Archive for: ‘April 2021’

Maldives supply vacationers vaccines on arrival

April 27, 2021 Posted by kyu7

The Maldives will soon be offering vaccinations to visitors upon arrival. This is part of their tripartite initiative to revitalize the country’s hard-hit travel sector, said the tourism minister.

Currently, visitors to the Maldives must present a negative polymerase chain reaction (PCR) test and proof of hotel booking to gain entry. Mausoom said the country’s health protection agency will “very soon – maybe even this week” make an announcement of unrestricted entry to vaccinated arrivals.

The Maldives, an archipelago state in South Asia known for its tropical beaches and pristine waters, is heavily dependent on its tourism industry. Around 67% of the gross domestic product (GDP) comes directly and indirectly from the sector.

The Minister of Tourism would not be pressured into a timetable for introducing visitor vaccination. He noted that the government’s priority is to ensure that all resident populations get their first and second shots first.

However, once that process is complete, the country will be ready to vaccinate arrivals, he said.

I don’t think the supply in the Maldives is a problem because our population is relatively small.

Abdulla Mausoom

Minister of Tourism, Maldives

To date, according to Reuters’ vaccination tracker, around 53% of the approximately 530,000 inhabitants of the island state have received their first dose. Around 90% of frontline tourism workers have received their first dose, Mausoom said.

Mausoom didn’t say whether the comers are expected to pay for their shots, but he said supplies would not be an issue.

He said the country has received vaccine donations from India, China and the World Health Organization’s Covax program, which is designed to ensure vaccines are distributed fairly and equitably. The Maldives have also ordered additional supplies from Singapore, he said.

“I don’t think the supply in the Maldives is a problem because our population is relatively small,” said Mausoom. “The quota that we receive from the various organizations and friendly nations will also help.”

White sand and clear water in the Maldives.

Mausoom said the tourism campaign is a necessary strategy to help the country meet its goal of 1.5 million tourist arrivals and 10 million overnight stays this year.

“If we achieve this year’s goal, we will still be short of the country’s needs,” he said. “Still, that’s a lot better than we expected at the end of 2020.”

Work – Working in the Maldives has become very trendy. You see very rich executives, executives of companies who come here and are based here.

counts Chipotle, Darden as a “Final Man Standing” restaurant

April 18, 2021 Posted by kyu7

“After a year of slaughter, large companies with deep pockets are triumphing over their smaller competitors who didn’t make it,” said the Mad Money host.

The scenario will play out briskly in the restaurant industry, Cramer said.

Last year, more than 110,000 eating and drinking establishments closed temporarily or permanently during the Covid-19 pandemic. The impact resulted in the loss of 2.5 million jobs in the industry, according to the National Restaurant Association.

Coronavirus restrictions in New York City also pushed Cramer to close the doors of his two Brooklyn neighborhood restaurants until coronavirus vaccines spread and the U.S. health crisis came under control.

“As a restaurant owner, I can tell you that companies like Darden and Chipotle are now getting stakes in empty storefronts,” he said.

In addition to Chiptole and Darden, the parent company of Olive Garden, Cramer pointed to Cheesecake Factory, Yum Brands, Texas Roadhouse and Starbucks as beneficiaries of the current environment.

“Now that tens of thousands of small businesses have gone down so sadly and unfortunately, their bigger rivals are the last of the men, which means they will make a fortune as the country reopens because there is no one left to challenge them.” “

When the pandemic support was delivered to Fundamental Road, criminals seized

April 3, 2021 Posted by kyu7

Korena Keys’ small business was hit hard when the pandemic first started last year.

KeyMedia Solutions, a digital media company of Sioux Falls, South Dakota, posted a 60% year-over-year revenue decline in May. She was able to secure a $ 115,000 loan from the Small Business Administration’s paycheck protection program to keep the workers busy until things stabilized.

When Keys received filing from the SBA in January that an additional $ 150,000 loan had been taken out on behalf of her company under the Disaster Loan for Economic Injury program, she believed it was a mistake.

Korena Keys runs a digital marketing company in Sioux Falls, South Dakota. She received help from the Small Business Administration’s Paycheck Protection Program, but found that her identity was stolen in order to obtain a fraudulent loan under the Economic Injury Disaster Loan Program for $ 150,000.

“We made a conscious decision not to seek any other assistance,” said Keys. “We thought these funds had to be left for companies that are not doing so well.”

Although she says she didn’t receive the money, the loan is very real and payments of nearly $ 800 a month are slated to start in November. The loan was approved, Keys said, despite the fact that the application contained inaccurate information about their company, including an incorrect phone number, email address, and financial details.

“The shock of that really turned into frustration and anger,” Keys said, adding that several other companies in their community had similar stories of identity theft in these aid programs.

She has filed claims with the Inspectorate General of the SBA and his fraud department, but she has not yet been released from responsibility, although she is hopeful that things will be cleared up before the loan falls due. Hours were spent damaging their business and trying to pay off the loan.

“It definitely caused some sleepless nights,” she said. “Until it’s in writing, I always worry. It’ll just hang over me until it’s done.”

Get help out the door

When the U.S. government and the SBA rushed out of the door last year for companies hit by the pandemic, criminals took advantage of these assistance programs and in some cases stole the identities of business owners to use this information to fraudulently Obtain credits for profits. A recent analysis of SBA’s OBA project fraud under Covid-19 small business programs could reach $ 84 billion.

In total, the U.S. government has provided more than $ 1 trillion in aid to Main Street through the Paycheck Protection Program and the Economic Injury Disaster Loan Program. The PPP allows small businesses to take out loans that can be extended if the borrower spends most of the capital on payroll, while the Covid-19 EIDL program gives borrowers access to loans based on temporary loss of revenue due to the pandemic. There was also an advance payment under the EIDL.

The OIG’s review of both programs warned of the potential for criminal exploitation due to the rapid progress of implementation and unprecedented demand for help. A recent memo from the House Select subcommittee on the coronavirus crisis describes how widespread it could be. The memo granted potentially fraudulent EIDL loans and prepayments of $ 79 billion and potentially fraudulent PPP loans of up to $ 4.6 billion.

1.34 million EIDL loans and grants have been sent to the OIG by the SBA, including nearly 750,000 referrals for suspected identity theft and more than 585,000 referrals for other potentially fraudulent activity. There have been nearly 150,000 hotline calls to SBA OIG for tips and complaints about potential fraud – an increase of 19,500% over previous years, the memo says.