News
Asia Capital and Belluna to develop Miriandhoo resort

Maldives.net.mv – Asia Capital PLC (ACAP) from Sri Lanka has announced plans for a resort project in the Maldives together with Belluna Co. Ltd. of Japan.
The project, which is expected to cost approximately $ 45 million, envisions the development of a 70-room luxury property on the island of Miriandhoo, situated in the Baa Atoll.
The scope of the project covers developing accommodation and other associated facilities with particular attention being focused on guest services, staff facilities, and other related guest and infrastructure facilities which are expected from a star class resort. As part of the development of resort facilities, the project also entails building support service facilities in the resort.
Speaking about the potential for this project, Asia Capital PLC Group Chief Executive Officer Stefan Abeyesinhe said: “Given the rapid growth in tourist arrivals experienced by Asia and the Pacific as well as the Maldivian government’s support to investors, several new development projects have been initiated in the Maldives. However, the increase in bed capacity may not be adequate to cater to the faster growing tourism industry; hence, ample opportunities are available for new investments into the Maldivian tourism industry. Investing into Maldives is a new area of focus for Japanese investors and we are happy to partner with Belluna to assist them in this endeavour.”
International tourism set a new record by the end of 2014 as 1.1 billion international tourists were recorded as travelling the world. The target, 1.2 million arrivals by 2014, set for the Maldives was achieved as a total of 1,204,857 tourists visited the country during the year; an increase of 7.1% compared with that of 2013. The growth rate was in line with the South Asian tourist arrival rates and outpaced global tourist arrivals.
Established in 1968, Belluna Co., Ltd. operates in the mail order industry in seven segments: General Mail Order, Specialty Mail Order, Retail Store Sales, Solution, Finance, Property, and Other and is headquartered in Ageo, Japan. The company possesses a comprehensive database and other management resources that have been cultivated through its mail order business, and has expanded into related fields to realise steady and continuous growth.
Asia Capital PLC is the largest investment bank in Sri Lanka to be listed on the Colombo Stock Exchange. As a group, Asia Capital has identified strong potential in the property, leisure and real estate sectors and is focused on these avenues of growth. However, whilst focusing on the leisure sector, Asia Capital continues to maintain its strong footing in investment banking operations.
Celebration
Celebrate Eid al-Adha in style with Hulhule’ Island Hotel’s Festive ‘Eid Malaafaiy’ events

Hulhule’ Island Hotel (HIH) has announced its festive ‘Eid Malaafaiy’ celebrations for Eid al-Adha—a three-day series of events that combine joyful festivities, luxurious experiences, and signature Maldivian hospitality. From lively family activities to romantic getaways, the hotel offers an inviting setting for guests to enjoy a memorable holiday in the heart of the Maldives.
The celebrations are set to begin on Friday, 6th June 2025, with the launch of the Eid Sunbuli experience. This package features a stay in a Superior Room for two guests, inclusive of access to special entertainment and the highly anticipated HIH Bodu Gala Dinner, held at the Faru Courtyard from 18:00 to 21:00 hrs. Designed with both families and couples in mind, the Eid Sunbuli package is offered at special rates. Guests who prefer to attend only the evening’s culinary experience can enjoy the curated dinner for $40 net per person.
The festivities continue on Saturday, 7th June, with Eid Mariyaadhu, a full day of activities suited for all ages. Events kick off at the Pool Bar with Eid Maja Fen Kulhi, offering Water Polo, Aqua Basket, and Aqua Zumba sessions from 10:00 to 17:00 hrs. A Chef Market and live barbeque will be available from 12:00 to 14:00 hrs by the Poolside. Additionally, a Junior Masterclass with a luxury chef is scheduled from 15:00 to 17:00 hrs, providing young guests with an interactive cooking experience. The day concludes with a kids’ movie night under the stars at Spa Garden, complete with flavoured popcorn and snacks. Participation in these activities is open to all guests, regardless of package bookings.
On Sunday, 8th and Monday, 9th June, the hotel presents its ‘Treat Your Better Half’ offer, specially curated for expatriates. Hosted at the Pool and Champs Bar, this romantic package features three exclusive beverage offerings—Fan Maali, Mashi Maali, and Bodu Maali—designed to create a relaxing and intimate ambiance for couples to unwind and connect during the holiday period.
Whether guests are seeking a lively family retreat or a peaceful holiday escape, Hulhule’ Island Hotel’s ‘Eid Malaafaiy’ celebration promises a vibrant blend of festivity, relaxation, and authentic local flair. With each detail thoughtfully crafted, the hotel ensures a festive Eid al-Adha experience filled with cherished memories.
Featured
Gallery Restaurant reopens at Bandos Maldives with elegant new look

Bandos Maldives has officially announced the reopening of its main buffet venue, the Gallery Restaurant, on 1st June 2025. Originally constructed in 2004, this renovation represents the first major upgrade to the restaurant in over twenty years.
The extensive refurbishment was carried out by the local architectural firm Hannaan Architects, with interior design by AIDIZ Interior Design. The transformation has resulted in a modern, elegant space that offers a more spacious and welcoming dining atmosphere, seamlessly blending contemporary design with the resort’s enduring charm.
As the second resort to be established in the Maldives, Bandos Maldives continues to honour its heritage while embracing progress. The newly renovated Gallery Restaurant stands as a reflection of this dedication to evolution and excellence.
According to Ismail Rasheed, General Manager of Bandos Maldives, the aim of the renovation was to retain the essence of Bandos while introducing a fresh, modern aesthetic to one of the resort’s most iconic venues. He emphasised that the project not only elevates the dining experience for guests but also symbolises Bandos’ ongoing journey of growth and transformation.
Awards
OBLU SELECT Sangeli achieves Green Globe Gold Certification for fifth consecutive year

In 2025, traveling more sustainably continues to be a priority for most travellers, with 84% indicating its importance according to Booking.com’s 2025 Travel & Sustainability Report. Reflecting this growing eco-conscious mindset, OBLU SELECT Sangeli, an award-winning resort in the North Malé Atoll, has achieved the prestigious Green Globe Gold Certification. This marks five consecutive years of independently accredited sustainability excellence.
Green Globe, a globally recognised certification for sustainable tourism, evaluates environmental, social, and economic practices. To attain Gold status, a property must be certified for five consecutive years, demonstrating consistent improvement and responsible management across all operational areas.
The milestone was celebrated during a special island ceremony, where the Green Globe certificate was officially presented by Babli Jahau, General Manager at NSURE Private Limited. Jahau praised the team’s dedication and collaboration, noting, “Green Globe Gold is a true mark of excellence. OBLU SELECT Sangeli has demonstrated long-term commitment to protecting the Maldives’ fragile ecosystem while engaging both the island team and guests in meaningful sustainability initiatives.”
Jenni Hartatik, General Manager of OBLU SELECT Sangeli, emphasised the resort’s dedication to sustainability, stating, “At OBLU SELECT Sangeli, sustainability is an integral part of operations. From coral plantations and marine life sessions to reusable glass water bottles and gentle reminders for towel and linen reuse, every aspect reflects a commitment to sustainable hospitality. These thoughtful details not only create memorable stays but also promote eco-friendly practices.”
Central to the resort’s success is a holistic sustainability strategy underpinned by comprehensive policies. These include a broad environmental policy, an eco-conscious purchasing framework, landscaping practices favoring native plants and water conservation, and a biodiversity policy dedicated to preserving Sangeli’s unique island ecosystem. From energy reduction and waste diversion to flora and fauna protection, environmental stewardship is integrated into the resort’s daily operations.
The resort’s coral restoration project has successfully transplanted over 10,000 coral fragments through coral nursery and frame techniques. Despite bleaching events impacting the Maldives, Sangeli’s reefs displayed notable resilience, underscoring the effectiveness of ongoing restoration efforts and marine protection measures. Adding creativity to conservation, the resort’s ghost net upcycling initiative transforms discarded fishing nets into handmade bracelets, sold to guests, with proceeds supporting coral restoration efforts. This initiative combines environmental action with community-driven craftsmanship.
As part of the Sangeli Muraka Project, a state-of-the-art underwater camera now live-streams footage from a coral garden directly to guest villas. This immersive experience enables travellers to observe the dynamic reef ecosystem in real time, perfect for those who do not snorkel or dive. The footage is also featured during marine biology sessions and at the Muraka Marine Centre, fostering greater appreciation and engagement with ocean conservation.
The resort’s on-site biogas plant significantly contributes to sustainability by processing up to 1,000 kilograms of kitchen waste daily. This generates methane gas that supplies approximately 40% of the kitchen’s gas needs, while the compost byproduct is used to fertilise landscaped areas, creating a full-circle sustainability loop.
Located on the serene north-western tip of North Malé Atoll, OBLU SELECT Sangeli offers a tropical retreat for couples and families alike. This five-star resort combines natural beauty, contemporary villa design, and world-class dining through the all-inclusive Serenity Plan™, while being in proximity to some of the Maldives’ most vibrant diving and snorkelling spots. The resort stands as a testament to how travel and environmental responsibility can coexist, delivering unforgettable experiences with a lighter ecological footprint.
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