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…
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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.
New MIRA Guide Clarifies GST on Tourism Resellers and Agents
MIRA guide explains how expanded 17 percent tourism GST applies to inbound resellers and agents.
State Revenue Reaches MVR 2.42 Billion as Delayed Taxes Lift August Collections
August state revenue rose to MVR 2.42 billion, boosted by delayed taxes and overdue payments.
UK Says Chagos Sovereignty Talks Remain Bilateral Matter
UK reaffirms Chagos sovereignty is bilateral with Mauritius, rejecting Maldives' push to join negotiations.
Gov’t Moves to Retake Dhiraagu Majority and Fully Own MWSC
Government moves to secure majority Dhiraagu stake and full ownership of MWSC utility companies.
European Operators Raise Concerns Over Maldives Tourism Tax
European operators seek delay to new Maldives tourism tax on offshore travel businesses.
Maldives’ Foreign Currency Changes: What Businesses, Suppliers and Employees Need to Know
New Maldives foreign currency rules raise conversion requirements and shorten deadlines for businesses and tourism…
What the Maldives’ New GST Rules Mean for Overseas Tour Operators
Maldives extends 17 per cent tourism GST to qualifying overseas tour operators from October 2026.
Visit Maldives Corporation Requires a Complete Structural Overhaul, Not Just a Leadership Change
Maldives tourism marketing agency needs structural reform and financial accountability, not just repeated leadership changes.
Seven New Laws Reshape Tax, Forex and Transport Rules
Seven ratified laws expand state regulation over forex, taxation, land, transport and fisheries.
Fiscal Deficit Reaches MVR 1.13 Billion Despite Revenue Growth
Maldives swings to MVR 1.13 billion deficit as spending outpaces revenue growth in 2026.
Abdulla Yaasir Appointed Managing Director of Visit Maldives Corporation
Abdulla Yasir appointed CEO and Managing Director of Visit Maldives Corporation, succeeding resigned Shiuree.
Parliament Passes 40% Resort Dollar Conversion Rule and Restricts Black Market Rate Publication
Parliament mandates resorts convert 40% of foreign revenue and restricts publishing black market currency rates.
Tobacco-Free Pledge Faces Another Reversal as Import Concessions Expand
Government expands tobacco import concessions while claiming to fight tobacco use, raising policy contradiction concerns.
New Rule Requires Expatriate Workers to Receive Salaries Through Banks
New Maldives rule mandates expatriate salaries be paid directly into workers' bank accounts.
MHA Raises MVR 30 Million Through Fully Subscribed Sukuk
MHA raised MVR 30 million via fully subscribed Sukuk to fund Hulhumalé commercial development.
President Muizzu Urges Shift in Global Investment Narrative Around SIDS
Muizzu urges reframing SIDS size as innovation advantage, seeking investment, technology and cross-island cooperation platforms.