Transport Ministry Issues 200 Seafarer Documents, Expands Certification Schemes

The Ministry of Transport and Civil Aviation has resumed issuing Seafarer Identity Documents (SIDs) after nearly a decade, marking a significant shift for Maldivians seeking employment in the maritime sector. According to the ministry, 200 seafarers have received the document since issuance began on 24 June 2024.

The SID is required under the International Labour Organization’s Maritime Labour Convention and is recognised by both the International Maritime Organization and the ILO. Its absence had long restricted Maldivians from working aboard international liner vessels, with some countries refusing entry to seafarers without the credential. In some cases, this resulted in deportations or financial penalties. By late 2023, local recruitment companies had stopped offering overseas placements for Maldivian workers, further weakening the sector.

In a publication released this week, the ministry said the resumption of SID issuance closes a regulatory gap that has hindered the industry for years. Officials expect the measure to improve access to international employment and restore opportunities that had been unavailable to Maldivian crews.

The ministry has also introduced Certificates of Competency (CoC) aimed at broadening professional pathways for those working on cargo vessels in the Near Coastal Area. Applicants who complete Certificate III in Marine Operations or Certificate III in Marine Engineering may obtain a CoC after passing an oral examination. Over the past two years, fourteen Deck CoC certificates have been issued, enabling holders to qualify for officer-level positions on vessels serving coastal routes.

The ministry noted that the combined reforms address issues that had created long-standing barriers for maritime workers. With SID issuance underway and new competency certifications available, officials say conditions have improved for those seeking to re-enter regional and international maritime markets.

Gov’t Eyes Long-Term Sector Reform Through New Medicine Supply Company

Health Minister Abdulla Nazim Ibrahim has said that the newly formed State Pharmaceutical and Medical Supply Corporation Limited will serve a broader purpose than importing medicine, emphasising that the Maldives has the capacity to eventually develop its own pharmaceutical industry.

Responding to a parliamentary question from North Galolhu MP Mohamed Ibrahim, the Minister noted that medicine imports have historically been channelled through STO. However, as STO operates across a wide range of sectors, it has not been positioned to focus exclusively on pharmaceutical supply. He said this has created the need for a dedicated state enterprise with the ability to prioritise and manage the issue more effectively.

Nazim explained that many countries operate specialised pharmaceutical companies to ensure long-term planning, stronger oversight, and clearer accountability. The purpose of the new Maldivian corporation, he said, is to take a more structured and sector-wide approach. This includes assessing national demand, identifying reliable manufacturers, strengthening links with regional suppliers, and developing laboratory and research capacity. He also noted that neighbouring countries already produce a significant portion of their own medicines, and that the Maldives should explore similar opportunities through research, investment, and industry development.

His remarks come against the backdrop of recent medicine shortages. Reforms to Aasandha pricing resulted in the halt of imports of certain drugs, while the issuance of several medicines already available in the country was also suspended for various reasons. These developments created nationwide supply pressures earlier in the year.

To address these challenges, President Dr Mohamed Muizzu established the State Pharmaceutical and Medical Supply Corporation on 7 September with the aim of centralising and improving the country’s medicine supply system. Nazim said the initiative should be viewed as part of a broader transition within the health sector, pointing to recent efforts to develop local capacity in areas such as medical and nursing education.

The corporation’s Managing Director, Dr Shah Mahir, told Mihaaru News last month that work is underway to transfer medicine supply responsibilities from existing entities to the new company. He estimated that the corporation will take between three and six months to become fully operational.

Tourist Arrivals Maintain Strong Double-Digit Growth Ahead of Peak Season

Tourist arrivals to the Maldives are closing in on the two-million mark, with the latest data showing steady double-digit growth as the country approaches the final and busiest stretch of the year. According to the Ministry of Tourism and Environment’s daily update, arrivals reached 1,988,900 as of 25 November, reflecting a 10 percent increase compared with the same period in 2024.

November has so far recorded 161,966 arrivals, up 12.4 percent from last year. Daily figures throughout the month have remained consistently strong, generally ranging between 5,700 and 7,800 visitors. While the data do not yet show a sharp pre-holiday spike, the overall trend points to a healthy build-up toward December, which traditionally delivers the highest arrivals of the year.

Most major source markets continue to show solid performance. China leads with 309,368 arrivals, followed by Russia, the United Kingdom, Germany, and Italy. The rankings remain largely unchanged from 2024, indicating stable and reliable demand heading into high season. Resorts account for the largest share of visitors at 73.6 percent, with guesthouses contributing a further 21.6 percent. Operational bed capacity remains steady at 66,415.

Monthly data illustrate a clear upward trajectory across 2025, with every month except February outperforming both 2023 and 2024. October recorded 190,445 arrivals, and November is on course to maintain that momentum. With just a few days left in the month, the industry is positioned to enter December from a strong base rather than relying on a late surge.

As the festive season approaches, the tourism sector appears well-placed for a robust finish to the year. Consistent year-on-year growth suggests that demand remains resilient, and operators are now preparing for December to consolidate what has already been one of the strongest annual performances in recent years.

Reclamation Work in Hulhumalé Phase III Set to Accelerate as Second Dredger Arrives

President Dr Mohamed Muizzu has announced further progress in ongoing land reclamation efforts, confirming that the dredger TSHD Prins Der Nederlanden arrived in the Maldives today and will begin work in Hulhumalé Phase III tomorrow. The update was shared on the President’s official X account.

The newly arrived dredger will operate alongside TSHD Oranji, which has already been mobilised for the project. According to the President, bund wall work in Giraavaru Falhu will begin once the Environmental Impact Assessment and other required procedures are completed.

Reclamation of Hulhumalé Phase III is scheduled for completion by the end of next month. Following this phase, both dredgers will be relocated to Giraavaru Falhu, where land reclamation is expected to finish within two to three months.

The President has previously highlighted that reclamation initiatives across the Malé region are advancing at a rapid pace as part of broader efforts to address the area’s housing pressures. He also noted that further acceleration is expected in December with the deployment of additional dredgers.

SAMPA Sees Stronger Oversight Amid Rising Tourist Activity

The Ministry of Tourism and Environment has stepped up conservation efforts in the South Ari Marine Protected Area following growing concerns over vessel traffic and an increase in incidents involving visitors. The area, home to one of the world’s few year-round populations of endangered Whale Sharks, has long been a major draw for tourists.

Speaking on state media Minister Thoriq Ibrahim said safeguarding protected sites such as SAMPA remains a priority. He highlighted the unique ecological conditions that make the site significant, noting that the merging of reefs and currents produces plankton blooms that attract Whale Sharks, known locally as Fihurihi, throughout the year. This has made the zone one of the most visited wildlife sites in the country.

To improve safety and oversight, the ministry introduced a requirement in February for tourists to enter SAMPA only under the supervision of certified guides. Since then, more than 530 participants have taken part in the training programme, with 440 passing the certification exam. Minister Thoriq said the initiative forms part of a broader framework to regulate marine activity within the protected zone. He also confirmed that a dedicated Ranger Service has been established in the region, with rangers recording around 121 hours of patrol time so far this year.

The increased focus follows several serious incidents in recent years involving visitors in the area. Ministry data show that most resident Whale Sharks have been injured by vessel strikes, with roughly 70 percent bearing propeller scars. The Environment Ministry has since tightened regulations for all who operate within SAMPA, including tourists, guides, captains, and crew, in order to reduce risks and prevent further harm to the species.

UK and Maldives Mark 60 Years of Relations with New Climate and Education Announcements

The United Kingdom and the Maldives marked 60 years of diplomatic relations this week during a visit by UK Minister for the Indo-Pacific Seema Malhotra. The two-day trip was her first official visit to the Maldives since assuming office less than three months ago.

During the visit, Minister Malhotra travelled to Huraa to observe a UK-supported mangrove conservation project and announced a £250,000 contribution to a new blended finance initiative with the Government of Maldives and UNDP. The initiative, funded through the Climate Action for a Resilient Asia (CARA) programme, aims to support climate-smart and nature-positive industries including sustainable fisheries, seaweed farming, marine biotechnology and circular aquaculture.

The UK also announced 11 new Chevening scholarships for Maldivians, the highest number awarded in a single year, bringing the total alumni network to more than 70. The Minister held meetings with the Minister for Tourism for Environment, the Minister for Economic Development and Trade, and State Ministers for Foreign Affairs and Homeland Security and Technology. Discussions focused on areas such as clean energy, maritime security and counterterrorism.

Commenting on the visit, Minister Malhotra said the two countries continue to work together on shared challenges. “Sixty years on, our friendship with the Maldives is stronger than ever. Together we’re addressing shared challenges from tackling climate change to promoting sustainable growth through a partnership built on mutual respect,” she said.

The UK recognised Maldivian independence on 26 July 1965. Since then, bilateral ties have expanded to include cooperation in trade, tourism, climate resilience and democratic governance. The UK remains the third-largest source market for visitors to the Maldives, with nearly 200,000 arrivals expected this year, and is the second-largest market for Maldivian tuna exports.

Climate collaboration continues to feature prominently. The UK is supporting the Maldives’ target of achieving 33 percent clean energy by 2028 through programmes such as the Ocean Country Partnership Programme, which focuses on marine biodiversity, pollution response and environmental resilience.

Security cooperation has also grown under the Maritime Security Working Group, which covers maritime domain awareness, hydrography, port security and marine pollution response. Joint counterterrorism work includes information sharing and emergency response coordination.

Education remains an important area of engagement, with more than 300 Maldivian students currently studying in the UK. Several national leaders, including the President and cabinet members, are UK-educated.

The opening of the British High Commission in Malé in 2019 expanded avenues for engagement across climate, trade, security and multilateral issues. Both countries reaffirmed their commitment to continuing this cooperation as they mark the 60th anniversary of diplomatic relations.

DhiraaguPay Launches One-Day MVR 1 Coffee Offer at The Coffee Bean & Tea Leaf Maldives

Dhiraagu Fintech has announced a special one-day promotion that will allow DhiraaguPay users to purchase a 12oz beverage for just MVR 1 at The Coffee Bean & Tea Leaf Maldives. The offer will be available throughout Wednesday at the brand’s Hulhumalé Phase 1 café.

The promotion applies to any 12oz handcrafted drink on the menu, including coffees, teas and the café’s signature Ice Blended range. To redeem the deal, customers need to show their Wallet ID and make the payment using the DhiraaguPay app. New users may also join the promotion by downloading the app, registering and completing the purchase through their DhiraaguPay wallet.

The Coffee Bean & Tea Leaf’s Hulhumalé outlet seats up to 33 guests and serves beverages prepared using premium ingredients sourced from international farms. Its drinks are complemented by a menu of pastries, sandwiches and desserts, making it a popular stop along the beachfront.

Dhiraagu Fintech stated that the offer is part of its wider effort to reward customers and encourage the use of secure digital payments in the Maldives. The company noted that it will continue expanding its fintech services to improve convenience for users.

Maldives Records Slight Inflation Drop as Housing and Food Costs Ease

The Maldives recorded a modest decline in monthly inflation in October 2025, with the Consumer Price Index (CPI) falling by 0.17 percent compared with September, according to the latest release from the Maldives Bureau of Statistics. The drop follows a 0.09 percent decrease the previous month, reflecting continued easing in several major expenditure categories. 

Food and beverages were the primary drivers of the month-on-month decline, falling by 0.63 percent. The sharpest price reductions came from fruits such as oranges, apples and watermelons, along with decreases in the prices of carrots, onions, ginger and eggs. While most food prices fell, fish prices moved in the opposite direction, rising by 1.47 percent, supported by increases in the cost of reef fish and tuna. 

Housing, water, electricity, gas and other fuels also contributed to the decline, dropping by 0.40 percent compared with September. The fall was driven mainly by lower electricity unit prices and reduced repair labour costs. This was partially offset by a slight increase in water service charges. 

Other categories showing declines included clothing and footwear, recreation and culture, and education services. Air transport costs fell by 1.37 percent, contributing to the slight drop in overall transport prices. Meanwhile, the recreation category fell by 0.62 percent, largely due to lower prices for pet-related goods and toys. 

Some categories, however, registered increases. Furnishing and household equipment rose by 0.58 percent, driven by higher prices for items such as beds and bedroom sets. Information and communication increased by 0.45 percent due to higher mobile phone prices and mobile service charges. Restaurants and accommodation services edged up by 0.19 percent. Personal care and miscellaneous goods also saw a slight rise. 

Tobacco and areca nut prices continued their steep upward trend, increasing by 0.23 percent for the month and showing an annual rise of 108.73 percent. Year-on-year inflation remained elevated at 3.86 percent for the country overall. Malé recorded a 3.49 percent increase over the year, while the atolls experienced a higher rise at 4.44 percent. 

Regionally, inflation declined more sharply in the atolls than in Malé. Prices in the atolls fell by 0.35 percent month-on-month, mainly due to a decline in electricity unit prices and repair labour costs. Malé recorded a smaller decline of 0.05 percent, driven mainly by lower food prices. 

The CPI excluding fish fell by 0.26 percent nationwide, signalling that much of the month’s inflation movement was shaped by volatility in the fish category. On an annual basis, food and beverages excluding fish rose by 3.12 percent, while fish alone increased by 7.38 percent. 

The October data suggests continued easing in headline inflation, though price pressures remain uneven across categories. With year-on-year inflation still above 3 percent and significant variation between regions, households continue to experience differing levels of cost pressure depending on consumption patterns.

Maldivian Partners with Hahnair to Broaden Global Booking Access

Maldivian has entered into a strategic partnership with Hahnair, expanding the national airline’s visibility and accessibility across global travel markets. The announcement confirms that Maldivian flights are now available in major Global Distribution Systems under the Hahnair Technologies X1 code, enabling travel agents in 190 markets to issue tickets through the standard GDS process using the HR-169 ticket.

According to the press release, the collaboration links Maldivian to a network of more than 350 partner airlines, strengthening its international distribution capabilities and widening access for passengers looking to travel to and within the Maldives. The arrangement is expected to make booking Maldivian flights more seamless for agents worldwide. 

The airline noted that working through Hahnair’s established platform will support its goal of offering convenient connections to one of the world’s most sought-after destinations. Maldivian currently operates a fleet of 26 aircraft, including an A320, an A330-200, Dash 8s, Twin Otters, and ATRs, serving 17 domestic airports along with several regional routes. 

By integrating into Hahnair’s distribution network, Maldivian aims to position itself more competitively in global markets, especially as demand for travel to the Maldives continues to grow.

STELCO Recognises Graduates of Women’s Electrician Training Programme

STELCO has awarded certificates to women who completed its Beginners’ Electrician Course, a programme aimed at equipping participants with practical skills to manage basic electrical issues at home. The ceremony was held yesterday with First Lady Sajidha Mohamed as the Guest of Honour.

According to STELCO, 116 women completed the course across seven batches. At today’s ceremony, 30 graduates received their certificates in person, while 81 participants were formally recognised for completing the programme.

Speaking at the event, the First Lady highlighted the importance of technical training for women, noting that it can strengthen confidence and enhance their contributions in both household and professional settings. She described the course as a meaningful step in ensuring women have access to skills that support day-to-day responsibilities.

The training covered the safe and efficient use of electricity, basic electrical repairs, and energy conservation practices. STELCO stated that the programme is open to girls and women aged 16 and above, with the aim of enabling participants to manage simple electrical tasks independently.

STELCO Managing Director Ahmed Shamah Rasheed and other senior officials were also present at the ceremony. They commended the commitm

Relocation of Malé Commercial Harbour Expected to Take a Decade

Maldives Ports Limited (MPL) has confirmed that the long-planned relocation of Malé’s congested commercial harbour to Thilafushi is likely to take around ten years, reflecting both the scale of the project and the extensive preparatory work required. The update was shared by MPL CEO Mohamed Rishwan during an interview on state media.

The commercial harbour in Malé has operated for nearly four decades, but capacity constraints have become increasingly severe. The harbour was originally built to manage 1,500 containers yet now handles about 3,000, while the Hulhumalé harbour adds a further 2,000 containers. Rishwan noted that these figures illustrate the pressure placed on existing infrastructure and the wider maritime logistics system.

The proposed solution is the development of a 60-hectare commercial port in Thilafushi. Valued at approximately USD 250 million, the project will be carried out in phases over a period of around ten years. Rishwan said the first phase is already advancing, with the 60-metre keywall for empty containers completed. Permits for the next steps are currently being reviewed by the Ministry of Transport and Civil Aviation and the Maldives Customs Service.

A significant element of Phase One is the construction of a relief jetty at Thilafushi. Expected to take two years, this facility is intended to ease pressure on the commercial port, North Harbour, and T-Jetty while further development continues. Plans also include a 100-metre keywall and drawings for an additional 660 metres of local keywalls, along with new warehouses, supporting infrastructure, and expanded staffing.

Rishwan stated that Phase One is targeted for completion by November 2027, with an estimated cost of USD 60 million. A further USD 150 million has been allocated for local harbour relief measures.

While acknowledging the substantial investment required, he described the works as significant changes that will reshape how the country handles maritime logistics. He also indicated that subsequent phases are expected to progress more quickly once the initial groundwork is complete.

STO Introduces Dyson Appliances to the Maldives

State Trading Organisation (STO) has introduced the well-known UK brand Dyson to the Maldivian market.

The launch took place last Thursday at a special event in collaboration with Ana’s Saloon, featuring live demonstrations of Dyson’s hair styling products.

Currently, STO is offering Dyson vacuum cleaners and selected hair care products, including hair dryers and hair straighteners. The company plans to expand the range in the future with air purifiers.

Dyson Limited, a Singaporean–British multinational technology company founded in 1991 by James Dyson in Malmesbury, England, designs and manufactures household appliances such as vacuum cleaners, air purifiers, hand dryers, bladeless fans, heaters, hair dryers and lights. In 2019, the company moved its headquarters from the United Kingdom to Singapore to be closer to its manufacturing and supply-chain hubs and Asian customer base. As of 2022, Dyson employs more than 14,000 people worldwide.

Magey Saafu Raajje Symposium Opens in Gan to Shape Waste Management Strategies

A national symposium aimed at strengthening long-term waste management across the Maldives has opened in Gan, Laamu Atoll. The Magey Saafu Raajje National Symposium 2025, held from 24 to 26 November, is intended to offer a platform for consultations on waste management challenges, sectoral obstacles, and the development of sustainable approaches suited to island communities.

Organised by the Ministry of Tourism and Environment, the forum follows its formal inauguration earlier this year. The Ministry said the gathering is part of broader national efforts to support cleaner islands through shared knowledge and coordinated planning. Participants are expected to discuss ways to improve current systems and identify steps that can lead to more durable, island-appropriate solutions.

In a video message delivered during the opening session, Tourism and Environment Minister Thoriq Ibrahim highlighted the continued need for safe and sustainable waste management to safeguard public health and the environment. He noted that the government has placed increased attention on island waste management since President Dr Mohamed Muizzu assumed office, with multiple projects currently underway. According to the Minister, work to establish waste management facilities is ongoing in 137 islands, supported through contracts awarded to state-owned and private entities. Efforts to provide the equipment required for these operations are progressing in parallel.

Minister Thoriq said the presence of technical specialists and frontline practitioners at the symposium reflects the importance of strengthening the country’s waste management systems. He added that progress depends largely on cooperation among all stakeholders, noting that the symposium would serve as a venue to share insights and discuss practical challenges.

Supported by the World Bank, the three-day event features sessions covering policies, regulations, and the legal framework governing resource and waste management. Participants are being introduced to international models that have proved effective elsewhere, with discussions centred on how such systems might be adapted to the realities of small island nations. Presentations from sector organisations and experts aim to encourage collaboration and improve understanding of what can be implemented locally.

Around 200 participants are attending the symposium, including government officials, specialists, and representatives from groups involved in sustainable development. Delegates from islands across seven atolls are taking part, highlighting the national interest in addressing waste management and resource challenges.

Gov’t Reports Strong Growth in Maldives’ Sea-to-Air Cargo Operations

The Ministry of Transport and Civil Aviation has announced strong results from the government’s sea-to-air cargo service, reporting that the initiative has moved 3,617 tonnes of goods and generated millions of dollars for the economy since its launch in May 2024.

Introduced on 15 May 2024, the service represents a new approach to cargo handling in the Maldives, allowing goods arriving by sea to be transferred directly to outbound flights. The Ministry said the operation was developed to improve logistics efficiency and make better use of the Maldives’ wide-ranging air connectivity, taking inspiration from established international models.

Data published by the Ministry shows steady growth between 15 May 2024 and 7 November 2025. During this period, 17 international airlines connected to the service, enabling cargo to reach around two dozen destinations across the world.

The operation is run jointly by Maldives Airports Company Limited and Maldives Ports Limited, with Turkish Airlines being the first carrier to adopt the service. The Ministry noted that the strong airline presence in the Maldives provides considerable potential for further expansion, positioning the sea-to-air service as a growing contributor to economic activity.

Officials added that the continued adoption of the service by global airlines reflects confidence in the Maldives as a strategic transit point and supports the government’s goal of developing the country into a competitive logistics hub.

Minister Urges Youth to Strengthen Future of Fisheries Sector

At a certificate handover ceremony for the Youth Internship Programme, Minister of Fisheries and Ocean Resources Ahmed Shiyam stated that the long-term strength of the Maldives’ fishing industry depends on more young people entering the sector.

Addressing the participants, the Minister spoke about the value of a fisherman’s work and said that young Maldivians should take a more active role in operating local fishing vessels. He noted that greater youth participation is essential to reduce reliance on foreign workers and ensure that the sector remains a viable source of income for future generations.

The Youth Internship Programme aims to introduce young people to the fishing profession by offering hands-on experience on some of the country’s highest-earning fishing vessels. According to the Ministry, five youths have joined the programme and will spend three months working aboard selected boats. The vessels, chosen based on their earnings over the past year, are set to depart next week.

Minister Shiyam added that participants will gain practical skills while earning an income, and highlighted the government’s plans to create further opportunities for Maldivian youth in the fisheries sector, both locally and overseas.

Maldivian Adds Fifth Weekly Flight to Trivandrum and Cochin

Maldivian is set to strengthen its regional network with the introduction of a fifth weekly flight to Trivandrum and Cochin from Malé, beginning on 19 December 2025. The additional frequency marks a step towards improving travel flexibility for passengers flying between the Maldives and South India.

According to the airline, the new schedule will provide travellers with more options to organise journeys around medical appointments, business commitments, or short leisure trips. With more seats available each week, passengers are expected to benefit from shorter waiting times and easier planning, especially during peak travel periods.

All flights on the two routes will be operated using the Airbus A320. The aircraft offers 152 seats, including 14 in Premium Economy and 138 in Economy, with a flight time of just over an hour. Return fares for Maldivian nationals start at USD 176 for Cochin and USD 232 for Trivandrum.

Maldivian continues to position itself as a full-service carrier on these routes, with Economy passengers receiving a 20kg baggage allowance and complimentary hot meals. Premium Economy passengers receive additional benefits such as priority check-in, increased baggage allowance of up to 30kg, free date changes, and enhanced cabin comfort.

The national airline stated that the added frequency supports its efforts to improve accessibility and provide reliable regional connectivity. With demand for travel between the Maldives and South India remaining steady, the airline aims to offer an experience that balances comfort with affordability.

InfinityPro’s Sustainable Interactive Display Introduced in Maldives

InfinityPro’s new interactive display, which focuses on modularity and long term usability, has been introduced to the Maldives through Oceans End. The product enters the market at a time when organisations are prioritising both digital upgrades and sustainability. 

The X Series Gen 4 display is built with replaceable components, including the camera, Android board, OPS or PC module and power board. This structure allows specific parts to be swapped out instead of replacing the full screen, which helps extend the lifespan of each unit and reduce e-waste. The design also supports lower power consumption and software updates delivered remotely, reducing the need for on site servicing.

InfinityPro notes that the approach is intended to make sustainability achievable in practical, measurable ways. For Maldivian organisations with environmental commitments, the ability to repair and upgrade displays without discarding full hardware sets provides a way to adopt new technology while reducing waste.

According to Oceans End, local organisations seeking solutions that balance performance with environmental responsibility now have access to a display designed specifically with long term use in mind.

For more information call 772-2354 or e-mail to info@oceansend.mv

Ooredoo Fintech Maldives and eeezap Announce New Digital Payment Integration

Ooredoo Fintech Maldives has announced a new partnership with the e-commerce platform eeezap, enabling customers to make digital payments through mFaisaa from 1 December 2025. The collaboration aims to widen payment options for users across the Maldives, strengthening ongoing efforts toward increased digital access and convenience. 

According to the announcement, the integration will allow eeezap customers to complete transactions using mFaisaa’s secure payment system, which has become one of the country’s most widely used platforms for bill payments, merchant transactions, money transfers, and mobile top-ups. With international remittances also being added soon, mFaisaa continues to expand its reach within the local digital ecosystem.

Ooredoo Fintech Maldives noted that the partnership is part of a broader strategy to increase digital payment penetration nationwide. The company highlighted that enabling more platforms to adopt mFaisaa supports its goal of simplifying everyday financial interactions for people across both urban and remote island communities.

eeezap, which offers a growing range of online services, stated that the integration aligns with its focus on providing efficient and accessible solutions for day to day needs. The company described mFaisaa as a secure and convenient addition for users who rely on its platform for routine services.

The collaboration also supports national efforts to encourage digital transactions and reduce reliance on cash. The companies underscored that mFaisaa operates with strict security standards and real time monitoring systems to ensure safe and compliant transactions.

As digital transactions become more common across the Maldives, the partnership between Ooredoo Fintech Maldives and eeezap reflects an industry wide shift toward expanding financial inclusion and improving customer experience through technology.

Utility Upgrades Continue as Fenaka Increases Power Capacity Across the Islands

Fenaka Corporation Limited has expanded its power generation and utility services across dozens of islands over the past two years, with new generators, maintenance work and renewable energy projects forming the core of its recent activities. The company, which provides electricity, water and sewerage services to 157 islands, outlined these developments in a recent interview given by Managing Director Mohamed Najah to state media.

According to Fenaka, 93 generators have been dispatched to islands since the start of the current administration, aimed at easing capacity issues and reducing the frequency of power outages. The bulk of the units were delivered in 2024, while the remaining generators were shipped this year. The corporation also plans to send an additional 48 generators ahead of the upcoming month of Ramadan, when electricity demand traditionally rises.

Alongside supplying new units, Fenaka said it has been carrying out major maintenance on existing equipment, including overhauling 47 generators. The company noted that improving the performance of older systems is an essential part of stabilising power supply in smaller island communities.

Beyond electricity generation, Fenaka has accelerated its work on expanding water and sewerage networks, with 48 islands connected to clean water systems and 28 islands connected to sewerage networks over the past two years. Network upgrades are ongoing in a further 13 islands, reflecting continued efforts to improve basic utility coverage in outlying regions.

Fenaka also highlighted progress in renewable energy deployment. The company is currently overseeing two major renewable energy projects, with installations completed in 12 islands and ongoing in 25 others. The “My Solar” programme, which installs smaller scale solar systems for local power generation, has been rolled out to 187 islands.

The corporation reported that these renewable energy initiatives contributed to fuel savings of USD 311,284 in 2024. While the figure represents early progress, the company said reducing operational costs through solar integration remains a long term target, especially as fuel continues to make up a significant portion of electricity production expenses.

Fenaka’s recent activities reflect a mix of new installations, system upgrades and renewable transitions. As demand grows across populated and remote islands, the company’s operational focus remains on expanding capacity, improving reliability and finding ways to reduce fuel dependence through alternative energy sources.

A Year of Uneven Spending: Exploring the Gap Between Recurrent and Capital Budgets

The latest fiscal figures from the Ministry of Finance show a clear imbalance in government spending this year. As of mid November, total expenditure has reached MVR 34.1 billion, with recurrent spending accounting for the overwhelming majority. Around 86 percent of all spending so far has gone to recurrent items, leaving only 14 percent for capital expenditure. Recurrent spending now stands at roughly 80 percent of its annual allocation, while capital spending remains below 40 percent.

This reflects longstanding structural pressures on the Maldivian budget. The state’s wage bill remains substantial, with salaries, allowances and pensions contributing significantly to recurrent costs. Grants, contributions and subsidies add further weight, including billions spent on Aasandha and other welfare schemes. Interest payments and financing costs continue to grow as well. These are fixed and recurring commitments that the government cannot easily reduce or postpone.

Capital expenditure, however, depends heavily on how quickly projects can progress. Even when large allocations are approved for the Public Sector Investment Programme, spending only occurs once tenders are completed, contracts are awarded and physical work begins. This often leads to slower disbursement, particularly when designs, environmental approvals or contractor mobilisation take longer than expected. By November, less than half of the year’s PSIP allocation had been spent.

A closer look at ministries shows how pronounced these delays can be. The Ministry of Construction, Housing and Infrastructure holds one of the biggest capital budgets, at around MVR 7.9 billion. Yet only about 41 percent of this allocation has been utilised. Housing and related infrastructure projects show some of the slowest progress, with less than 10 percent of the budget spent so far this year. Water and sewerage projects, essential for outer islands, also remain far below expected utilisation.

Several factors likely contribute to this. Large construction projects require land clearance, detailed designs, environmental assessments and contractor capacity, all of which introduce delays. If a tendering process is challenged or cancelled, further months are lost. Projects tied to external loans or credit lines may face additional procedural requirements. Shifts in ministerial portfolios or administrative restructuring can slow decision making as well.

Transport related projects, particularly airports and bridges, appear to be the exception this year. Spending in this category has already reached or exceeded its approved allocation, indicating faster progress compared to social or environmental infrastructure.

The skewed ratio between recurrent and capital spending has broader implications. While recurrent spending ensures the delivery of government services, it does not necessarily contribute to long term economic productivity. Capital investments, when implemented effectively, support growth, improve public services and strengthen the foundations of the economy. Underutilisation of capital budgets means the state bears the cost of borrowing without realising the intended benefits of development.

The relatively modest deficit recorded so far this year is partially a result of low capital spending. If project execution accelerates in the final weeks of the year, the fiscal balance will shift. If not, many projects will roll into the next year, extending timelines and potentially increasing total costs.

For the construction and housing sector in particular, the gap between budgetary ambition and on the ground delivery raises questions about capacity, coordination and project sequencing. Given ongoing public concern about housing shortages and infrastructure gaps, the ministry’s slow utilisation rate will attract heightened scrutiny.

Overall, the latest fiscal update highlights a familiar challenge: the state continues to carry a heavy recurrent load while struggling to translate capital budgets into completed development projects. How this imbalance is addressed in the coming months will shape the country’s economic and infrastructural trajectory.

All International Airlines to Shift to New VIA Terminal by Year End

The government has indicated that all international airlines operating to the Maldives will move to the new terminal at Velana International Airport before the end of the year. Tourism Minister Thoriq Ibrahim, speaking to state media on the administration’s two year mark, said the terminal has been gradually taking on international flights since it became operational in July last year.

Germany’s Condor Airlines became the latest carrier to shift, beginning operations from the new terminal on Thursday. The airline has maintained flights to the Maldives since 1981, marking a long standing connection that now transitions into the upgraded facility.

The new terminal was inaugurated on 26 July 2024, coinciding with the 60th anniversary of Maldives’ independence. Designed to accommodate 7.5 million passengers annually, the project cost is estimated at around MVR 6 billion. While the development began during former President Abdulla Yameen’s administration, most of the construction work progressed under the Maldivian Democratic Party government. The current administration completed and opened a section of the terminal after significant finishing work.

Official figures show that the inauguration ceremony, which included a drone show and a record breaking air show, cost more than MVR 18 million.

The transition of all international airlines to the new terminal is expected to redefine passenger flow at the country’s main gateway, while authorities continue efforts to consolidate operations within the upgraded facility.

New Resort Opportunities Open in Northern Atolls with Incentives for Developers

The Ministry of Tourism and Environment has detailed the requirements and incentives for developing and operating tourist resorts in 13 lagoons located across the three northernmost atolls of the Maldives. The government has stated that expanding tourism in regions with fewer existing resorts remains a central priority, with particular attention on Haa Alifu, Haa Dhaalu and Shaviyani Atolls.

According to the Ministry, 13 lagoons will be dredged to facilitate resort construction in five designated areas within these atolls. All but one lagoon will be developed across 200 hectares, with each resort required to have a minimum capacity of 150 beds. The lagoons will be leased for a period of 50 years, and construction must begin within 35 months of land allocation.

The Ministry added that developers will receive several concessions, including duty relief of up to 15 percent on capital investment related to resort development.

Alongside these projects, the Ministry has renewed its call for contractors interested in developing resorts under the halal tourism model. Five resorts are being offered under this concept. Six islands were initially allocated across five atolls, and one has already been leased. These islands will also be leased for 50 years, with construction required to begin within 36 months from the date of the lease. Land dredging will be undertaken to support the development of these properties.

The government has also introduced incentives for halal tourism investments. Developers may receive concessions such as the ability to divide acquisition fees and development costs over five to six years if the island is leased through open bidding. Duty exemptions of up to 20 percent may also be granted, alongside other benefits.

The Ministry noted that these initiatives are intended to stimulate investment in underdeveloped regions while offering developers improved financial conditions for large scale tourism projects.

Gov’t Backs Commercial Poultry Farming Initiative in Kinolhas

A commercial poultry farming programme is set to begin in Kinolhas, marking a new step in the government’s efforts to strengthen food security across the Maldives. The initiative is being undertaken by the Ministry of Agriculture and Animal Welfare in partnership with the Kinolhas Council of Raa Atoll, following a proposal process in which the island’s council submitted the strongest plan.

According to the Ministry, an agreement has been signed with the Council to carry out the project on the island. Speaking to PSM News, Kinolhas Council President Ahmed Hussain said poultry farming has long been part of the island’s identity, noting that residents have raised chickens for many years. He added that the practice aligns with the island’s development plans, with 20,000 square feet of land already allocated for poultry farming in its land-use plan.

Ahmed Hussain also highlighted the commercial potential of the project. With 18 resorts located in proximity to the island, he said that supplying locally produced eggs could offer clear benefits to nearby hospitality establishments and create new economic opportunities for the community.

The commercial poultry farming programme in Kinolhas is scheduled to commence in December.

Maldives Reaffirms Climate Commitments at EU Indo-Pacific Ministerial Forum

Foreign Minister Dr Abdulla Khaleel highlighted the Maldives’ climate ambitions and vulnerabilities during a roundtable session titled “Common endeavours for a clean and sustainable future,” held on the sidelines of the fourth EU Indo-Pacific Ministerial Forum.

During the session, Dr Khaleel described the Maldives as one of the most climate-vulnerable countries, noting that rising sea levels and extreme weather events continue to threaten communities and national development. He outlined the country’s updated commitments under its third Nationally Determined Contribution, which include reducing greenhouse gas emissions by 1.52 million tonnes by 2035, generating 33 percent of national electricity from renewable sources by 2028, and ensuring climate resilience is fully integrated into long-term development planning.

He also stated that international support for Small Island Developing States is essential, framing such cooperation as both fair and necessary for strengthening global resilience. Dr Khaleel welcomed the European Union’s climate programmes, including initiatives under the European Green Deal and the “Fit for 55” package, describing them as important avenues for enhanced international collaboration.

The roundtable brought together Indo-Pacific and European partners focused on building a sustainable future through shared action and long-term climate cooperation.

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