Architecture That Breathes: How Aséria Balances Climate and Comfort
Situated on the northeastern edge of Hulhumalé, Aséria is emerging as a true architectural marvel in the Maldives. With strong interest from discerning clients, the project is set for completion by May 2027. The name Aséria, derived from “Aseri” meaning shore or coast, and “Hiyaa” meaning haven, reflects a carefully chosen name for this exceptional residential community.
Maldives Halal Travel Wraps Up Major Campaigns in Bosnia, Malaysia, and the Philippines
Maldives Halal Travel has concluded three major destination marketing campaigns across Bosnia and Herzegovina, the Philippines, and Malaysia, wrapping up the initiative on 20 June 2025. The campaign also marked the launch of the fourth edition of the Maldives Halal Travel Magazine, a significant milestone for both the platform and the Maldives tourism sector.
Maldives Targets New Wave of Investors With 50-Year Resort Leases
In its latest bid to expand high-value tourism infrastructure, the Government of Maldives has opened public tendering for the lease, development, operation, and management of 14 resort plots. These include vast lagoons and smaller islands across five atolls. Announced by the Ministry of Tourism and Environment, the tender represents one of the most ambitious resort development calls...
Gov’t Spending Trails Behind Revenue as Maldives Posts MVR 1.36 Billion Surplus
The Maldives recorded a budget surplus of MVR 1.36 billion as of 19 June 2025, despite subdued government spending on capital projects. According to the Ministry of Finance’s latest Weekly Fiscal Developments report, the government collected MVR 17.6 billion in revenue and grants while spending MVR 16.2 billion over the same period.
The report...
Gov’t Invites Bids to Develop Halal-Compliant Resorts on Long-Term Leases
The Ministry of Tourism and Environment has announced a public tender for the lease, development, and operation of six tourist resorts under the Halal Tourism Model, distributed across five atolls in the Maldives. The tender invites both local and foreign bidders to submit proposals for long-term development of these sites, each of which must comply fully with...
BML Raises Debit Card Limit to USD 500, Adds Up to 30% Fee on Temu, Shein and Other Platforms
Bank of Maldives has raised the monthly foreign transaction limit for MVR-denominated debit cards to USD 500, while also announcing a new transaction fee of up to 30 percent on purchases from selected e-commerce platforms including Temu, Shein, Alibaba, AliExpress, Lazada and eBay.
Effective 1 July 2025, the increased USD 500 monthly cap applies...
Corporate Maldives Publishes June 2025 Edition of Corporate Maldives Magazine
Corporate Maldives has published the June 2025 edition of the Corporate Maldives Magazine. As a quarterly print publication, we continue our commitment to capturing the pulse of the Maldives’ business landscape through in-depth features and sectoral highlights.
In this issue, our Corporate Maldives Spotlight shines on First National, a homegrown financial services provider working to deepen...
MACL AGM 2024: Nurain Cheers Expansion Progress, Confirms MVR 75 Million Dividend
The Maldives Airports Company Limited (MACL) held its Annual General Meeting at the Hulhule Island Hotel, spotlighting record profits and key developments, including the upcoming opening of a new terminal at Velana International Airport. The meeting was chaired by Ayesha Nurain Janah, with board members, Chief Executive Officer and Managing Director Ibrahim Shareef Mohamed, and executive management...
Maldives Establishes Embassy in Qatar to Deepen Bilateral Cooperation
The Maldives has formally established an embassy in Qatar, marking a renewed effort to strengthen ties with the Gulf nation across a range of sectors, including education, politics, defence, and economic cooperation.
President Dr Mohamed Muizzu announced the decision under Article 116(h) of the Constitution, which grants the President authority to determine the diplomatic...
President Begins State Visit to Singapore as Diplomatic Relations Mark Golden Jubilee
President Dr Mohamed Muizzu and First Lady Madam Sajidha Mohamed have departed on a state visit to Singapore, scheduled from 29 June to 2 July 2025. The trip coincides with the golden jubilee of formal diplomatic relations between the Maldives and Singapore, first established on 20 February 1975.
During the visit, President Muizzu is...
Bayfancy Residence Reaches New Heights as 9th Floor Slab Completed
Bayfancy Residence continues its steady rise with the successful completion of the ninth-floor slab, marking yet another milestone in the development’s carefully executed construction schedule. The project is unfolding in line with its design vision, delivering tangible progress at every level.
Interior works are progressing in tandem. The first floor’s internal partition walls are...
Maldives Stresses Development, Climate Aspects of Maritime Connectivity at Istanbul Forum
Minister of Transport and Civil Aviation, Mohamed Ameen, has emphasised that maritime connectivity must be recognised not merely as a transport concern, but also as an issue tied to development and climate resilience. His remarks came during a panel discussion at the Global Transport Connectivity Forum 2025, currently taking place in Istanbul, Türkiye.
Addressing...
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...
LATEST ARTICLES
Architecture That Breathes: How Aséria Balances Climate and Comfort
Situated on the northeastern edge of Hulhumalé, Aséria is emerging as a true architectural marvel in the Maldives. With strong interest from...
Maldives Halal Travel Wraps Up Major Campaigns in Bosnia, Malaysia, and the Philippines
Maldives Halal Travel has concluded three major destination marketing campaigns across Bosnia and Herzegovina, the Philippines, and Malaysia, wrapping up the initiative...
Maldives Targets New Wave of Investors With 50-Year Resort Leases
In its latest bid to expand high-value tourism infrastructure, the Government of Maldives has opened public tendering for the lease, development, operation,...
Gov’t Spending Trails Behind Revenue as Maldives Posts MVR 1.36 Billion Surplus
The Maldives recorded a budget surplus of MVR 1.36 billion as of 19 June 2025, despite subdued government spending on capital projects....
Gov’t Invites Bids to Develop Halal-Compliant Resorts on Long-Term Leases
The Ministry of Tourism and Environment has announced a public tender for the lease, development, and operation of six tourist resorts under...
