Business
EU leaders agree: they’re not ready to sign off a recovery plan
BRUSSELS (Reuters) – EU leaders agreed on Friday that urgent action was needed to haul their coronavirus-hit economies from the deepest recession since World War Two, but made no progress on a massive stimulus plan that has divided them bitterly for weeks.
The 27 avoided a bruising bust-up during a summit by video-conference of around four hours, and agreed to meet in person in mid-July to haggle and get across the line a long-term budget and economic rescue package worth 1.85 trillion euros.
“Leaders unanimously agreed that the severity of this crisis justifies an ambitious common response,” Ursula von der Leyen, President of the European Commission, told reporters.
Earlier, European Central Bank chief Christine Lagarde warned the leaders that the European Union’s economy was in a “dramatic fall” due to the coronavirus crisis and that the full impact on unemployment rates was yet to come.
Under discussion is the EU’s 2021-27 budget of about 1.1 trillion euros, and a proposal by the Commission, the bloc’s executive, to borrow 750 billion euros from the market for a new recovery fund that would help revive economies hardest hit by coronavirus, notably Italy and Spain.
With more than 100,000 deaths from COVID-19, the EU is keen to demonstrate solidarity after months of bickering that has dented public confidence and put the bloc’s global standing at risk after its buffeting from Brexit.
A ‘not so particularly useful’ summit
Spanish Prime Minister Pedro Sanchez voiced impatience with a negotiation process that officials say could drag into August, calling for an early agreement.
“The more time we waste, the deeper will be the recession,” he said on Twitter.
But Swedish Prime Minister Stefan Lofven said member states remained “fairly far from each other” and while everyone wanted to do a deal over the summer he was not sure it was possible.
Fiscally conservative northern countries of the EU and a high-debt “Club Med” group of southerners are divided over the size and terms of the recovery fund, which the Commission has suggested be split into two-thirds grants and one-third loans.
The Netherlands, Denmark, Sweden and Austria – the “Frugal Four” – say the fund is too large and should be used only as loans, since grants would have to be repaid by all EU taxpayers.
They want the funds to be clearly linked to pandemic recovery and say recipients must commit to economic reform.
Austrian Chancellor Sebastian Kurz called for a clear time limit on the recovery fund so it does not become an “an entry into a permanent debt union”.
Eastern EU countries say too much money will go to the south and want spending to focus on agriculture and closing development gaps with the richer west. The latter group, in turn, are determined to keep their rebates on contributions to the bloc’s joint coffers, which others want to phase out.
One senior EU diplomat said while there was little to show for the summit, at least it was cordial.
“It was not particularly useful,” the diplomat said. “On the other hand, it was not very controversial either, and the tone of the debate was OK.”
Reporting and photo: Reuters
Business
Feydhoo Hall opens at dusitD2 Feydhoo Maldives as new event space
Dusit International, one of Thailand’s leading hotel and property development companies, has announced the opening of Feydhoo Hall, a landmark event venue at dusitD2 Feydhoo Maldives, redefining the possibilities for meetings, celebrations, and destination events in the Maldives.
Designed to bring scale, flexibility, and creativity to island gatherings, Feydhoo Hall represents a bold step forward in positioning the Maldives as a dynamic destination for conferences, weddings, and large-scale social occasions.
Feydhoo Hall offers a versatile event complex designed to accommodate a wide range of gatherings, from corporate meetings and conferences to weddings and social celebrations.

At its core is the 390 sqm Main Hall, capable of hosting:
- Up to 300 guests in theatre-style setup
- Up to 240 guests for dining and banquet-style events
- Up to 200 guests for cocktail-style receptions
- Up to 144 guests in cluster-round configuration
Enhancing the flexibility of the venue are additional dedicated spaces, including:
- A 110 sqm Veranda Terrace, ideal for welcome receptions, breakout sessions, and pre-event gatherings, accommodating up to 100 guests for cocktail-style events.
- A spacious 1,000 sqm Lawn Space, perfect for large-scale outdoor celebrations, destination weddings, and open-air events, accommodating up to 400 guests for cocktail receptions and up to 350 guests for dining setups.
- The 55 sqm Ekugai Meeting Room, designed for smaller meetings and executive sessions, accommodating up to 30 guests in theatre or dining setup and 24 guests in cluster-round format.
Together, these integrated spaces create a seamless indoor-outdoor event experience, allowing planners to design dynamic and personalised event journeys.
True to the dusitD2 brand’s lifestyle-driven philosophy, Feydhoo Hall introduces a fresh approach to meetings and events — where productivity meets creativity in an inspiring island setting.
The venue offers flexible meeting formats designed to suit different event needs, including:
- Half-Day Meeting Package (4 hours) — ideal for focused sessions, executive meetings, and creative workshops.
- Full-Day Meeting Package (8 hours) — designed for immersive conferences, extended workshops, and large-scale corporate gatherings.
These thoughtfully structured packages provide planners with the flexibility to create impactful and seamless experiences, whether hosting intimate strategy sessions or dynamic full-day events.

Located just seven minutes by speedboat from Velana International Airport, dusitD2 Feydhoo Maldives combines accessibility with vibrant lifestyle energy, offering event planners and guests a rare balance between convenience and tropical escape.
With the introduction of Feydhoo Hall, the resort strengthens its position as a versatile destination — not only for leisure travellers but also for international conferences, creative retreats, luxury weddings, and large-scale social celebrations seeking something refreshingly different in the Maldives.
Business
BBM expands retail presence with new Hulhumalé outlet
Bestbuy Maldives (BBM) opened a new wholesale store in Hulhumalé Phase 2 on Monday.
The outlet is located on the ground floor of Lot 20286, Nirolhu Magu, and is intended to improve access to BBM’s imported goods for residents of Hulhumalé Phase 2 and for businesses operating in the area.
According to the company, the opening forms part of its plan to expand services closer to customers in line with population growth in Hulhumalé.
With the opening of the new store, BBM’s full range of imported and distributed products will be available at the Hulhumalé Phase 2 location. These include consumer goods from international brands such as Lifebuoy, Vaseline and Unilever.
The store will also stock wholesale food products from brands including Daily, Cavin’s and Redman.
BBM has supplied goods to resorts, hotels and retail outlets across the Maldives for several years.
Action
Ataraxis Grand & Spa hosts integrated work-and-dive corporate retreat in Fuvahmulah
Ataraxis Grand & Spa recently hosted a week-long, closed corporate offsite in Fuvahmulah for a US-based artificial intelligence company, highlighting the island’s growing suitability for integrated work-and-experience retreats. The retreat brought a group of 36 international professionals to the property, which was reserved exclusively for the programme.
Designed as a private company offsite, the stay combined structured daily work sessions with guided diving and beginner-friendly surf experiences, creating a balanced format that blended focused collaboration with physical reset.

A notable component of the programme was dive training and certification. During the retreat, 17 participants completed their Open Water certification, while a further six undertook the Advanced Open Water course, with training and dives scheduled alongside work sessions as part of the integrated itinerary.
Throughout the week, participants worked on-site using dedicated shared spaces supported by reliable high-speed internet, allowing meetings, informal collaboration and scheduled activities to take place within a single, uninterrupted environment. This setup enabled teams to move seamlessly between work periods and organised ocean activities without leaving the property.

Fuvahmulah’s natural and operational advantages formed a key part of the retreat’s appeal. As one of the Maldives’ largest inhabited islands, it offers immediate access to pelagic dive sites, internationally recognised shark diving and surf breaks suitable for instruction, alongside the infrastructure required to support extended group stays.

The offsite reflects a growing preference among technology and knowledge-sector teams for small-scale retreats that prioritise concentrated work environments and team cohesion over traditional conference formats. Such programmes typically involve longer stays and higher per-capita spend, aligning with sustainable, quality-driven tourism models.
The retreat also demonstrates how locally operated properties such as Ataraxis Grand & Spa are supporting this shift by delivering unified environments where accommodation, workspaces, connectivity and curated experiences operate as a single programme rather than separate services.

As organisations continue to explore alternative formats for strategy sessions, team resets and creative offsites, Ataraxis Grand & Spa’s experience positions Fuvahmulah as an increasingly viable destination for integrated corporate retreats.
Ataraxis Grand & Spa offers work-and-dive retreat programmes in Fuvahmulah that combine accommodation, dedicated workspaces, high-speed connectivity and organised diving and surfing.

Further information on retreat formats and dive-inclusive stays is available via the Ataraxis Grand & Spa website.
-
Featured1 week agoCoco Bodu Hithi and Coco Palm Dhuni Kolhu curate distinct Valentine’s escapes
-
News1 week agoJW Marriott Maldives Resort & Spa invites families to celebrate Eid Al-Fitr in island luxury
-
Action1 week agoInterContinental Maldives Maamunagau Resort launches ‘Swim with Nurse Sharks’ experience
-
Featured1 week agoYear of the Horse celebrations across Sun Siyam’s Luxury, Privé and Lifestyle resorts
-
Love1 week agoAzur rooftop at JEN Maldives sets stage for Valentine’s Day dining
-
Awards1 week agoVilla Park secures second straight HolidayCheck Award
-
Cooking1 week agoBaros Maldives’ The Lighthouse to present Duval-Leroy champagne pairing experience
-
Featured1 week agoCentara Hotels & Resorts marks Valentine’s Day with island-wide celebrations in Maldives


