Rising Material and Energy Costs Weigh on Construction Outlook
Construction businesses reported weaker activity during the first quarter of 2026, with declining orders, tighter…
Section
Economy
MIRA Collects MVR 2.05 Billion in May Revenue, Falls Slightly Short of Target
The Maldives Inland Revenue Authority (MIRA) collected MVR 2.05 billion in revenue during May 2026,…
Fitch Upgrades Maldives Rating to ‘CCC-’ Following Sukuk Repayment
Fitch Ratings has upgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC-’ from…
MIRA Reports MVR 543 Million Recovered Through Enforcement Measures
The Maldives Inland Revenue Authority (MIRA) has reported that it recovered MVR 543 million last…
Fiscal Surplus Narrows as Spending Outpaces Revenue Growth
The Maldives recorded a fiscal surplus of MVR 118.2 million as of 14 May 2026,…
Essential Commodity Prices in Malé Rise 4.4 Percent Over the Past Year
Essential commodity prices in Malé continued to rise in April, with the latest data from…
MMA Figures Reveal Scale of State Foreign Currency Drain After Sukuk Repayment
The Maldives’ April balance sheet offers a rare look at how quickly sovereign foreign currency…
Maldives Records MVR 1 Billion Surplus Despite Higher Spending
The government recorded a fiscal surplus of MVR 1.04 billion by the end of April,…
Maldives Economy Expanded 6.3 Percent in 2025, MMA Says
The Maldivian economy entered 2026 with stronger headline indicators, but the Maldives Monetary Authority’s Annual…
Fiscal Surplus Persists as Revenue Growth Outpaces Spending in Early 2026
Government finances remained in surplus through mid-April, supported by strong tax collections, though underlying spending…
IMF Warns Middle East Conflict Threatens Global Growth Outlook
Rising geopolitical tensions linked to the Middle East conflict are beginning to weigh on the…
Fiscal Surplus Holds as Capital Spending Lags in Maldives
The Ministry of Finance and Planning’s latest Weekly Fiscal Developments report shows that the Maldives…
Maldives Faces Slowing Growth as External Pressures Mount, ADB Warns
The Maldives’ recent economic rebound is expected to lose momentum as external shocks and structural…
February Inflation Edges Higher Despite Flat Annual Growth: Statistics Maldives
Inflation in the Maldives picked up in February, according to the Maldives Bureau of Statistics,…
Housing Developments Linked to BML Seen Contributing to Economic Expansion
An expansion of housing development projects linked to Bank of Maldives is expected to contribute…
The Limits of Scale in a Small Island Economy
The Maldives has built one of the region’s highest per capita income economies through tourism,…
Maldives Nears Key Debt Test with USD 500 Million Sukuk Due
A USD 500 million Sukuk repayment due in early April is placing renewed focus on…
Money Supply in Maldives Expands as Deposits and Bank Lending Rise
Growth in the Maldives’ money supply accelerated at the start of 2026, reflecting rising bank…
Essential Commodity Prices in Male’ Rise 1.54% in February
Prices of essential commodities in Male’ rose in February, driven largely by increases in food…
Central Bank Expands Dollar Sales to Ease Import Pressures
The Maldives Monetary Authority has expanded the amount of foreign currency sold to commercial banks,…
Tobacco, Food Push Maldives’ 2025 Inflation Above 4%
Inflation in the Maldives accelerated in 2025, with the Consumer Price Index for all groups…
Food and Household Prices in Malé Edge Up Slightly in January
Prices of essential goods in Malé edged up slightly in January 2026, but the overall…
MVR 2.4bn Finance Ministry Bond Will Not Harm Pension Fund, Pension Office Says
The Maldives’ Pension Office said the Ministry of Finance and Planning’s proposed MVR 2.4 billion…
Imports Surge While Exports Rise on Re-Exports, MMA Data Shows
Maldives’ external trade position in late 2025 was shaped by a sharp rise in imports…