Business

N-able expands business footprint to the Maldives

Published

2 years ago

28/11/2021

MNN

N-able (Private) Limited, Sri Lanka’s leading technology solutions provider advances into new frontiers by expanding its footprint, to extend its Design Consultancy and Engineering services to customers in the Maldives. N-able plans to share its experience with prospective customers, with the aspiration of delivering business outcomes, and enable customers to do better business.

N-able will partner with solutions providers in the Maldives and act as the solutions partner to design and implement end-to-end solutions in the domains of infrastructure-centric and application-centric solution areas.

As a solutions provider which prides itself in possessing both the resources and capabilities to design and implement solutions, N-able has the capacity to meet the wide variety of dynamic customer needs. The Company plans to draw from its prior experience in serving several different international markets.

Commenting on the expansion drive, the CEO of N-able, Asanka Bimal Rajasinghe, stated, “Bringing together our extensive experience in providing cutting-edge technology solutions to a broad spectrum of industries, spanning several technological verticals, N able is delighted to take the next step by extending our business footprint, on an international level. We are excited to make the Maldives an initial part of our global expansion drive, as we seek to strengthen our regional business presence.”

“Over the years, we were fortunate that our existing customers made N-able an integral part of their strategic IT and transformative business initiatives, which provided us the opportunity to enhance our skills and give us the courage to go beyond the shores. Now, we are eager to extend our capabilities and share our expertise in new geographies”, he further added.

Highlighting N-able’s long-term goals with the global expansion, Head of Operations Sameera Viraj Kodituwakku stated, “We are immensely proud to announce our forthcoming expansion to the Maldives. Our intention has always been to create a positive impact by leveraging technology to support entities to do better business. We see the Maldives as a market of great potential for business growth. We intend to support the growing and demanding business needs, which have emerged as a result of the thriving economy of the Maldives, from a technology solutions perspective.”

Established in 2008, N-able has positioned itself as a unique provider of Information and Communications Technology services, enabling businesses to create enhanced value for their customers and stakeholders in the Telecom, Banking and Financial, Government, and Enterprise sectors. Throughout the years, N-able has driven a multitude of key multi-sectorial technology projects in Sri Lanka and beyond, under the prime objective of connecting people and things, with insights, for an efficient and intelligent world.

Business

Economic growth slowed down 4.7% in 2023.: MMA

Published

7 hours ago

08/05/2024

Maldives Monetary Authority (MMA) reports the economic growth slowed down 4.7% in 2023.

In its annual report, the central bank reported economic growth slowed owing to muddied performances in the tourism and construction industries.

While last year economic growth slowed 4.7%, it rose by 13.9% in 2022.

Tourism industry activity slipped last year because of the decline in the average duration of stay.

While tourism and construction industries, two of the major economic sectors, observed decline, other major sectors such as financial, fisheries, and private sector credit had gone up.

The Maldives government is taking corrective measures to rectify the economic growth, while President Dr. Mohamed Muizzu’s vision is to elevate the country’s national GDP to USD 12 billion, according to the Minister of Economic Development and Trade Mohamed Saeed.

Source(s): sun.mv

Business

TMA becomes first Asian operator to receive Havilland Certificate

Published

18 hours ago

08/05/2024

Trans Maldivian Airways (TMA), the world’s largest seaplane operator, receives De Havilland Canada’s endorsement certificate, making it the first operator in Asia to achieve the recognition.

At the official endorsement ceremony held last Sunday, De Havilland’s Chief Executive Officer Brian Chafe awarded the endorsement to TMA Chief Executive Officer A.U.M Fazy.

De Havilland owners Sherry Brideson and Robert McDonald, along with senior representatives of the Canada’s aerospace company and TMA officiated the ceremony.

TMA Chief Fauzy had thanked De Havilland’s continued support with its Twin Otters, elevating the operator’s success.

De Havilland CEO highlighted TMA’s success of completing two million flight cycles, which he added is unprecedented anywhere else.

The Canadian aerospace company affirmed continued support to TMA in future as well.

Source(s): sun.mv

Business

BML announce new MVR 1-mil loan facility without collateral

Published

2 days ago

06/05/2024

The Bank of Maldives (BML) on Monday officially announced the launch of two new home loan products; the Home Build Loan and the Home Equity Loan.

The new loan facilities have been introduced to cater to the growing customer needs for home construction and renovation, BML said.

The new Home Build Loan has been designed to allow individuals to borrow up to MVR 1 million without any additional security. The facility provides a repayment period of over 15 years, which is ideal in renovation projects or larger home construction projects across the Maldives.

The bank also, for the first time, has introduced Home Equity Loan for existing Home Loan and Financing customers. This new facility enables these customers to borrow up to the repaid amount, or the usable equity, of the primary loans. The Home Equity Loan is offered for borrowings of more than MVR 50,000 with a repayment period of 20 years.

Moosa Nimal, the Director of Retail and SME Banking said, “These products are designed to make access to finance easier for our customers across the country.”

“The new Home Build Loan does not require any additional security and will allow customers to build or renovate homes at the most competitive market rates. Our Home Equity Loan offers our existing home financing customers to access usable equity available on their property, at a low rate of just 10%.”

The newly introduced loan facilities are available for BML Islamic customers as well.

Source(s): sun.mv