Fitch Maintains Maldives’ ‘CC’ Rating
Fitch Ratings has reaffirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CC’ as of 12 June 2025, warning that a...
Tourism Revenues Fuel Fiscal Surplus, But Development Spending Falls Short
The Maldivian government has reported a fiscal surplus of MVR 1.1 billion for the year to date as of 5 June 2025,...
Minister Urges Reforms to Boost State Revenue from Maritime Activities in EEZ
Minister of Transport and Civil Aviation Mohamed Ameen has emphasised the need for the state to benefit more directly from maritime activities...
Tourism Prices Surge in Q1 2025 as Maldives’ Resort Sector Leads Growth
The Maldives' tourism industry recorded notable momentum in the first quarter of 2025, with the resort sector leading price growth among all...
Strong Tourism Revenue Drives Fiscal Surplus, But Development Spending Lags Behind
The Maldives’ fiscal position appears stable, with the Ministry of Finance reporting a surplus of MVR 1,223.6 million as of 29 May...
MMA Reaffirms Commitment to Transparent Licensing Amid Unverified Claims
The Maldives Monetary Authority (MMA) has confirmed that it recently issued pre-operational permits to two parties in full compliance with established regulations....
Government Launches Second Phase of “Fashaa Madhadhu Loan” to Empower More Women Entrepreneurs
The Ministry of Social and Family Development has announced the opening of applications for the second phase of the “Fashaa Madhadhu Loan”...
Transition to ‘Tradian’ Trade Platform Delayed Until Further Notice
The Ministry of Economic Development and Trade announced today a delay in the full transition to the “Tradian” platform—the Maldives’ first National...
April 2025 Economic Update: Moderate Growth, Evolving Tourism Trends, and Rising Inflation
The Maldives' economic performance in the fourth quarter of 2024 and the first quarter of 2025 reflects a period of moderated growth,...
Government Receives Only 3.6% of Projected Foreign Grants in First Five Months of 2025
The Ministry of Finance has revealed that the Maldivian government collected just 3.6 percent of its projected foreign grants for 2025 during...
Ministry of Economic Development and UNDP Sign MoU to Boost Maldivian Export Development
The Ministry of Economic Development and Trade (MEDT) signed a Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) yesterday,...
MMA Grants Pre-Operational Approval to Two New Banks to Boost Financial Sector
The Maldives Monetary Authority (MMA) has granted pre-operational approval to two new banking institutions as part of its efforts to strengthen and...
Domestic Prices Decline in April, Led by Drop in Food and Utility Costs
Consumer prices in the Maldives declined for a second consecutive month this year, according to the latest Consumer Price Index (CPI) data...
Green and Departure Tax Revenues Surge in Early 2025
Revenues from the Maldives’ Green Tax and Departure Tax have risen significantly in the first four and a half months of...
Ministry to Develop Northern Logistical Hub Through Kulhudhufushi Harbour Expansion
The Ministry of Economic Development and Trade will develop a logistical hub to serve the islands of Haa Alif, Haa Dhaalu, and...
Construction Sector Shrinks for Fourth Straight Quarter as Costs Rise and Orders Lag
The construction sector in the Maldives continued its decline for a fourth consecutive quarter in Q1 2025, according to the latest...
Subsidies Down 21% in 2025 Amid Fiscal Surplus
Government expenditure on subsidies saw a significant decline in 2025, with spending falling to MVR 1.09 billion as of 8 May,...
Recurrent Costs Rise While Capital Spending Falls Behind
The Maldives recorded a surplus of MVR 1.95 billion in the latest fiscal update, but a closer look reveals a widening...
Moody’s Flags Lingering Debt and Liquidity Risks in Latest Review of Maldives’ Credit Rating
Moody’s Ratings has completed its periodic review of the Maldives’ credit rating, maintaining its Caa2 long-term issuer rating with a negative...
Quarterly Business Survey Signals Slowing Momentum Across Key Sectors
The latest Quarterly Business Survey from the Maldives Monetary Authority (MMA) reveals a mixed picture of economic activity during the first...
World Bank Flags USD 1B Debt Risk for Maldives in 2025
The Maldives will face an external debt servicing requirement of USD 1 billion this year, according to the World Bank’s Maldives Development...
Green Tax Haul Doubles in April After Rate Hike
Green Tax revenues for April 2025 more than doubled compared to the same period last year, according to the latest figures...
Is the Maldives’ Fiscal Surplus a Sign of Discipline or Delay?
The Ministry of Finance reported a primary surplus of MVR 3.2 billion for the first four months of 2025, a figure...
USD 214 Million Converted Through Banks Since January, Says President
President Dr Mohamed Muizzu has reported that USD 214 million has been exchanged through local banks since the enforcement of the...
LATEST ARTICLES
Ministry Issues Warning on Biometric Data Compliance for Migrant Workers
The Ministry of Homeland Security and Technology has issued a warning to employers and migrant workers, stating that strict measures will be...
Gasim Raises Concerns Over Shift to MVR Payments for Employees in Tourism Sector
Jumhoori Party leader Gasim Ibrahim has raised concern over the decisions by some tourism operators to pay service charge and salaries in...
Tourism Ministry Represents Maldives at China–Sri Lanka–Maldives Forum
The Maldives has taken part in the tri-nation ‘China-Sri Lanka-Maldives Tourism Forum’, aimed at promoting tourism and fostering greater collaboration among industry...
Dhiraagu Supports Nation’s Largest Education Event as Digital Partner
Dhiraagu has been announced as the Digital Partner for Education Expo 2025, the largest education-focused event ever hosted in the Maldives. The...
Network Meetings Begin as Corporate Maldives Bizweek Enters Second Day
Corporate Maldives Bizweek 2025 officially entered its second day today with the launch of curated Network Meetings at the Meerumaa Conference Facility...
