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MMA: 150 resort islands were operational in first quarter of 2021.

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150 resort islands were operational during the first quarter of the year 2021 according to the Maldives Monetary Authority (MMA). According to their quarterly economic bulletin published by MMA says that 150 resorts were operational during the period which is an increase of 15 resorts compared to the last quarter of 2020.

Although the amount of operational resorts are 11% less compared to the first quarter of 2020 this is a significant growth since Maldives closed its border last year due to the COVID-19 pandemic.  As per the bulletin 153,684 tourists arrived during the last quarter of 2020, while a staggering 298,570 tourists visited the Maldives in the first quarter of 2021. This was due to the increased number of flights from different destinations of the world and coordinated marketing efforts by the Maldives Marketing and PR Corporation and the tourism ministry of Maldives along with the resorts operating in Maldives.

During the first quarter of 2021 India and Russia tops the list of tourist arrival countries. Due to worsening of the COVID-19 situation in Maldives and globally, the tourist arrival is getting low day by day, but the authorities are confident that they will be able to reach the yearly target by the end of the year.

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China finds 1 billion tons of oil and gas.

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Chinese oil and gas giant PetroChina has found a massive reserve of oil and gas in North Western China.

The oil and gas reserve was found within the Tarim Basin. According to PetroChina, the oil and gas was found in an area deemed as “ultra-deep”.  The Tarim Basin is one of the most challenging areas to explore due to its harsh and complicated  ground conditions. However, it is also highly petroliferous.

Due to this, the output from the basin has significantly increased within the past six years, from 30,000 tons a year to 1.52 million in 2020. It is expected to reach 2 million tons in 2021.

 

Source: Xinhua News Agency.

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Bank of Maldives relaunches their Mobile Banking with a new look.

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Bank of Maldives (BML) announced it has relaunched its Mobile Banking App with a new look and extra features to provide customers with a safe, secure, and seamless banking experience. BML is regarded as the biggest retail bank in the Maldives, with a presence on every island.

BML introduced their first mobile banking app to the Maldives in 2015, allowing customers to bank conveniently anywhere, anytime. With this new upgrade the following features were added;

  • Quick Pay, to make transfers without adding a contact
  • Verifying account name before making transfers and adding contacts
  • Generating receipts for past transactions at any time
  • Switching between personal, joint or business profiles
  • Applying for banking services, managing cards and updating personal information
  • Sending messages to the Bank and receiving notifications for replies

 

Bank of Maldives, CEO Tim Sawyer Photo: BML/Twitter

In a press release BML’s CEO and Managing Director, Tim Sawyer commented, “We are delighted to launch our new Mobile App today as part of our digital roadmap to enhance customer experience. It is also an important milestone as we continue to invest in technology to deliver a better banking experience for our customers across the country. The updated app now includes services that have previously only been available on our Internet Banking platform. Over the coming weeks, we will also be introducing additional features to the App, including our digital wallet and payment functions.”

BML also mentioned in their press release that over 90% of their customers registered for online banking and more than 73 million transactions were made through their digital channels last year.

BML Mobile Banking App is now available on Apple’s App Store and Google Play for their customers to download.

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Hilton to open fourth resort in the Maldives.

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Hilton has signed an agreement to bring its fourth resort  island to the Maldives.

According to Hilton, an agreement was assigned between Amingiri Holdings and Hilton. This would allow them to launch a resort under their flagship brand by the end of the year. The Hilton Maldives Amingiri  will feature 109 villas.

Hilton already has three high end luxury resorts in the Maldives. SAii Lagoon Maldives, Curio Collection by Hilton, Waldorf Astoria Maldives Ithaafushi and the Conrad Maldives Rangali Island.

The Hilton Amingiri is expected to receive a large number of occupants due to its strategic location. The Island is located in the K.atoll, just 15 minutes away from the Velana International Airport in a speedboat.

The Hilton Amingiri will feature villas with private pools . It also has an exclusive 6 bedroom villa for  families looking for a holiday together.

Guy Phillips, senior vice president of Development at Hilton stated that “The Maldives remains one of the world’s most highly sought-after destinations and the signing of Hilton Maldives Amingiri reflects the excellent growth potential we see in the market.”.

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