Chinese Yuan Accounts and WeChat Pay Integration Rolled Out by BML

Bank of Maldives (BML) has introduced Chinese Yuan accounts for the first time in the country, a move aimed at facilitating financial transactions and trade between the Maldives and China.

The launch was marked at an event attended by the Chinese Ambassador to the Maldives, Kong Xianhua, along with BML Chairperson Ahmed Ali Habeeb, CEO and Managing Director Mohamed Shareef, and members of the bank’s board.

According to the bank, the new service allows both individuals and businesses to open current accounts in Chinese Yuan via internet and mobile banking. Customers will also be able to carry out international transfers directly in Yuan and issue Letters of Credit in the currency, which is expected to ease trade finance operations for importers and exporters working with Chinese partners.

Additional services linked to the new accounts include the option for customers to link BML-issued MVR Visa and Mastercard cards to WeChat Pay for payments in China. Customers can also add USD cards to the platform. For the first time, BML customers will also be able to accept payments in Yuan directly into their WeChat Wallet for use in Mainland China or for peer-to-peer transfers.

BML also announced that it will begin issuing UnionPay cards in January 2026. The cards, available to both individuals and businesses, will be accepted in more than 180 countries.

President Outlines Key Development Commitments During Island Tour

President Dr Mohamed Muizzu’s ongoing tour of four atolls has centred on a series of development pledges, with particular focus on infrastructure, fisheries, education, healthcare, and coastal protection. The visits have provided local councils and communities the opportunity to outline their priorities, while the President has given assurances on accelerating key projects.

In F. Dharan’boodhoo, the administration pledged to complete ongoing projects while initiating new ones, including a health centre upgrade to extend service hours, a fitness and recreation centre, an outdoor volleyball court, and a football ground with a running track. Plans were also announced for a new police station and coastal erosion mitigation, with funds to be allocated in the 2026 budget.

At F. Magoodhoo, President Muizzu assured that the long-delayed airport will be completed within 12 months. He also confirmed construction of a multipurpose school hall and a health centre within the year, while harbour upgrades are scheduled for the 2026 budget. The President inaugurated a Bank of Maldives ATM and laid foundation stones for new facilities including the Island Council Secretariat, a Fitness and Recreation Centre, and a police post.

In Mulakatholhu Veyvah, commitments included harbour development in the 2026 budget, expansion of the health centre within this year, and resolving school space constraints by the beginning of the 2026 academic year.

Meanwhile, in M. Mulah, the President unveiled plans to revitalise the fisheries sector with a 30-tonne ice plant, cold storage, and a fuel skid project set for January. He also confirmed the island’s health centre would be upgraded to hospital status immediately, alongside 50 new housing units, accelerated harbour development, and coastal protection work. Road construction and a new Fitness and Recreation Centre are expected to be completed within four months, while a school expansion project is scheduled for completion before the next academic year.

Throughout the tour, the President has repeatedly highlighted his administration’s commitment to resuming stalled projects and securing budget allocations for upcoming developments. The visits underline a push towards strengthening local infrastructure, modernising the fisheries sector, and addressing long-standing community concerns in the atolls.

MFDA Launches Major Food Safety Inspections Across Greater Malé

The Maldives Food and Drug Authority (MFDA), in partnership with Malé City Council and the Housing Development Corporation (HDC), has begun a large-scale inspection of food and beverage establishments across the greater Malé region. The ten-day operation, running from 21 to 30 September, is part of the government’s efforts to enforce the newly enacted Food Safety Act and raise public health standards.

According to the MFDA, while annual inspections are carried out regularly, this year’s exercise is more stringent due to the strengthened provisions of the Food Safety Act. The law introduces tighter regulations on all aspects of the food industry, covering importation, labelling, production, and sales.

The inspections will target a wide range of providers, including restaurants, cafés, takeaways, and other approved food outlets. Particular focus will also be placed on identifying and shutting down establishments operating without MFDA authorisation.

Under the new framework, the MFDA confirmed it will take firm action against violations. This includes imposing fines, mandating closures of unlicensed outlets, and publishing the names of businesses that fail to comply with safety requirements. The authority said the decision to publicise non-compliant establishments is aimed at improving transparency and accountability within the industry.

The operation will be conducted in Malé, Vilimalé, Thilafushi, and Hulhumalé, with six dedicated teams comprising officials from both the MFDA and Malé City Council.

The Food Safety Act, which came into effect earlier this year, requires all food establishments to register and obtain a licence to operate. Penalties for non-compliance range from MVR 10,000 to MVR 100,000, reflecting the government’s push to enforce higher safety standards across the food sector.

Beijing Capital Airlines Becomes First Chinese Carrier to Operate from VIA Terminal 1

Velana International Airport’s new Passenger Terminal 1 has welcomed its first Chinese airline, with Beijing Capital Airlines officially beginning operations from the facility. The milestone makes the carrier the fifth airline to move into the terminal, which has been gradually opening its doors to international operators.

The inaugural flight, JD455-6, arrived with 276 passengers on board and was greeted with a ceremonial water salute and traditional cultural dances. At the same time, the airline opened its check-in counters at the terminal and offered gift bags to the 248 passengers departing on its first outbound flight.

A ceremony was held to mark the occasion, attended by Adhil Moosa, the former CEO and Managing Director of Maldives Airports Company Limited (MACL), who now serves as CEO of Treetop Hospital.

Beijing Capital Airlines, a low-cost carrier based at Beijing Daxing International Airport, joins four other airlines currently operating from Terminal 1: national carrier Maldivian, UAE’s Air Arabia, premium carrier Beond, and Sri Lanka’s Fitz Air.

According to MACL, two more airlines are scheduled to transition their operations to Terminal 1 within the week, further expanding the range of carriers using the new facility.

Maldives Marks 60 Years of United Nations Membership

The Maldives has marked 60 years since joining the United Nations, reflecting on six decades of active engagement with the international community and its role in advancing the interests of Small Island Developing States. The anniversary, which fell yesterday, was commemorated with messages of commitment to multilateralism and international cooperation.

The Maldives became a member of the UN on 21 September 1965, shortly after gaining independence. Since then, the country has been a vocal advocate for issues such as climate change, sustainable development, human rights, and the protection of small states. The UN has in turn supported the Maldives with technical assistance, capacity-building programmes, and efforts to achieve the Sustainable Development Goals.

Over the years, the Maldives has held prominent positions within the UN. These include multiple terms on the Human Rights Council, the Presidency of the 76th General Assembly, and initiatives such as the establishment of the International Day of Women in Diplomacy. The Maldives has also been behind efforts to create a Voluntary Technical Assistance Trust Fund to support the participation of Least Developed Countries and Small Island Developing States in the work of the Human Rights Council, and has contributed to the recognition of the right to a clean, healthy, and sustainable environment.

President Dr Mohamed Muizzu, in a message marking the anniversary, described the Maldives’ entry into the UN as a moment of hope and ambition. He noted that the relationship between the Maldives and the organisation has since evolved into a flourishing partnership that has helped strengthen healthcare, education, governance, and human rights.

Highlighting the Maldives’ leadership on climate action, the President said the country’s efforts have shown that even the smallest states can make meaningful contributions to peace, justice, and sustainability. He also called for reform within the UN to meet modern challenges, stressing the importance of maintaining trust in decision-making and citing the ongoing conflict in Gaza as an example of the need for decisive action.

As the Maldives looks back on its 60-year journey with the UN, it has reaffirmed its commitment to the principles of the UN Charter and its intention to continue advocating for a more just, resilient, and sustainable world.

Dhiraagu Signs as Platinum Partner for GM Forum 2025

Dhiraagu has signed on as the Platinum Partner for the upcoming General Managers (GM) Forum 2025, organised by Hotelier Maldives.

Scheduled for 13 October 2025, this year’s forum will focus on the theme “Digitalization and Expanding Experiences”, examining how technology can be integrated into Maldivian hospitality to enhance the guest journey while retaining authenticity. The event will bring together senior leaders, innovators, and decision-makers from across the tourism sector for keynote speeches, panel discussions, and networking opportunities.

“Digitalization is redefining the future of hospitality, enabling smarter, seamless, and personalized guest experiences. By partnering with Hotelier Maldives at the GM Forum 2025, Dhiraagu is proud to stand alongside industry leaders, driving innovation that will transform and strengthen the Maldivian hospitality sector,” said Ali Riyaz, Chief Commercial Officer at Dhiraagu.

Dhiraagu has maintained an active role in supporting initiatives that promote the growth of the hospitality industry. The company has continued to roll out digital solutions designed to improve efficiency and create opportunities for businesses across the sector.

Maldives’ Economy Grew 3.5% in 2024 as Tourism Offset Fisheries Decline

The Maldives economy expanded by 3.5 per cent in real terms last year, but the latest GDP figures reveal a story of uneven growth. The data, released by the Maldives Bureau of Statistics, show that while tourism and household spending kept the economy moving, traditional sectors such as fisheries and construction weighed heavily on performance.

Real GDP reached MVR 100.5 billion in 2024, up from MVR 97.1 billion in 2023. In nominal terms, the economy climbed to MVR 108.7 billion, a 6.7 per cent increase. At the individual level, GDP per capita stood at USD 11,721, 4.7 per cent higher than the previous year.

Tourism once again anchored the economy, growing 8.2 per cent as bed-nights increased by 7.6 per cent, particularly from European and Chinese markets. This translated into a stronger performance in transport, communications, and trade, which together reflected the ripple effect of tourist spending through the wider economy. Household consumption rose 7.5 per cent, indicating robust demand from residents as well.

Yet the numbers also underline vulnerabilities. Fisheries contracted by 33.1 per cent, mirroring a collapse in fish catch volumes. This is more than just a bad year for fishing: it highlights the sector’s fragility at a time when policymakers are trying to diversify exports. Construction also shrank by 1.7 per cent, suggesting delays in investment projects despite government commitments to infrastructure.

External balances tell a similar story of strain. Net trade dropped 21.5 per cent, with goods exports falling by 17.1 per cent even as service exports grew 7.5 per cent. Imports rose faster than exports, reflecting both domestic demand for consumer goods and the dependency on imported building materials.

The 2024 figures point to a dual reality. On one hand, tourism is resilient, driving growth and sustaining related industries. On the other, structural weaknesses in fisheries and construction, combined with a widening trade gap, suggest that the economy remains highly exposed. For businesses, the message is clear: sectors tied to tourism continue to offer opportunities, but reliance on this single growth engine leaves the economy vulnerable to external shocks.

Nationwide Crackdown on Unlicensed Expatriate Businesses to Begin

Photo: Maldives Immigration

President Dr Mohamed Muizzu has announced that a nationwide operation will begin on Sunday to identify and shut down unlicensed businesses, with a particular focus on those operated by expatriates. The initiative will also target undocumented expatriates for deportation.

Speaking to residents of Faafu Nilandhoo, the President said the operation is aimed at ensuring all economic activity in the Maldives is conducted in line with the law. He noted that while irregular migration has been a persistent issue for years, earlier administrations had taken few concrete steps to address it.

According to the President, recent efforts under ‘Operation Kurangi’ have collected biometric data on 178,982 expatriates, a large proportion of whom are undocumented. He added that more than 8,000 undocumented expatriates have been deported in recent months as part of ongoing enforcement measures.

The President also highlighted other challenges, naming drug abuse and gang-related crime as longstanding issues that his administration intends to tackle through transparent processes without interference in the judiciary. He referred to the recent enactment of the Prevention of Gang and Other Serious Offences Act and confirmed that amendments to the Drug Act are being drafted for submission to Parliament.

The announcement comes just weeks after the Ministry of Homeland Security and Technology said it was preparing to launch a mass regularisation programme for undocumented expatriates. No details have yet been released by the Ministry or Maldives Immigration regarding how the new crackdown on unlicensed businesses will be implemented.

President Muizzu Details Infrastructure Projects During Vaavu and Faafu Tour

President Dr Mohamed Muizzu visited several islands in Vaavu and Faafu atolls yesterday, where he outlined ongoing and planned development projects and signed agreements with local councils.

In Vaavu Keyodhoo, the President said a land reclamation project will begin early next year, with funds included in the upcoming state budget. Agreements were also signed for a new health centre with a 20-bed capacity and a four-storey school building. He noted that the new facilities are expected to address current space and electricity challenges. Plans were also announced to install a dollar-denominated ATM by March.

In Faafu Bileiydhoo, harbour expansion and land reclamation were highlighted as priority projects, with the Maldives Transport and Contracting Company (MTCC) assigned to carry out the work. Budget allocations are expected in the coming year. Groundbreaking ceremonies were also held for new premises for the Police Station and Health Centre, as well as a Fitness and Recreation Centre.

On Faafu Feeali, the President said the stalled land reclamation project will resume once rock boulders are delivered, with 15 hectares planned for reclamation. Agreements were signed for harbour upgrades, a jetty, a mosque, and a futsal ground. A new Police Station project was launched, and Bank of Maldives introduced ATM services on the island.

At Faafu Nilandhoo, the President confirmed that the airport development will be completed within 30 months, with the runway extended to 1,800 metres under a revised scope of land reclamation. He added that the government intends to proceed with a series of related projects, including road development, sewerage and water supply systems, housing, and healthcare facilities. A canning factory and fuel storage tanks are also among the initiatives linked to the island’s designation as an Urban Centre.

He further stated that Women’s Development Committees (WDCs) will receive 10 per cent of council budgets from next year, an increase from the current five per cent.

The President said that the government intends to continue consultations with island councils and expects a second round of meetings nationwide to be completed by November.

Contract Handed to MACL for Faafu Nilandhoo Airport Development

The Maldives Airports Company Limited (MACL) has officially been handed the contract to develop and operate the new airport in Faafu atoll Nilandhoo. The agreement was signed on Saturday during a ceremony held on the island, attended by President Dr. Mohamed Muizzu as part of his current tour of the atolls.

The contract was signed between Finance Minister Moosa Zameer and MACL Managing Director Ibrahim Shareef Mohamed. Under the project, MACL will be responsible for constructing what has been described as a state-of-the-art airport, including an 1,800-metre runway.

President Muizzu noted that land reclamation is nearing completion for the runway. He added that while the Maldives Transport and Contracting Company (MTCC) had initially been contracted to reclaim land for a 1,500-metre runway, the scope has now been expanded to include an additional 300 metres.

He described the airport as an important development not only for Nilandhoo but for the entire atoll. The project is part of the government’s wider policy of ensuring that every inhabited island, resort, or industrial area is within a 30-minute distance of a domestic airport.

MTCC was first awarded the airport construction contract in March 2024, with work to be completed within 390 days. The project has since shifted to MACL, which will oversee both the construction and operation of the facility.

Plans for an airport in Nilandhoo are not new. The administration of former President Abdullah Yameen Abdul Gayoom had also allocated budget funds for its construction, although the project did not move forward at the time.

Once completed, the Nilandhoo airport is expected to improve connectivity and support economic growth across Faafu atoll.

Gov’t Announces Lease of Faafu Nilandhoo Land for Hotel Development

The Ministry of Tourism and Environment has announced a public tender for the lease of a 13,300 square feet plot of land in Nilandhoo, Faafu Atoll, to develop, operate, and manage a tourist hotel.

According to the bid invitation, the selected developer will be required to establish a minimum 50-bed facility, equivalent to 25 rooms, within a maximum construction period of 24 months. The lease will run for 50 years under the Maldives Tourism Act (Law No. 2/99).

The Ministry has set a minimum lease acquisition cost (LAC) of USD 50,000 and a minimum corporate social responsibility (CSR) contribution of USD 20,000 for the project. In addition, an annual rent of at least USD 4 per square metre will apply, with incremental increases during the lease period.

Evaluation criteria will consider proof of financial capacity, rental and LAC offers, CSR commitments, as well as socio-economic contributions such as local staff parity and gender representation. Interested parties are required to demonstrate a minimum investment of USD 30,000 per room, with at least 20 percent equity of the projected investment value.

A bid security of USD 5,000 issued by a recognised financial institution is required, valid for 150 days beyond the bid opening date. The highest evaluated bidder will also need to provide an environmental assessment and a land survey within 45 days of receiving the Letter of Award.

Information sessions for interested parties will be held virtually on 6 October 2025, while bid submissions are scheduled for 20 November 2025. Bidding documents can be purchased from the Ministry between 18 September and 18 November 2025 at a fee of USD 300.

The initiative is part of ongoing efforts to expand tourism infrastructure and attract investment into the atolls, particularly outside the central region.

Gov’t to Raise Over MVR 2 Billion Through New T-Bill Issuance

The Ministry of Finance has announced the sale of MVR 2.26 billion worth of Treasury Bills (T-Bills), with subscriptions opening on 21 September 2025 and settlement due on 22 September 2025.

According to the official notice, the offering spans four maturities, with varying interest rates reflecting market conditions. A total of MVR 384 million will be issued under a 28-day maturity at 3.50 percent, while MVR 402.25 million is offered under a 98-day maturity at 3.87 percent. The 182-day bills amount to MVR 576 million at 4.23 percent, and the largest tranche is the 364-day maturity, with MVR 896.9 million offered at 4.60 percent.

The issuance is part of the government’s ongoing efforts to manage short-term financing requirements through domestic debt instruments. T-Bills remain a key tool for the state to secure liquidity while providing investment opportunities for financial institutions operating in the Maldives.

As outlined in the invitation, all subscriptions must follow the Ministry’s prospectus and be submitted within the designated timeframe. Payments must be settled in full on the stated date, with failure to comply potentially resulting in suspension from future government securities operations.

The auction comes at a time of continued reliance on T-Bill financing to meet budgetary needs. The steady rise in interest rates across maturities reflects both liquidity conditions in the financial sector and the government’s increasing cost of domestic borrowing.

Villa College Celebrates Graduation of 1,488 Students

Villa College has celebrated the graduation of 1,488 students this year, marking a milestone in its role as a key higher education provider in the Maldives. The ceremonies, held across six sessions at the Villa College QI Campus, showcased the institution’s continued contribution to developing skilled professionals across diverse fields.

Of the graduating cohort, 843 students, or 58 percent, completed programmes developed by Villa College, while 645 students, representing 41 percent, graduated from programmes delivered in partnership with the University of the West of England (UWE Bristol). Women formed the majority of this year’s graduating class, making up 70 percent of graduates.

The graduates are now poised to enter critical sectors such as education, health sciences, law and shari’ah, business, information technology, engineering, and accounting and finance. This year’s event also highlighted the first cohorts from several new programmes, including the Bachelor of Teaching in Chemistry and Biology, Bachelor of Aviation Management, Bachelor of Electrical and Electronic Engineering, Bachelor of Mechanical Engineering, and Bachelor of Mechatronics Engineering. Additionally, the Master of Counselling and Bachelor of Arts in Interior Architecture and Design saw their first graduates.

The ceremonies were attended by senior government officials and partners, including Minister of Cities, Local Government and Public Works Adam Shareef Umar, Minister of State for Higher Education, Labour and Skills Development Ahmed Shafeeu, and Minister of Health Abdulla Nazim Ibrahim. The UWE Bristol session featured the university’s Vice-Chancellor, Professor Sir Steve West, who underlined the strength of the partnership with Villa College and welcomed the graduates into UWE’s global alumni network of over 300,000 members.

Villa College Rector Dr Ahmed Anwar reminded graduates of their responsibility to contribute positively to society, while Vice Rector Dr Ali Najeeb noted a 10 percent increase in the number of graduates compared to last year. He also highlighted that many Villa College students continue their academic journey at the institution, with 21 percent of graduates returning for a Master’s degree within a year, and over 30 percent of foundation students enrolling in degree programmes.

Since its establishment in 2009, Villa College has graduated 24,173 students, reinforcing its position as one of the country’s leading higher education institutions.

Investor Residency Visa in Design Phase, Consultations Underway

The government is developing the legal and policy framework for the Maldives’ first investor residency visa programme, according to Minister of Economic Development and Trade Mohamed Saeed. The initiative is aimed at attracting foreign capital and expanding the country’s investment portfolio as part of efforts to diversify the economy.

The programme is currently in its design stage, with work centred on regulatory structures, enabling legislation, and operational components. Saeed described the ongoing phase as focused on shaping policy and legal frameworks, supported by consultations with government agencies and the private sector.

A second round of stakeholder meetings took place in mid-September, following initial discussions in August. The sessions brought together representatives from Henley & Partners, an international firm specialising in investment migration, alongside ministry officials and other stakeholders.

The government formally partnered with Henley & Partners during a Business Forum in Singapore earlier this year, held during President Dr Mohamed Muizzu’s visit to the country. A service agreement was signed at the forum to establish collaboration on the programme.

Residency by investment programmes are widely used in other countries to draw foreign capital and investors. While this marks the Maldives’ first attempt to implement such a scheme, officials say it is designed to align with international standards while responding to domestic economic priorities.

Government projections indicate that the scheme could attract up to USD 6 billion in investment within its first five years, although details of eligibility, investment thresholds, and associated benefits for applicants are yet to be confirmed.

President Muizzu Announces Land Reclamation, Harbour, and Healthcare Projects in Atoll Tour

President Dr Mohamed Muizzu has announced a series of development projects during his ongoing tour of Vaavu, Meemu, Faafu, and Thaa Atolls, where he is scheduled to visit all 31 inhabited islands across the four atolls.

In Vaavu Atoll, where the tour began, the President inaugurated harbour development works in Fulidhoo and confirmed that 12 hectares of land would be reclaimed in conjunction with the project, subject to community approval. He noted that reclamation would begin next year once residents formally endorse the initiative. Alongside the harbour works, he announced that a US dollar ATM will be installed on the island by March 2026 and inaugurated the expansion of Fulidhoo Health Centre into a 20-bed facility.

During meetings with island councils and communities, additional requests were made for expanded healthcare staffing, upgrades to school infrastructure, and the introduction of more sports facilities. Agreements were signed for the construction of a volleyball court in Fulidhoo, with work on a futsal ground scheduled to begin later this year.

On Thinadhoo, the President pledged a sustainable solution to the island’s harbour needs and inaugurated ATM services, while also committing to install a US dollar ATM before March 2026.

At Felidhoo, the President launched National Identity Card and passport issuance services, marking the completion of ID card rollout across all atolls. He highlighted this as a key step in decentralising services and reducing reliance on Malé. He also announced that construction of a 30-bed hospital will commence on the island, alongside plans for a new school building, a multi-purpose indoor sports complex, and a 12-hectare land reclamation project scheduled for next year.

In addition, he reiterated the Government’s commitment to expanding the sea ambulance fleet and providing essential services across Felidhe Atoll.

The President is accompanied by Cabinet ministers and senior government officials on the eight-day trip. The visits are part of his pledge to tour all atolls and directly engage with councils and residents to address development priorities.

Democracy Dies in the Dark

President Dr Mohamed Muizzu on Thursday ratified the controversial media regulation bill, replacing the country’s self-regulatory system with a state-controlled Maldives Media and Broadcasting Commission. In one decision, the Maldives moved further from the fragile experiment of democratic accountability and closer to a model of rule where dissent is not managed, but muted.

The path to ratification revealed as much as the law itself. The bill was rushed through Parliament during recess, in an extraordinary sitting. Opposition MPs who tried to object were expelled from the chamber. A petition signed by 151 journalists was brushed aside. Outside, reporters and civil society activists gathered in protest, only to be forcibly dispersed by police. Journalists were arrested and released, and threats circulated to family members of those who spoke out. What should have been a deliberative process was treated instead as a test of raw power, and the ruling party proved it has the numbers and the will to prevail.

Supporters argue that the law is regulatory rather than controlling, pointing to amendments that removed explicit powers to shut down media outlets. But regulation is not the same as independence. The new commission will be appointed and structured under government oversight, its authority defined by vague language open to political use. Even if it never formally closes a newsroom, the knowledge that it could will change how journalism is practiced. Self-censorship is not a bug of such systems. It is the intended feature.

This law is not just about journalists. It is about democracy itself. A press that fears reprisal is a press that asks fewer questions. And when questions stop being asked, corruption thrives in silence. Development projects proceed without scrutiny. Political deals are struck in backrooms rather than debated in public. Over time, power calcifies, and citizens lose not only their freedoms but also their economic prospects. Investors are wary of states where information is unreliable, where transparency is treated as a threat. Tourism, trade, and international cooperation all depend on the credibility of governance. In silencing the press, governments ultimately weaken themselves.

The Maldives is not the first country to attempt this. Around the world, we have seen how democracies erode: Hungary under Viktor Orbán, Turkiye under Recep Tayyip Erdoğan, Sri Lanka under successive regimes that blurred the line between government and media. The pattern is familiar: weaken the courts, control the press, consolidate the legislature, and ensure no countervailing institution can challenge the executive. What begins as an argument for “order” or “regulation” soon becomes a machinery of control.

Shakespeare captured this cycle in Julius Caesar. Brutus feared that once crowned, Caesar would forget the people, turning his back on the ladder that raised him. “The abuse of greatness is when it disjoins remorse from power,” he said. That line echoes here. In ratifying this bill, the president has chosen power without remorse, ambition without accountability.

The truth is that democracy rarely ends with a bang. It ends with procedure. Leaders say nothing essential has changed. Laws are passed. Committees meet. Votes are tallied. All the while, freedoms shrink. Each time a space closes, a court no longer independent, a press no longer free, the country takes another step into the dark. And the tragedy is that by the time the danger is fully visible, it is often too late.

The Maldives has lived through authoritarian cycles before. Each time, the lesson has been the same: control is not permanence. Rulers who try to silence dissent eventually fall to it. Citizens do not forget the value of their voice once it has been taken from them. Journalists adapt, resist, and find ways to tell the truth even when the cost is high. But the damage done in the meantime, to institutions, to the economy, to trust, is profound.

The question now is not whether the bill is law. It is what the country will do with this reality. Will citizens accept the slow suffocation of free speech as the cost of stability? Or will they, as in previous generations, insist that democracy requires more than ballots and majorities? The ratification of this law is a milestone, but it need not be the final word.

For now, though, the message is unmistakable. The lights are dimming. And unless the people insist otherwise, democracy in the Maldives will die in the dark.

Finance Ministry: Indian T-Bill Roll-Over Reflects Confidence in Maldives

The Indian government has approved the roll-over of a USD 50 million Treasury Bill subscribed by the State Bank of India (SBI), following its maturity on 18 September. The decision was confirmed during high-level discussions held in Malé on Wednesday between delegations from both countries.

The Maldivian side was led by Finance Minister Moosa Zameer, while the Indian delegation was headed by High Commissioner G. Balasubramanian.

In a statement, the Finance Ministry said the roll-over underscores India’s continued confidence in the Maldives and reflects the robust financial support extended by the Indian government. The Ministry added that discussions also focused on development projects financed under India’s Lines of Credit, with both sides reviewing progress, identifying challenges, and agreeing on measures to ensure timely completion.

Talks further explored ways to expand bilateral trade, with both parties expressing commitment to increasing economic cooperation and boosting trade volumes between the two countries.

The roll-over comes at a time when the Maldives faces mounting fiscal pressures, with around USD 500 million in debt repayments due this year and a further USD 1 billion next year.

It follows the extension of another USD 50 million T-Bill in May this year. During former President Ibrahim Mohamed Solih’s administration, SBI subscribed to three USD 50 million T-Bills issued by the Maldivian government. One of these was repaid by the current administration in January 2024.

The Ministry said both sides reaffirmed their commitment to the long-standing partnership, noting that the cooperation reflects a shared vision for mutual development and prosperity.

Dhiraagu Partners with Dhivehi Premier League to Uplift Maldivian Football

Dhiraagu has signed on as the Title Partner of the Dhivehi Premier League, the country’s most prestigious football tournament.

Organised by the Football Association of Maldives (FAM), the Dhiraagu Dhivehi Premier League will run from 18 September 2025 to 5 February 2026 at the National Football Stadium, Galolhu Rasmee Dhandu. The tournament will feature the nation’s top ten football clubs: Maziya Sports & Recreation, Club Valencia, Victory Sports Club, New Radiant Sports Club, United Victory, Club Eagles, TC Sports Club, Buru Sports Club, Club Green Streets, and Odi Sports Club.

“We are proud to support the Dhivehi Premier League, the most prestigious football tournament in the Maldives. Football has always been the nation’s most loved sport and plays a crucial role in bringing communities together. As such, we remain committed to supporting the league to uplift the football scene in the Maldives and help develop the next generation of players,” said Ali Riyaz, Chief Commercial Officer at Dhiraagu.

President of FAM, Ahmed Thariq, welcomed the partnership, stating: “On our journey to bring back the spirit and excitement of Maldivian football, we are committed to developing players and clubs, creating competitive platforms, and strengthening the game at every level. Dhiraagu has always been a key partner of Maldivian football, and we sincerely thank them for their support at a time when it is most needed, as we work towards restoring the pride and glory of football in the Maldives.”

Dhiraagu noted that the partnership aligns with its broader efforts to support sports development, empower youth, and foster community spirit across the Maldives.

Atoll Conference Highlights Resilience and Conservation at Jawakara Islands Maldives

The first-ever Atoll Conference was held at Jawakara Islands Maldives from 1 to 5 September 2025, bringing together more than 30 international experts alongside local stakeholders to discuss atoll resilience and conservation.

The five-day conference featured geologists, marine biologists, anthropologists, ecologists, and sociologists who shared research and explored the challenges and opportunities of conserving atoll ecosystems. Participants took part in presentations, workshops, and field visits, highlighting the interconnection between geology, ecology, vegetation, and human activity in shaping island environments.

From its inception, Jawakara Islands Maldives has placed sustainability at the heart of its vision. The resort hosts the Jawakara Atoll Research Center and the Maldives’ first Sea Turtle Teaching Hospital, both designed to integrate science, education, and community engagement.

“The idea for the Research Center and the Sea Turtle Institute was part of the Jawakara vision from the very beginning,” said Filip Petre, Owners’ Representative at Champa Lars. “We wanted to create something unique and environmentally sustainable for our guests, an experience that allows them to learn about the island ecosystem while contributing to its protection. The Sea Turtle Institute is one of a kind, and we believe there is a real need for such a facility. Hosting this conference is just the beginning of the kind of transformative work that will take place here.”

The Olive Ridley Project, a partner in developing the Sea Turtle Institute, noted its pioneering role. “This is the Maldives’ first sea turtle teaching hospital, and we will soon implement the world’s first accredited sea turtle veterinary nursing program, developed in partnership with Maldives National University,” said Isha Afeef from the Olive Ridley Project.

Conference leads Sebastian Steibl from Naturalis Biodiversity Centre, Netherlands, and James Russell from the University of Auckland, New Zealand, reflected on the event’s significance. “Atolls are often described as lost causes to climate change, with rising sea levels painting a grim picture of their future. But two decades of research have shown us that there is still hope, local actions can build resilience. What we achieved here in the Maldives was to bring together leading global experts, local NGOs, and community representatives to rethink what atoll sustainability can look like.”

Participants also shared reflections. Zaahie Saeed from Griffiths University, Australia, called the event “truly inspiring,” while representatives from Maldives Resilient Reefs said it provided valuable insights into holistic conservation approaches. Ahmed Reehan Mohamed from the Miyaru Shark Program stressed the importance of reinforcing regulations on the Maldives’ shark ban.

The conference concluded with a call for greater interdisciplinary collaboration and recognition of atolls’ ecological and cultural importance. Organisers noted that the event sets the stage for the Jawakara Atoll Research Center and Sea Turtle Institute to serve as future hubs for research, education, and conservation in the Maldives.

Ooredoo Maldives Expands Club Premier Network with Barceló Nasandhura Malé Partnership

Ooredoo Maldives has announced Barceló Nasandhura Malé as the newest partner of its Club Premier loyalty programme, extending exclusive benefits and privileges to its premium customers.

The partnership provides Club Premier members with access to special offers at Barceló Nasandhura Malé, including up to 10 percent discounts on selected services and opportunities to book the property for private events. Members will also be able to enjoy curated experiences across the property’s dining and leisure outlets.

Barceló Nasandhura Malé is home to Oivaru Restaurant, which hosts themed dining nights, B.Heaven, a rooftop venue featuring live music on weekends, and Alimas Café, offering coffee, snacks and desserts.

Commenting on the collaboration, Ooredoo Maldives Chief Commercial Officer Hussain Niyaz said, “Our partnership with Barceló Nasandhura Malé further strengthens our commitment to offering premium experiences and exclusive privileges to our most valued customers. Barceló Nasandhura’s renowned hospitality and vibrant atmosphere make it a perfect addition to our growing network of partners, ensuring our Club Premier members enjoy truly exceptional moments.”

Deputy General Manager of Barceló Nasandhura Malé, Enric Reina, added, “It’s an honor to come onboard as a partner of Ooredoo Maldives’ Club Premier program. At Barceló Nasandhura Malé, we take pride in offering exceptional services, and through this partnership, we look forward to extending exclusive benefits to Ooredoo’s premium customers.”

Ooredoo Club Premier is designed to reward the company’s most loyal customers with a range of privileges, discounts, and premium lifestyle experiences. The partnership with Barceló Nasandhura Malé is part of Ooredoo’s ongoing efforts to enhance the value of the programme.

Hawks Group Opens London Office to Strengthen European Presence

Hawks Group has expanded its global network with the launch of Hawks Group (UK) Ltd, announced during London International Shipping Week 2025. The move marks a key milestone in the company’s international growth and strengthens its operations in North West Europe, a region considered vital for global shipping, energy logistics, and trade.

“Hawks Group (UK) Ltd will become our focal point for relations with suppliers and clients in North West Europe,” said Mr. Hassan Rifau, CEO of Hawks Group. “London remains a leading centre for shipping, insurance, finance and bunkering – and as Hawks is a tanker fleet owner, physical supplier, oil cargo and bunker trader worldwide, having an office in London was a natural strategic step in our global expansion plans.”

The new office will be led by Senior Bunker Trader Mehmet Özgür Yaycıoğlu, who brings over 16 years of experience in marine fuel trading and physical supply. He has previously held senior positions at Med Petroleum DMCC and CYE Petrol, managing trading strategies and operations across the Mediterranean.

Hawks Group described London as a natural hub for its expansion, citing the city’s established role in shipping, arbitration, maritime law, and energy trading. The office will also act as a touchpoint for existing European partners while enabling closer collaboration with stakeholders across the Atlantic, Baltic, Mediterranean, and African bunkering markets.

The expansion adds to Hawks Group’s global presence, with offices already established in the Maldives, Dubai, Singapore, Monaco, Shanghai, Kuala Lumpur, Colombo, and Istanbul. In 2024, the company traded more than 500,000 metric tonnes of bunkers and cargo worldwide.

Headquartered in the Maldives, Hawks Group operates as a global supplier and trader of marine fuels and cargo. The company is known for its commitment to fuel quality assurance, regulatory compliance, and timely delivery, serving a wide range of fleets, offshore installations, and luxury vessels.

SDFC Expands Board with Appointment of Islamic Finance Expert

The SME Development Finance Corporation (SDFC) has announced the appointment of Uz. Hassan Kalaam as a non-executive director to its Board of Directors.

Kalaam currently serves as Chief Islamic Banking Officer at Bank of Maldives, where he has played a key role in the strategic development and growth of the bank’s Islamic banking services. With more than 13 years of experience in financial services, he is also a licensed Shariah Advisor.

He holds a Master’s Degree in Islamic Finance from the International Centre for Education in Islamic Finance (INCEIF) in Malaysia and is a Senior Associate Member of the Chartered Institute of Islamic Finance Professionals.

With his addition, the SDFC Board now includes Mohamed Shareef, Badhurudheen Hassan, Fathimath Farihath Waheed, Hassan Kalaam, Fathimath Azma, Ahusal Mohamed, and Fathimath Yamna.

Transport Minister Discusses Expansion of Fuvahmulah Airport Services

Minister of Transport and Civil Aviation Mohamed Ameen has held discussions with the Fuvahmulah City Council on plans to expand the services of Fuvahmulah Airport and strengthen the city’s overall transport network. The meeting was part of the Minister’s visit to the island.

The session was attended by Mayor Ismail Rafeeq and council members, during which a Memorandum of Understanding was signed between the Ministry and the City Council. The agreement outlines measures to improve the quality of transport services available to residents.

In a statement shared on social media, Minister Ameen said the talks focused on expanding airport operations and enhancing land and sea transport services in line with the government’s efforts to strengthen transport networks nationwide. He noted that the initiatives aim to improve services for residents and bring wider benefits to the city.

The Fuvahmulah Airport, operated by Maldives Airports Company Limited (MACL), has been the subject of recent assessments. On 6 September, MACL’s Managing Director Ibrahim Shareef Mohamed and a team visited the island to inspect the airport and meet with the City Council. Discussions during that visit covered operational challenges, resource and equipment needs, and the importance of conducting a detailed study on the airport’s current condition.

The Council and MACL also exchanged views on modernising airport services. Fuvahmulah Airport, which opened in November 2011 with a 1,200-metre runway, has been considered for upgrades. Studies conducted last year reviewed options such as extending the runway to 1,800 metres to allow jet landings, expanding the passenger terminal, and developing a dedicated tourism area.

New Facility Aims to Make Kulhudhuffushi First Plastic-Free Urban Centre

The Maldives has inaugurated its first specialised waste recovery facility in Kulhudhuffushi City. The initiative also sets the stage for Kulhudhuffushi to become the nation’s first urban centre free from plastic waste.

The Material Recovery Facility was developed through a collaboration between the Maldives Authentic Crafts Cooperative Society (MACCS), the Kulhudhuffushi City Council, and the state-owned Waste Management Corporation (WAMCO). It is part of the Plastic Free Rivers and Seas for South Asia (PLEASE Project), an environmental programme led by the South Asia Co-operative Environment Programme (SACEP).

At the opening ceremony, Norbu Wangchuk, Director-General of SACEP, highlighted the Maldives’ vulnerability to environmental challenges and stressed the importance of marine conservation. He described the facility as a transformative step for the region and expressed optimism that sustained cooperation could help make Kulhudhuffushi the country’s first plastic-free city.

The centre is the first in the Maldives dedicated exclusively to safe waste management. Its operations will be overseen by WAMCO under a formal agreement with MACCS and the City Council. According to MACCS Chairperson Aminath Abdulla, the facility is designed to provide a systematic and sustainable framework for waste disposal. Waste collected from across the island will be sorted on site, with particular attention to plastics, which will be compressed and baled using specialised equipment.

The facility is equipped to prepare recyclable materials such as plastic and aluminium for further processing. Its infrastructure includes two baling machines, a hydraulic pallet stacker, a hydraulic pallet truck, and four pickup trucks to support waste collection and transport. In line with sustainability goals, the complex is partially powered by solar panels.

Beyond technical systems, the centre also features an office, pantry, and prayer room for staff. Workers have been provided with protective gear, and WAMCO employees have received project-specific training to ensure efficient operation of the facility.

Officials expect the centre to significantly strengthen waste management practices in Kulhudhuffushi once fully operational. The project is among several initiatives led by MACCS to reduce plastic waste nationwide. The inauguration ceremony was attended by senior representatives from MACCS, WAMCO, the City Council, and various local associations, underlining broad institutional support for the venture.

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