Maldives Reports MVR 1.46 Billion Surplus in Latest Fiscal Update
The Maldives government reported a surplus of MVR 1,459.1 million as of 6th March 2025, according to the latest Weekly Fiscal Developments...
MIRA Collected MVR 63 Million in Employee Withholding Tax: Here’s Where It Came From
The Maldives Inland Revenue Authority (MIRA) has released its Quarterly Employee Withholding Tax (EWT) report for the fourth quarter of 2024 (24Q4), shedding light...
MMA Reports Increase in Foreign Currency Assets in February 2025
The Maldives Monetary Authority (MMA) has released its financial position for February 2025, highlighting notable growth, particularly driven by an increase in...
Tourism Boost Supports Maldives Economy Despite Challenges in Q4 2024
The Maldivian economy experienced mixed outcomes during the fourth quarter of 2024, marked by robust growth in the tourism sector despite a...
Maldives Q4 2024 PPI: Tourism and Construction Surge, Utilities Decline
The Maldives Bureau of Statistics has released the Producer Price Index (PPI) for the fourth quarter of 2024, revealing varied trends across...
Construction Sector Growth Driven by Real Estate Projects in Q4 2024
The Maldives’ construction sector maintained steady growth in the final quarter of 2024, supported by rising bank credit and sustained real estate...
Financial Sector Maintains Healthy Growth as Maldives Banks and Insurers Post Robust Results
The financial sector of the Maldives displayed continued strength and stability in the fourth quarter of 2024, according to the latest Quarterly...
Budget Surplus Hides Growing Debt Strain and Investment Cuts
The Maldives’ latest fiscal report shows an encouraging trend in government finances, with revenue exceeding expenditure, resulting in a budget surplus...
President Hails Rise in Dollar Remittances, Says USD 150M Sent to Banks Since January
President Dr Mohamed Muizzu has revealed that USD 150 million has been remitted to local banks since January under the new...
Foreign Currency Assets Drop as MMA’s Financial Position Slips Slightly in March
The Maldives Monetary Authority (MMA) has reported a marginal decline in its total assets in March 2025 compared to the previous...
Liquidity Improves Domestically, but External Pressures Persist
The latest economic update by the Maldives Monetary Authority (MMA) for March 2025 points to mixed developments in the country’s monetary...
Q4 Data Shows Maldives Economy Grew 3% Year-on-Year, Driven by Tourism
The Maldivian economy grew by 3.0 percent in the final quarter of 2024 compared to the same period in 2023, according...
Delayed Infrastructure Projects Lead to MVR 1.18B Budget Surplus
The Government of Maldives recorded a fiscal surplus of MVR 1.18 billion by 20 March 2025, driven primarily by strong revenue...
Inflation Rises by 0.33% in January as Food Prices Climb
The Maldives’ Consumer Price Index (CPI) saw a modest increase of 0.33% in January 2025 compared to December 2024, reflecting fluctuations in food, accommodation,...
Tourism Continues to Power Fiscal Gains
The latest Weekly Fiscal Developments report by the Ministry of Finance reveals a strong fiscal position for the Maldives, with a...
February Revenue Up by 5.4% Year-on-Year Driven by Lease Extension Fees and Income Tax
Revenue collections for the Maldives have shown positive growth in February 2025, reaching a total of MVR 2.47 billion. This represents a...
CPI Rises 0.27% in February as Utilities and Telecoms See Price Hikes
The Maldives’ Consumer Price Index (CPI) rose by 0.27% in February 2025 compared to the previous month, showing a slight easing...
March Revenue Hits MVR 3.38 Billion with Strong Tax Collections
The Maldives Inland Revenue Authority (MIRA) reported a total revenue collection of MVR 3.38 billion for March 2025, marking a 15.1%...
LATEST ARTICLES
WAMCO to Offer Jobs to People with Disabilities and Impoverished Through New Agreement
The Waste Management Corporation Limited (WAMCO) has entered into an agreement with the Ministry of Social and Family Development to offer...
MIRA Issues Guidance on Input Tax Claims for Capital Expenditure Under GST
The Maldives Inland Revenue Authority (MIRA) has issued a new guide to clarify how registered businesses can claim input tax under...
Dhiraagu Offers Customers Chance to Win Smart Home Kits Until End of April
Dhiraagu has rolled out a limited-time promotion giving customers the chance to win a complete Smart Home Kit every other day,...
President Says Fishing Sector Projects to Conclude Within Two Years
President Dr Mohamed Muizzu has said that ongoing projects to support the Maldivian fishing community will be completed within the next...
What Does a Healthy Economy Look Like for the Maldives?
In the Maldives, discussions around economic health frequently hinge on metrics such as GDP growth, tourist arrivals, and foreign investment flows....
