What Does a Healthy Economy Look Like for the Maldives?
In the Maldives, discussions around economic health frequently hinge on metrics such as GDP growth, tourist arrivals, and foreign investment flows. While these indicators offer useful insights, they fail to capture the wider dimensions of national well-being. Economist Kate Raworth’s “Doughnut Economics” offers a compelling framework—one that advocates for balancing human needs with ecological sustainability.
Dhiraagu Signs as Digital Partner for Fishing Competition Burunu Boma
Dhiraagu has signed as the digital partner for “Burunu Boma,” a three-day fishing competition organised by Visit Maldives Club. This event will welcome top international anglers to the Maldives.
With live entertainment and a vibrant, festive atmosphere, the event promises a high-energy celebration that will make Burunu Boma a standout experience. It aims to...
Tradian Platform to Go Live on 20 April, Digitising Trade Services in the Maldives
The Maldives is set to officially roll out its National Single Window platform, Tradian, on 20 April 2025, offering a major digital shift for businesses engaged in international trade. The launch marks a key milestone in the government’s efforts to streamline trade-related services under a unified digital gateway.
Tradian was developed through...
Tourism Continues to Power Fiscal Gains
The latest Weekly Fiscal Developments report by the Ministry of Finance reveals a strong fiscal position for the Maldives, with a recorded surplus of MVR 2.14 billion as of 10 April 2025. This surplus reflects a significant gap between cumulative revenue and grants (MVR 11.2 billion) and expenditure (MVR 9.1 billion), driven in part by higher...
MACL Kicks Off Staff Awareness Sessions under ‘Green Airport’ Sustainability Drive
Maldives Airports Company Limited (MACL) has begun a series of employee awareness sessions aimed at strengthening sustainability efforts at Velana International Airport (VIA), under its ongoing ‘Green Airport’ initiative.
The sessions, held in collaboration with the Ministry of Tourism and the Ministry of Environment, were launched to coincide with the International Day...
Ooredoo Nation Opens Registration for Inter Resort E-Sports Championship 2025
Ooredoo Nation has officially launched registration for the Inter Resort E-Sports Championship 2025, a digital showdown set to bring resort communities across the Maldives together in a spirited contest of skill, teamwork, and strategy.
Scheduled to take place from 27th to 30th April, the tournament is exclusively open to staff from resorts...
U.S. Embassy in Maldives Reportedly Among Dozens Targeted for Closure in Leaked State Department Plans
The U.S. Embassy in Maldives, opened less than two years ago, has reportedly been listed among ten embassies recommended for closure, according to leaked internal documents from the U.S. State Department obtained by CNN. The proposed cuts form part of a broader plan by the Trump administration to significantly scale back America’s diplomatic presence abroad, citing...
Visit Maldives Shifts Focus from ITB Berlin, Highlights ATM Dubai in New Strategy
Visit Maldives is placing increased emphasis on the Arabian Travel Market (ATM) in Dubai for 2025, reflecting a broader shift in its international engagement strategy. While ITB Berlin has traditionally been one of the Maldives’ major travel trade events, this year MMPRC is exploring a stronger presence at ATM Dubai, in response to industry feedback and...
Maldives Engages Turkish Business Community to Strengthen Economic Cooperation
Senior officials from the Maldives held discussions with leading members of Türkiye’s business community in Istanbul, aiming to strengthen economic ties and encourage investment across a range of sectors. The meeting was organised by the Foreign Economic Relations Board of Türkiye (DEIK) and brought together more than 15 major Turkish companies. The session was led by...
Steady Progress Continues at Bayfancy Residence as Second-Floor Slab Casting is Completed
The construction of Bayfancy Residence is progressing steadily, with the project team completing the slab casting of the second floor and finalising the installation of exterior scaffolding. This phase marks a key structural milestone and reflects the careful planning and precision that has come to define Bayfancy’s approach to development.
With foundational works and...
Dhiraagu Malé Open Swimming Competition Returns on 24 May 2025
More than 350 swimmers are set to dive into the waters off Rasfannu, Malé, as the Dhiraagu Malé Open Swimming Competition returns on 24 May 2025. Organised by Swim Maldives, the event is once again backed by Dhiraagu, in a continued effort to promote active lifestyles and strengthen youth engagement through sport.
ADK Hospital to Commence MVR 120 Million Bond Issuance, Initial Tranche Set at MVR 50 Million
ADK Hospitals Private Limited is poised to open subscription for their MVR 120 million bond issuance, with the first tranche of MVR 50 million now open for subscription via private placement on the Viyana Board of the Maldives Stock Exchange.
The MVR 120 million bond will be issued in three tranches, with the first...
President Ratifies Israeli Passport Ban, But Drops Clause on Dual Nationals
President Dr Mohamed Muizzu has ratified an amendment to the Maldives Immigration Act, enforcing a ban on the entry of Israeli passport holders into the country. The amendment, passed unanimously by Parliament today, comes in response to Israel’s ongoing military campaign in Gaza and is framed by the government as a demonstration of solidarity with Palestine....
POLCO Faces New Corruption Allegations Over MVR 350 Million Catering Contract
The Police Cooperative Society (POLCO) is facing renewed scrutiny as fresh allegations emerge over the awarding of a long-term catering contract, reportedly in violation of permissions granted by the Ministry of Finance. The contract in question, awarded in 2018 to Police Catering (POLCAT), is valued at MVR 350 million over a 10-year period—twice the duration authorised...
Foreign Minister Inaugurates Maldives Embassy in Türkiye
In a flag-hoisting ceremony held today, Minister of Foreign Affairs Dr Abdulla Khaleel officially inaugurated the Embassy of the Republic of Maldives in the Republic of Türkiye. The Minister of Culture and Tourism of Türkiye, Mehmet Nuri Ersoy, and the Ambassador of the Maldives to Türkiye, Lieutenant General (Retd) Abdul Raheem Abdul Latheef, also attended the...
Customs Revenue Hits MVR 350 Million in March
According to monthly trade statistics for March 2025, Maldives recorded total imports valued at MVR 4.4 billion, including MVR 867 million in fuel. Imports excluding fuel stood at MVR 3.5 billion.
Key import categories included food items (excluding pork, alcohol, and tobacco) valued at MVR 1.06 billion, machinery and electrical appliances at...
Gov’t Urges Employers to Complete Biometric Registration for Foreign Workers by End of April
The Ministry of Homeland Security and Technology has called on all employers in the Maldives to ensure that biometric registration for their foreign employees is completed by 30 April. The directive forms part of ongoing efforts to address the issue of undocumented migrants in the country.
According to the Ministry, several employers...
CA Maldives to Start Registering Business Accountants This Year
The Chartered Accountants of the Maldives (CA Maldives) has announced plans to commence the registration of accountants working in businesses across the country later this year. The move marks a significant expansion of the organisation’s regulatory scope beyond auditors and licensed members.
The initiative was announced by CA Maldives President Mohamed Haleem...
Gov’t Launches SFD-Financed Housing Development in Hulhumalé
A major new housing development was launched yesterday in Hulhumalé, with support from the Saudi Fund for Development (SFD). The project, comprising 400 affordable housing units, was inaugurated at a ceremony attended by Minister of Finance and Planning Moosa Zameer and Sultan bin Abdulrahman Al-Marshad, CEO of the Saudi Fund for Development.
Ooredoo Maldives Launches 20th Anniversary Giveaway with Umrah and Hajj Trips
Ooredoo Maldives has announced a nationwide giveaway to mark its 20th anniversary, offering customers a chance to win 19 Umrah trips and a grand prize Hajj trip for two. The promotion is part of the company’s #20for20Years campaign under its broader "Live Unlimited" initiative.
Since its inception, Ooredoo Maldives has positioned itself as a...
First National Real Estate Fund Declares the First Round of Distributions to Investors
First National Real Estate and Hospitality Fund Plc (“Real Estate Fund”) has announced its dividend and distributions to bondholders for the first quarter of 2025, declaring a total distribution of MVR 545,297.04, comprising MVR 226,441 for Class B equity holders and MVR 318,856.04 for bondholders.
The first quarter payments reflect the results of operations...
Saudi Fund Extends Additional USD 17 Million Loan for VIA Terminal Project
The Government of Maldives has secured an additional USD 17 million (MVR 262 million) in financing from the Saudi Fund for Development (SFD) to support the ongoing expansion of Velana International Airport (VIA), including the construction of a new international passenger terminal and upgraded cargo facilities.
The loan agreement was signed on...
Importers Now Required to Show Garage Space Before Bringing Four-Wheelers into Maldives
The Ministry of Transport and Civil Aviation has introduced a new requirement for importing four-wheel vehicles into the Maldives, mandating proof of available parking space before a permit can be issued. The change comes under the Sixth Amendment to the Road Motor Vehicle Registration Rules, and applies to all vehicles except two-wheelers.
Green Tax Revenue Up 72%, But Environmental Spending Lags Behind
Green Tax collections in the Maldives reached MVR 401.2 million by 20 March 2025, marking a notable increase from the MVR 233 million collected during the same period last year. The figures, published in the Ministry of Finance’s latest Weekly Fiscal Developments report, indicate a 72% year-on-year rise in revenue from this environmental levy.
LATEST ARTICLES
What Does a Healthy Economy Look Like for the Maldives?
In the Maldives, discussions around economic health frequently hinge on metrics such as GDP growth, tourist arrivals, and foreign investment flows....
Dhiraagu Signs as Digital Partner for Fishing Competition Burunu Boma
Dhiraagu has signed as the digital partner for “Burunu Boma,” a three-day fishing competition organised by Visit Maldives Club. This event will...
Tradian Platform to Go Live on 20 April, Digitising Trade Services in the Maldives
The Maldives is set to officially roll out its National Single Window platform, Tradian, on 20 April 2025, offering a major...
Tourism Continues to Power Fiscal Gains
The latest Weekly Fiscal Developments report by the Ministry of Finance reveals a strong fiscal position for the Maldives, with a...
MACL Kicks Off Staff Awareness Sessions under ‘Green Airport’ Sustainability Drive
Maldives Airports Company Limited (MACL) has begun a series of employee awareness sessions aimed at strengthening sustainability efforts at Velana International...
