Dhiraagu Dedicates December 2025 Calendar Spread to Maldivian Fishing Heritage

December 11, 2025

Dhiraagu has dedicated the December month of its 2025 calendar to Maldivian fishing, paying tribute to one of the most enduring pillars of the nation’s identity. The calendar theme highlights the deep cultural connection between Maldivians and the ocean, and is accompanied by a special video honouring the country’s fishing traditions.

The video celebrates the skill and resilience of Dhivehi ancestors who crafted their own vessels and mastered pole-and-line fishing, a technique now internationally recognised for sustainability. It also showcases the range of fish species traditionally caught in Maldivian waters, reinforcing how fishing has long shaped livelihoods, culture, and community life.

Dhiraagu’s 2025 calendar, titled Minivankan Mathee Abadhah (Forever Independent), marks 60 years of Maldivian independence. Each month features a different national symbol reflecting the country’s culture and heritage, with December spotlighting fishing as a source of unity, pride, and continuity.

The company states that the calendar is part of its ongoing efforts to revive Dhivehi traditions and share knowledge of the history that continues to shape the Maldives’ national identity.

Revenue Rises Above Forecast as Tourism and Recovery Efforts Lift Collections

December 11, 2025

Revenue collection for November 2025 reached MVR 2.20 billion, marking one of the strongest monthly performances this year and reflecting a combination of higher tourist arrivals, revised tax rates, and improved recovery efforts by the Maldives Inland Revenue Authority (MIRA). The latest figures show a 16.6 percent increase compared to November 2024 and a 6.7 percent rise above projections, according to MIRA’s monthly bulletin.

Much of the growth stems from tourism-linked taxes. GST alone accounted for 59.1 percent of total revenue, while Green Tax, the Airport Development Fee, and Departure Tax together contributed another significant share of the month’s inflows. Tourism Sector GST remained the single largest contributor to USD revenue at 56.1 percent, underscoring the sector’s outsized importance to dollar earnings.

The momentum is tied to a 10.3 percent rise in tourist arrivals in October 2025, which is reflected in November’s tax performance. Higher Green Tax rates introduced in January and revised airport fees implemented at the end of last year also pushed collections upward. As a result, November’s revenue mix tells a familiar story: sustained reliance on tourism continues to anchor government finances, especially in foreign currency.

MIRA’s report also highlights the role of non-tax initiatives. Nearly 20 percent of revenue came from payments past deadline, while a further 21 percent was secured through targeted recovery efforts. Additionally, non-projected codes, particularly land acquisition and conversion fees, contributed more than expected, helping lift overall figures.

Compared with the past four years, November 2025 stands out clearly. The chart of monthly collections from 2021 to 2025 shows a steady rise, with this year surpassing both 2023 and 2024 by a wide margin. Total tax revenues alone reached MVR 1.79 billion, while non-tax revenues amounted to MVR 409.9 million, together forming the month’s MVR 2.20 billion total.

While the topline numbers are strong, the underlying pattern remains unchanged: the state’s revenue base continues to be heavily shaped by tourism and by the volatility of arrivals. The gains in Green Tax and airport-related charges demonstrate how shifts in policy and pricing can quickly influence monthly outcomes. At the same time, the significant portion of revenue derived from past-due payments and special recovery efforts reflects ongoing structural weaknesses in compliance and collection cycles.

For policymakers, November provides both reassurance and caution. The surge shows that tourism-led revenue mechanisms remain effective, but the dependence on a single sector, coupled with the need for continuous recovery drives, raises broader questions about the resilience and diversification of state income. As the financial year nears its end, the government’s ability to sustain these levels will hinge on continued visitor growth and the stability of global travel trends.

Fishermen Continue Protest, Citing Unmet Promises and Unsold Catch

December 11, 2025

Corporate Maldives - 2025-12-11T022021.335 — Photo: BKMU

A large-scale protest by yellowfin tuna fishermen has taken shape outside Malé, reflecting months of growing frustration within the industry over unsold catch, fuel costs, and unfulfilled commitments. What began on Wednesday morning as a coordinated gathering of 49 vessels at the Hulhumalé Kanneli Jetty has now become a maritime standoff, with boats anchored just outside the capital’s main channel after being blocked by the MNDF Coast Guard.

The fishermen say their message has remained consistent: they want the government, through MIFCO, to resume buying their tuna, or to engage in meaningful dialogue to identify workable alternatives. Until then, they insist the protest will continue.

Their vessels sailed toward Malé carrying banners under the slogan “Dhenneh nu fureyne, dhenneh nu vaane” (will not sail, not again). The Coast Guard stopped the fleet before it could enter the lagoon, and the boats have since remained anchored with lights on, forming an unusual line of idle hulls just beyond the city’s edge.

For many fishermen, this moment represents the culmination of unresolved issues that have been raised for more than two years. Mauroof Zakir, the Kendhoo MP from the MDP and a senior official in the fishermen’s union, says the current situation is the result of repeated delays and unmet promises. According to him, preparations for this protest began mid-year after it became clear that concerns raised by big yellowfin tuna fishermen were not being acted upon.

Mauroof argues that the government can take immediate steps using existing infrastructure, particularly by utilising MIFCO’s storage and packing facilities at Kanduohgiri. He maintains that the demands are not unrealistic, nor are fishermen seeking subsidies or handouts. Instead, he says they simply want a system that ensures their catch is purchased and marketed so they can continue working.

The union has outlined three longstanding pledges that remain unaddressed: MIFCO buying large fish, setting a minimum price of MVR 80 to 100 per kilo for yellowfin tuna, and ensuring fuel is supplied at the base rate while improving access to ice. These issues, they say, have been repeatedly raised in meetings and letters without concrete results.

In his response, Fisheries Minister Ahmed Shiyam announced that practical work on a new tuna processing facility in Hulhumalé is scheduled to begin in January. He also pointed to fuel cost reductions, noting that STO has been instructed to provide fuel at the base rate in the Malé area, a request fishermen have made since last year. According to the Minister, similar arrangements will be available across at least one island in every atoll by the end of March.

Despite these announcements, Mauroof remains sceptical, stating that fishermen no longer believe the sector is on the verge of receiving the support the government repeatedly promises. He says deteriorating conditions, unsold catch, and rising financial pressure have forced fishermen to take collective action. The presence of expatriate crew members on board has also drawn tension, with the union accusing police of threatening arrests to deter participation. Mauroof notes that many expatriates live and work on the boats and accompany them by default, describing the warnings as an intimidation tactic rather than a legitimate legal concern.

Fishing remains one of the Maldives’ oldest industries, central to livelihoods across the islands. Yet the sector’s challenges have deepened, from fluctuating fish prices to the strain caused by limited processing capacity. This protest, visible just outside the capital, reflects an industry that feels pushed to its limits.

As the boats continue to wait at sea, fishermen say they will remain there until the government reaches an agreement with them. For now, the channel remains blocked, the vessels stay anchored, and an unresolved standoff continues to spotlight the gaps between policy, promises, and the day-to-day realities of the country’s fishing communities.

Maldives, US Reflect on Strengthened Ties as Ambassador Yon Departs

December 11, 2025

The Ambassador of the United States of America to the Maldives, Hugo Yon, has paid a farewell call on Minister of Foreign Affairs Dr Abdulla Khaleel, marking the end of his two-year tenure as Washington’s first resident ambassador in Malé.

At the meeting held at the Ministry of Foreign Affairs, Dr Khaleel conveyed the Government’s appreciation for Ambassador Yon’s contributions during his time in office. The Minister noted that having a resident US ambassador had significantly advanced engagement between the two countries, creating new momentum in areas ranging from development cooperation to diplomatic dialogue.

Ambassador Yon expressed his gratitude for the hospitality and support extended to him during his posting. He reaffirmed the United States’ commitment to strengthening bilateral ties, signalling continuity in cooperation even as the mission prepares to welcome his successor.

Dr Khaleel highlighted the warm relationship the Ambassador maintained throughout his tenure and expressed confidence that the strong partnership between the Maldives and the United States will continue to grow. He also offered his best wishes for Ambassador Yon’s future endeavours and assured the Government’s full cooperation to the incoming ambassador.

DhiraaguPay Launches MVR 1 Shawarma Promotion with Baabaa Gaadiyaa

December 10, 2025

Dhiraagu Fintech has announced a limited-time promotion offering customers the chance to buy a shawarma for just MVR 1 from Baabaa Gaadiyaa, continuing the company’s recent series of public engagement campaigns. Press Release – DhiraaguPay Off…

According to the announcement, the promotion will take place on Friday, 12 December 2025, at the Social Centre outdoor area, with two redemption windows: from 4pm to 6pm and from 8pm to 10pm. To claim the offer, users must present their Wallet ID and complete the purchase using their DhiraaguPay wallet. New customers can participate by downloading the DhiraaguPay app, registering, and making the payment through the platform.

The initiative follows the success of Dhiraagu Fintech’s recent MVR 1 Coffee promotion, which saw strong public interest. Dhiraagu Fintech said such activities reflect its ongoing efforts to connect with customers through partnerships with merchants across the Maldives, giving businesses more opportunities to reach wider audiences.

The company noted that DhiraaguPay continues to promote secure and convenient digital payments while supporting the nation’s broader digital transformation goals.

Techverin Unveils AI Tool to Speed Up Trade Documentation

December 10, 2025

Techverin Private Limited has launched the Customs Digital Assistant, an AI-powered platform designed to automate trade documentation and reduce import clearance times by as much as 80 percent. The Maldivian software company said the tool aims to streamline the most time-consuming steps in preparing customs declarations.

According to Techverin, the platform transforms complex supplier documents into Single Administrative Document files within minutes. It uses automated data extraction and smart tariff classification to assign accurate tariff codes and minimise the risk of delays or compliance issues. Ahmed, the company’s Chief Operating Officer, said the launch reflects Techverin’s wider goal of improving productivity for Maldivian businesses through digital solutions.

The Customs Digital Assistant is available on a pay-per-use model, priced at MVR 99 for each processed document. As part of the launch promotion, the first ten companies to register and verify their profiles will receive 500 credits, allowing them to process up to five files.

Techverin, based in the Maldives, builds software solutions that help businesses digitise manual processes and improve operational efficiency.

Abdul Razzaq Haleem Appointed Chairperson of New State Pharmaceutical Corporation

December 10, 2025

Ibrahim Abdul Razzaq Haleem has been appointed Chairperson of the Board of Directors of the State Pharmaceutical and Medical Supply Corporation Limited, a newly established state-owned enterprise created to strengthen the country’s medical supply chain.

Haleem currently serves as the Chief Executive Officer of the Male’ City Group of Hospitals, and his appointment adds leadership to a company tasked with improving access to medicines, medical consumables, and medical equipment across the Maldives.

The State Pharmaceutical and Medical Supply Corporation was incorporated on 9 September under Section 15 of the Companies Act through a presidential decree. As a fully government-owned entity, its mandate includes expanding wholesale procurement and import operations to support healthcare facilities nationwide.

Earlier appointments to the corporation include Aishath Mohamed and Shibana Abdullah Didi as board members, and Dr Shah Mahir as Managing Director, following decisions by the Privatisation and Corporatisation Board.

Gov’t Issues Permit for USD 790 Million Sustainable Township Project

December 10, 2025

The government has issued a permit for the Maldives’ first Sustainable Township Project under the Special Economic Zones Act, marking a shift towards large-scale, multi-sector developments beyond conventional tourism models. The approval was granted to Crystal Holdings Private Limited following its formal application and review by the Board of Investments.

According to the announcement, the project carries an investment exceeding USD 790 million and is designed to integrate luxury hospitality and residential components with a range of social and economic sectors. These include a state-of-the-art healthcare facility aimed at positioning the Maldives as a destination for medical and wellness tourism, an international hospitality and leadership school, and a specialised island for advanced agriculture and aquaculture systems to strengthen national food security.

The township will operate with a minimum of 60 percent renewable energy, which authorities say will contribute to reducing national carbon emissions.

Set to begin operations by 2028, the project is expected to create high-value employment opportunities, support regional economic diversification, and attract both long-stay visitors and high-net-worth travellers. Officials also expect the development to contribute to broader national objectives related to growth and resilience.

In its statement, the Board of Investments said the issuance of the permit signals the Maldives’ commitment to encouraging future-focused and sustainable investments that advance long-term socio-economic stability.

President Urges Revival of SAARC Cooperation on 40th Charter Anniversary

December 10, 2025

President Dr Mohamed Muizzu has issued a message to the Secretary General of the South Asian Association for Regional Cooperation on the 40th anniversary of the SAARC Charter, reiterating the Maldives’ position that meaningful regional cooperation remains essential for South Asia’s future.

In his message, the President said the moment called for reinvigorating the organisation by rebuilding trust among member states and reconvening the long-stalled SAARC Summit. He noted that dialogue, unity, and cooperation continue to be the region’s most viable route to achieving shared development goals.

The President highlighted several areas where stronger collaboration is increasingly necessary, including climate change, renewable energy, public health, food security, inequality, and broader economic development. He said a more effective institutional structure within SAARC would help the region respond to these challenges and deliver better outcomes for its populations.

President Dr Muizzu reaffirmed that the Maldives remains committed to a stronger and forward-looking SAARC, one that prioritises collective interests, upholds shared values, and contributes to long-term stability and prosperity.

SAARC was established with the signing of the SAARC Charter on 8 December 1985. The organisation was founded with the aim of promoting regional cooperation among its eight members: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka. While the grouping has facilitated cooperation in areas such as health, education, environment, and disaster response, political tensions in the region have limited its ability to convene summits and advance broader regional integration in recent years.

The President’s message comes at a time when SAARC has not held a summit since 2014. His call to rebuild trust and reconvene leaders reflects a wider concern among smaller member states about the organisation’s relevance and its capacity to address shared challenges without renewed political engagement.

Maldives Tourism Act Updated with New Rules: What Has Changed

December 9, 2025

The 16th Amendment to the Maldives Tourism Act came into force on 6 December 2025, introducing several structural changes that affect resort developers, operators, tour agents, and councils. Regulations to support these changes must be issued within 90 days.

What Has Changed

The amendment revises which tourism services fall under the Act, creates a new category of tourism training resorts, resets the window for reduced lease extension fees, revises construction period extension rules, and introduces fresh licensing requirements for foreign tour operators. It also restructures penalties and updates how tourism developments in council jurisdiction are treated.

New Definitions Under the Act

The scope of services regulated by the Act has been refined. Watersports services provided specifically for tourists are now clearly included, as are dive centres. Resort hotels have been removed from the section listing tourism services, although the term remains defined elsewhere in the Act. The introduction of tourism training resorts marks a future shift toward institutionalised on site training within resort settings.

This part of the amendment clarifies the government’s direction on how tourism activities are categorised and which operations must comply with the Act.

Reduced Lease Extension Window Reopened

One of the most consequential changes for resort owners is the reopening of the reduced extension fee window for resort leases. The previous window, introduced through the 15th Amendment, expired in September 2025. The new six month opportunity runs from 6 December 2025 to 5 June 2026.

Resorts nearing the end of their lease periods or planning long term investments are now expected to reassess their timing and consider applying within this renewed window.

Registration Now Mandatory for Foreign Tour Operators

The amendment requires any foreign tour operator selling or facilitating Maldivian tourism products to obtain a Foreign Tour Operator Licence. Such operators must work through locally licensed tour operators and enter into written affiliation agreements.

For resorts and guesthouses that rely heavily on international wholesalers, OTAs, or collaborations with large overseas travel companies, commercial partnerships may now need to be reviewed and formalised to stay compliant.

Changes to Construction Period Extensions and Resort Boundaries

Construction period extensions and boundary demarcation procedures, previously detailed in regulations, are now part of the Act. While much of the process remains the same, two adjustments are significant.

First, the Ministry now has discretion to require either a payment to the tourism trust fund or a contribution to a Ministry designated development project as part of CSR obligations. Second, a separate extension fee must be paid in addition to CSR obligations.

Ongoing or delayed resort projects could face higher compliance costs, depending on how the upcoming regulations specify payment formulas.

Tourism Training Resorts Introduced

A new category of tourism establishment, the tourism training resort, has been added to the Act. These establishments must provide dedicated training facilities and create structured opportunities for trainees to gain hands on experience. They will operate similarly to standard resorts but with additional training related obligations.

Acquisition fees for these islands will be defined in future regulations and are expected to be more favourable to encourage development.

SOEs May Now Receive Direct Leases

The amendment introduces an exception allowing state owned enterprises to receive direct leases for resort or integrated resort development. Cabinet approval is required, and the SOE must demonstrate financial and professional capacity.

This provision could widen the role of SOEs in tourism development, particularly for strategic or large scale projects.

Tourism Development Within Council Jurisdictions

The amendment narrows the scope of tourism development permitted on islands, plots, and lagoons under council jurisdiction. These locations may now be leased only for tourist guesthouses and tourist hotels.

Furthermore, lease rent collected by the central government from such locations must now be recorded and transferred to the relevant council as council income. This strengthens the financial link between tourism activity and local governance.

Revised Penalty Structure

A new penalty framework replaces the previous flat fine of MVR 100,000. Operating without a required licence may now lead to fines of up to MVR 1,000,000, with an additional daily fine of MVR 100,000 for ongoing violations. Other breaches of the Act may attract fines between MVR 5,000 and MVR 100,000.

Industry stakeholders should expect more active enforcement once the supporting regulations are issued.

What the Industry Should Watch Next

The amendment sets out the legal foundation, but many crucial details will come through upcoming regulations. Stakeholders should monitor:

• How acquisition fees and standards for tourism training resorts are defined
• How CSR and extension fee requirements are calculated for construction period extensions
• Conditions for Foreign Tour Operator Licences and affiliation requirements
• Updated procedures for lease extensions and boundary demarcation
• How councils adapt their development frameworks under the new limitations

With the regulatory timeline set at 90 days, the sector can expect a series of announcements that will determine practical compliance obligations in early 2026.

Leasehold Rights to Thelu Veliga Resort Offered Through Closed Tender

December 9, 2025

Corporate Maldives - 2025-12-09T025722.698 — Photo: Drift Thelu Veliga Retreat

The Bank of Ceylon has announced the sale of the head leasehold rights to Drift Thelu Veliga Retreat in South Ari Atoll, following authorisation granted by the Civil Court to recover dues related to a term loan facility obtained by Castaway Maldives Private Limited. The property, a 5 star 30 villa resort located on Theluveliga Island, will be sold through a closed tender process.

According to the sale notice, the resort’s current lease expires in April 2064, and the successful bidder will have the opportunity to extend the lease for an additional 49 years in line with the Tourism Act. The reserve price has been set at USD 9.9 million. Firms wishing to participate must submit proposals that meet the tender requirements, including company registration documents, board resolutions and proof of identity of authorised representatives.

A non refundable fee of USD 5,000 is required to obtain tender documents. Bidders must also submit a deposit of USD 25,000, which will be forfeited if the bidder withdraws or fails to meet payment requirements upon being selected. Applications will be opened in the presence of bidders at Bank of Ceylon’s Malé branch immediately after the submission deadline.

Payment terms for the winning bid include 25 per cent of the bid value within 30 calendar days from the date of award and full settlement within 60 days. Should the winning bidder fail to comply, the bank may offer the opportunity to the next highest bidder. Any outstanding taxes, charges or other government fees associated with the property will be deducted from the sale proceeds.

Tender documents will be issued until 7 January 2026, and the final deadline for submitting applications is 14:00 on 8 January 2026. The bank noted that the sale is strictly on an as is basis, without warranties regarding the property’s condition or compliance status.

Gov’t Seeks Consultants for Rasmale’ Transport Master Plan

December 9, 2025

The Ministry of Finance and Planning has invited firms to submit Expressions of Interest for consultancy services to prepare the Transport Master Plan and feasibility study for Rasmale’. The announcement was made on behalf of the Ministry of Construction, Housing and Infrastructure.

According to the notice, the consultancy aims to develop a detailed Transport Master Plan that establishes safe, reliable and sustainable connectivity between Malé and Rasmale’, as well as within the new island. The scope includes assessing a range of transport options across land, sea and air.

Interested firms are required to demonstrate technical competence, experience in similar assignments and the availability of qualified staff. Submissions will be evaluated under the Quality and Cost-based Selection method in line with the Public Finance Regulation. A shortlist will be formed based on the EOIs received, after which a detailed Request for Proposal will be issued to the selected firms.

The Terms of Reference for the consultancy will be available on the Ministry’s website from 9 December 2025. Firms may seek clarification by contacting the National Tender Department.

Expressions of Interest must be submitted by 14:00 on 24 December 2025, either in person, by mail, or via email to the Ministry of Finance and Planning.

Tourism GST Lifts Revenue as Infrastructure Spending Remains Low

December 9, 2025

The latest Weekly Fiscal Developments report shows the government recorded a cumulative deficit of MVR 1,438.3 million as at 27 November 2025, with capital expenditure continuing to slow despite earlier projections for the year.

According to the Ministry of Finance and Planning, total revenue and grants reached MVR 34,966.8 million for the period. The biggest increase this week came from Tourism Goods and Services Tax, maintaining its role as the main driver of tax inflows. Non tax revenue also grew, supported by higher fees and charges and property income.

Cumulative expenditure stood at MVR 36,405.1 million, with the primary rise this week stemming from salaries and wages under recurrent spending. Recurrent expenditure reached MVR 31,193.0 million, led by staff related costs and administrative expenses. Capital expenditure, however, remained subdued at MVR 5,212.1 million, less than half of the approved annual total. Most major categories, including land and buildings and infrastructure assets, reflected lower utilisation compared with the same point last year.

This slowdown is also visible in the Public Sector Investment Program. Outlays in sectors such as housing, land reclamation, environmental protection, health services and education all showed lower-than-anticipated progress. Transport is the only major category that remained close to last year’s pace, largely due to continued spending on airports and bridges.

The report shows that most large ministries and agencies continue to operate within similar ranges as past years. The Ministry of Construction, Housing and Infrastructure accounts for the largest share of spending so far, followed by the National Social Protection Agency and the Ministry of Education. Health sector entities, including the Ministry of Health and Indira Gandhi Memorial Hospital, have also recorded notable expenditure.

Financing costs for the period reached MVR 4,214.7 million, while loan repayments climbed to MVR 4,963.7 million. Government securities outstanding totalled MVR 97.2 billion as of 17 November 2025, reflecting both domestic and external instruments.

With just over a month left in the fiscal year, the data highlights the persistent gap between projected and actual capital spending, raising questions about the pace of ongoing infrastructure projects and the broader execution of the development plan. At the same time, the consistent rise in recurrent commitments and interest related costs continues to shape the government’s fiscal position.

Ooredoo Fun Run Music Show Set to Return with Leading Local Acts

December 9, 2025

Ooredoo Maldives has announced that the Ooredoo Fun Run Music Show will return on 18 December at Hulhumalé Central Park, featuring performances by Traphic Jam, Equatic Vibe, Habeys and Symbolic Records. The event will run from 20:00 to 23:59 and is free for the public to attend.

The music show forms part of the wider Ooredoo Fun Run 2025 festivities, which remain among the most popular annual events in the Maldives. According to Ooredoo, the aim is to offer an evening of entertainment for Fun Run participants, families, and music enthusiasts, while also supporting local artists through a large community platform.

Ooredoo stated in its announcement that the Fun Run is intended as a celebration of wellness and togetherness, with the music show enhancing the experience for attendees. The company noted that the gathering creates a space that brings people together on the eve of what it describes as the happiest run in the Maldives.

The annual Fun Run is widely known for its family friendly activities, colourful run kits, giveaways and upbeat atmosphere. Organisers expect this year’s live show to draw large crowds ahead of the main run day.

Nearly 2,000 Temporary Parking Slots Opened in Hulhumalé to Ease Malé’s Congestion

December 8, 2025

Temporary parking areas have been designated in Hulhumalé to help address the growing vehicle parking difficulties in Malé, with space now available for 1,964 four-wheeled vehicles. The initiative is a joint effort by the Housing Development Corporation and the Ministry of Transport.

According to officials, the temporary sites aim to ease traffic flow in Hulhumalé by reducing the number of vehicles parked along the streets. With parking challenges in Malé continuing to intensify, allocating such a large number of slots in Hulhumalé marks a notable step toward reducing congestion across the Greater Malé Region.

The designated areas and parking capacities are as follows:

Near Masjid al-Walidain: 115 slots
Ghazi School area: 254 slots
Hiyaa Tower 16 area: 1,233 slots
Vinares area: 362 slots

Authorities said the arrangement is expected to improve road conditions in Hulhumalé, ease movement for motorists, and enhance overall safety for pedestrians and other road users. In addition to the temporary solution, the Corporation has noted that work is underway to construct parking buildings as part of efforts to establish a long-term solution to the region’s parking constraints.

Dhiraagu Introduces New Limitless Boosters for Postpaid Customers

December 8, 2025

Dhiraagu has rolled out a new range of Limitless Boosters for its Postpaid customers, offering unlimited high-speed data through flexible short-term add-ons. The launch expands the company’s existing suite of unlimited products and caters to customers who require temporary boosts in connectivity.

The boosters are available in five variants, with validity options ranging from one day to fifteen days. Dhiraagu stated that customers can activate their preferred booster through the Dhiraagu App, MyAccount portal, or by sending an SMS to 343.

According to the company, the new product is targeted at users with high data demands, including those who stream, game, work remotely, or frequently rely on mobile data while on the move. Dhiraagu described the Limitless Boosters as the first of their kind in the local market and said the introduction further extends its unlimited offerings under Limitless Postpaid and Limitehneh Fibre.

The company stated that these additions are designed to provide more value at competitive prices for a broad range of customer needs.

Maldives Sees 12 Percent Growth in Early December Tourist Arrivals

December 8, 2025

Tourist arrivals to the Maldives in December have begun on a strong footing, with data from the first six days showing a 12.4 percent increase compared with the same period last year. According to the Ministry of Tourism’s daily update, 37,901 visitors entered the country between 1 and 6 December, compared with 33,733 during the same period in 2024.

The figures point to steady momentum heading into what is traditionally the Maldives’ busiest month. Daily arrivals in the opening week ranged from around 5,500 to nearly 7,700, with the 6 December count standing out as the highest so far. The early-December average now sits at 6,317 visitors per day, setting the pace for what could become one of the strongest year-end performances on record.

This uplift comes on the back of a consistent year for the tourism sector. As of 6 December, total arrivals for 2025 have reached 2,059,962, already surpassing the full-year total of 2024. Resorts continue to hold the largest share of tourist accommodation, accounting for 73.6 percent of arrivals, while guesthouses host about 21.6 percent. China remains the top source market with 316,147 arrivals, followed by Russia and the United Kingdom.

Monthly trends also show year-on-year growth across most of 2025, with double-digit increases in several months, including April, June and November. The early data for December suggests that the upward trajectory may continue through the holiday season, which typically draws the highest influx of visitors for the year.

Hawks Group Singapore Earns ISCC Certification for Global Biofuel Trading

December 8, 2025

Hawks Group’s Singapore office has received International Sustainability and Carbon Certification (ISCC), enabling the company to trade biofuels on the global market. The certification represents a notable step forward for the marine fuel and cargo-trading firm, which described the achievement as part of its continued drive to reduce environmental impact and expand sustainable energy options.

With ISCC approval, Hawks can now supply fully sustainable and traceable marine biofuels worldwide. The company noted that the certification strengthens its environmental, social and governance strategy and aligns with its wider efforts across its energy portfolio.

Hawks Group operates an international network of offices and is a licensed physical supplier in the Maldives, Sri Lanka and on the high seas in the Indian Ocean and Arabian Sea. The company specialises in marine fuel and cargo trading.

Floating Solar City Project Enters Execution Phase with 2027 Target

December 8, 2025

Work has officially begun on the Maldives’ landmark 100 MW Project Solar City, a major floating-solar installation that represents one of the country’s most significant steps toward renewable energy adoption. The project forms the central infrastructure of the Maldives’ first Special Economic Zone, signalling the start of a new phase in large-scale energy development.

According to the Ministry of Economic Development and Trade, the project has now moved from planning to execution. Material delivery, shore protection and land dredging are underway after the authorities granted practical work permissions required for on-site activity.

Valued at USD 187 million, with more than USD 100 million dedicated to renewable energy components, the initiative aims to install a massive floating solar platform in a lagoon in Male’ Atoll. Once completed, the platform will generate 100 MW of electricity and feed it into the national grid through an undersea cable.

The government awarded Canadian company Abraxas Power Corporation the contract to implement the facility, following its approval for the first phase in April last year. Sangro Power Supply Co. is serving as the technical partner for the project.

The Ministry has set 2027 as the completion target for the full development.

Project Solar City is part of the government’s wider national energy strategy, which seeks to convert 33 percent of the country’s energy consumption to renewable sources within the designated timeline. Officials estimate that reaching this target could save the nation around USD 42 million each year in fuel expenses.

Trans Maldivian Airways Recognised as Global and Regional Leader at World Travel Awards 2025

December 7, 2025

Trans Maldivian Airways (TMA) has received two major honours at the 32nd Annual World Travel Awards, strengthening its reputation as the leading seaplane operator both globally and in the Indian Ocean region. The airline was named the World’s Leading Seaplane Operator 2025 and the Indian Ocean’s Leading Seaplane Operator 2025.

The ceremony, held at Exhibition World Bahrain, brought together more than 300 leaders from the global tourism sector. TMA’s latest wins add to its long record of international recognition, reflecting the company’s role in supporting the Maldives’ tourism and aviation sectors.

Established in 1993, TMA operates the world’s largest seaplane fleet with 65 DHC 6 Twin Otters, serving over 80 resort destinations across the country. The airline conducts more than 400 flights daily, providing essential transport links that connect visitors to islands spread throughout the archipelago. Its operations are built around safety, reliability, and efficiency, making it a central component of the Maldives’ tourism infrastructure.

Commenting on the awards, TMA CEO A.U.M. Fawzy said the recognition reflects the trust placed in the company by partners and guests. He noted that TMA will continue to invest in improvements, building on decades of service experience as the Maldives’ tourism industry expands.

TMA is currently upgrading its operational capabilities through investments in fleet improvements, infrastructure, training, and technology. These developments aim to meet rising passenger demand while maintaining the airline’s established standard of consistent service.

As the Maldives anticipates further growth in tourist arrivals, TMA stated its commitment to supporting national tourism goals, working with industry partners, and ensuring smooth and dependable travel for visitors heading to resort islands.

Maldives Highlights Need for Equal Application of Justice at Doha Forum

December 7, 2025

Foreign Minister Dr Abdulla Khaleel is in Doha to take part in the 23rd edition of the Doha Forum, a global policy platform that brings together leaders from more than 150 countries to discuss diplomacy, governance, development, and security.

The Forum, held from 6 to 7 December, is centred on the theme “Justice in Action: Beyond Promises to Progress,” with a focus on implementing policies that support peace, accountability, and sustainable development.

Dr Khaleel participated in the ministerial roundtable on international justice and the rule of law, where he reiterated that justice must apply equally to all nations, regardless of size. He also reaffirmed the Maldives’ long standing commitment to diplomacy and constructive dialogue. According to the Ministry, the roundtable brought together global experts and officials to examine how international justice systems can strengthen peace and the rule of law in an increasingly complex global environment.

Ahead of the Forum, the Minister stated that the Maldives remains committed to multilateral cooperation and shared solutions for global challenges, noting that the discussions will focus on some of the most pressing issues facing the world today.

On the sidelines of the Forum, Dr Khaleel is expected to meet counterparts and senior officials from participating countries and international organisations. These engagements aim to deepen bilateral ties and advance areas of cooperation across various sectors.

The Maldives’ participation in the Doha Forum reflects the Government’s ongoing efforts to contribute meaningfully to global conversations on governance, justice, and international cooperation.

PPI Data Shows Rising Construction Costs Amid Declines in Utility Prices

December 7, 2025

The latest Producer Price Index (PPI) publication from the Maldives Bureau of Statistics shows a mixed picture across utilities, construction, tourism, communications, and education during the third quarter of 2025. The data, released on 30 November, highlights declining prices in electricity and water, continued sharp increases in construction costs, and moderate shifts in resort and communication prices.

Utility prices continued their downward trend through Q3. Electricity PPI fell year on year by 3.74 percent in September, reflecting the impact of new regulations introduced earlier in 2025 and lower domestic consumption levels. Month on month, electricity prices showed minor fluctuations, with the largest recent increase recorded in March due to seasonal demand during warm weather and Ramadan. Water supply prices followed a similar pattern, with the index dropping 2.01 percent year on year in September. Officials attributed these movements to changes in consumption levels, as both electricity and water PPIs are sensitive to how usage shifts customers between pricing bands.

In sharp contrast, construction costs continued to rise. The construction PPI increased 11.80 percent year on year in September, driven by higher import prices, labour expenses, and exchange rate movements. Building construction recorded a 13.62 percent increase, while road construction rose by 6.91 percent. The overall sector maintained its upward trend throughout the quarter, reinforcing concerns about rising development costs and the impact on housing and infrastructure projects.

The resort sector experienced modest shifts, shaped largely by seasonality and changing tourist demand. After steep declines in May linked to global conflicts and reduced travel confidence, the sector stabilised, recording a year on year increase of 1.81 percent in September. Prices typically rise around August due to international holidays, but fluctuations persisted as resorts adjusted to varying market conditions.

Prices in the information and communication sector showed mild upward movement. The PPI for the sector rose 2.46 percent year on year in September, with operators’ promotional offers and consumer data use noted as key influencing factors. Communication prices had declined through much of 2024 but began stabilising in early 2025, with a more consistent trend visible across recent months.

Education sector prices remained largely stable, showing only slight changes overall. The sector recorded a 0.09 percent year on year increase in September, with pre primary and primary education seeing a 1.90 percent rise, while secondary education fees fell by 6.23 percent. Much of the movement is linked to institutional fee revisions, especially at the start of academic terms. Higher education prices remained mostly unchanged throughout the year.

The Bureau noted that future expansions of the PPI will include more detailed categories within tourism and communications, as well as new indices for fisheries, transport, manufacturing, and health. These additions aim to give policymakers and businesses a clearer picture of price behaviour across the economy.

New Tourism Act Amendment Formalises Training Resorts and Tightens Licensing Rules

December 7, 2025

President Dr Mohamed Muizzu has ratified the 16th Amendment to the Maldives Tourism Act, bringing a series of legislative updates that reshape how islands, lagoons, and land are leased for tourism development while formalising new categories of tourist facilities.

The Amendment, passed by the People’s Majlis on 3 December during its 28th sitting of the session, establishes a framework for leasing areas for resort projects and for the creation and operation of Tourism Training Resorts. These facilities are now formally recognised under the law, with defined procedures for their lease, development, and management.

Under the new provisions, only guesthouses or tourist hotels may be developed within inhabited islands or city jurisdictions, and revenue generated from such establishments must be directed to the respective Island or City Council.

The Amendment clarifies lagoon boundaries for islands leased for tourism and introduces regulatory requirements for tourism-related travel planning and management services. It further provides an extension of up to six months to the construction period of islands, land, or lagoons leased for tourism, outlining the conditions and procedures for granting such extensions.

Another significant change is the expanded eligibility for State-Owned Enterprises, allowing companies in which the Government holds at least 45 per cent of shares to lease islands, lagoons, and land for resort or integrated resort development.

The Amendment also states that travel planning and management services may only be carried out by those holding a Tour Operator Licence. Foreign tour operators registered abroad must now obtain a Foreign Tour Operator Licence to operate in the Maldives.

In addition, the Ministry of Tourism and Environment has been authorised to defer rent payments for properties that close for redevelopment. This includes postponing rent and any fines accrued up to the date of closure, following relevant regulations.

To support regulatory compliance, the Amendment introduces penalties of up to MVR 1 million for providing tourist services without the required licence, with the exact amount determined by the nature of the service and the duration of the violation.

The changes came into effect upon publication in the Government Gazette.

DhiraaguPay MVR 50,000 Promotion Nears Deadline

December 7, 2025

Dhiraagu Fintech has announced that its WIN MVR 50,000 promotion will conclude on 31 December 2025, giving customers only a short window to register for DhiraaguPay and be included in the upcoming lucky draw.

According to the company, both new and existing DhiraaguPay users are automatically entered once they register on the platform. Anyone with a local mobile number is eligible to participate.

The promotion follows Dhiraagu Fintech’s recent MVR 1 coffee campaign, which drew large crowds and highlighted growing interest in digital payment initiatives. The company said the response reflects how merchants and customers are increasingly engaging with DhiraaguPay.

DhiraaguPay currently offers a range of payment services, including bill splitting, sub wallets, peer to peer transfers, FAVARA transfers, bill payments and spending insights. The platform is positioned as a convenient option for everyday financial transactions.

Dhiraagu Fintech noted that this promotion forms part of its ongoing effort to encourage wider adoption of digital payments in the Maldives. As a subsidiary of Dhiraagu, the company stated that it intends to continue expanding its fintech services to improve user convenience.