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...
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...
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...
Fitch Maintains Maldives’ ‘CC’ Rating
Fitch Ratings has reaffirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘CC’ as of 12 June 2025, warning that a...
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...
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...
Maldives Records 4.7 percent Annual GDP Rise as February Output Dips
The Maldives Bureau of Statistics released its Monthly Indicators of Economic Growth for February 2025, revealing that real GDP reached MVR 9,542 million...
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...
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...
Gov’t Surplus Masks Deeper Woes in Infrastructure Rollout
The Maldivian government recorded a fiscal surplus of MVR 2.2 billion as of 17 April 2025, buoyed by higher-than-expected revenue collections....
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,...
Maldives’ Capital Expenditure Declines 63% Year-on-Year
Capital expenditure by the Maldivian government has sharply decreased as of 10 July 2025, highlighting a significant slowdown in major infrastructure investments...
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...
Green and Departure Tax Revenues Surge in Early 2025
Revenues from the Maldives’ Green Tax and Departure Tax have risen significantly in the first four and a half months of...
Subsidies Down 21% in 2025 Amid Fiscal Surplus
Government expenditure on subsidies saw a significant decline in 2025, with spending falling to MVR 1.09 billion as of 8 May,...
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...
Maldives Sees Monthly Price Drop in March; Food Costs Continue to Rise
Consumer prices in the Maldives fell by 0.69 percent in March 2025 compared to February 2025, according to the latest Consumer...
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...
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...
Personal Loans Surge as Private Sector Credit Growth Slows
The Maldives Monetary Authority’s (MMA) Economic Update for June 2025 paints a mixed picture of the country’s monetary environment, with broad money...
Tourism Sector Contracts Sharply in Q2, But Signs Point to Gradual Recovery Ahead
The Maldives’ tourism sector experienced a significant slowdown in the second quarter of 2025, with business activity contracting across almost all key...
SOE Dividends Triple in a Year, But Real Value Remains Unclear
State-Owned Enterprises (SOEs) in the Maldives have significantly increased their dividend contributions to the state, with figures for 2025 so far...
Government Receives Only 3.6% of Projected Foreign Grants in First Five Months of 2025
The Ministry of Finance has revealed that the Maldivian government collected just 3.6 percent of its projected foreign grants for 2025 during...
Quarterly Business Survey Signals Slowing Momentum Across Key Sectors
The latest Quarterly Business Survey from the Maldives Monetary Authority (MMA) reveals a mixed picture of economic activity during the first...
LATEST ARTICLES
Corporate Maldives to Launch Job Fair as Flagship Addition to Bizweek 2026
We are excited to announce that we will be hosting our first-ever Job Fair in 2026, which will stand as a flagship...
VIA’s Terminal 1 Expands with Arrival of Luxury Carrier beOnd
Velana International Airport’s Terminal 1 has reached another milestone in its phased operations as beOnd commenced services from the new facility. The...
President Muizzu Hails India as Maldives’ Trusted Partner on Independence Day
President Dr Mohamed Muizzu has extended greetings to India on the occasion of its Independence Day, highlighting the close bond between the...
Dhiraagu Signs as Main Partner for ITF Maldives Junior Open 2025
Dhiraagu has signed on as the Main Partner for the ITF Maldives Junior Open 2025 – J30, marking the first International Tennis...
President Ratifies 16th Amendment to Decentralisation Act Amidst Council Opposition
President Dr Mohamed Muizzu has ratified the 16th Amendment to the Decentralisation Act, bringing into force a series of reforms that redefine...
