Income Tax Growth Offsets Tourism Revenue Decline in Q2
Government revenue increased modestly during the second quarter of 2026 despite a broad decline in…
Section
Government
Maldives Completes Repayment of USD 150 Million SBI Facility
The Maldives has completed repayment of a USD 150 million budget support facility arranged through…
Rufiyaa Symbol Gains Standard Code for Digital Use
The Maldivian Rufiyaa now has a dedicated digital code after its official currency symbol was…
Saudi Fund Signals Continued Development Cooperation with Maldives
The Maldives and the Saudi Fund for Development (SFD) are exploring financing opportunities for priority…
Maldives Mandates Direct Bank Deposits for All Expatriate Worker Salaries
Maldives mandates direct bank deposits for expatriate salaries to ensure verifiable records and protect worker…
Maldives Ends Work Visa Conversion for Business Visa Holders
Maldives bars Business and Special Visa holders from converting to Work Visas, targeting employer misuse.
Minister Saeed Claims Dollar Black Market Rate Returns to 2023 Level
Minister Saeed says dollar black market rate returned to 2023 level, but shortages persist.
President Establishes Waqf Investment Company Days After Announcing Two SOE Dissolutions
Muizzu creates waqf investment company days after announcing dissolution of two state-owned enterprises.
State Revenue Reaches MVR 2.42 Billion as Delayed Taxes Lift August Collections
August state revenue rose to MVR 2.42 billion, boosted by delayed taxes and overdue payments.
Central Bank’s Net Foreign Currency Position Narrows in August
MMA's net foreign currency position narrowed in August as related liabilities outpaced asset growth.
PCB Appoints Ahmed Shaheer as MTDC Chairman
PCB appoints Ahmed Shaheer as MTDC Chairman, replacing Abdulla Faiz amid SOE leadership restructuring.
Gov’t Moves to Retake Dhiraagu Majority and Fully Own MWSC
Government moves to secure majority Dhiraagu stake and full ownership of MWSC utility companies.
Gov’t Offers MVR 645.41 Million in Treasury Bills
Government offers MVR 645.41 million in Treasury bills, mostly maturing within six months.
Abdulla Faiz Appointed as Chairperson of MIFCO
Abdulla Faiz, a veteran commercial and tourism executive, appointed Chairperson of state-owned MIFCO.
MIRA Demands Foreign Tourism Booking Data
MIRA orders tourism operators to disclose foreign booking partners to enforce new GST registration rules.
Maldives to Establish Legal Framework for Offshore Resource Exploration
Maldives Cabinet approves legal framework to regulate offshore exploration and extraction of natural resources.
Seven New Laws Reshape Tax, Forex and Transport Rules
Seven ratified laws expand state regulation over forex, taxation, land, transport and fisheries.
New Regulations Expand MMA Oversight of Insurance Sector
MMA issues two new insurance regulations tightening local coverage, licensing, and enforcement oversight standards.
Gov’t Plans High-Tech Engineering Lab for Local and International Research
Muizzu announced a high-tech engineering lab for local and international research, funded without state budget…
Immigration Extends Passport Validity as Booklet Shortage Continues
Maldives Immigration extends passport validity and issues emergency passports amid delayed booklet shipment from Germany.
Parliament Passes 40% Resort Dollar Conversion Rule and Restricts Black Market Rate Publication
Parliament mandates resorts convert 40% of foreign revenue and restricts publishing black market currency rates.
Parliament Approves Changes Enabling State Acquisition of Council Land for Development
Parliament approves Decentralisation Act amendments allowing state acquisition of council land for government development projects.
Parliament Passes New Land Transport Bill to Overhaul Road Safety Standards
Parliament passes Land Transport Bill modernising road safety, licensing, vehicle lifespan, and Greater Male mobility…
My Career Portal: A Roadmap to Career Pathways
National Career Service launches My Career Portal connecting Maldivian job seekers with employers and guidance.