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  • Pestel Facts of Maldives

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    afham84
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    The document summarizes the macro environment factors in Maldives. It describes the country as consisting of 1198 islands with 201 inhabited islands. The economy relies heavily on tourism, fishing, and trade. The population is predominantly Muslim and includes expatriate workers from Sri Lanka, India, and Europe. Politically, the country is still developing after ending a 30-year dictatorship three years ago. Economically, Maldives is a tax-free nation but taxes some imported goods. Demand for U.S. dollars and profit margins of 40-65% create opportunities for foreign investment. Socially, the culture has become westernized with an emphasis on health, fashion, and entertainment. Technology is readily available but expensive to access

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    Pestel Facts of Maldives

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    The document summarizes the macro environment factors in Maldives. It describes the country as consisting of 1198 islands with 201 inhabited islands. The economy relies heavily on tourism, fishing, and trade. The population is predominantly Muslim and includes expatriate workers from Sri Lanka, India, and Europe. Politically, the country is still developing after ending a 30-year dictatorship three years ago. Economically, Maldives is a tax-free nation but taxes some imported goods. Demand for U.S. dollars and profit margins of 40-65% create opportunities for foreign investment. Socially, the culture has become westernized with an emphasis on health, fashion, and entertainment. Technology is readily available but expensive to access

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    © All Rights Reserved
    Scarica in formato PDF, TXT o leggi online su Scribd
    Segnala contenuti inappropriati
    3K visualizzazioni2 pagine

    Pestel Facts of Maldives

    Caricato da

    afham84
    The document summarizes the macro environment factors in Maldives. It describes the country as consisting of 1198 islands with 201 inhabited islands. The economy relies heavily on tourism, fishing, and trade. The population is predominantly Muslim and includes expatriate workers from Sri Lanka, India, and Europe. Politically, the country is still developing after ending a 30-year dictatorship three years ago. Economically, Maldives is a tax-free nation but taxes some imported goods. Demand for U.S. dollars and profit margins of 40-65% create opportunities for foreign investment. Socially, the culture has become westernized with an emphasis on health, fashion, and entertainment. Technology is readily available but expensive to access

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    © All Rights Reserved
    Scarica in formato PDF, TXT o leggi online su Scribd
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    di 2

    Summary of MACRO Environment factors in Maldives

    Maldives is a combined set of 1198 islands with 201 habited islands and the rest still not
    having the population touch. The countrys economy is based on tourism, fishing and also
    severaltradeengagements.ThecommunityofMaldiviansspeakingDhivehiisalsohavingthe
    majority of Muslims and also includes the expats mainly sri Lankans, Indians and a set of
    Europeans. The expat staff is mainly in the executive levels in all kinds of business and trade
    engagementinthecountry

    The hotel & resort industry is mainly managed by few superior hotel operators such as
    Universalgroup,Jhonkeelsholdings,Angsana,Tajexotica&Hiltongroupalsohavingsomemini
    luxuryresortsinthebusiness.Currentlyduetoissuesexistinginthefinancesystemthehotels
    arefacingdifficultieswithbusiness.Highlightedinthissituationisthatthefinancesituationis
    not created due to global economy situations but it is because of localized issues mentioned
    further.

    PoliticalfactorinMaldivesisplayingthemajorrolewhereitinfluencesallproceduresintrade.
    Currentlytheexistinggovernmentisunderpressurewithnotfulfillingtherequirementwhich
    hasbeenpromised.The30yeardictatorshipofthepreviouspresidentwasended3yearsago
    andthecurrentgovernmentisstillinitiatingdevelopmentsinthecountry.Foreachandevery
    thingwhichengagesintothecountryithastogothroughsomeprocessesinthegovernment.
    Andextremisminthereligionisalsopressuringthegovernmentofthepresident.

    Economicfactor,acrucialroleinthecountry,Maldivesisanyhowataxfreenationbutwith
    limitedtaxationsinfewimportgoods.Brieflyallplasticrelateditemsandpackingistaxedhigh
    ratherthanthatnotaxationisapplied.ThedemandforUSDcurrencyexistsinthecountryand
    thelackofUSdollarshascreatedademandforimportswhichinvestorsfromoutsidecanmake
    goodmoney.Generallytheprofitmarginofallsortsofbusinessisaround40%to65%ofthe
    landingcosts.Therateoflocalcurrencyhasstayedsolidforthepast3to4yearsaccordingly
    theeconomyeasilyabsorbsnewtrendsandnewproducts.

    Social factor, simply a modernized society which is very much westernized in demand for
    FMCG,Cosmetics,servicesandentertainmentrequirements.Outgoingandlifeoutsideofhouse
    is a key identification of a local person. High concerns are there for personal health, food,
    clothingandotherrequirements.

    Technological&environmentfactor,advancesourcesoftechnologyisavailableinthecountry
    butatahighpricecomparedtotheactualrates.Andallsourcesareavailablemainlyinmale
    capital and around islands but very hard to get reach for other islands. All resources of
    technologyisavailableinallhotels&resortsandeasyaccessforusers.Allengagementsfrom
    clientstocustomersarealsoconcernedofechofriendly&healthfriendlyproductsandservices
    whichisverymucheasytopassthroughoutanyprocesstomarketit.


    Legal factor, is not strict as other nations due to the turnover of the previous government
    however new rules & regulatory are upcoming concerning all factors mentioned above.
    Highlighted in here is if any action from any institute or person is not in line with society,
    religionortrenditmaycauseabignewswithinthecommunityandormaygoevenintolegal
    frames.Generallywiththehotelsandresorttradenosuchissueexists.

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