024 which brought together an enthusiastic gathering of diving aficionados, marine conservation advocates, and industry professionals to celebrate the Maldives’ extraordinary […]
Dhiraagu Launches Unlimited Home Broadband Packages in Maldives
Malé, Maldives – Dhiraagu has introduced unlimited home broadband internet packages in the Maldives, marking a significant milestone in the country’s telecommunications sector. The announcement was made at a special ceremony held tonight at the Dhiraagu Head Office. Speaking at the event, Dhiraagu’s Chief Commercial Officer, Ali Riyaz, highlighted the company’s commitment to meeting customer […]
STELCO Launches “Clean Environment – My Responsibility” Initiative to Clean Distribution Boxes in Malé
Malé, Maldives – STELCO has officially commenced cleaning and maintaining its distribution boxes in various streets of Malé as part of its new initiative, “Clean Environment – My Responsibility.” The initiative was inaugurated yesterday in a ceremony attended by STELCO’s Managing Director Hussain Fahmy, Environment Minister Thoriq Ibrahim, and Malé City Mayor Adam Azim. As […]
President Muizzu Dismisses Fake News on Foreign Exchange Bill, Reaffirms Commitment to Economic Prosperity
Malé, Maldives — President Dr. Mohamed Muizzu has dismissed rumors suggesting changes to the recently proposed Foreign Exchange Bill, emphasizing that the government’s policy remains firm and aligned with strengthening the country’s economic resilience. Speaking in response to misinformation circulating online, President Muizzu reiterated that the Foreign Exchange Bill is a critical step towards enforcing […]
No Concessions on Dollar Marking; Rules Strengthened by Law: Central Bank Governor
Malé, Maldives — Central Bank Governor Ahmed Munawwar affirmed today that there will be no concessions on the requirement for banks to market dollars received by resorts and guest houses, stating that the existing rules will now be strengthened by law. The Maldives Monetary Authority (MMA) recently opened public comments on the proposed Foreign Exchange […]
Governor Defends Dollar Rules, Introduces New Measures for Non-Tourism Sector
Malé, Maldives — Central Bank Governor Ahmed Munawwar reiterated the government’s unwavering stance on dollar-marking rules today, emphasizing that existing regulations will now be reinforced through the proposed Foreign Exchange Bill. This includes measures to ensure fairness by including high-earning non-tourism entities in the framework. The bill, now open for public comment, has stirred debates […]
Bandos Maldives hosts Annual blood Donor Camp 2024
In a remarkable display of commitment to community health, Bandos Maldives successfully organized its Annual Blood Donor Camp on November 25th, 2024. This event has become a cornerstone of the resort’s Corporate Social Responsibility (CSR) initiatives, emphasizing the resort’s dedication to giving back to the local community. This year, 45 enthusiastic Bandos associates participated, demonstrating […]
Draft Foreign Exchange Bill Opened for Public Opinion
The Maldives Monetary Authority (MMA) has unveiled a forward-looking Foreign Exchange Bill, introducing structured measures aimed at enhancing financial stability and promoting transparency within the country’s vital tourism sector. This progressive step reflects the government’s commitment to modernizing foreign exchange management while addressing industry-specific concerns. Key Highlights of the Bill The proposed legislation introduces a […]