Maldives Moves to Block Companies in Debt from Bidding for Government Contracts
Parliament has unanimously approved new measures aimed at recovering outstanding debts owed to the state, including a policy change that would...
Maldives Launches First Overseas Passport and ID Issuance in Malaysia
The Maldives has launched its first overseas passport and identity card issuance service in Malaysia, marking a significant milestone in making...
Customs Seizes Over 13 Million Cigarettes in Smuggling Operation
Maldives Customs Service has seized over 13 million cigarette sticks in a recent smuggling interception at the sea cargo terminal.
Rasmale’ Project Reclaims 101 Hectares as Work Continues
The landmark Rasmale’ Project is advancing steadily, with 101 hectares of land reclaimed so far, according to an update provided by...
Authorities Investigating Over 2,400 Foreign Worker Cases Amid Wider Crackdown
The Labour Relations Authority (LRA) has confirmed it is currently investigating 2,457 cases involving foreign workers, as part of a wider...
Economic Minister Outlines Plans to Remove Industry Barriers
At the opening ceremony of the Build Expo held in Hulhumalé, Minister of Economic Development and Trade Mohamed Saeed announced that...
EOI Open for USD 35M Cargo Handling Facility at Thilafushi
An invitation for Expressions of Interest (EOI) has been announced for the development of a new cargo handling facility on Thilafushi...
Maldives Eyes More Global Franchises Through Local Partnerships
The Minister of Economic Development and Trade, Mohamed Saeed, has stated that the Maldivian government is committed to supporting local businesses...
President Aims to Phase Out Black Market as Maldives Targets Official Dollar Rate by...
The Maldivian government has set a target to eliminate the black market for US dollars and restore access to foreign currency...
Cabinet Reviews Progress of Key Infrastructure Projects in Working Session
The Cabinet convened a working session at the President’s Office on Tuesday to assess the progress of the government’s priority infrastructure...
PCB Updates Appointment Process for Senior Finance and Audit Roles in SOEs
The Privatisation and Corporatisation Board (PCB) has revised the eligibility criteria for Chief Financial Officers (CFOs) and Chief Internal Auditors (CIAs)...
Economic Minister Reports Gains from Bunkering, Dismisses US Tariff Concerns
Minister of Economic Development and Trade, Mohamed Saeed, has said that the Maldives’ newly launched bunkering services are already proving to...
Gov’t Issues New Treasury Bills Amid Soaring Local Debt Exposure
The Government of Maldives has announced a fresh round of treasury bill (T-bill) offerings totalling MVR 1.25 billion, as it continues...
MIRA Reveals 146 Businesses Owe Over MVR 600,000 in Unpaid GST
The Maldives Inland Revenue Authority (MIRA) has published the names of 146 establishments with overdue Goods and Services Tax (GST) of at...
Maldives Expands Aquaculture Zones to Include Lagoons and Offshore Areas
The Maldivian government has amended regulations to allow the lease of lagoons and offshore sea areas, those not under the jurisdiction...
WAMCO to Offer Jobs to People with Disabilities and Impoverished Through New Agreement
The Waste Management Corporation Limited (WAMCO) has entered into an agreement with the Ministry of Social and Family Development to offer...
MIRA Issues Guidance on Input Tax Claims for Capital Expenditure Under GST
The Maldives Inland Revenue Authority (MIRA) has issued a new guide to clarify how registered businesses can claim input tax under...
MACL Kicks Off Staff Awareness Sessions under ‘Green Airport’ Sustainability Drive
Maldives Airports Company Limited (MACL) has begun a series of employee awareness sessions aimed at strengthening sustainability efforts at Velana International...
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...
POLCO Faces New Corruption Allegations Over MVR 350 Million Catering Contract
The Police Cooperative Society (POLCO) is facing renewed scrutiny as fresh allegations emerge over the awarding of a long-term catering contract,...
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...
Gov’t Launches SFD-Financed Housing Development in Hulhumalé
A major new housing development was launched yesterday in Hulhumalé, with support from the Saudi Fund for Development (SFD). The project,...
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...
Importers Now Required to Show Garage Space Before Bringing Four-Wheelers into Maldives
The Ministry of Transport and Civil Aviation has introduced a new requirement for importing four-wheel vehicles into the Maldives, mandating proof...
LATEST ARTICLES
Transition to ‘Tradian’ Trade Platform Delayed Until Further Notice
The Ministry of Economic Development and Trade announced today a delay in the full transition to the “Tradian” platform—the Maldives’ first National...
Maldives Commits to Digital Development and Regional Collaboration at Asia-Pacific ICT Ministerial Meeting
The Maldives has reaffirmed its commitment to digital development and regional collaboration during the Asia-Pacific ICT Ministerial Meeting held in Tokyo from...
President Establishes Greater Malé Financial District Limited to Drive Economic Innovation
President Dr Mohamed Muizzu announced the formation of a new state-owned enterprise, Greater Malé Financial District Limited, under Article 15 of the...
April 2025 Economic Update: Moderate Growth, Evolving Tourism Trends, and Rising Inflation
The Maldives' economic performance in the fourth quarter of 2024 and the first quarter of 2025 reflects a period of moderated growth,...
PCB Announces New Leadership: Ayesha Nur’ain Janah to Head MACL, Ahmed Shaheer to Chair...
The Privatisation and Corporatisation Board (PCB) appointed new chairpersons to the boards of two major state-owned enterprises—Maldives Airports Company Ltd (MACL) and...
