Gov’t Seeks USD 100 Million from Multilateral Agencies as Oil Prices Rise
The government is in discussions with two international multilateral agencies to raise an additional USD…
Section
Government
Maldives to Introduces Green Licence Plates for Electric Vehicles
The government has announced plans to introduce green licence plates for environmentally friendly vehicles as…
Gov’t to Hold Training on Energy Efficient Building Design in Maldives
The Ministry of Tourism and Environment has announced a three-day hands-on training workshop aimed at…
New State Pharmaceutical Company Begins Importing and Distributing Medicines
The State Pharmaceutical and Medical Supply Corporation Limited (SPHMC) has begun importing medicines and distributing…
Parliament Passes Employment Act Amendment to Exempt MSMEs from Expat Quota Fees
Parliament has approved amendments to the Employment Act that allow the government to exempt Micro,…
MIRA Collects MVR 2.8 Billion in February as Revenue Falls Short of Forecast
Tax revenue in the Maldives reached MVR 2.80 billion in February 2026, slightly lower than the…
Zakat Al-Fitr Collections in Maldives Nearly Double Since 2023
Zakat Al-Fitr collections in the Maldives have seen a sharp rise over the past four…
Fenaka Moves to Restart Addu Power Station Project After Earlier Contract Terminated
Efforts to strengthen electricity infrastructure in Addu City are moving forward after Fenaka Corporation contracted…
President Says No Plans to Ban Shisha or Cut Sugar Subsidy, Raising Policy Questions
President Dr Mohamed Muizzu has stated that the government has no plans to ban shisha…
February Data Shows Strong Growth in Central Bank Foreign Currency Positions
A sharp increase in foreign currency assets pushed the balance sheet of the Maldives Monetary…
Gov’t-Backed Taxi Service Set to Begin Limited Operations Before End of Ramadan
Efforts to introduce a government-backed taxi service in the Greater Male’ area are moving forward,…
Delayed Weekly Fiscal Reporting Sees First 2026 Data Published in March
The Ministry of Finance and Planning on 3 March released its first Weekly Fiscal Developments…
Gov’t Rebrands State Firm to Align with Ihavandhippolhu Economic Vision
The government has renamed Greater Malé Financial District Limited as Maldives Economic Gateway Development Limited,…
President Assures Markets of Full Readiness for USD 500 Million Sukuk Repayment
President Dr Mohamed Muizzu has said the Maldives has accumulated sufficient funds to meet its…
Finance Ministry Assures on Reserves as Gulf Conflict Raises Economic Concerns
The Ministry of Finance has sought to reassure markets and the public that the Maldives…
President Establishes Special Cabinet Committee as Middle East Tensions Escalate
The government has established a Special Cabinet Committee to coordinate the national response to ongoing…
Authorities Issue Travel Advisory as Middle East Airspace Closures Disrupt Flights
Flight cancellations linked to ongoing conflicts in the Middle East have prompted Maldivian authorities to…
Food Safety Act to Introduce Tighter Packaging and Recall Standards
The Maldives is moving to implement stricter packaging and labelling requirements under its Food Safety…
President Pledges Expanded Services and Economic Access Through Maldives 2.0
President Dr Mohamed Muizzu has said that the advancement of Maldives 2.0 will expand opportunities…
Fenaka Expansion Lifts Ihavandhoo Water Output to 100 Tonnes Daily
Water production capacity in Ihavandhoo has doubled following the commissioning of an additional reverse osmosis plant, aimed…
Gov’t Outlines Policy on Import Duty and Fee Exemptions for Key Economic Activities
A new policy setting out how exemptions on import duties, royalties and revenue fees will…
Dhidhdhoo Airport Reclamation Completed as Northern Connectivity Plans Advance
Land reclamation for the planned airport in Dhidhdhoo has been completed, marking a significant step in efforts…
President’s Office Reopens Applications for Tourism, Construction and Fisheries Advisory Committees
The President’s Office has reopened applications for membership of three advisory committees tasked with providing…
Fenaka Procures Four New Gensets to Strengthen Electricity Supply in Four Islands
Fenaka Corporation has procured four new generator sets as part of efforts to improve electricity…