Amendment to Construction Regulation Brings Mandatory Insurance Requirement
The government has amended the Construction Constructor Regulation, making it compulsory for all construction projects to obtain insurance coverage.
The amendment, which came into effect on 1 June, requires insurance to cover any potential damage or harm caused during construction, whether to the environment, nearby buildings, workers, pedestrians, or the wider community. Published in...
World Bank Calls for Radical Transparency to Prevent Debt Crises in Developing Countries
A new World Bank report warns that opaque debt practices are endangering the financial stability of many developing countries and calls for “radical transparency” to prevent future crises. The report, titled Radical Transparency, highlights that while public debt reporting has improved since 2021, significant gaps remain, especially in off-budget financing, collateralised loans, and domestic debt disclosures.
President Expands Tourism Access and Announces Dedicated Halal Tourism Islands
President Dr Mohamed Muizzu has unveiled two new tourism initiatives aimed at diversifying the Maldives’ visitor economy: opening underdeveloped atolls to tourism and designating islands exclusively for halal tourism.
In a post shared on social media platform X, the President announced that tourism is now open to Haa Alif, Haa Dhaalu, Shaviyani, Thaa, Laamu,...
Vice President Departs for Global Financing Conference in Spain
Vice President Uz Hussain Mohamed Latheef departed for Spain on Friday to attend the Fourth International Conference on Financing for Development (FfD4), set to take place in Seville from 30 June to 3 July 2025.
The conference brings together global stakeholders to address pressing issues in financial reform, debt sustainability, and inclusive development. It...
President Highlights MSMEs as Cornerstone of Economic Diversification
President Dr Mohamed Muizzu has reaffirmed the role of Micro, Small, and Medium Enterprises (MSMEs) in driving economic diversification and sustainable development in the Maldives, in a message shared on the occasion of International MSMEs Day.
Posting on his official X account, President Muizzu stated that his administration remains committed to enabling small businesses...
Ooredoo Fun Run Addu City Draws Over 3,000 Runners in a Celebration of Joy and Community
More than 3,000 runners gathered in Addu City for the 2025 edition of the Ooredoo Fun Run, marking another vibrant chapter in what is now widely regarded as the happiest 5K in the Maldives.
From the starting line to the finish, participants were immersed in a festive journey through colour blasts, foam zones, and...
CEO Summit 2025: Leaders Outline Blueprint for a Resilient Maldives
The Corporate Maldives CEO Summit 2025, held on 18 June at JEN Maldives Malé by Shangri-La, brought together leaders across sectors to engage in one of the country’s most grounded economic dialogues to date. Under the theme Building a Resilient Economy, the summit departed from convention by favouring honest, working discussions over rehearsed speeches.
Tourism Leaders Call for Balance, Innovation at Future Summit 2025
The Future Summit 2025 concluded yesterday at Kurumba Maldives, convening government officials, tourism leaders, and industry changemakers to chart a new direction for Maldivian tourism. Held under the theme “Maldives Tourism: The Next Leap Forward,” the summit focused on balancing growth with sustainability while strengthening local talent and cultural identity in the face of growing global competition.
STELCO Introduces Strategic In-House Training Framework for Staff Development
State Electric Company Limited (STELCO) has officially launched its In-house Trainers Pool, a new initiative to strengthen employee development by leveraging internal expertise.
The Trainers Pool was inaugurated yesterday by STELCO’s Managing Director, Hussain Fahmy, during a ceremony marking the programme’s start. The initiative is designed to tap into the knowledge, skills and experience...
SDG7 Report Highlights Renewable Energy Gaps Across Island States
A newly released global study tracking Sustainable Development Goal 7 (SDG7) has identified continued challenges across Small Island Developing States (SIDS) in expanding renewable energy and securing equitable energy investments, even as some countries including the Maldives have already made notable progress in areas like clean cooking access.
The Tracking SDG7: Energy Progress Report 2025,...
Maldives and China Development Bank Discuss Enhanced Financial Cooperation
Minister of Finance and Planning Moosa Zameer met with senior officials from the China Development Bank (CDB) yesterday to discuss ongoing financial collaboration and explore avenues for future support. The meeting took place on the sidelines of the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), currently being held in...
Maldives Reaffirms Commitment to AIIB Partnership at 10th Annual Meeting in Beijing
The Maldives has expressed its appreciation for the support received from the Asian Infrastructure Investment Bank (AIIB) and signalled its intention to deepen ties with the institution in the coming years.
Speaking at the Business Roundtable titled “Building on a Decade of Impact” during AIIB’s 10th Annual Meeting held in Beijing, Minister of Finance and Planning...
Villa College Opens Applications for September 2025 Intake
Villa College has officially opened applications for its September 2025 intake, offering prospective students a wide array of academic pathways across more than 100 programmes. Spanning from Foundation to Master's levels, the programmes cover high-demand fields including education, engineering, information technology, business, health sciences, psychology, tourism, and law.
The September intake includes both in-house...
Maldivian Expands Reach with Entry into TravelSky GDS and BSP China
Maldivian, the national airline of the Maldives, has announced its integration into the TravelSky Global Distribution System (GDS) and its official entry into IATA’s Billing and Settlement Plan (BSP) in China. The move, effective from 25 June 2025, aims to improve accessibility and ticketing convenience for Chinese travel agents and international partners.
With this...
With Over a Million Visitors, the Maldives Watches Gulf Air Corridors with Caution
Tourist arrivals to the Maldives crossed 1.07 million as of 23 June 2025, with China, Russia, and the United Kingdom leading the market. While this reflects a strong and steady recovery, the country’s growing reliance on major air transit hubs, particularly Dubai, Doha, and Abu Dhabi, could become a strategic vulnerability if regional instability continues to escalate.
CMDA Says It Lacks Enforcement Powers to Tackle Scams
The Capital Market Development Authority (CMDA) has stated that while it holds legal responsibility to investigate scams, its ability to take action is constrained by a lack of enforcement powers.
In comments made during a recent appearance on state media, CMDA’s CEO Mohamed Hussain Maniku explained that the authority’s mandate is limited to cases...
Operation Hamamagu Begins: Immigration Targets Undocumented Migrants in Addu
Maldives Immigration has launched its largest enforcement operation to date in Addu City, under a campaign titled Operation Hamamagu. The effort, which began today, aims to regularise undocumented migrants and crack down on illegal employment practices across the city.
According to officials, 35 officers from the Enforcement and Compliance Division, along with personnel from the...
WEF Report Highlights Urgent Priorities for Fintech Growth
As the fintech industry transitions from a phase of rapid expansion into one focused on sustainable growth and collaboration, there are pressing lessons for Maldivian policymakers and business leaders seeking to strengthen the country’s financial infrastructure and unlock opportunities in digital finance.
The World Economic Forum’s second edition of The Future of Global Fintech offers insight...
Finance Minister Engages AIIB and SINOSURE in High-Level Talks in Beijing
Minister of Finance and Planning Moosa Zameer is in Beijing, China, representing the Maldives at the 10th Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB), being held from 24 to 26 June 2025 at the China National Convention Center.
Minister Zameer took part in the Governors’ Special Session...
More Changes at MMA as Longtime Advisor Dismissed
Idham Hussain has been dismissed from her position on the Board of the Maldives Monetary Authority (MMA), as part of a series of ongoing changes within the institution.
The change was confirmed to media by an MMA official. Idham’s departure from the board follows several other high-level exits from the institution this year.
Finance Ministry Announces Sale of Treasury Bills Worth Over MVR 4 Billion
The Ministry of Finance and Planning has announced the sale of Treasury Bills worth MVR 4.3 billion, inviting subscriptions ahead of a 30 June 2025 settlement date. The sale, listed as T-Bill Series TB-2025-012, will open for bids on 29 June 2025.
The government is offering four tenors across short to medium-term maturities. These...
President Proposes Incentives to End Island-Level Tobacco Use
President Dr Mohamed Muizzu has directed the Cabinet to assess the feasibility of providing financial rewards to residents of islands that achieve a complete halt in tobacco use.
In a statement posted on his official X account on Tuesday, the President announced that he has instructed relevant ministers to study the proposal and prepare...
Gov’t Engages Stakeholders Amid Flight Concerns from Gulf Airspace Closures
Tourism Minister Thoriq Ibrahim has stated that the Maldives is closely monitoring the escalating conflict in the Middle East and is working with industry partners to ensure the continued smooth operation of the tourism sector.
The remarks, shared early Tuesday morning on X, come amid heightened tensions following Iran’s missile strike on a US...
Dhiraagu Launches Bonus Credit Offer for Prepaid Customers Reloading via App
Dhiraagu has rolled out a limited-time offer for its Prepaid customers, giving them the opportunity to earn free bonus credit when reloading through the DhiraaguApp and other digital channels.
According to the company, customers who reload MVR 100, MVR 200, or MVR 500 through the DhiraaguApp, MyAccount, or the official Dhiraagu website will receive...
LATEST ARTICLES
Amendment to Construction Regulation Brings Mandatory Insurance Requirement
The government has amended the Construction Constructor Regulation, making it compulsory for all construction projects to obtain insurance coverage.
World Bank Calls for Radical Transparency to Prevent Debt Crises in Developing Countries
A new World Bank report warns that opaque debt practices are endangering the financial stability of many developing countries and calls for...
President Expands Tourism Access and Announces Dedicated Halal Tourism Islands
President Dr Mohamed Muizzu has unveiled two new tourism initiatives aimed at diversifying the Maldives’ visitor economy: opening underdeveloped atolls to tourism...
Vice President Departs for Global Financing Conference in Spain
Vice President Uz Hussain Mohamed Latheef departed for Spain on Friday to attend the Fourth International Conference on Financing for Development (FfD4),...
President Highlights MSMEs as Cornerstone of Economic Diversification
President Dr Mohamed Muizzu has reaffirmed the role of Micro, Small, and Medium Enterprises (MSMEs) in driving economic diversification and sustainable development...
