Maldives’ Development Bank CEO Steps Down Amid Ongoing Setup
Noel Gregor Paterson-Jones, Managing Director and CEO of the Development Bank of Maldives (DBM), has resigned from his position. The Privatisation...
Policy U-turn: Maldives Restores Dual Insurance Coverage
In a surprising policy U-turn, the Maldives government has reversed its earlier decision to phase out the dual health insurance system, reigniting...
Gov’t Sets Minimum Investment Targets for Major Development Projects
The Maldivian government has announced minimum investment requirements for several major development projects as part of its economic policy aimed at...
President Announces Major Infrastructure and Tourism Projects in New Decree
President Mohamed Muizzu has issued Presidential Decree No. 6/2025, introducing amendments to a previous decree that outlines projects eligible for cross-subsidy investment...
Tourism Minister Says New Law Will Address Delayed Resort Reopenings
Minister of Tourism and Environment Thoriq Ibrahim has stated that recent amendments to the Tourism Act will help address delays in reopening...
Ex-Immigration Chief Arrested Over Alleged Abuse of Power
Former Maldives Immigration Controller Mohamed Shamaan Waheed was arrested on Friday evening following allegations of abuse of power and financial misconduct. The...
Maldives Revises Tourism Act with New Development and Lease Rules
President Dr Mohamed Muizzu has ratified the 15th amendment to the Maldives Tourism Act, introducing significant changes to the legal framework governing...
President Tours New VIA Terminal as Opening Nears
President Dr Mohamed Muizzu visited the new passenger terminal at Velana International Airport (VIA) as construction nears completion. Accompanied by Cabinet Ministers,...
One Year On: Maldivian’s Air Ambulance Service Supports 931 Patients
Maldivian, the national airline of the Maldives, has marked the first anniversary of its Air Ambulance service. The milestone was commemorated with...
HDC Audit Uncovers Irregularities in Binveriya Housing Scheme, Refers Cases to Police
The Housing Development Corporation (HDC) has referred cases related to the Binveriya housing scheme to the police following an internal audit that...
Maldives Introduces ReefSeed to Revive Coral Ecosystems
The Maldives has introduced a new coral restoration initiative called ReefSeed, designed to combat reef degradation and promote the recovery of vital...
Ahmed Imad Resigns as Deputy Governor of MMA Following Policy Disagreements
Ahmed Imad has resigned from his position as Deputy Governor of the Maldives Monetary Authority (MMA), citing recent decisions that he believes...
CFC Offers Loans for Agribusiness Ventures: Deadline Set for April 2025
The Common Fund for Commodities (CFC) has announced financial support for small to medium-sized agribusiness projects. The initiative aims to provide loans...
Maldives’ Aviation History Revived with ‘Dornier Wreck’ Dive Site
An old Dornier 228 aircraft that once belonged to Air Maldives has been submerged near Kudagiri Picnic Island to create a new...
STO Aims to End Medicine Shortages with New Supply Efforts
The State Trading Organisation (STO) has completed the sourcing of essential medicines, with distribution to islands now underway. The company announced on...
SDFC Managing Director Dismissed After One Year in Role
The Managing Director of the SME Development Finance Corporation (SDFC), Aishath Fifsheen Ali, has been dismissed from her position. The Privatisation and...
PCB Leadership Changes as Mohamed Anas Takes Over
President Dr Mohamed Muizzu has appointed Mohamed Anas as the new President of the Privatisation and Corporatisation Board (PCB).
Maldives International Financial Services Authority Placed Under Finance Ministry
President Dr Mohamed Muizzu has designated the Maldives International Financial Services Authority (MIFSA) as an institution operating under the Ministry of Finance...
Pension Office Board Welcomes Two New Private Sector Representatives
Two individuals have been appointed as board members representing the private sector at the Maldives Pension Administration Office (MPAO).
President Declares Extended Government Holiday for Eid al-Fitr
President Dr Mohamed Muizzu has announced that the week in which Eid al-Fitr falls will be observed as a government holiday this...
Finance Ministry Cites Legal Hurdles in Delaying MITDC Closure
The government's plan to dissolve the Maldives Integrated Tourism Development Corporation (MITDC) has been delayed due to unresolved legal issues linked to...
Parliament Endorses Three Non-Resident Ambassador Nominations
Parliament has approved President Dr Mohamed Muizzu’s nominations for non-resident ambassadors to the Philippines, Spain, and New Zealand.
The...
AgroNat to Resume Operations with Focus on Food Security
The government has announced that AgroNat Company, a state-owned enterprise established to support the agriculture sector, will resume operations with a revised...
Proposed Amendment to Tourism Act Seeks to Establish New Tourism Trust Fund
The government is looking to establish and regulate a Tourism Trust Fund under the Tourism Act instead of the Finance Act. The...
LATEST ARTICLES
Maldives’ Construction Waste Disposal System Set for Completion by July
The Maldives' long-awaited construction waste disposal system is expected to be completed by July this year, according to Minister of Tourism...
Voting Opens for Hotelier Maldives Awards 2025
Public voting has commenced for the Hotelier Maldives Awards 2025, presented by Bestbuy Maldives (BBM), giving the public a chance to...
UK-Maldives Event Showcases Renewable Energy Opportunities and Climate Collaboration
The British High Commission in Malé, in partnership with UNDP and Villa College, recently hosted GREAT Conversations on Climate Change Mitigation &...
Digital Finance Quietly Expands Across the Maldives with Mobile Banking and Fintech Growth
The Maldives is witnessing a financial transformation as mobile banking, digital wallets, and fintech startups reshape the country’s financial landscape. With...
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...
