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...
North Harbour Development Aims to Improve Access and Relocate Cargo Services
Maldives Ports Limited (MPL) has commenced efforts to upgrade the North Harbour in Malé, aiming to ease congestion and provide more accessible...
Uninhabited Islands Allocated to Councils for Economic Development
President Dr Mohamed Muizzu has approved the allocation of uninhabited islands to all local councils that submitted requests, marking a significant step...
New Coral Garden Project Aims to Revive Hulhumalé’s Urban Reef
Housing Development Corporation (HDC) has launched a coral restoration effort in the Channel Park of Hulhumalé Phase I, in partnership with the...
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,...
Major Study Recommends Slashing Vehicles in Greater Malé to Ease Congestion and Pollution
A comprehensive study by the Islamic University of Maldives (IUM) has recommended a significant reduction in the number of vehicles in...
STO Aims to End Medicine Shortages with New Supply Efforts
The State Trading Organisation (STO) has completed the sourcing of essential medicines, with distribution to islands now underway. The company announced on...
New Terminal Nears Completion at Hanimaadhoo International Airport
The new passenger terminal at Hanimaadhoo International Airport is slated for completion by July, according to Regional Airports Company Limited (RACL) Managing...
President Establishes New State-Owned Infrastructure Development Company
President Dr Mohamed Muizzu officially established a new state-owned enterprise, Infrastructure Development Solution Company Limited, under Article 15 of the Companies Act...
MMA Opens Applications for 2025 Tamweel Islamic Finance Scholarships
The Maldives Monetary Authority (MMA) has opened applications for its 2025 Tamweel Islamic Finance Scholarship, offering a range of fully and partially...
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...
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...
MMA Increases Dollar Allocation to Banks to Improve SME Access
The Maldives Monetary Authority (MMA) has announced a 10 percent increase in the amount of US dollars allocated to local banks for...
Electricity Relief Carried Into April, STELCO Confirms
State Electric Company Limited (STELCO) has clarified that electricity bills issued for April 2025 closely resembled those of March in many...
Dhiraagu Hosts First-Ever Fuvahmulah Run, Drawing Over 1,100 Participants
Dhiraagu Fuvahmulah Run 2025 concluded on Friday in Fuvahmulah City, marking the first time the Dhiraagu Maldives Road Race (DMRR), has...
Talks Held with JIRCAS to Introduce High-Nutrition Crops in Maldives
Maldives has entered discussions with the Japan International Research Center for Agricultural Sciences (JIRCAS) to explore avenues for strengthening the island nation’s...
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...
President Redraws Jurisdiction to Enable Tourism Development on Kadevaareha
President Dr Mohamed Muizzu has issued a decree separating Kadevaareha Island from the jurisdiction of Gaafu Dhaalu Hoadhedhdhoo, paving the way...
FDI Should Translate Into Jobs and Business for Youth, Minister Highlights
Foreign Direct Investment (FDI) in the Maldives should contribute directly to job creation and economic opportunities for young people, according to the...
UAE-Backed MIFC Project Breaks Ground in Maldives
The Maldives officially broke ground on the Maldives International Financial Centre (MIFC), a USD 8.8 billion project aimed at reshaping the...
Majority of Maldives’ 2024 Loans Directed to VIA Project as Debt Soars
The Maldivian government secured nine loans totalling USD 334 million (MVR 5.2 billion) in 2024, according to statistics released by the Ministry...
President’s Digital Vision Faces Hurdles as Public Trust Wanes
President Dr Mohamed Muizzu’s ambition to fully digitalise the Maldives’ healthcare and education sectors has ignited debate over whether the country is...
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...
MMA Raises Dollar Sale Requirement from Banks to 90%
The Maldives Monetary Authority (MMA) has instructed banks to increase the proportion of US dollars they must sell to the central...
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...
