Maldives Launches USD 8.8 Billion Financial Centre to Reshape National Economy
The Maldives government has signed a landmark joint venture agreement with MBS Global Investments to establish the Maldives International Financial Centre...
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...
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...
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...
Millions in Unpaid Rent for Hulhumalé Social Housing, Says HDC
The Housing Development Corporation (HDC) has disclosed that millions of Maldivian Rufiyaa remain unpaid by tenants occupying social housing units in Hulhumalé,...
HDC’s Mauroof Jameel Steps Down Six Months into Role
Mohamed Mauroof Jameel has resigned from his post as Managing Director of the Housing Development Corporation (HDC), just six months after taking...
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...
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...
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)...
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...
Government Launches New Hulhumalé Masterplan And Website
President Dr Mohamed Muizzu today unveiled the revised master plan for Hulhumalé, 24 years after the original plan was introduced. During a...
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...
Gov’t Targets Year-End Completion for Minimum Wage Revision
The national minimum wage is expected to be reviewed and finalised by the end of this year, following delays in the revision...
Maldives Collects MVR 2.18 Billion in May, Beating Forecasts
Maldives Inland Revenue Authority (MIRA) reported a total revenue collection of MVR 2.18 billion in May 2025, marking a 30.5 percent increase...
Ministry Issues Warning on Biometric Data Compliance for Migrant Workers
The Ministry of Homeland Security and Technology has issued a warning to employers and migrant workers, stating that strict measures will be...
Operation Kurangi Collects Data on Over 25,000 Migrant Workers
The Ministry of Homeland Security and Technology has revealed the collection of biometric data on 1,455 migrant workers during a programme conducted...
VIA Terminal Water Connection Complete Ahead of 26 July Launch
Velana International Airport (VIA) has taken a significant step forward in preparations for the opening of its new international terminal, with the...
Development Bank Denies Former CEO’s Claims of Unpaid Salary
The former CEO and Managing Director of the Maldives Development Bank, Noel Gregor Paterson-Jones, filed a complaint with the Employment Tribunal...
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...
On World Population Day, President Urges Youth-Centred Policy Shift
On the occasion of World Population Day, President Dr Mohamed Muizzu delivered a clear message: the Maldives must invest more in its...
WHO Backs Maldives’ Historic Move to Phase Out Tobacco Use
The World Health Organisation (WHO) has endorsed the Maldives’ new generational tobacco ban, calling it a “bold and crucial” step in...
New Regulation in Maldives Mandates Propeller Guards for Excursion Vessels
The Maldivian government has announced a new regulation requiring excursion vessels to install propeller guards, aiming to enhance the conservation of whale...
Maldives Government Opens Subscription for MVR 1.39 Billion in Treasury Bills
The Ministry of Finance has issued an invitation to subscribe to MVR-denominated Treasury Bills (T-Bills), offering a total of MVR 1.39 billion...
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,...
LATEST ARTICLES
Ooredoo Delivers Q2 Profit, Marks 20 Years of Innovation
Ooredoo Maldives closed the second quarter of 2025 with a net profit of MVR 167.9 million, maintaining its profit margin at 31.1...
Maldives Maintains Budget Surplus as Development Spending Stagnates
The Maldives recorded a budget surplus of MVR 1.05 billion as of 17 July 2025, according to the Ministry of Finance’s latest Weekly...
Minister Thoriq, US Ambassador Discuss Clean Energy Investments in Maldives
The Government of the Maldives and the United States have reaffirmed their commitment to environmental collaboration, following high-level talks between Minister of...
dusitD2 Feydhoo Maldives Opens Following Strategic Acquisition Through AWG Consulting
A new chapter has begun in Maldivian tourism with the official opening of dusitD2 Feydhoo Maldives, a resort developed on an island...
Ooredoo Maldives Celebrates 20 Years with Special Offers and Grand Prizes
Ooredoo Maldives has launched a series of promotional offers to mark its 20th anniversary, thanking customers for their loyalty over the past...
