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The Maldives
hospitality industry always seems to be in a vibrant mood. However, most
operators and owners continue to face the need to have access to finance at
internationally competitive rates. They require finance for the expansion and
redevelopment of their resorts and hotels; to make them more conducive for
competition, class and quality. Put another way, quality, class and competition
seem to be affected when finance is available at exorbitant rates of interest,
making it difficult for operators to have sufficient space to develop important
areas of the business.
In the area of trade
too, the need for various facilities at reasonable costs that could enhance the
trader's business, is an issue that often arises in the business community.
Injection of further capital, looking for investor interest, factoring and
discounting options, easier buyer credit facilities, better terms for letters of
credit are areas in which professional assistance could be provided.
As the need for
financial services deepens, both in the tourism and trade sectors, it is
becoming increasingly important for clients to have access to lawyers and other
professionals who understand their needs, business practices and traditions, as
well as the terms and concerns of lenders who may be able to respond to the
needs of the tourism and trade spectrum.
AXIS Financial
Services in one way, aim at finding avenues of raising less expensive finance
for the tourism industry through the varied contacts AXIS has established with
reputed overseas banks, lending agencies, financial experts, project financiers,
hotel developers, hotel management companies and project promoters.
In addition, AXIS is
also using its varied contacts in the overseas banking and financial world to
source interest and explore avenues of assistance to the Maldives trading and
business community.
Once AXIS
understands the needs of a client, it helps to structure handcrafted solutions
to that client and see how overseas interest that shall enhance the business of
the client can be provided: be it in the tourism industry or within the trading
community. |
