Recurrent Costs Rise While Capital Spending Falls Behind
The Maldives recorded a surplus of MVR 1.95 billion in the latest fiscal update, but a closer look reveals a widening...
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...
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 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...
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...
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,...
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...
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...
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...
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,...
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...
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...
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...
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”...
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...
March Revenue Hits MVR 3.38 Billion with Strong Tax Collections
The Maldives Inland Revenue Authority (MIRA) reported a total revenue collection of MVR 3.38 billion for March 2025, marking a 15.1%...
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...
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...
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...
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...
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...
VP Urges All Maldivians to Contribute to Economic Transformation
Vice President Hussain Mohamed Latheef has called on all Maldivians to actively contribute to rebuilding a strong, resilient national economy. He made...
February Revenue Up by 5.4% Year-on-Year Driven by Lease Extension Fees and Income Tax
Revenue collections for the Maldives have shown positive growth in February 2025, reaching a total of MVR 2.47 billion. This represents a...
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...
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...
