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,...
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...
Maldives to Launch National Cyber Security Operation Centre by Year-End
The Maldives is preparing to establish a National Cyber Security Operation Centre before the end of the year, as part of...
Bodufinolhu Now Part of L. Gan Following Presidential Decree
President Dr. Mohamed Muizzu has officially designated Bodufinolhu, an island in Laamu Atoll, under the jurisdiction of L. Gan. The change was enacted through amendments...
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...
Maldives Begins Technical Review of First Transparency Report on Climate Action
On Sunday, the Ministry of Climate Change, Environment and Energy, together with the United Nations Framework Convention on Climate Change (UNFCCC)...
Tobacco Use to Be Banned for Those Born On or After 1 Jan 2007
The Maldivian government has decided to implement a generational ban on tobacco, restricting the sale, purchase, and use of tobacco products...
Gov’t Eyes Fast-Paced Rollout of 550 Development Projects
President Dr Mohamed Muizzu has announced that physical work on more than 550 development projects—including both new and previously stalled initiatives—will...
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...
Gov’t Sets Minimum Investment Targets for Major Development Projects
The Maldivian government has announced minimum investment requirements for several major development projects as part of its economic policy aimed at...
Policy U-turn: Maldives Restores Dual Insurance Coverage
In a surprising policy U-turn, the Maldives government has reversed its earlier decision to phase out the dual health insurance system, reigniting...
Anticipating Higher Demand, STELCO Expands Energy Capacity for Ramadan
With Ramadan approaching, the State Electric Company Limited (STELCO) has announced measures to manage the anticipated rise in electricity consumption in the...
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...
Government Raises MVR 2.87 Billion Through Latest T-Bill Issuance
The Ministry of Finance and Planning has announced the successful sale of MVR 2.87 billion in Treasury Bills (T-Bills) under Series...
Parliament to Probe MFMC Over Stalled Addu Hankede Development
Central Hithadhoo MP Ahmed Azaan has submitted a request to the Speaker of Parliament to summon officials from the Maldives Fund...
Maldives Ups Minimum Spend on Sovereignty Projects to USD 100 Million
President Dr Mohamed Muizzu has amended Presidential Decree No. 2025/6, significantly increasing the minimum investment threshold for strategic development projects deemed...
The Cost of Undermining Judicial Independence: Economic and Investment Risks
The recent proposal by the ruling People's National Congress (PNC) to reduce the number of Supreme Court justices from seven to five...
Gov’t Moves Towards Sustainable Transport with Electric Taxis Initiative
The Ministry of Transport and Civil Aviation, in collaboration with the Ministry of Tourism and Environment, has signed an agreement to introduce...
Report Highlights Data Gaps and Need for Enhanced Data Utilization to Strengthen Policymaking
The United Nations’ latest Annual Results Report for the Maldives has raised serious concerns over the country's limited availability of disaggregated...
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...
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...
President Muizzu Visits Liverpool to Kick Off Tourism Campaign with Liverpool FC
President Dr Mohamed Muizzu has departed for Liverpool, United Kingdom, to inaugurate a high-profile tourism promotion campaign in partnership with Liverpool...
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...
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...
LATEST ARTICLES
U.S. Embassy in Maldives Reportedly Among Dozens Targeted for Closure in Leaked State Department...
The U.S. Embassy in Maldives, opened less than two years ago, has reportedly been listed among ten embassies recommended for closure,...
Visit Maldives Shifts Focus from ITB Berlin, Highlights ATM Dubai in New Strategy
Visit Maldives is placing increased emphasis on the Arabian Travel Market (ATM) in Dubai for 2025, reflecting a broader shift in...
Maldives Engages Turkish Business Community to Strengthen Economic Cooperation
Senior officials from the Maldives held discussions with leading members of Türkiye’s business community in Istanbul, aiming to strengthen economic ties...
Steady Progress Continues at Bayfancy Residence as Second-Floor Slab Casting is Completed
The construction of Bayfancy Residence is progressing steadily, with the project team completing the slab casting of the second floor and finalising...
Dhiraagu Malé Open Swimming Competition Returns on 24 May 2025
More than 350 swimmers are set to dive into the waters off Rasfannu, Malé, as the Dhiraagu Malé Open Swimming Competition...
