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...
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,...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
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...
World Bank’s ‘Taxing Times’ Report Warns of Mounting Vulnerabilities Across South Asia
The latest World Bank report, Taxing Times: South Asia Development Update (April 2025), paints a mixed outlook for the Maldives and the...
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...
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...
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...
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”...
LATEST ARTICLES
Corporate Maldives Wraps Up Bizweek with High-Level Engagements and Strategic Networking
Corporate Maldives officially concluded the inaugural edition of Bizweek 2025 this evening following a successful two-day programme that included curated Network Meetings,...
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...
