February 2025 Economic Update: An Overview of Growth, Inflation, and Public Debt
The Maldivian economy recorded a 6.5% real GDP growth in the third quarter of 2024, marking an acceleration from the 4.1% growth observed in the second...
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...
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,...
MMA Report: Resort Tourism Dips Even as Tourist Arrivals Surge in May
Tourist arrivals to the Maldives rose by 13 percent in May 2025 compared to the same period last year, according to the...
Maldives Bets Big on VIA, Will It Be Enough?
The World Bank has projected a slight improvement in the Maldives' medium-term economic outlook, driven by expectations surrounding the upcoming completion...
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...
Restaurant and Hotel Prices Surge Nearly 30 Percent Year-on-Year in Maldives
Prices in the restaurant and accommodation sector have risen by nearly 30 per cent over the past year, according to the...
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...
MMA Annual Report 2024: Economy Grew 5.1%, Driven by Tourism and Services
The Maldives Monetary Authority (MMA) has released its Annual Report for 2024, offering a comprehensive snapshot of the country’s economic performance...
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”...
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...
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...
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...
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...
2024 Report: Treasury Bills Drive Surge in Domestic Debt Holdings
The Maldives Monetary Authority’s (MMA) Annual Report for 2024 paints a concerning picture of the country’s fiscal landscape, with public debt...
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...
World Bank: Maldives’ Growth Resilient, But Debt and Deficit Risks Loom Large
The World Bank has published the latest Maldives Development Update (MDU), providing a thorough snapshot of the country's economic landscape as of April...
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...
Market Rebounds on Maldives Sukuk Amid Stronger Liquidity, But Risks Persist
The price of the Maldives’ sovereign Sukuk has risen sharply, from approximately USD 64.7 in early April 2025 to USD 87.5 on...
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...
Liquidity Spike and Dollar Outflows Prompt Central Bank Intervention
The Maldives Monetary Authority (MMA) has announced a series of monetary tightening measures aimed at reducing excess liquidity in the domestic economy,...
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...
LATEST ARTICLES
How Parliament Has Lost Its Voice: No Debate, Only Deals
Parliament is supposed to be the nation’s forum for ideas and debate. At its best, it is the space where competing visions...
Maldives-China FTA: Online Certificate of Origin Process Begins for Exporters
Maldives Customs Service has announced that exporters can now apply online for the Certificate of Origin required for goods exported to China...
VIA’s New International Terminal Welcomes First Foreign Airline
Velana International Airport’s (VIA) new international passenger terminal welcomed its first foreign carrier on Tuesday, marking the start of phased operations for...
US Embassy Announces Initiative to Launch American Chamber of Commerce in the Maldives
Plans to establish an American Chamber of Commerce (AmCham) in the Maldives were announced during the United States Embassy’s Independence Day reception...
Maamaduvvaree Handover, Land Reclamation, and Airport Upgrade Announced in Baa Atoll
President Dr Mohamed Muizzu’s tour of Baa Atoll’s inhabited islands has seen a series of announcements and agreements focused on infrastructure, public...
