Gov’t Signals Targeted Austerity Approach Amid Middle East Tensions
The government is preparing to introduce austerity measures designed to limit disruption to the public,…
Section
Government
Maldives Moves to Map Its Agricultural Sector Through First Nationwide Data Collection
A new effort to systematically document the country’s agricultural landscape signals a shift towards more…
Gov’t Seeks MVR 1.1 Billion Through Treasury Bill Issuance
The government is moving to raise over MVR 1.1 billion from the domestic market through…
Customs and Correctional Service Salaries Aligned Under National Pay Framework
Employees of the Maldives Customs Service and Maldives Correctional Service have begun receiving revised salaries…
Six-Storey Market Complex Planned for Malé Under MVR 126.36 Million Project
The government has awarded a contract worth MVR 126.36 million to develop a new market…
President Ratifies Labour Law Changes Including Childcare Leave and MSME Quota Fee Exemptions
President Dr Mohamed Muizzu has ratified the ninth amendment to the Employment Act, introducing changes…
Gov’t Moves to Expand Food Storage and Diversify Imports Amid Global Supply Risks
The government is implementing a strategy to expand national food storage capacity and diversify import…
Gov’t Seeks USD 100 Million from Multilateral Agencies as Oil Prices Rise
The government is in discussions with two international multilateral agencies to raise an additional USD…
Maldives to Introduces Green Licence Plates for Electric Vehicles
The government has announced plans to introduce green licence plates for environmentally friendly vehicles as…
Gov’t to Hold Training on Energy Efficient Building Design in Maldives
The Ministry of Tourism and Environment has announced a three-day hands-on training workshop aimed at…
New State Pharmaceutical Company Begins Importing and Distributing Medicines
The State Pharmaceutical and Medical Supply Corporation Limited (SPHMC) has begun importing medicines and distributing…
Parliament Passes Employment Act Amendment to Exempt MSMEs from Expat Quota Fees
Parliament has approved amendments to the Employment Act that allow the government to exempt Micro,…
MIRA Collects MVR 2.8 Billion in February as Revenue Falls Short of Forecast
Tax revenue in the Maldives reached MVR 2.80 billion in February 2026, slightly lower than the…
Zakat Al-Fitr Collections in Maldives Nearly Double Since 2023
Zakat Al-Fitr collections in the Maldives have seen a sharp rise over the past four…
Fenaka Moves to Restart Addu Power Station Project After Earlier Contract Terminated
Efforts to strengthen electricity infrastructure in Addu City are moving forward after Fenaka Corporation contracted…
President Says No Plans to Ban Shisha or Cut Sugar Subsidy, Raising Policy Questions
President Dr Mohamed Muizzu has stated that the government has no plans to ban shisha…
February Data Shows Strong Growth in Central Bank Foreign Currency Positions
A sharp increase in foreign currency assets pushed the balance sheet of the Maldives Monetary…
Gov’t-Backed Taxi Service Set to Begin Limited Operations Before End of Ramadan
Efforts to introduce a government-backed taxi service in the Greater Male’ area are moving forward,…
Delayed Weekly Fiscal Reporting Sees First 2026 Data Published in March
The Ministry of Finance and Planning on 3 March released its first Weekly Fiscal Developments…
Gov’t Rebrands State Firm to Align with Ihavandhippolhu Economic Vision
The government has renamed Greater Malé Financial District Limited as Maldives Economic Gateway Development Limited,…
President Assures Markets of Full Readiness for USD 500 Million Sukuk Repayment
President Dr Mohamed Muizzu has said the Maldives has accumulated sufficient funds to meet its…
Finance Ministry Assures on Reserves as Gulf Conflict Raises Economic Concerns
The Ministry of Finance has sought to reassure markets and the public that the Maldives…
President Establishes Special Cabinet Committee as Middle East Tensions Escalate
The government has established a Special Cabinet Committee to coordinate the national response to ongoing…
Authorities Issue Travel Advisory as Middle East Airspace Closures Disrupt Flights
Flight cancellations linked to ongoing conflicts in the Middle East have prompted Maldivian authorities to…