Maldives Ports Limited Marks 39 Years of Maritime Service

On 15 September 2025, Maldives Ports Limited (MPL) celebrated its 39th anniversary, commemorating nearly four decades of contributing to the nation’s maritime trade, cargo handling, and port operations. The anniversary ceremony brought together staff, stakeholders, and partners to reflect on MPL’s journey, achievements, and aspirations for the future.

MPL traces its roots to the Maldives Ports Authority (MPA), formed in 1986 as the sole operator of ports throughout the Maldives. Over time it transformed into a corporatised body, taking on the name Maldives Ports Limited. Its mandate has been to operate, manage, and develop port facilities in the Maldives, ensuring the seamless handling of both domestic and international cargo.

Over 39 years, MPL has established itself as a cornerstone of national trade. It has enabled the growth of imports and exports and facilitated economic activity by improving port efficiency, modernising infrastructure, and maintaining service continuity. Its role is especially crucial for an island nation dependent on maritime supply chains.

As MPL enters its 40th year, its leadership has emphasised ongoing investment, sustainable operations, and further improvements in service quality.

Maldives and India Celebrate 60 Years of Ties with Tree Planting Ceremony

Maldives and India marked six decades of diplomatic relations on Monday with a symbolic tree planting ceremony in Hulhumale’.

The event, held at Central Park, saw 60 trees planted to represent the 60 years since formal ties were established in 1965. Organised by the Housing Development Corporation (HDC) in collaboration with the Foreign Ministry and the Indian High Commission, the initiative highlighted the longstanding friendship between the two countries and their shared commitment to environmental cooperation.

Minister of Tourism and Environment Thoriq Ibrahim, Indian High Commissioner G. Balasubramanian, and HDC Managing Director Brigadier General (Rtd) Ali Zuhair led the ceremony. HDC noted that environmental activities remain a central priority for the corporation, with the aim of making Hulhumale’ greener and more liveable for residents.

The initiative also forms part of President Dr Mohamed Muizzu’s national campaign to plant five million trees over five years, launched on World Environment Day in 2024. HDC has pledged to contribute one million trees towards this effort.

India was among the first nations to establish diplomatic relations with the Maldives following its independence in July 1965. To mark the 60th anniversary, Indian Prime Minister Narendra Modi paid a state visit to Malé earlier this year and attended the Maldives’ Independence Day celebrations.

The tree planting programme in Hulhumale’ reflects both countries’ focus on strengthening bilateral ties while advancing shared environmental goals.

Tourism Minister and MIRA Chief Meet to Strengthen Tax Cooperation

Minister of Tourism and Environment Thoriq Ibrahim has held discussions with Commissioner General of Taxation Hassan Zareer on strengthening cooperation in tax collection within the Maldives’ tourism sector.

The meeting focused on streamlining tax collection processes, which remain central to state revenue. Both officials highlighted the importance of closer engagement with industry stakeholders and improved sharing of tax-related information to ensure a more efficient system that maximises earnings from the country’s largest economic sector.

According to the Ministry, the talks paved the way for deeper collaboration between the Tourism Ministry and the Maldives Inland Revenue Authority (MIRA). The two institutions will work together to promote the tourism industry while safeguarding state income through consistent and effective revenue collection.

The discussions come at a time when MIRA has reported positive figures. In its latest monthly report, the authority announced a revenue collection of USD 137.5 million for August 2025, reflecting a 6.9 percent increase compared with the same period last year. Tourism-related taxes remain the leading source of this income.

The meeting underscores the government’s efforts to strengthen key partnerships in order to protect and expand vital revenue streams.

Hawks Group Expands Global Network with New Trading Office in Istanbul

Hawks Group has announced the launch of a new trading office in Istanbul, marking a major step in its efforts to strengthen its presence in the European and Mediterranean bunker markets. The office will operate under the name Hawks Dış Ticaret Ltd. Şirketi.

To support the expansion, the company has appointed two experienced bunker traders, Cemil Ünsal and Göksu Mete. Mete, who previously worked with Asmira and Med Petroleum, brings strong expertise in Mediterranean markets, while Ünsal has extensive experience across supply and procurement, having worked with GN Group, CYE, and most recently as a bunker trader.

Hassan Rifau, CEO of Hawks Group, said: “We are delighted to welcome both Cemil Ünsal and Göksu Mete to our team. Their comprehensive experience across trading, supply, and procurement will be instrumental as we deepen our engagement in Türkiye and expand further across Europe and the Mediterranean basin.”

Hawks noted that Istanbul’s position as a maritime hub at the crossroads of Europe and Asia makes it an ideal location to serve shipping routes through the Bosphorus Strait, Black Sea, Eastern Mediterranean, and European markets. The new office is expected to become a central hub for the company’s bunker and cargo trading operations.

Headquartered in the Maldives, Hawks Group is a licensed physical supplier in the Maldives, Sri Lanka, and high seas in the Indian Ocean and Arabian Sea. The company’s international network now includes offices in the Maldives, Dubai, Singapore, Monaco, Shanghai, Kuala Lumpur, Colombo, and Istanbul.

In 2024, Hawks Group traded more than half a million metric tonnes of bunkers and cargo. The company has built a reputation for certified fuel quality, reliable deliveries, and tailored solutions for fleets and operators across Asia, Europe, and the Middle East.

IAEA Endorses Maldives’ Membership Application at Vienna Conference

The Maldives’ application to join the International Atomic Energy Agency (IAEA) has been unanimously endorsed by the Agency’s General Conference, marking the country’s first formal step towards full membership. The endorsement came during the 69th Regular Session of the Conference, currently taking place in Vienna from 15 to 19 September.

The Maldivian delegation is led by Dr Salma Rasheed, the Permanent Representative of the Maldives to the United Nations Offices in Geneva. Addressing the Conference following the endorsement, Ambassador Dr Salma highlighted the shared challenges facing Small Island Developing States (SIDS), including climate change and fragile ecosystems. She stressed the importance of international cooperation and science-driven solutions, describing membership as both a national milestone and a recognition of the role of small states in advancing peace, security, and sustainable development.

She added that joining the IAEA would open avenues for the Maldives to access technical expertise in key areas such as health, food security, and capacity-building. Of particular interest to the country is the potential to expand access to advanced cancer care through nuclear and radiation medicine. Membership would also allow the Maldives to leverage nuclear technologies for sustainable development while contributing to global discussions on peace and security.

The Maldives formally submitted its membership application in November 2024. With endorsement now secured, the process moves closer to full membership, which will formally integrate the Maldives into the global nuclear cooperation framework.

While the Maldives has no nuclear energy ambitions, membership in the IAEA matters for several reasons. It enables the country to benefit from technical support and training that can strengthen domestic healthcare systems, particularly in tackling cancer treatment, an area where access remains limited. It also opens up opportunities to adopt nuclear technologies in non-energy sectors, such as improving food security through crop resilience and ensuring environmental monitoring in fragile ecosystems. Moreover, membership positions the Maldives as an active participant in shaping international norms on the safe and responsible use of nuclear science, reinforcing its foreign policy commitment to multilateralism.

The IAEA, established in 1957, serves as the world’s hub for cooperation in the peaceful applications of nuclear science and technology. Its endorsement of the Maldives reflects growing recognition of the importance of small states in addressing global challenges through science, security, and sustainable development.

President Muizzu Meets Amir of Qatar During Arab-Islamic Summit

President Dr Mohamed Muizzu has concluded his official visit to Qatar, where he attended the Emergency Arab-Islamic Summit convened in Doha on 15 September 2025.

At the Summit, President Muizzu condemned the recent Israeli attack in Doha, describing it as a crime against humanity and an assault on the dignity of the Arab and Islamic world. He reaffirmed the Maldives’ solidarity with Qatar and Palestine, and called for urgent and coordinated international action to hold Israel accountable for war crimes while working towards peace and stability in the region.

On the sidelines of the Summit, President Muizzu was granted an audience with His Highness Sheikh Tamim bin Hamad Al Thani, Amir of the State of Qatar, at the Sheraton Doha Hotel. In their meeting, he conveyed condolences over the fatalities caused by the attack and expressed strong solidarity with the Government and people of Qatar. He also commended Qatar’s leadership in convening the Summit and its ongoing contributions to mediation efforts and humanitarian support for Palestine.

The two leaders further discussed ways to strengthen bilateral cooperation across multiple fields of mutual interest. President Muizzu expressed gratitude to Qatar for its continued support to the Maldives, and both leaders reaffirmed their commitment to deepening ties between the two countries. They also underlined the importance of unity within the Muslim Ummah and reiterated their support for a just and peaceful two-state solution to uphold Palestinian sovereignty and self-determination.

The Emergency Arab-Islamic Summit brought together leaders of the Organisation of Islamic Cooperation (OIC) at a critical juncture, providing a platform to collectively condemn Israel’s actions and press for stronger international measures to safeguard Palestinian rights.

President Muizzu’s visit to Doha highlighted the Maldives’ commitment to international law, regional solidarity, and the pursuit of justice for oppressed communities.

SIMDI Resu and Maagiri Hotel Celebrate International Coffee Day with illy Giveaway

SIMDI Resu, in collaboration with Maagiri Hotel, has launched a special promotion to mark International Coffee Day, inviting coffee enthusiasts to participate in an exclusive Instagram contest.

Running from 14 September to 1 October 2025, the campaign allows visitors to enjoy Maagiri Hotel’s newly launched menu of illy coffee creations and enter for a chance to win an Illy X9 Chrome Coffee Machine.

To participate, customers must visit Maagiri Hotel, enjoy a cup of illy coffee, capture their coffee moment, and share it on Instagram, tagging @illymaldives, @maagirihotel, and @simdigroup. Posts must be public. One winner will be announced on 1 October, International Coffee Day.

“This collaboration is not only about celebrating the love of coffee but also about creating memorable experiences around illy’s world-class blends,” said a SIMDI Resu representative.

The partnership highlights a range of illy’s coffee offerings, from refreshing sips to bold brews, providing coffee lovers with a unique tasting experience.

This International Coffee Day, SIMDI Resu and Maagiri Hotel invite Maldivians to celebrate the joy of coffee—one sip, one snap, and one unforgettable moment at a time.

Maldives Sees 15.8% Rise in Tourist Arrivals in Early September

Tourist arrivals to the Maldives showed a strong performance in the first two weeks of September 2025, continuing the upward trend seen over the summer months. Data from the Ministry of Tourism reveals that 66,561 visitors entered the country between 1 and 14 September, representing a 15.8 percent increase compared with the same period last year.

This growth comes on the back of consistent gains recorded throughout 2025. From January to August, arrivals rose each month compared with 2024, with particularly sharp increases in April (17.8 percent), May (13.1 percent), and June (15 percent). The steady rise has pushed total arrivals for the year so far to 1,553,487 as of 14 September, a 9.7 percent increase year-on-year.

China continues to dominate as the top source market, contributing 246,063 arrivals, or 15.8 percent of the total. Russia remains in second place with 186,927 arrivals, followed by the United Kingdom with 139,368. Italy and Germany round out the top five, with India holding steady in sixth place.

Resorts remain the backbone of the sector, accounting for nearly three-quarters of all arrivals this year. Guesthouses, however, continue to play a significant role, accommodating just under 22 percent of tourists. The balance is spread across hotels and safari vessels.

The healthy numbers recorded in early September suggest that momentum is holding despite the month typically being associated with a lull in travel. The increase in arrivals during what is traditionally an off-peak period signals the Maldives’ strengthened position as a year-round destination.

Looking ahead, industry observers will be closely watching whether this growth trajectory can be sustained through the remainder of the year. With the high season beginning in November, the performance of September and October will provide a critical indication of how strong 2025 will close.

National Single Window ‘Tradian’ Launches Operations in Maldives

The National Single Window platform, “Tradian,” has officially commenced operations, streamlining trade processes in the Maldives.

The announcement was made jointly by TradeNet Maldives Corporation Limited, Maldives Customs Service, Maldives Ports Limited, the Ministry of Transport and Civil Aviation, and the Ministry of Economic Development and Trade. Officials confirmed that from Sunday, 21 September 2025, four border-related services linked to import and export activities will be provided exclusively through the Tradian platform.

The services moving to Tradian include the Foreign Going Vessel Registry, Vessel Arrival and Departure Information Submission (ETA/ETD), Sea Cargo Manifest Submission, and Pork and Liquor Import Permit Applications.

Authorities noted that access to these services will be restricted to freight forwarders, shipping agents, importers, and exporters registered on the platform.

The introduction of Tradian marks a significant step in digitalising trade services, aimed at enhancing efficiency and transparency in cross-border processes.

Registration for Ooredoo Nation Elite Showdown 2025 Closes Tomorrow

Ooredoo Nation has reminded gamers that registration for the Elite Showdown 2025 EAFC Series will close tomorrow, 16 September.

The tournament is set to begin on 19 September at Ooredoo Maldives Headquarters in Hulhumalé, featuring players competing in EAFC, a popular football video game. Matches will be played in a 1v1 single elimination format, with participants vying for a share of the MVR 10,000 prize pool.

Ooredoo Nation said the Elite Showdown reflects its commitment to strengthening the local esports community by creating platforms for competitive play and growth.

You can register at: https://ore.do/elite-showdown

Dr Shah Mahir Appointed Managing Director of New State Pharmaceutical Corporation

Dr Shah Mahir, Deputy CEO of Dharumavantha Hospital, has been appointed as the Managing Director of the newly formed State Pharmaceutical and Medical Supply Corporation Limited.

The corporation, established last week, is tasked with overseeing the bulk import of medicines, medical consumables, and equipment into the Maldives. On Sunday, the Privatisation and Corporatisation Board (PCB) announced the first appointments to its board.

Alongside Dr Shah, who will also serve as a board member, the PCB named Aishath Mohamed and Shibana Abdulla Didi to the board.

Dr Shah brings extensive experience in the health sector, having previously served as State Minister at the Ministry of Health under both the current administration and the former government of President Ibrahim Mohamed Solih. He resigned from the position in August 2023 at the end of that administration’s term, later assuming his most recent role at Dharumavantha Hospital.

President Muizzu Departs for Qatar to Attend Emergency Arab-Islamic Summit

President Dr Mohamed Muizzu departed for Qatar last night to take part in the Emergency Arab-Islamic Summit, scheduled for 15 September in Doha.

The gathering has been convened in response to the Israeli attack of 9 September and will bring together leaders of Member States of the Organisation of Islamic Cooperation (OIC). President Muizzu is expected to deliver a statement at the summit.

According to the President’s Office, his participation underscores the Maldives’ solidarity with Qatar and its continuing support for the Palestinian cause. The Maldives has consistently voiced its call for urgent and collective international action to halt the violence and atrocities committed in the region.

The Emergency Arab-Islamic Summit is viewed as an important platform for the Muslim world to express a united position in demanding an end to the ongoing conflict and to press for concrete measures that will ensure peace and security.

Road Development Completed for Addu Gan International Airport Project

Photo: Mohamed Firaq (X)

The road development for the Addu Gan International Airport project has been completed, marking a significant milestone in the redevelopment of the southern atoll’s main air gateway.

According to Addu International Airport Company (AIA) Managing Director Mohamed Waheed Hussain, 4.3 kilometres of new road have been finished, with the final traffic markings currently underway. The work is part of a broader redevelopment funded through the Indian Line of Credit, which aims to upgrade the airport into a state-of-the-art facility capable of handling 1.5 million passengers annually.

For years, efforts to modernise the airport have faced delays and setbacks. With the new road nearing full completion, the focus now shifts to expanding the passenger terminal. Waheed told PSM News that two extensions are under construction, a 15-metre addition on one side and a 75-metre expansion on the other. While the timeline indicates the work should be completed by the end of this year, Waheed acknowledged there may be some delays, adding that the project is expected to conclude by early next year.

The current phase of construction is intended to pave the way for further upgrades to the existing terminal, which is to be modernised with improved facilities. Waheed also highlighted the difficulties of keeping airport operations running smoothly while major development is underway.

The project has drawn public concern over the removal of old shelter trees during the roadwork. In response, the company has committed to planting large trees on both sides of the newly paved roads to restore shade and greenery.

Redevelopment of Addu International Airport has been ongoing for more than a decade. Its existing infrastructure already includes a 3,000-metre-long runway capable of accommodating wide-body aircraft such as the Boeing 777. Once complete, the project is expected to reinforce the airport’s role as a vital hub for tourism and trade in the southern Maldives.

Civil Court Orders Vivco Energy Solutions to Repay Over USD 3.4 Million to Sri Lankan Bank

The Civil Court has ordered Vivco Energy Solutions Pvt Ltd, along with guarantors Cypria Pvt Ltd and Abdulla Saeed of M. Nirolhu, to settle more than USD 3.4 million owed to the National Development Bank (NDB) of Sri Lanka after defaulting on loan agreements.

The case centred on short-term loan facilities totalling USD 3.76 million, granted to Vivco Energy Solutions under offers made in June 2022 and February 2023. The Court found that the company, together with its guarantors, had failed to honour repayment terms.

As of 31 May 2025, outstanding liabilities stood at USD 3.38 million under the loan facilities and a further USD 27,641.62 under an overdraft facility. In addition, the Court ordered the defendants to cover USD 10,000 in legal costs. They have been given until 23 November 2025 to repay the sums in full, with interest and penalties continuing to accrue until settlement.

The ruling also confirmed the Bank’s rights over Vivco Energy Solutions’ receivables, which remain pledged as security until repayment is completed.

Observers warn that such cases may have broader implications for Maldivian businesses seeking overseas financing. With many large-scale projects in tourism, infrastructure and energy relying on foreign loans, defaults of this scale risk damaging international confidence and driving up borrowing costs for the wider private sector.

Analysts argue that strengthening enforcement mechanisms and improving corporate governance are essential to maintaining the Maldives’ financial credibility and ensuring continued access to foreign credit.

Maldives Posts Surplus as Tourism Taxes Rise, But Capital Spending Slows Sharply

The Ministry of Finance’s latest Weekly Fiscal Developments report, covering data up to 4 September 2025, shows the Maldives running a cumulative surplus of MVR 868.7 million. While at first glance this suggests a healthy budget position, the underlying figures tell a more nuanced story.

Total revenues and grants reached MVR 26.31 billion, compared with expenditure of MVR 25.44 billion. The bulk of the revenue came from taxes, totalling MVR 20.51 billion. Tourism Goods and Services Tax led the way at MVR 7.46 billion, supported by General GST at MVR 3.52 billion. Green Tax collections nearly doubled year-on-year to MVR 1.47 billion, while airport service charges and departure taxes rose to MVR 1.21 billion. These numbers show how much the state’s fiscal health is tied to tourism and aviation flows.

In contrast, import duties fell to MVR 1.99 billion from MVR 2.21 billion last year, reflecting weaker trade inflows. Business and property taxes also declined to MVR 4.65 billion, largely because withholding tax and other business levies dropped compared to 2024’s higher base. Non-tax revenues, at MVR 5.59 billion, were lifted by higher fees and charges as well as the airport development fee, though dividends from state-owned enterprises fell. Grants remained modest at just MVR 203.1 million.

On the spending side, recurrent expenditure dominated at MVR 22.17 billion. Salaries, wages, and pensions reached MVR 9.58 billion, while administrative and operational expenses accounted for MVR 12.57 billion. Subsidies eased to MVR 2.19 billion, down from last year, and health financing through Aasandha climbed to MVR 1.35 billion. Interest costs stood at MVR 2.89 billion, yet the government still posted a primary surplus of MVR 3.75 billion.

The real adjustment has come in capital spending. Capital expenditure has fallen sharply to MVR 3.28 billion, compared with MVR 7.80 billion by the same period in 2024. Within the Public Sector Investment Programme, transport remains the focus with MVR 2.60 billion spent, mainly on airports. Housing, reclamation, and water and sewerage projects, however, are moving at a much slower pace. This slowdown helps explain the surplus but raises questions about whether infrastructure plans are being delayed or underfunded.

Debt servicing and financing trends also stand out. Loan repayments have nearly doubled year-on-year to MVR 3.95 billion, while transfers to the Sovereign Development Fund reached MVR 1.39 billion, suggesting the government is trying to strengthen buffers. Government securities outstanding totalled MVR 95.45 billion at the end of August, with a large share concentrated in one-year treasury bills at MVR 34.16 billion. While the state has also locked in long-term financing through 15–20 year bonds worth MVR 21.45 billion, the short-term rollover risks remain significant.

Looking at budget utilisation across agencies further highlights the capital slowdown. The Ministry of Construction, Housing and Infrastructure has spent MVR 2.12 billion out of an allocated MVR 8.02 billion, while the Ministry of Tourism and Environment has used just MVR 265.9 million of MVR 1.68 billion. By contrast, agencies with payroll-heavy budgets, like Education and Health, are closer to their spending paths.

The reported surplus is not final, since these are posted transactions that may later be revised through reconciliation. Still, the fiscal picture is clear: revenue strength is anchored in tourism, recurrent spending is steady, and capital execution is lagging. The coming months will show whether project spending accelerates or if the government continues to prioritise short-term fiscal balance and debt service over infrastructure delivery.

Singapore Airlines to Upgrade Maldives Route with Long-Haul A350

Singapore Airlines will be upgrading one of its two daily flights between Singapore and the Maldives to a long-haul Airbus A350 from 26 October 2025. The change will see the airline permanently deploy the A350 long-haul variant on its SQ432/431 services to Velana International Airport.

Currently, the airline operates Airbus A350 medium-haul aircraft on the route. With the new upgrade, passengers travelling in business class will experience the wider 2013 Business Class seats with direct aisle access, offering a more spacious layout compared to the narrower regional version. However, the shift will result in a slight reduction in the total number of business class seats.

The introduction of the long-haul A350 also brings Premium Economy seats to the Maldives route. Although these will be sold under Economy Class fares, passengers can pay an additional fee starting from around USD 50 to enjoy the wider seats, greater legroom, and couple seating options by the window.

Singapore Airlines said the move is aimed at enhancing comfort and convenience for long-haul travellers, particularly those arriving from Australia, Europe, and the United States who frequently connect through Singapore to the Maldives.

The airline will continue operating its second daily service, SQ438/437, with the A350 medium-haul aircraft, ensuring both variants serve the Singapore–Malé route. The long-haul aircraft has already been rostered on this rotation through to September 2026, making this a permanent adjustment rather than a seasonal shift.

Tourism Ministry Opens Bids for Kaashidhoo Lagoon Resort Project

The Ministry of Tourism and Environment has invited bids for the development and operation of a new tourist resort in Kaashidhoo lagoon, located in Male’ Atoll.

According to the Ministry, the proposed project involves reclaiming part of the 115-hectare lagoon to establish a 10-hectare resort island. The development must include a minimum of 100 beds, with the project identified as a presidential pledge of President Dr Mohamed Muizzu.

Both local and foreign companies are eligible to participate in the bidding process. The deadline for bid submissions is 13:00 on 20 November.

The Ministry stated that application forms for tender documents can be accessed via its website or collected in person from its reception between 09:00 and 13:00 on working days, starting from 14 September until 19 November.

To assist interested parties, the Ministry will hold two information sessions. The first is scheduled to take place online on 24 September, with the second session planned for 21 October.

Level 17: A Sky-High World of Indulgence

Rising above the city, Bayfancy Residence unveils Level 17, an entire floor dedicated to the art of living well. Here, luxury is not just defined by space, but by the experiences it gathers under one roof, curating a lifestyle that feels both effortless and extraordinary.

The infinity pool commands the skyline, its mirrored waters dissolving into sea and sky, transforming each swim into an escape. An invigorating scene at dawn, while at dusk it shimmers with the glow of sunset, constantly offering a mesmerising canvas of light. Around it, loungers and shaded nooks invite both lively gatherings and moments of tranquil solitude.

Wellness finds its sanctuary in the expansive fitness centre and adjoining yoga studio. Bathed in natural light, they embody balance: the hum of modern equipment alongside the quiet grace of meditation. Families discover delight in the vibrant children’s play area, while the billiards lounge, barbecue terrace and outdoor dining spaces become stages for friendship and celebration.

For those seeking stillness, the reading room offers a hushed reprieve, its shelves lined with stories waiting to be claimed. Just steps away, co-working hubs and meeting suites blur the lines between work and leisure, equipped with seamless technology for effortless productivity.

The community finds its pulse in the multipurpose hall, adaptable to celebrations, performances, and intimate gatherings. Layered with intelligent systems, automated lighting, climate control, and green design, the floor is not only indulgent but future-ready, where sustainability quietly elevates comfort.

Level 17 is more than an amenity; it is a world of its own, elevated to new heights. Every detail, from the horizon-touching pool to the curated cultural corners, is designed to ensure that returning home feels like stepping into a private sanctuary, luxury made tangible, every single day.

Gov’t Partners with Alibaba to Train Local Businesses for Global Market Access

More than 260 Maldivian entrepreneurs have registered for an upcoming workshop organised in collaboration with global e-commerce company Alibaba, the Ministry of Economic Development and Trade has announced.

The initiative, scheduled for 16 September at the Barcelo Nasandhura Malé, will also allow participation online, making it accessible to entrepreneurs across the provinces. The workshop is designed to provide local businesses with the skills and knowledge to access international markets through online platforms.

According to state media, State Minister for Economic Development and Trade Abdulla Siyaz described the opportunity for Maldivian businesses to list on Alibaba.com as a milestone that enables them to reach global consumers. He highlighted the significance of the collaboration in broadening the country’s digital trade prospects.

The government has made expanding online trade opportunities a key priority, with the Ministry leading efforts to ensure Maldivian products gain visibility on widely used e-commerce platforms. Officials say the programme is part of a broader strategy to diversify the economy and create new avenues for trade by integrating local businesses into the global digital marketplace.

Gov’t Raises Dollar Allocations as STO Expands Food Imports

The government has raised the supply of US dollars to businesses at the official exchange rate, with the aim of easing price pressures in the market. Minister of Economic Development and Trade Mohamed Saeed said allocations have risen to as much as 50 percent of requests, compared to the much smaller shares previously made available to small and medium-sized enterprises.

The announcement comes at a time of heightened public concern over rising consumer prices and complaints of difficulties in securing foreign currency for imports. Officials say the measure is intended to support importers and ensure a steady flow of goods.

Alongside the increase in dollar allocations, the Cabinet has directed the State Trading Organisation (STO) to expand bulk imports of key goods. These include staples such as rice, sugar and flour, as well as lentils, eggs, potatoes, and ten of the most widely consumed fruits and vegetables. STO has already begun distributing oranges and has said it will ensure continuous availability of both apples and oranges. From mid-October, the organisation is expected to begin importing 23 designated food items.

Questions have been raised about whether foreign currency shortages are behind recent sharp increases in fruit prices, with some reports highlighting price hikes of several hundred percent. Minister Saeed argued that higher dollar allocations should have eased such pressures.

STO Managing Director Shimad Ibrahim noted that the company has not relied on government-provided dollars for its import operations in recent years. He said that during the past two Ramadans, STO used its own investments and banking arrangements to source the necessary foreign currency.

Finance Minister Urges Stronger Capital Market to Cut Reliance on Foreign Aid

Minister of Finance and Planning, Moosa Zameer, has urged the Maldives to strengthen its capital market as a pathway to sustainable development and reduced reliance on foreign aid and financing.

Speaking at the closing ceremony of the Maldives Finance Forum 2025, organised by the Maldives Pension Administration Office (MPAO), Minister Zameer said that the country’s heavy dependence on banks for financing is no longer sufficient to support its development ambitions.

He explained that a banking-focused system is unable to provide the scale of funding needed for infrastructure, housing, tourism, and diversification projects. While public financing plays an important role, he added that it cannot cover the full costs of large-scale initiatives.

According to Minister Zameer, the establishment of a robust capital market would help mobilise long-term savings and create new financing opportunities. He called for the introduction of varied investment products, including conventional bonds, Sukuk, and instruments aligned with sustainability goals such as green and blue bonds. These instruments, he noted, should also support greater access to financing for SMEs and women-led businesses, contributing to more inclusive economic growth.

The Minister stressed that this transformation cannot be driven by government alone. He called for cooperation from all stakeholders in the financial ecosystem, underlining that strategic reforms are essential for the sustained growth of both the capital market and the wider financial system of the Maldives.

Dhiraagu Hosts SEA-ME-WE 6 Global Consortium Meeting in Maldives

Dhiraagu has announced the successful hosting of the SEA-ME-WE 6 Global Consortium Meeting in Malé, held from 7 to 11 September. The gathering brought together leading international stakeholders to review the progress and future of the SEA-ME-WE 6 submarine cable system.

The SEA-ME-WE 6 project, which links Southeast Asia, the Middle East and Western Europe, is set to play a crucial role in enhancing global connectivity. Once operational, the state-of-the-art cable will provide faster internet speeds and improved communication services to millions of users across its connected regions.

By investing in the project, Dhiraagu is securing direct access for the Maldives to major Internet Exchange Points and Data Centres in South Asia, the Middle East and Europe. This development is expected to strengthen the nation’s digital resilience and meet the rising demand for high-quality data services.

During a welcome dinner for consortium participants, Dhiraagu’s CEO thanked members for their support and reiterated the company’s commitment to the project. He highlighted its importance for the Maldives, describing it as a key driver of digital transformation and economic growth.

The SEA-ME-WE 6 consortium includes prominent global telecommunications and digital service providers such as Batelco (Bahrain), BSCCL (Bangladesh), Bharti Airtel (India), China Unicom, Djibouti Telecom, Microsoft, Mobily (Saudi Arabia), Orange (France), PCCW Global, Singtel (Singapore), Sri Lanka Telecom, Telecom Egypt, Telekom Malaysia, Telin (Indonesia), and Trans World Associates (Pakistan).

How Structural Inequality Steals the Dreams of Maldivian Youth

The story of Maldivian youth is often told as one of ambition. They talk about careers in tech, in medicine, in creative industries. They dream big. Yet alongside those aspirations sits something harder to measure: doubt. Many feel that their family background, the island they come from, or the connections they lack limit their chances of pursuing the roles they want.

Here, where opportunity is shaped as much by geography as by talent, self-doubt is not just personal, it is systemic. A young person growing up on a remote island knows the weight of distance, how limited transport and schooling can shrink horizons. Even in Malé, where opportunities cluster, connections often matter as much as skills. The question is not simply “Am I good enough?” but “Do I know the right people?”

Too often, ambition collides with structural barriers. The absence of diverse industries, the over-reliance on tourism, the scarcity of scholarships, and the patchwork of training programmes mean that the leap from aspiration to achievement is longer than it should be.

And when opportunities do appear, they tend to flow toward those already advantaged. If your family can afford to send you to Malé or abroad for higher education, you are positioned differently from the student who finishes secondary school in an atoll island and sees no clear path forward. This is where confidence gaps widen into fault lines.

The challenge is not only geography or money. Politics, too, creeps into hiring. As one young professional put it, “I have a family member who is in politics, and since I am categorised as a politically exposed person, there is a lot of animosity around hiring people like me. They either feel that my relationship might influence my work or that they might face difficulties from the opposing side. So it’s quite the conundrum.” The barriers, in other words, are not just about merit but about perception.

Even those with international degrees and strong credentials can struggle. One graduate, who returned to Malé with high-level qualifications from one of the most prestigious universities in the world, still found the doors of opportunity closed. The problem was not ability, but a system that too often rewards familiarity and connections over capability.

The way forward begins with transparency. Corruption and nepotism lie at the root of many of these barriers, quietly shaping who gets access to opportunities and who is left waiting. Without open and fair processes, even the best-intentioned scholarship or training scheme risks reinforcing the same inequalities it was meant to reduce. Transparent recruitment, public reporting on scholarship awards, and clear criteria for promotions and placements are not bureaucratic details; they are safeguards against a culture where connections matter more than competence.

Alongside transparency, other tools matter. Apprenticeship programmes that reach beyond Malé could open pathways for students in atoll islands. Scholarships tied to emerging industries like renewable energy, fintech, or creative sectors would help diversify opportunities beyond tourism. Businesses that commit to merit-based hiring can set new standards for fairness. Mentorship networks can show young people that their future is not limited to who they know but what they can do.

Technology, too, can reduce the disadvantage of distance. Remote learning, online networking platforms, and digital work opportunities have the potential to widen horizons. But for these to matter, the systems distributing them must be trusted, and that trust rests on transparency.

The danger is assuming that self-doubt is an individual failing. It is not. It reflects deeper structural inequities. To dismiss it is to ignore the invisible barriers that keep bright, talented young people from believing their futures are possible. To take it seriously is to acknowledge that our workforce is shaped not only by supply and demand, but also by trust, in oneself, and in a system that is meant to provide fair chances.

If we want Maldivian youth to believe in their dreams, then the work begins not in them, but in us. It begins with transparency, fairness, and the will to ensure that opportunity flows on merit rather than influence.

Villa College Hosts 9th International Conference on Social Research and Innovation

Villa College has inaugurated its 9th International Conference on Social Research and Innovation (ICSRI 2025), bringing together academics, policymakers, and industry leaders to address global and national challenges through research-driven solutions.

Held from 10 to 11 September at the Villa College QI Campus, the conference convenes under the theme, “Synergies of Discovery: Igniting Solutions for the Future.” Since its launch in 2016, ICSRI has become the leading platform in the Maldives for aligning academic research with national priorities and the United Nations Sustainable Development Goals.

The opening ceremony was attended by His Excellency David Jessup, the Australian High Commissioner to the Maldives, who served as Chief Guest. In his address, Mr. Jessup underscored the importance of research-informed dialogue in tackling issues such as climate change, digital disruption, and social inequality. Villa College Rector, Dr. Ahmed Anwar, described the event as a flagship platform for fostering interdisciplinary collaboration and connecting researchers, students, and professionals.

This year’s two-day programme features over 75 paper presentations by 166 registered participants, covering areas such as digital transformation, climate action, business and social entrepreneurship, future skills, governance, health, and sustainable cities. The conference has also introduced “Impact Rooms,” a new initiative announced by Conference Chair and Deputy Vice Rector, Dr. Mohamed Adil. These sessions are designed to produce actionable policy briefs by bringing together researchers and policymakers on themes ranging from the blue economy and energy transitions to tourism equity and digital futures.

As part of the event, Villa College also announced the 2025 recipients of its research grants. The six winning projects include studies on air quality monitoring, thalassemia, ageing care models, autism screening, AI in tourism marketing, and consumer behaviour.

The conference also saw the launch of the International Journal of Social Research and Innovation, further cementing its role in advancing academic discourse in the Maldives.

ICSRI 2025 is supported by 24 sponsors, partners, and endorsers, including several government ministries, the Maldives Monetary Authority, UNICEF, Visit Maldives, and the Society for Health Education. Key partners include Dhiraagu, Amãna Takaful, the Maldives Pension Office, and STO.

By uniting a diverse range of stakeholders, ICSRI 2025 continues to strengthen the Maldives’ role as an emerging hub for innovation in the Indian Ocean region, while providing research-based solutions to pressing social and policy challenges.

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