Business

Bangkok Airways to resume international flights.

Published

3 years ago

27/07/2021

Bangkok Airways will resume its international service starting from 1 August 2021. Its first international flight after re-opening Thailand will be between Koh Samui and Singapore, said the Airways. Its restart flight between Koh Samui and Singapore is also in support of ‘Samui Plus Model’ Project added the Airways.

As per the statement issued by the Airways, the resumed services between Samui and Singapore will be operated by an Airbus A319 aircraft. And three flights per week (Monday, Thursday and Sunday) will be scheduled between Samui and Singapore. The outbound flight PG961 departs Samui Airport at 15:05hrs. and arrives Singapore International Airport at 18:00hrs. The inbound flight PG962 departs Singapore International Airport at 19:30hrs. and arrives Samui Airport at 20:35hrs.

Passengers entering Thailand will require a Certificate of Entry (COE), a negative PCR test issued no more than 72 hours before traveling, and proof of vaccination. All passengers must undergo mandatory COVID-19 tests during their stay in Thailand, added the statement.

Statement also mentioned that Travelers with a certificate of vaccination and a negative COVID-19 test are exempt from compulsory quarantine if travelling to the following islands: Koh Samui, Koh Pha Ngan and Koh Tao. Passengers must stay on the island for at least 14 days before travelling to other regions in Thailand.

“We are delighted to announce the resumption of our first international flight after being on pause for a long while due to the pandemic. The Samui – Singapore route is anticipated to bring back confidence to Thailand’s tourism.” Said Puttipong Prasarttong-Osoth, the President of Bangkok Airways.

“At Bangkok Airways, we remain committed to the safety and hygiene of our passengers and employees as the highest priority. The airline and Samui airport strictly implement surveillance measures to prevent the spread of COVID-19. At Samui airport, we have put in place health and safety measures and social distancing practice in compliance with the regulations by the Ministry of Public Health and the Civil Aviation Authority of Thailand to ensure highest level of safety for all passengers and staff. The measures include passengers and staff screening, health and body temperature checks, passengers and staff are required to wear protective masks at all times. Moreover, airport disinfectant cleaning is set to be done on an hourly basis in common service areas and high-traffic areas such as check-in counters, baggage store, and wheelchairs and office spaces,” added Mr. Puttipong.

Business

BML announce new MVR 1-mil loan facility without collateral

Published

9 hours 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

Business

MIB signs an agreement to expedite business registration process

Published

2 days ago

04/05/2024

Ministry of Economic Development and Trade and the Maldives Islamic Bank (MIB) has entered an agreement, aiming to expedite and streamline the registering services for businesses. The agreement was signed to enhance the quality of services, ensure information security, and facilitate an efficient registration process.

Following the signing of the agreement, Minister of Economic Development and Trade Mohamed Saeed disclosed that customer data can be readily verified with the assistance of the ministry’s Application Programming Interface (API). The minister stated that this would enable businesses to set up bank accounts in a convenient manner. Regarding this, Registrar of Companies Mariyam Waheed underscored the pivotal role API will play in authenticating businesses to customers and expediting in the verification process.

This initiative will significantly benefit individuals accessing online services from the ministry, fostering economic development within the nation. This marks the first agreement of its kind signed by the ministry.

Business

MTCC reports staggering 82.9% net profit drop

Published

5 days ago

01/05/2024

Maldives Transport and Contracting Company (MTCC) has reported a staggering 82.9% net profit decline for Q1-2024.

According to MTCC, it earned just MVR 5.2 million in net profit for the review quarter, which came down from MVR 30.8 million in the last quarter of 2023.

The company’s revenue for Q1-2024 stood at MVR 664.4 million, which is a 15.8% drop from MVR 789.2 million generated in the Q4-2023.

Moreover, MTCC reported a whopping 94.5% decline in its Gross Profit for the review quarter, registering MVR 2.5 million in Q1-2024 compared to MVR 44.3 million.

The operating profit for the review quarter stood at MVR 41.8 million, which is a 26% drop from MVR 56.5 million in Q3-2023.

The net asset value per share dropped from MVR 227.95 in Q4-2023 to MVR 226.98 to Q1-2024, while earnings per share saw a notable decline from MVR 3.83 in the preceding quarter to just MVR 0.65 in the review quarter.

Source(s): sun.mv