Government to Launch Essential Commodity Price Index to Track Food Inflation
The government is preparing to launch a new Essential Commodity Price Index (ECPI) to track the prices of 162 key goods, as part of broader efforts to improve oversight of cost-of-living pressures. The ECPI is being developed by the National Bureau of Statistics and is expected to be made public within days.
Unlike the...
Gov’t Rolls Out Tourism Trust Fund and New Advertising Guidelines
The Maldivian government has introduced a set of new regulations aimed at improving transparency and accountability in the tourism sector, including the formal establishment of a Tourism Trust Fund and the tightening of rules around tourism advertising.
Announced on Monday by the Ministry of Tourism and Environment, the Tourism Trust Fund is positioned as a...
MMA Report Shows Easing Inflation, But Food and Dining Costs Still Rising
The Maldives recorded an inflation rate of 3.8 percent in June 2025, a notable drop from 4.6 percent the previous month, according to the latest Economic Update from the Maldives Monetary Authority (MMA). While the headline figure indicates a cooling trend, the underlying data points to sustained cost pressures in key areas of daily spending.
Proposed Amendment Grants MMA Power to Penalise Unlicensed Payment Operators
The Maldives Monetary Authority (MMA) has proposed a sweeping amendment to the National Payment System Act that would impose fines ranging from MVR 100,000 to MVR 10 million on entities operating payment services without a valid licence.
The amendment, submitted by PNC MP Adam Shafeeq on behalf of the government, aims to give the...
Maldives Sees 11.5% Growth in Tourist Arrivals for July 2025
Tourism arrivals to the Maldives rose to 186,738 in July 2025, marking an 11.5 percent year-on-year increase compared to the same period in 2024. This growth trend continues the positive momentum seen throughout the year, as the total number of tourists crossed 1.31 million by 3rd August.
The July average stood at just over...
Ooredoo Maldives Partners with Amana Takaful to Offer Free Home Assets Insurance with All New SuperNet Connections
Ooredoo Maldives has partnered with Amana Takaful Insurance to launch a new benefit for customers signing up for its SuperNet service. Throughout August, every new SuperNet connection will come with a complimentary Home Assets Insurance package, offering protection for household items at no additional cost.
This initiative provides coverage for furniture, electronic appliances, clothing,...
Shake-up at MMA’s Financial Intelligence Unit Raises Questions About Central Bank Autonomy
The head of the Maldives Monetary Authority’s Financial Intelligence Unit (FIU), Abdulla Ashraf, was removed from his position and reassigned to lead the Risk and Compliance Department last Thursday. His replacement, Ismail Sajid, will formally take over as FIU head this week.
According to the central bank, the decision is part of broader structural...
Corporate Maldives Magazine August 2025 Edition Now Published
Corporate Maldives has published the August 2025 edition of the Corporate Maldives Magazine. As a quarterly print publication, we remain committed to spotlighting key players and developments shaping the Maldivian business landscape.
In this issue, our Corporate Maldives Spotlight shines on Ooredoo Maldives, marking 20 years since the company first entered the market. From transforming connectivity across the...
Dhiraagu Launches New Speedboat Giveaway, Offering Two Vessels Over One-Year Promotion
Dhiraagu has announced the launch of its latest customer giveaway campaign, 'Enrol & WIN 2 Speedboats', continuing its annual tradition of high-value prize promotions. The announcement was made at a press conference held at the company’s headquarters.
The promotion, now in its third consecutive year following previous Tesla and speedboat giveaways, offers Dhiraagu Prepaid,...
UNESCO Report Highlights Opportunities and Gaps in Maldives’ AI Readiness
The Maldives has taken a major step in preparing for the age of artificial intelligence (AI) with the publication of its first national AI Readiness Assessment Report, produced in collaboration with UNESCO. The report presents a mixed picture: while progress has been made in laying the groundwork for ethical and inclusive AI, the country faces substantial challenges...
Gov’t Conducts Training for State Agencies Amid Spending Reform Push
The Ministry of Finance has wrapped up a three-day training programme aimed at strengthening public financial management across state institutions in the Greater Malé Region. The sessions, held under the guidance of the Public Finance Institute, concluded on Saturday evening and brought together 168 participants from 51 different government agencies.
The training comes at...
Ooredoo Maldives Connects Waldorf Astoria Ithaafushi with Submarine Cable, Creating Maldives’ First Private 5G Island
Ooredoo Maldives has completed the first-ever submarine cable landing at a Maldivian resort, linking the ultra-luxury Waldorf Astoria Maldives Ithaafushi to its wider fibre network. The development marks a significant leap in digital infrastructure for the nation’s tourism industry, positioning the island as the country’s first private 5G-enabled resort.
The cable, which runs through...
Real GDP Growth Improves, but MMA Forecasts Trimmed for 2025
Maldives’ real economy showed signs of modest acceleration in the first quarter of 2025, with gross domestic product (GDP) expanding by 2.5 percent compared to the same period in 2024. This marked an improvement over the 1.9 percent growth recorded in the final quarter of last year, according to the latest Quarterly National Accounts released by the...
Ooredoo Delivers Q2 Profit, Marks 20 Years of Innovation
Ooredoo Maldives closed the second quarter of 2025 with a net profit of MVR 167.9 million, maintaining its profit margin at 31.1 percent despite a slight dip in gross revenue compared to the previous quarter. The company reported MVR 539.5 million in revenue during the quarter, a 1.3 percent decline quarter-on-quarter and a marginal 0.2 percent decrease...
Maldives Maintains Budget Surplus as Development Spending Stagnates
The Maldives recorded a budget surplus of MVR 1.05 billion as of 17 July 2025, according to the Ministry of Finance’s latest Weekly Fiscal Developments report. The surplus comes against the backdrop of robust revenue growth and subdued capital expenditure, painting a complex fiscal picture midway through the year.
Cumulative revenue and grants reached MVR 20.5...
Minister Thoriq, US Ambassador Discuss Clean Energy Investments in Maldives
The Government of the Maldives and the United States have reaffirmed their commitment to environmental collaboration, following high-level talks between Minister of Tourism and Environment Thoriq Ibrahim and US Ambassador Hugo Yon. The meeting at the Environment Ministry in Malé, centred on accelerating foreign investment in clean energy, particularly solar and other renewable technologies.
dusitD2 Feydhoo Maldives Opens Following Strategic Acquisition Through AWG Consulting
A new chapter has begun in Maldivian tourism with the official opening of dusitD2 Feydhoo Maldives, a resort developed on an island once used as a picnic spot and now transformed into a contemporary luxury retreat. The opening follows years of planning and development by the investors, that began with the acquisition and early groundwork facilitated by...
Ooredoo Maldives Celebrates 20 Years with Special Offers and Grand Prizes
Ooredoo Maldives has launched a series of promotional offers to mark its 20th anniversary, thanking customers for their loyalty over the past two decades. The celebrations highlight the company’s continued commitment to enriching digital lives and strengthening community connections across the country.
Among the headline offers is the continuation of the company’s #LiveUnlimited campaign....
Maldives and the Global South: A Strategic Recalibration Through India and Sri Lanka
Since the election of President Mohamed Muizzu in November 2023, Maldives’ foreign policy has undergone a profound recalibration. Once known for the “India Out” rhetoric, the archipelago is now repositioning itself within the Global South as a nimble actor navigating power competition in the Indian Ocean. Recent state visits by India’s Narendra Modi and Sri Lanka’s Anura...
STO Sees Resilient Second Quarter Despite Lower Revenue from Global Fuel Market
State Trading Organization (STO) reported steady performance for the second quarter of 2025, with strong profitability and improved liquidity, even as overall revenue dipped due to falling global fuel prices and reduced jet fuel demand.
Total revenue stood at MVR 3.55 billion for the quarter, marking a 12 percent decrease compared to the previous...
Embracing Paperless Accounting: Why Odoo is Gaining Ground in the Maldives
Maldivian businesses are steadily moving away from paper trails and spreadsheets, driven by the growing need to eliminate inefficiencies, reduce operational costs, and ensure compliance. As part of this digital transformation, many companies are turning to Odoo, an integrated enterprise resource planning (ERP) platform, as a smarter, more scalable way to manage their internal operations.
Maldives Grants 90-Day Free On-Arrival Visas to Sri Lankan Tourists
Sri Lankan citizens travelling to the Maldives will now be eligible for a 90-day free on-arrival tourist visa, according to an announcement by Maldives Immigration. The decision, which came into effect on 30th July 2025, marks a notable step in strengthening travel ties between the two nations.
The visa arrangement was finalised following discussions...
Dhiraagu Launches Colocation Services to Strengthen Maldives’ Digital Infrastructure
Dhiraagu has expanded its suite of enterprise services by introducing a new Colocation Service aimed at supporting businesses with secure and reliable infrastructure for hosting critical IT systems.
At the centre of this new service is the country's first Tier IV Certified Data Centre, purpose-built to ensure maximum uptime, operational continuity, and resilience. The...
Bilateral Talks Highlight Indian Ocean Security and Fisheries Innovation
Fisheries and Ocean Resources Minister Ahmed Shiyam has reaffirmed the Maldives’ strong partnership with Sri Lanka in the areas of regional fisheries cooperation and maritime security. His remarks came during high-level discussions held as part of the State Visit of Sri Lankan President Anura Kumara Dissanayake to the Maldives.
Minister Shiyam highlighted the long-standing...
LATEST ARTICLES
Government to Launch Essential Commodity Price Index to Track Food Inflation
The government is preparing to launch a new Essential Commodity Price Index (ECPI) to track the prices of 162 key goods, as...
Gov’t Rolls Out Tourism Trust Fund and New Advertising Guidelines
The Maldivian government has introduced a set of new regulations aimed at improving transparency and accountability in the tourism sector, including the...
MMA Report Shows Easing Inflation, But Food and Dining Costs Still Rising
The Maldives recorded an inflation rate of 3.8 percent in June 2025, a notable drop from 4.6 percent the previous month, according...
Proposed Amendment Grants MMA Power to Penalise Unlicensed Payment Operators
The Maldives Monetary Authority (MMA) has proposed a sweeping amendment to the National Payment System Act that would impose fines ranging from...
Maldives Sees 11.5% Growth in Tourist Arrivals for July 2025
Tourism arrivals to the Maldives rose to 186,738 in July 2025, marking an 11.5 percent year-on-year increase compared to the same period...
