Ministry to Develop Northern Logistical Hub Through Kulhudhufushi Harbour Expansion
The Ministry of Economic Development and Trade will develop a logistical hub to serve the…
Section
Economy
Construction Sector Shrinks for Fourth Straight Quarter as Costs Rise and Orders Lag
The construction sector in the Maldives continued its decline for a fourth consecutive quarter in…
Subsidies Down 21% in 2025 Amid Fiscal Surplus
Government expenditure on subsidies saw a significant decline in 2025, with spending falling to MVR…
Recurrent Costs Rise While Capital Spending Falls Behind
The Maldives recorded a surplus of MVR 1.95 billion in the latest fiscal update, but…
Moody’s Flags Lingering Debt and Liquidity Risks in Latest Review of Maldives’ Credit Rating
Moody’s Ratings has completed its periodic review of the Maldives’ credit rating, maintaining its Caa2…
Quarterly Business Survey Signals Slowing Momentum Across Key Sectors
The latest Quarterly Business Survey from the Maldives Monetary Authority (MMA) reveals a mixed picture…
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,…
Green Tax Haul Doubles in April After Rate Hike
Green Tax revenues for April 2025 more than doubled compared to the same period last…
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…
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…
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…
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…
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 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…
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…
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…
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…
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…
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,…
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,…
Tourism Continues to Power Fiscal Gains
The latest Weekly Fiscal Developments report by the Ministry of Finance reveals a strong fiscal…
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…
Liquidity Improves Domestically, but External Pressures Persist
The latest economic update by the Maldives Monetary Authority (MMA) for March 2025 points to…
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…