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...
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...
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 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,...
Global Economic Outlook Highlights Risk Factors for Small Island States
The latest Global Economic Prospects (GEP) report by the World Bank, published in June 2025, presents a cautious outlook for the global...
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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...
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...
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....
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...
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 Records Budget Surplus but Investment Lags Behind in Q1 2025
The Ministry of Finance's latest Weekly Fiscal Developments report, published on 30 April 2025, reveals that the Maldives is in a fiscal surplus...
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...
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...
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...
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,...
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...
