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...
President’s Office Confirms Government Closure for Ramadan’s Final Days
The President's Office has announced that government offices will be closed for the last ten days of Ramadan, starting from Thursday, 20...
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,...
WAMCO Awarded Contract for Waste Management Projects in 32 Islands
The Waste Management Corporation (WAMCO) has been awarded a contract to construct waste management facilities and buildings in 32 islands across the...
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,...
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...
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...
Discussions Held on Traffic Flow Ahead of New VIA Terminal Opening
Authorities have held discussions to address potential changes to traffic flow around Velana International Airport (VIA) in preparation for the upcoming opening...
Investment Opportunities Opened for Gan Island Development in Gaafu Dhaalu Atoll
Gadhdhoo Council has announced exciting investment opportunities on the uninhabited island of Gan, located in Gaafu Dhaalu Atoll. Both Maldivian and international...
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...
Food Safety Act Significantly Reduces Food-Related Issues in Maldives, MFDA Reports
The Maldives Food and Drugs Authority (MFDA) has reported a significant decline in food safety issues following the implementation of the Food...
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...
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 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,...
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...
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...
New Animal Protection Bill Proposes Fines Up to MVR 1 Million
The government has submitted the Animal Care and Protection Bill to Parliament, proposing a legal framework for the care, husbandry, and trade...
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 MIRA Ruling Establishes Procedures for Reassessing Tax Amounts
The Maldives Inland Revenue Authority (MIRA) has issued a new tax ruling outlining the procedures for redetermining previously assessed tax amounts in...
Consultancy Sought for Addu City’s 14km Bridge Link Project
The Maldives government has initiated plans for a major infrastructure project to connect Hithadhoo and Hulhumeedhoo in Addu City, aiming to enhance...
LATEST ARTICLES
Can Cricket Heal the Maldives’ India Tourism Crisis?
The Maldives’ tourism industry has been thriving with record visitor numbers, yet one notable weak spot has emerged: tourist arrivals from...
Blackstone Eyes TMA in Deal Valued Under USD 500M, Deutsche Bank Seeks Financing Partners
Deutsche Bank is in discussions with lenders and private credit funds to arrange a USD 200 million loan to support Blackstone's...
Nikita Sharma to Speak at Sun Siyam Olhuveli Maldives on Cultivating a Positive Mindset
Sun Siyam Olhuveli Maldives is set to host a motivational session for its staff featuring Indian influencer and speaker Nikita Sharma...
CPI Rises 0.27% in February as Utilities and Telecoms See Price Hikes
The Maldives’ Consumer Price Index (CPI) rose by 0.27% in February 2025 compared to the previous month, showing a slight easing...
Gov’t Seeks Contractors for Council Buildings Across Six Atolls
The government is moving ahead with plans to construct council secretariat buildings on islands across six atolls, with Minister of Cities,...
