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Maldivian on Sunday launched a weekly cargo freighter to Sri Lanka, the first such service under the Maldives flagship carrier's efforts to shore up its finances against the impact of the coronavirus pandemic. The cargo service between Male and Colombo will operate every Sunday until April...
The Maldives' main airport is being closed every night for commercial operations, as the island nation closed its borders to contain a potential spread of the coronavirus. Velana International Airport was closed from 9pm Saturday to 6am Sunday. Maldives Airports Company Limited (MACL)...
The World Tourism Organization (UNWTO) has released its updated assessment of the likely impact of the COVID-19 on international tourism.
Countries around the world should work together to overcome the coronavirus pandemic and prioritise the need to find ways to safely ease travel restrictions, Maldives tourism minister Ali Waheed told a crisis committee of global tourism officials. The World Tourism Organisation (UNWTO) has conven
Bank of Maldives (BML) has announced the bank will not be compounding interest on all personal, housing and business loans for which it had earlier announced a moratorium.The national bank of Maldives on 25 March 2020, announced a 6-month moratorium on the aforementioned loan categories. In a...
Bank of Maldives announced a 6-month moratorium for all personal, housing and business loans on 25th March 2020. Since then the Bank has been working hard with international accountancy bodies, Government and its regulators to ensure that its support to the Maldivian economy is what is needed,...
The hospitality industry has been one of the sectors most badly impacted by the Covid-19 pandemic. Across the UK, all pubs, bars and restaurants have had to close their doors and shut up shop, in order to abide by the unprecedented measures ordered by the Government.
Article - Former Apple CEO: Post Pandemic Business Travel Will Take a Hit - Industry Leaders - John Sculley, the former CEO of Apple, has become a great advocate of this way of working. And he believes remote working will challenge the business models of many airlines that rely on business travel...
Taking into account past market trends, the UNWTO calculates that between five- and seven-years’ worth of international tourism growth could be lost to Covid-19.
As COVID-19 impacts more people every day, coronavirus contingency planning is of the utmost importance. Explore the pandemic’s potential effects on the economy, real estate sectors and investors and occupiers.
