MIRA Revenue Falls in September Despite Higher Tax Receipts
MIRA's September revenue fell yearly on lost one-off payment, but exceeded forecasts on tourism.
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Coffee Industry Leaders Share Business Advice with Young Maldivians
Coffee industry leaders share entrepreneurship and skill-building advice with young Maldivians at embassy panel.
Foreign Investment Transition Ends for Wholesale, Retail and Logistics Businesses
Foreign-owned wholesale, retail and logistics firms must now meet entry requirements or face enforcement action.
BML Profit Rises 26% as Lending Expands
BML posts record 26% profit rise on expanded lending amid foreign currency pressure.
Moody’s Raises Maldives to Caa1, Forecasts Wider Fiscal Deficit
Moody's upgrades Maldives to Caa1 on reduced default risk but forecasts wider deficit.
Protecting the Business Behind Every Guest Stay
Allied Insurance provides tailored guest house packages covering property, liability, activities and evolving business risks.
VietJet to Launch Direct Flights to the Maldives Ahead of Peak Tourism Season
VietJet launches direct Ho Chi Minh City to Malé flights this December before peak season.
Maldives Calls for Plastic Action Abroad, Rolls Back Bans at Home
Maldives demands global plastics treaty abroad while delaying and reversing single-use plastic bans domestically.
Maldives Subsidy Spending Reaches MVR 4.15 Billion as Deficit Widens
Maldives subsidy spending reached MVR 4.15 billion, exceeding allocation and widening the fiscal deficit significantly.
Gov’t Plans Urgent GST Changes After Overseas Tourism Industry Objections
Maldives plans urgent GST changes after overseas tourism operators object to new overseas tax rules.
Italian Operator Calls for Wider Maldives Sales Freeze Over GST Rules
Italian operators freeze Maldives sales and widen protest against new GST rules for non-residents.
September Tourism Holds Steady as Annual Arrivals Remain Below 2025
September tourist arrivals held steady year-on-year, but annual totals remain below 2025's pace.
August CPI Falls, but Food and Transport Remain Costlier
August CPI fell on cheaper cigarettes, but food and transport costs remained higher for households.
Singapore Court Orders Soneva Holdings Sale Process to Begin by November
Singapore court orders Soneva Holdings majority shareholder to begin marketed sale process by November.
Major-Power Rivalry Must Not Limit Small States’ Choices, Maldives Tells UN
Maldives urges UN cooperation protecting small states' sovereignty amid rivalry, debt and climate change threats.
Aman to Open First Maldives Resort in Vaavu Atoll
Aman debuts in Maldives with Amanolu resort and private-island residences in Vaavu Atoll, 2028.
Finance Minister Says Ras Malé Project Could Ease Dollar Shortage
Finance Minister says Ras Malé project could ease dollar shortage, though key financing details remain…
Eagle Hills, Government Agree Terms for USD 20 Billion Ras Malé Development
Government and Eagle Hills agree terms for USD 20 billion Ras Malé waterfront development.
Maldives Completes Repayment of USD 150 Million SBI Facility
The Maldives has completed repayment of a USD 150 million budget support facility arranged through…
Maldives Tests Climate Data Framework for Island States
The Maldives is being used as a pilot site for a climate-data framework designed to…
Maldives Ends Work Visa Conversion for Business Visa Holders
Maldives bars Business and Special Visa holders from converting to Work Visas, targeting employer misuse.
Minister Saeed Claims Dollar Black Market Rate Returns to 2023 Level
Minister Saeed says dollar black market rate returned to 2023 level, but shortages persist.
BML Shifts New Personal Accounts and Financing to Islamic Banking
BML makes Islamic banking the default for new personal accounts and financing, keeping conventional services…
BML Sets USD 16 Million Monthly E-Commerce Allocation for MVR Cards
BML sets shared USD 16 million monthly dollar allocations for MVR card e-commerce transactions.