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...
Maldives Reimposes Restrictions on Bangladeshi Worker Recruitment
The government has reintroduced stricter regulations on recruiting Bangladeshi workers after initially easing restrictions in December 2023. The decision comes amid concerns...
Gov’t Clears USD 100 Million Loan Amid Rising Debt Concerns
The Ministry of Finance and Planning has confirmed the repayment of a USD 100 million loan taken from Cargill Financial Services International,...
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...
New Finance Rules Permit Government Projects Without Competitive Bidding
The government has changed public finance regulations, allowing the procurement of goods and services without a competitive bidding process for the next...
Gov’t Plans MVR 15 Billion Land Sale to Central Bank Amid Rising Debt Concerns
The Maldivian government is reportedly preparing to raise MVR 15 billion by selling a large plot of land in Hulhumale’ to the Maldives Monetary Authority...
New Foreign Currency Regulation Sets Reporting & Compliance Standards
The Maldives Monetary Authority (MMA) has introduced the General Regulation on Foreign Currency, which came into effect on 28 February 2025. Enacted under...
New Regulation in Maldives Mandates Propeller Guards for Excursion Vessels
The Maldivian government has announced a new regulation requiring excursion vessels to install propeller guards, aiming to enhance the conservation of whale...
Maldives’ First Solar Ferry Set to Arrive in April
The Maldives’ first environmentally friendly solar-powered ferry, currently in its final stages of construction, is expected to arrive in the country by...
Registrar of Companies Mariyam Visam Resigns After a Decade in Office
The Registrar of Companies, Mariyam Visam, has stepped down from her position at the Ministry of Economic Development. Her resignation is effective...
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...
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...
Ahmed Zayan Resigns from MMA Board as Government Faces Economic Criticism
Ahmed Zayan Mohamed, the Ministry of Finance's representative on the Maldives Monetary Authority (MMA) board, has tendered his resignation, with his notice...
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...
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...
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...
Immigration Reports Rise in Expatriates with Valid Visas at Malé Local Market
Maldives Immigration has reported an increase in the number of expatriates working at Malé City’s local market with valid visas, following a...
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,...
Gov’t Seeks MVR 2.23 Billion in Treasury Bills
The Ministry of Finance has announced the latest treasury bill issuance, inviting investors to subscribe to MVR 2.23 billion in government securities. The issuance,...
Majority of Maldives’ 2024 Loans Directed to VIA Project as Debt Soars
The Maldivian government secured nine loans totalling USD 334 million (MVR 5.2 billion) in 2024, according to statistics released by the Ministry...
Operation Kurangi Collects Data on Over 25,000 Migrant Workers
The Ministry of Homeland Security and Technology has revealed the collection of biometric data on 1,455 migrant workers during a programme conducted...
Gov’t Introduces Additional Centres for Foreign Worker Biometric Updates
The Ministry of Homeland Security and Technology has announced the establishment of additional service points aimed at assisting foreign workers in updating...
Mariyam Shamma Ismail Appointed as New Registrar of Companies
The government has appointed Uza. Mariyam Shamma Ismail as the new Registrar of Companies, following the resignation of her predecessor, Mariyam Visam,...
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...
LATEST ARTICLES
Maldives Engages Turkish Business Community to Strengthen Economic Cooperation
Senior officials from the Maldives held discussions with leading members of Türkiye’s business community in Istanbul, aiming to strengthen economic ties...
Steady Progress Continues at Bayfancy Residence as Second-Floor Slab Casting is Completed
The construction of Bayfancy Residence is progressing steadily, with the project team completing the slab casting of the second floor and finalising...
Dhiraagu Malé Open Swimming Competition Returns on 24 May 2025
More than 350 swimmers are set to dive into the waters off Rasfannu, Malé, as the Dhiraagu Malé Open Swimming Competition...
ADK Hospital to Commence MVR 120 Million Bond Issuance, Initial Tranche Set at MVR...
ADK Hospitals Private Limited is poised to open subscription for their MVR 120 million bond issuance, with the first tranche of MVR...
President Ratifies Israeli Passport Ban, But Drops Clause on Dual Nationals
President Dr Mohamed Muizzu has ratified an amendment to the Maldives Immigration Act, enforcing a ban on the entry of Israeli...
