Maldives State Shipping welcomed its third vessel, MSS Graphene, which is due to join its Singapore and Malaysia’s Port Klang service in August.
Bulgari Hotels & Resorts announced the signing of an agreement for a new luxury resort in the Maldives. The Bulgari Resort Ranfushi in Raa Atoll is scheduled to open in 2025.
The Hilton Maldives Amingiri Resort & Spa opened for business, the fourth resort under the company’s portfolio of brands in the Maldives.
The Maldives has enough usable foreign currency reserves to import oil, staple foods and medicine for about five months, Finance Minister Ibrahim Ameer informed parliament in a written response to a question from Deputy Speaker Eva Abdulla.
Real estate and investment management firm JLL oversaw the sale of the W Maldives and Sheraton Maldives Full Moon resorts to a global private equity investor on behalf of Universal Enterprises and Marriott International. The deal represents the first ever hospitality portfolio transaction to have taken place in the Maldives.
The Bank of Maldives announced the four winners of the BML Startup Grant, which offered MVR500,000 (US$32,425) to start or grow a business.
The State Trading Organisation opened its new Makita Showroom with the brand’s power tools and equipment.
Goods worth MVR4 billion (US$259 million) were imported in May, up 52% from the same period last year.
The national carrier Maldivian airlines started scheduling additional domestic flights to cater to high demand ahead of the upcoming Eid holidays.
