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Journalists from the US market hosted by Visit Maldives.

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Visit Maldives is hosting a group of journalists from the US market.

According to the their website, this is the first of the familiarization trips planned for the market this year. Held from the 9th to the 16th of June 2021, the purpose of the trip is to promote Maldives as a safe haven for the travelers, highlighting the unique geographical formation of the country as well as the safety measures in place.

A combined circulation of over 500,000 print readers will be reached with over 78 million on online channels, as the journalists will have their content appear on major publications in online and offline channels such as Travel & Leisure, TripSavvy.com, Forbes, Insider Travel, LA Style, Citizen-Femme.com, Travel Age West and Travel Pulse said Visit Maldives.

In the article published on their official website, Visit Maldives stated that the accommodation for the trip was arranged at Robinson Club Noonu, LUX* North Male’ Atoll and Kuramathi Maldives. To target the high-end travelers of the US market, activities highlighting the natural beauty and the luxury aspects of the destination is to be carried out during the trip.

Visit Maldives highlighted additional activities planned for the US market this year such as familiarization trips for influencers, joint marketing promotions with tour operators, virtual roadshow, webinars and participation in virtual and physical fairs such as the Ultra Summit show taking place in the upcoming month.

Despite the ongoing pandemic, stated Visit Maldives, steady growth has been observed from the US market, with 19,759 arrivals in 2020, ranking as the 8th source market of tourist arrivals. 15,914 arrivals were recorded as of 3rd June 2021, ranking as the 6th market of top tourist arrivals for the year.

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Maldives records increase in tourist arrivals.

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After a steep decline in tourist arrivals due to the COVID-19 pandemic, an increase in the number of tourists arriving in Maldives has been observed.

A total of 101,281 tourists have been recorded arriving in the Maldives in July. In March 109,585 tourists have arrived in Maldives. According to the data collected by the Tourism Ministry from 1st of January to 28th of July, a total of 600,252 tourists visited Maldives. This is an 8% increase in the total number of arrivals recorded in 2020. Last year a total of 555,494 tourists visited Maldives.

The highest number of tourists visited have been observed to be from Russia. A total of 140,824 tourist have arrived Maldives, this year. The second most visited nationality is Indians standing at a total of 99,643. The third highest numbers of tourists arrived from Germany, with 33,361 tourists.

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Chinese logistics sector outperforms its pre-pandemic levels.

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Chinese logistics sector has outperformed its pre-pandemic levels according to the latest data.

According to the data, the logistics sector continued to recover and ultimately outperform itself when comparing the first half of 2021 and 2019.  China’s social logistics sector was valued at $23.24 trillion, up by 15.7% year-on-year.

The combined revenue of the logistics sector was reported as 5.7 trillion Yuan for the first half of  2021, 22.8% higher than that of the last year.

It is estimated that the total value of China’s social logistics sector would continue to rise by 9-10% throughout the year as its economy continues to recover from the COVID-19 pandemic.

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BML faces harsh criticism as net profit hits MVR 299 million while imposing a limit on cards.

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Bank of Maldives has come under criticism after it revealed that it had made MVR 298 million as profit during the second quarter of this year.

According to the Bank of Maldives, its gross income topped out at MVR 785 million for second quarter of 2021 while its operating profit was reported as MVR 496 million. The bank reported a net profit of MVR 299 million for the second quarter of 2021.

Public criticism was targeted at the Bank of Maldives, with netizens accusing the bank of profiting off of the public amid the COVID-19 pandemic. Many complained that the bank was making profits while enforcing a limit on their cards and foreign transactions.

Prominent musician Fezu from the Detune Band also expressed her concerns on twitter.

A netizen also noted that the bank should be subjected to more stringent oversight as she was charged a fee, which she did not receive. She also noted that the bank she uses in the UK does not make as high profits as the Bank of Maldives, and questioned whether the bank should be investigated.

The former Economic Minister and current Maavashu Constituency MP Mohamed Saeed also expressed concern on the subject. In a tweet made earlier today, MP Mohamed Saeed stated that the public was forced to purchase US Dollar at 18.45 when leaving abroad to seek medical treatment, noting on the limit imposed on the credit/debit cards.

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