STO Partners with India’s HLL Lifecare to Address Medicine Shortages in Maldives
The State Trading Organisation (STO) has signed an agreement with HLL Lifecare Ltd, a government-owned company in India, to improve the...
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...
President Urges Citizens to Embrace Hiyaavehi Scheme for Housing Solutions
President Dr Mohamed Muizzu has called on all Maldivians to take full advantage of the Hiyaavehi financing scheme, describing it as a...
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...
MIRA’s 2025 Tax Help Programme Targets Individuals Earning Under MVR 10M
The Maldives Inland Revenue Authority (MIRA) has officially launched its Income Tax Assistance Programme 2025, offering targeted support to taxpayers required...
Maldives Signs Agreement to Install Battery Storage Systems on 18 Islands
The Maldivian government has signed a landmark agreement to deploy 38 megawatt-hours (MWh) of battery energy storage systems (BESS) alongside energy...
Gov’t Agencies Explore Ways to Enhance Agricultural Business Opportunities
The Ministry of Agriculture and Animal Welfare, together with the Maldives Industrial Development Free Zone Company (MIDFZ) and Agronet, has conducted discussions...
Maldives Ends 2024 With MVR 1.61 Billion Green Fund Balance Despite High December Spending
The latest Green Fund Report published by the Ministry of Finance and Planning shows that the Maldives Green Fund collected MVR 109.46 million in December 2024,...
Saudi Fund Extends Additional USD 17 Million Loan for VIA Terminal Project
The Government of Maldives has secured an additional USD 17 million (MVR 262 million) in financing from the Saudi Fund for...
Maldivian Coast Guard Intercepts Foreign Fishing Boats in EEZ
The Maldives National Defence Force (MNDF) Coast Guard has detained two Sri Lankan fishing vessels for allegedly operating illegally within the Maldives’...
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...
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...
April Revenue Hits MVR 2.6 Billion, Led by GST and Green Tax
Government revenue collection for April 2025 reached MVR 2.60 billion, reflecting a notable 22.7 percent increase compared to April 2024, driven...
Police Investigate Illegal Work Permit Scheme Involving Immigration Officials
The Maldives Police Service has uncovered a suspected illegal recruitment and money laundering operation involving a Bangladeshi national and several local...
PCB Dismisses Mohamed Waheed from Housing Development Corporation
Mohamed Waheed has been removed from the board of directors of the Housing Development Corporation (HDC), according to an announcement by...
Cabinet Approves Sale of Government Stake in SDFC to Bank of Maldives
The Government has approved the sale of its stake in the SME Development Finance Corporation (SDFC) to the Bank of Maldives (BML),...
STELCO to Offer Minimum 10% Discount on Electricity Bills During Ramadan
STELCO has announced that all households will receive a discount of at least 10% on their electricity bills during the month of...
Parliament Reviews Trademark Bill Proposing Fines Up to MVR 2 Million for Infringement
A government-backed bill proposing fines ranging from MVR 1 million to MVR 2 million for trademark infringement has been submitted to the...
Parliament Moves Forward with Proposal to Limit Judges’ Financial Interests
Parliament has accepted a government-backed proposal to amend the Judges Act, seeking to prohibit judges from engaging in business while in office....
President Floats Generational Tobacco Ban, Urges Traders to Exit the Industry
A generational ban on tobacco use is among new measures under consideration by the government, as President Dr Mohamed Muizzu outlines...
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...
Minister Khaleel Holds High-Level Talks with Global Counterparts in Türkiye
Minister of Foreign Affairs Dr Abdulla Khaleel is currently in Türkiye for the fourth edition of the Antalya Diplomacy Forum (ADF),...
MIRA Clarifies Tax Obligations on Directors’ Account Balances
The Maldives Inland Revenue Authority (MIRA) has issued detailed guidance on how directors' financial transactions with their companies should be treated...
Gov’t Urges Employers to Complete Biometric Registration for Foreign Workers by End of April
The Ministry of Homeland Security and Technology has called on all employers in the Maldives to ensure that biometric registration for...
LATEST ARTICLES
Bilateral Talks Highlight Indian Ocean Security and Fisheries Innovation
Fisheries and Ocean Resources Minister Ahmed Shiyam has reaffirmed the Maldives’ strong partnership with Sri Lanka in the areas of regional fisheries...
HDC’s Mauroof Jameel Steps Down Six Months into Role
Mohamed Mauroof Jameel has resigned from his post as Managing Director of the Housing Development Corporation (HDC), just six months after taking...
Male’ City Council to Publish Full Details of Land Leases in Transparency Push
Male’ City Mayor Adam Azim has announced that the council will publicly disclose the full details of all land plots leased in...
Commitment to Stronger Regional Cooperation as Foreign Minister Meets Sri Lanka President
Minister of Foreign Affairs Dr Abdulla Khaleel met with the President of Sri Lanka, Anura Kumara Dissanayaka, during a courtesy call held...
Dhiraagu Marks Independence Day with Street Exhibitions Across Maldives
Dhiraagu marked the 60th anniversary of Maldivian independence with a series of street exhibitions held across several islands, bringing communities together in...
