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...
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...
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...
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...
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...
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...
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 Survey Shows Retail Sector Facing Higher Costs and Potential Price Rises
The Maldives’ wholesale and retail trade sector had a mixed performance between April and June 2025, according to the Maldives Monetary Authority’s...
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...
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...
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...
July Economic Update Reveals Divergence Between Recurrent Spending and Reserve Growth
The latest Economic Update by the Maldives Monetary Authority (MMA) shows signs of persistent pressure on public finances, as debt levels remain...
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,...
Liquidity Spike and Dollar Outflows Prompt Central Bank Intervention
The Maldives Monetary Authority (MMA) has announced a series of monetary tightening measures aimed at reducing excess liquidity in the domestic economy,...
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%...
Market Rebounds on Maldives Sukuk Amid Stronger Liquidity, But Risks Persist
The price of the Maldives’ sovereign Sukuk has risen sharply, from approximately USD 64.7 in early April 2025 to USD 87.5 on...
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 Calls for Radical Transparency to Prevent Debt Crises in Developing Countries
A new World Bank report warns that opaque debt practices are endangering the financial stability of many developing countries and calls for...
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...
Real GDP Growth Improves, but MMA Forecasts Trimmed for 2025
Maldives’ real economy showed signs of modest acceleration in the first quarter of 2025, with gross domestic product (GDP) expanding by 2.5...
Tax Revenue Rises Despite Decline in Business and Import Duties
The Maldives recorded MVR 15.35 billion in tax revenue by 10 July 2025, showing continued recovery and strength in key revenue streams...
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...
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...
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...
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...
