Gov’t Drafting Law to Protect 20-Year Development Plan, President Says
President Muizzu says government drafting law to protect 20-year development plan to 2040.
Section
Government
India’s USD 507 Million Maldives Credit Line Effective Since 27 August
India's USD 507 million Maldives credit line is now effective, enabling future project agreements.
Applications Open for MMA Research Fund Grants
MMA opens Research Fund grant applications for researchers and authors, closing 13 October 2026.
Finance Minister Says Ras Malé Project Could Ease Dollar Shortage
Finance Minister says Ras Malé project could ease dollar shortage, though key financing details remain…
MACL Renews ISAGO Status and Gains Enhanced GSE Recognition
MACL renews ISAGO accreditation and gains IATA Enhanced GSE recognition improving ramp safety standards.
Maldives and China Expand Fisheries Cooperation Through Technical Training
Maldives and China deepen fisheries cooperation through technical training, research and blue economy development.
Eagle Hills, Government Agree Terms for USD 20 Billion Ras Malé Development
Government and Eagle Hills agree terms for USD 20 billion Ras Malé waterfront development.
MIRA Names 33 Parties Owing More Than MVR 1 Million
MIRA publicly names 33 parties owing over MVR 1 million in unpaid taxes.
Maldives Sets 10.95-Tonne Annual Sea Cucumber Export Quota
Maldives limits dried sea cucumber exports to 10.95 tonnes yearly across seven licensed companies.
Gov’t Grants up to a Decade Extension on Single-Use Plastic Phase-Out
Maldives delays major single-use plastic bans by years while immediately banning small beverage bottles.
Income Tax Growth Offsets Tourism Revenue Decline in Q2
Government revenue increased modestly during the second quarter of 2026 despite a broad decline in…
Maldives Completes Repayment of USD 150 Million SBI Facility
The Maldives has completed repayment of a USD 150 million budget support facility arranged through…
Rufiyaa Symbol Gains Standard Code for Digital Use
The Maldivian Rufiyaa now has a dedicated digital code after its official currency symbol was…
Saudi Fund Signals Continued Development Cooperation with Maldives
The Maldives and the Saudi Fund for Development (SFD) are exploring financing opportunities for priority…
Maldives Mandates Direct Bank Deposits for All Expatriate Worker Salaries
Maldives mandates direct bank deposits for expatriate salaries to ensure verifiable records and protect worker…
Maldives Ends Work Visa Conversion for Business Visa Holders
Maldives bars Business and Special Visa holders from converting to Work Visas, targeting employer misuse.
Minister Saeed Claims Dollar Black Market Rate Returns to 2023 Level
Minister Saeed says dollar black market rate returned to 2023 level, but shortages persist.
President Establishes Waqf Investment Company Days After Announcing Two SOE Dissolutions
Muizzu creates waqf investment company days after announcing dissolution of two state-owned enterprises.
State Revenue Reaches MVR 2.42 Billion as Delayed Taxes Lift August Collections
August state revenue rose to MVR 2.42 billion, boosted by delayed taxes and overdue payments.
Central Bank’s Net Foreign Currency Position Narrows in August
MMA's net foreign currency position narrowed in August as related liabilities outpaced asset growth.
PCB Appoints Ahmed Shaheer as MTDC Chairman
PCB appoints Ahmed Shaheer as MTDC Chairman, replacing Abdulla Faiz amid SOE leadership restructuring.
Gov’t Moves to Retake Dhiraagu Majority and Fully Own MWSC
Government moves to secure majority Dhiraagu stake and full ownership of MWSC utility companies.
Gov’t Offers MVR 645.41 Million in Treasury Bills
Government offers MVR 645.41 million in Treasury bills, mostly maturing within six months.
Abdulla Faiz Appointed as Chairperson of MIFCO
Abdulla Faiz, a veteran commercial and tourism executive, appointed Chairperson of state-owned MIFCO.