Tourism Ministry
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BusinessGovt to terminate lease agreements for stalled resort projects
The Tourism Ministry has issued a new regulation allowing the government to terminate lease agreements for stalled resort projects without further extensions. While some developers may receive a final grace period, properties failing to meet specific construction timelines will be repossessed, and developers remain liable for all unpaid fines.
BusinessArrivals decline from major markets except Russia and China
Maldives tourism saw a 5.2% decline by July due to regional conflicts, with arrivals dropping across most major and emerging markets. The Middle East and Americas experienced the sharpest decreases. However, China and Russia bucked the trend, showing significant growth and remaining the top source markets for the islands.
Business
Resort businesses owe MVR 56 million to Tourism Trust Fund
Business
Bidding opens for 15 new resorts projects
Business
MIB opens applications for the Guesthouse Awards
Business
Lowest number of tourist arrivals in June this year
Business
Eligibility criteria announced for MIB Guesthouse Awards
Business
New rules allow SOEs to acquire tourism sites by offsetting debt
Business
Tourist arrivals decline by 5 percent compared to last year
Business
New rules to reclaim resorts after paying compensations
News
Maldives Divers Association urges stricter safety oversight
News
Safari vessel license suspended after diving tragedy
News
Backlash as defeated election candidate appointed State Minister
Business
Tourism plummets as Middle East conflict disrupts travel
News
Company accused of illegally operating guesthouse
Report
Fact check: eight resorts opened in 2023
Business
Tourist arrivals from China see sharp decline
Business
Resorts allowed to expand property for an annual rent
News
Pledge broken to remove Farumuli from Maafaru
Business