...Maldives is a place that is simply magic, it is truly unparalleled on earth. It has deep blue seas, turquoise reefs, white sandy beaches and palm trees. The weather in the Maldives is usually picture perfect: sunlit days, breezy nights, balmy mornings, and iridescent sunsets. It is also a place full of character, where its people have long spent their days languishing in the very essence of idyll living. While it is the perfect place to sit on a beach and watch a sunset with a cocktail balanced on your hand, it is also a geographical marvel, knowing that there are thousands of fish swimming around the vivid corals just a few feet away from where you sit. The Maldives lies in two rows of atolls in the Indian Ocean, just across the equator. The country is made up of 1,190 coral islands formed around 26 natural ring-like atolls, spread over 90,000 square kilometers. These atolls structures are formed upon a sharp ridge rising from the ocean, making way for their secluded uniqueness. Each atoll in the Maldives is made of a coral reef encircling a lagoon, with deep channels dividing the reef ring. Ninety-nine percent of the Maldives is made up of sea. The people of the islands are widely dispersed across the atolls, with about 200 inhabited islands. About 90 islands are developed as tourist resort and the rest are uninhabited or used for agriculture and other livelihood purposes. Maldivians are quite open to adaptation and are generally welcoming to outside inspiration. The culture...
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...By: Waheed Maldives: The World Highest Divorce Rate. A tradition inherited from forefathers. In the middle of vast indian ocean, the islands of Maldives, remained as a wonder, a resting place, and a stop over for exhausted sailors. The crystal clear water and fine white sandy beaches, though defines the modern day Maldives, the islands were well known among the sailors and traders of indian ocean for its beauty and hospitality since 14th century. Today, world knows Maldives as a high end tourist destination for affluent Europeans. However, the latest surveys and 800 years old written history of the Maldives reveal a startling fact about lifestyle of the islanders. The history written by various eyewitnesses and sailors over the last hundreds of years have one uncontentious account on Maldivian lifestyle, especially on marriage. According to Ibn Battuta, a renowned 15th century Moroccan sailor, “It is easy to marry in these islands because of the smallness of the dowries and the pleasures of society which the women offer. When the ships put in, the crew marry; when they intend to leave, they divorce their wives”. The divorce and remarry was part of everyday life of the Maldivians. Battuta himself took pleasure marrying with local women. He wrote, “In these islands, I married several women;" It would be normal for a Maldivian woman to have lived in several different houses with each marriage taking her to a new dwelling. In this journey she would normally take...
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...Paper November 23rd, 2011 Maldives The country of Maldives is officially known as the Republic of Maldives, or as many people know of it as the Maldive Islands. It is located in the Indian Ocean, island nation, and the way that it is formed is by a double chain of twenty-six atolls (1). An “atoll” is a coral island that surrounds a “lagoon” partially or completely (1). The major surrounding countries near Maldives are Sri Lanka and India, Maldives is about 430 miles from Sri Lanka and about 250 miles from India (1). The major type/s of topography for Maldives is the fact that it is a cluster of around 1,200 small islands (2). One of the islands consists of just the capital, Male, and another one of the islands serves the purpose of the nation’s airport. Besides those two islands, basically every island serves a single purpose. They have an island just to store their fuel, one for their dump yards, 199 of them for population, and 80 islands that consist of major tourist locations (2). For the Maldive Islands there really only one major language spoken, Dhivehi (1). It is a Indo-European language and it spoken by at least 350,000 people on the islands (1). The present-day script that is used on the islands is called Thanna and what is quite interesting about this is that it is written from right to left, unlike us who go from left to right (1). According to the UNESCO (United Nations Educational, Scientific and Cultural Organization) the Maldives Islands are considered a...
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...International Hospitality Management The importance of training and development in hospitality industry: Maldives Resorts BSc (Hons) International Tourism and Hospitality Management Contents 1.0 Introduction …………………………………………………………….. 3 – 4 2.0 Literature Review 2.1 Aims & objectives of training and development ……………………. 2.2 Reasons for employee training and development …………………… 2.3 The importance of training and development ……………………….. 2.4 General benefits from training and development …………………… 5 5 5–7 8 3.0 Training and development in the Maldives hospitality industry……….... 9 – 12 4.0 Conclusion and recommendations ………………………………………. 13 – 14 5.0 References ……………………………………………………………….. 15 Page 2 of 15 1.0 Introduction First of all let’s check out what is training and development? According to Wikipedia, training refers to the acquisition of knowledge, skills, and competencies as a result of the teaching of vocational or practical skills and knowledge that relate to specific useful competencies. In other words training is specialised instruction or practice that assists in changing an individual’s behaviour so that their performance will become more proficient. Furthermore, (Dunk, 2003) stated that training is the process which is used for the development of knowledge and skills needed to perform the jobs, duties and tasks in an organization. As per (Hinkin, 2006) training is a four-stage process which consists of assessment, development, implementation and...
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...environments shape the behaviour of an organisation ........................ 4 Conclusion ....................................................................................................................................................... 5 Reference ......................................................................................................................................................... 5 Business Environment Executive Summary This report pertains to purpose of different types of organisation and their responsibilities towards stakeholder. Additionally, this report analyse the effects of business and cultural environment to organisation. This repots is based upon one the largest financial institution in the Maldives, Bank of Maldives PLC. PAGE 1 Business Environment P 1.1. The purpose of different types of organisation. An organisation can be define as number of people working to achieve common goals and standard performance. There many different types of organisation with different purpose and goals. Shapes and sizes of organisation differ from each other (Greener, 2010). Some types includes; Private sector: These are organisation which main aim is to maximize profits and mostly...
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...BBPS4103 BBPS4103 fathimath ABDUL Sattar S1404021286 BHRM 08 fathimath ABDUL Sattar S1404021286 BHRM 08 Strategic management Maldives tourism development corporation plc. Strategic management Maldives tourism development corporation plc. Contents INTRODUCTION 2 MTDC Core Strengths 2 Vision 3 Mission 3 Business Principles and Strategies 3 ELEMENTS OF STRATEGIES 4 CONCLUSION 9 REFERENCE 10 introduction When tourism was introduced in Maldives in 1972, tourism pioneers had strived hard to uphold the industry which was started from nothing. Today tourism had become the main source of income and prosperity to Maldives. MTDC was establish to structure and develop tourism industry of Maldives while protecting and preserving the nature. Government of Maldives established MTDC as the first public company for tourism development on 9th April 2006. MTDC had aimed to make every citizen of Maldives as their shareholder, in order to have a reward from the industry. They envision Maldivian to invest in tourism. Today MTDC ensures that every shareholder of the company have a proper distribution of shares. MTDC intends to provide tourism development to all the corners of Maldives so that communities can gain direct and indirect benefit. Moreover to outsource operations of resorts to local community so that would have more opportunities for employment. MTDC Core Strengths * Management Team The organization understands that a good leadership is...
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...More solar panels affixed at govt buildings Azuhaar Abdul Azeez, Haveeru Online Apr 29, 2014 - 04:19 * * Solar panels being fixed atop a government school in Male: The project is funded through a grant of one billion Yen from the Japanese government. HAVEERU FILE PHOTO The government on Tuesday said that solar panels affixed at two government offices, under the project to generate electricity using renewable energy, are now being tested. Under the third phase of the project for clean energy promotion in capital Male, solar panels have been fixed onto the roofs of the hospital Hulhumale and atop the finance ministry building. Under the first two phases of the project, solar panels had been affixed on 10 buildings in Male, and those panels along with a system that can generate 675 kilowatts of electricity are being used by the State Electric Company (STELCO) to generate electricity. The system established in the first phase generated 395 kilowatts of energy and another 280 kilowatts were generated in the second phase. Under both the phases, solar panels were affixed atop many government buildings such as some schools and the President's Office. The environment ministry said on Tuesday that 740 kilowatts of energy would be generated at the completion of the third phase and that this will save 300,000 litres of diesel within a year. In terms of houses in male, it would be equivalent to the electricity consumed in 185 households. The project is funded through...
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...resource available was tuna. At that time the development of the country was slow so there is no banking system, no available funds for major investments and no commercial industries as well. After some days in 1994 a fully-funded business was set-up by the government which is named “Athireemaafannu Trading Agency (ATA)”. Their main aim was to provide essential food items to the nation. 9th June 1979 is the day which ATA became STO with so much improvements. After that they kept growing and growing. Now the organization is a highly appreciated company which almost sells all the items. STO can be considered as the best organization in the retail industry in Maldives. STO is a very huge organizations which all the board of directors are set by the government. This is a partnership business. They have 6 subsidiaries in Maldives. At first this organization was a fully government organization but now this organization is partly government and partly managed by an individual. Their main purpose is to enriching lives through expansion and accessibility. Which means letting people purchase their goods freely and openly. They have a very huge shop in male’. And the customer service of the organization is very good. Which is why most of the people select STO as their best place to buy their goods. The organization give a very special focus on achieving their objectives. To achieve their objectives they conduct promotions like ‘Eid promotion and Ramadan promotions. In that promotions they...
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...is the Maldives' first private satellite television broadcaster. Launched on 05 September 2008 (in the holy month of Ramadhan), the station beams a single encrypted channel via the Thaicom 5 satellite and offers a range of news and entertainment programmes in Dhivehi, the Maldivian national language. The station is a state-of-the-art facility featuring an all-digital tapeless workflow for ingest, post-production, storage and transmission with full station automation and a full-fledged newsroom computer system. The Villa Television station emerged from the vision of Gasim Ibrahim, the Chairman of the Villa Group who also served as the Finance Minister of the Maldives. Project coordination on-site was handled by VTV's Mohamed Shameem and principal engineering on-site was coordinated by VTV's Abdul Latheef. The design, consultancy, procurement and turnkey systems integration jobs were all handled by LSV Singapore (Derrick Ang - Team Head, Bobby Nair - Project Director, Boon Kim Ang - Technical Director, David Phillips - Integration Chief, Anthony Choo - Sales & Supply, and Werner Pauser - Installation Engineer). Nearby cities: Male', Kanduhulhudhoo, Fares Coordinates: 4°11'8"N 73°26'34"E VTV is the second private TV channel of the Maldives. It was inaugurated in 2008. The channel is run by Island Broadcasting Company Pvt Ltd. Launched | September, 2008 | Owned by | Island Broadcasting Company | Country | Maldives | Broadcast area | Maldives, South Asia...
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...Student Name: A.R.M.K.K. Amunugama Tutors Name: Ms. Ariane Lengyel Subject: International Hotel Management Assignment title: Hotel Development Project ____________________________________________________________ ____________________________________________________________ _ Table of Content ____________________________________________________________ ____________________________________________________________ _ Introduction ____________________________________________________________ ____________________________________________________________ _ The purpose of this assignment is to enable myself to demonstrate an understanding of: • The political, economic, social, technical, legal and environmental factors affecting contemporary international hotel development. • The geographic, ownership organizational and financing options available to international developers. • The development planning process. • The special considerations in managing international hotel operations. • A range of different national and commercial hotel classification systems and standards • Travel distribution systems. How the work planned, organized, researched, monitored and carried out the assignment: To do this assignment successfully I scheduled my work in to a time frame. I set the time to read the book, tutorials, magazines and make the notes regarding the International Hotel Management assignment.. To get good theory knowledge first thing...
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...Samoa is a small country in the Pacific Ocean. It consists of two main islands Savaii and Upolu with several smaller surrounding islands. It is a tropical island with two distinct seasons, the wet and the dry (peak) season. Until 2009 Samoa had enjoyed strong and steady growth in visitor arrivals. From data collected it can be analysed that between 1998 and 2008 total visitor arrivals had increased by nearly 80 percent to 122,163 (Figure 1) (IMF, 2010). Visiting friends and relatives (VFR) is one of the most prominent segments, comprising 37.3 percent of all visitors in 2009 (Figure 2) (IMF, 2010). The number of holiday tourists have also increased from 30.4 percent in 1997 to 39.8 percent in 2009, with the remainder being business visitors whose numbers have remained fairly stable (IMF, 2010). Prior to 2009, Samoa had been relatively competitive as a tourist destination in comparison to other Pacific Islands. Samoa has found its niche market with the fale (traditional beach hut) experience as a distinctive selling point. Furthermore, strong family links with Samoans living in neighbouring countries have significantly contributed to the growing strength of its tourism industry. As a result, tourism has become a key source of income and economic growth. Earnings in the tourism sector increased by 191 percent with growth particularly evident in the three years 2005-2008. Tourism receipts are approximately equivalent to 20 percent of GDP, making the sector by far the single largest...
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...shriek of a fire truck siren slicing through the air that RaajjeTV staff woke to that Monday morning. The air smelt of burning plastic and iron was the only thing that remained of the expensive broadcast and transmission equipment used by the station. The story unravels now as the picture shows that this brutal act of arson carried out through the uninterested youth. While the vicious attack had destroyed other offices and their stock in the same building as the fire and smoke spread through the pipes the building has been rendered unfit for use. The Maldives Police Service had early on in the investigation revealed that this wasn’t simply an act of arson but an act of organized crime backed by underhand. And the names of these criminal organizers have echoed from ear to ear as whispers to the point that it has become an open secret. Now what thousands of people are waiting for is for the Maldives Police Service to officially identify the perpetrators. Though they claim that they’re using every resource available to them, the MPS is yet to single out any one perpetrator. There hasn’t been a day since the controversial transfer of power on 7th February, 2012, where the RaajjeTV staff went without a threat of being assaulted. Despite being owned by Maldivian citizens, run by Maldivian citizens and greatly supported by Maldivian citizens, this station has faced constant prejudice and discrimination from the Maldivian authorities. RaajjeTV has been stripped...
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...The fresh-water pool at Zitahli Resort & Spa is perfect to lounge around The super deluxe beach villa is an oasis for the weary worth ` 1.40 Log onto traveLweLL.in Lakh and win a holiday to the maldives a n Two new experience, a new beginning and a new sense of appreciating nature. In keeping with the Maldivian sense of hospitality, Zitahli Resorts & Spa has been designed to remain in harmony with nature, without compromising on the quality of service. Surrounded by untouched reefs, turquoise waters and pristine beaches, this 5-star luxury resort has 50 contemporary, chic villas, 20 on land and 30 on the water. The name Zitahli comes from a combination of ‘Zita’, a star that rotates around the sun, and ‘Li’, a Chinese measure of distance, indicative of the resort’s distance from the real world while providing the perfect place to relax and rejuvenate in idyllic surroundings. the prize nights stay (on B&B basis) for a couple at Zitahli Resorts & Spa in the Super Deluxe Beach Villa with pool and access to the Zitahli lounge at the airport n Return Sea-Plane transfers Terms and Conditions for claiming the Gift Voucher/ coupon through a Lucky Draw: 1. The Lucky Draw is organised by Worldwide Media Private Limited (WWM) and is binding on all participants to this Lucky Draw and all applications for participation would be in the original form. Only one entry permitted per person. Entries made in bulk or by third parties are prohibited. WWM reserves the right...
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...The Maldives or Maldive Islands, officially the Republic of Maldives, is an island country consisting of a group of atolls stretching south of India's Lakshadweep islands between Minicoy Island and the Chagos Archipelago, and about seven hundred kilometres (435 mi) south-west of Sri Lanka. Economy [pic] Typical Maldives market In ancient times the Maldives were renowned for cowry shells, coir rope, dried tuna fish (Maldive Fish), ambergris (Maavaharu) and coco de mer (Tavakkaashi). Local and foreign trading ships used to load these products in Sri Lanka and transport them to other harbours in the Indian Ocean. From the 2nd century AD the islands were known as the ‘Money Isles’ by the Arabs who dominated the Indian ocean trade routes— The Maldives provided enormous quantities of cowry shells, an international currency of the early ages. The cowry is now the symbol of the Maldives Monetary Authority. The Maldivian Government began an economic reform program in 1989, initially by lifting import quotas and opening some exports to the private sector. Subsequently, it has liberalized regulations to allow more foreign investment. Real GDP growth averaged over 7.5% per year for more than a decade. Today, the Maldives' largest industry is tourism, accounting for 28% of GDP and more than 60% of the Maldives' foreign exchange receipts. Fishing is the second leading sector. In late December 2004, the major tsunami left more than 100 dead, 12,000 displaced, and property damage exceeding...
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...IMPORTANCE OF IMPLEMENTING FORENSIC ACCOUNTING IN LISTED COMPANIES IN MALDIVES BUSINESS RESEARCH METHODS AIHAM MOHAMED AHMED TP029473 Table of Contents CHAPTER 1 3 1.1 ITRODUCTION 3 1.2 BACKGROUND OF THE STUDY 3 1.3 STATEMENT OF THE PROBLEM. 4 1.4 RESEARCH OBEJCTIVES 5 1.5 SIGNIFICANCE OF THE STUDY 6 1.6 SCOPE OF FEASILBILTY OF THE STUDY 7 1.6.1 SCOPE 7 1.6.2 FEASIBILITY OF THE STUDY 7 CHAPTER 2- LITERATURE REVIEW 8 2.1 DEFINITION OF FORENSIC ACCOUTING. 8 2.2 IMPORTANCE OF FORENSIC ACCOUNTING IN LISTED COMPANIES IN MALDIVES. 9 2.2 FORENSIC ACCOUNTING HELPS TO ELIMINATE CORRUPTION. 10 2.3 FORENSIC ACCOUNTING INFLUENCES THE ORGANIZATIONAL PERFORMANCE 11 2.3 CURRENT SITUATION IN MALDIVES. 12 CHAPTER 3 – RESEARCH METHODOLOGY 14 THEORETICAL FRAMEWORK 14 3.2 TYPES OF DATA 16 3.3 SAMPLING DESIGN 17 3.4 DATA ANALYSIS 17 3.5 HYPOTHESIS TESTING 18 4. CONCLUSION 19 REFERENCE 20 IMPORTANCE OF IMPLEMENTING FORENSIC ACCOUNTING IN LISTED COMPANIES IN MALDIVES. CHAPTER 1 1.1 ITRODUCTION The main purpose for this research to be carried out is to investigate the importance of forensic accounting in the business world, and how important it is to implement a solid forensic accounting system in the listed companies in Maldives. This chapter provides an overview of the study that contains the background of the study, the statement of the problem, research objectives, significance of the study the limitations faced while doing the...
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