February Tourism Figures Ease Slightly Despite Strong Start to 2025
In February, tourist arrivals in the Maldives experienced a modest decline compared to the same month last year, although the broader picture...
Farhath Shaheer Appointed CEO of MIFCO Following Sudden Dismissal of Predecessor
Farhath Shaheer has been appointed as the Chief Executive Officer and Managing Director of Maldives Industrial Fisheries Company Limited (MIFCO), following the...
Maldives Boosts Travel Links at Berlin’s ITB 2025
The Maldives is making a strong push at the ITB Berlin Fair 2025, with Minister of Tourism and Environment Thoriq Ibrahim leading...
February 2025 Economic Update: An Overview of Growth, Inflation, and Public Debt
The Maldivian economy recorded a 6.5% real GDP growth in the third quarter of 2024, marking an acceleration from the 4.1% growth observed in the second...
Maldives Reimposes Restrictions on Bangladeshi Worker Recruitment
The government has reintroduced stricter regulations on recruiting Bangladeshi workers after initially easing restrictions in December 2023. The decision comes amid concerns...
Gov’t Seeks MVR 2.23 Billion in Treasury Bills
The Ministry of Finance has announced the latest treasury bill issuance, inviting investors to subscribe to MVR 2.23 billion in government securities. The issuance,...
Immigration Reports Rise in Expatriates with Valid Visas at Malé Local Market
Maldives Immigration has reported an increase in the number of expatriates working at Malé City’s local market with valid visas, following a...
India Discusses Collaboration with Maldives on Fisheries Development
India is engaged in discussions with the Maldives government to assist in promoting the island nation’s fisheries sector, according to Indian High...
Registrar of Companies Mariyam Visam Resigns After a Decade in Office
The Registrar of Companies, Mariyam Visam, has stepped down from her position at the Ministry of Economic Development. Her resignation is effective...
Maldives’ January Imports at MVR 5.2 Billion, Exports Reach MVR 144 Million
The Maldives recorded imports worth MVR 5.2 billion in January 2025, with fuel accounting for MVR 728 million of the total, according...
Maldives Q4 2024 PPI: Tourism and Construction Surge, Utilities Decline
The Maldives Bureau of Statistics has released the Producer Price Index (PPI) for the fourth quarter of 2024, revealing varied trends across...
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...
Parliament Approves Non-Resident Ambassadors to Russia and Morocco
The Parliament has unanimously approved President Dr Mohamed Muizzu’s nominations for non-resident ambassadors to Russia and Morocco. The appointments were confirmed in...
Tobacco Imports Subject to Duty Under China-Maldives FTA, Confirms Minister
Economic Minister Mohamed Saeed has confirmed that tobacco products and cigarettes will not be exempt from import duties under the Free Trade...
First Foreign CEO of MIFCO Removed From Position
Dr Vitaliy Lyubimov has been removed from his role as the Managing Director and Chief Executive Officer (CEO) of the state-owned Maldives...
Ooredoo Maldives and Qatar Charity Complete Renovation of Hulhumalé Grand Mosque
Ooredoo Maldives, in partnership with Qatar Charity, has completed renovations on Masjid Al Sheikh Qasim bin Al-Thani (Hulhumalé Grand Mosque), installing a modern air conditioning...
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...
New MIRA Ruling Establishes Procedures for Reassessing Tax Amounts
The Maldives Inland Revenue Authority (MIRA) has issued a new tax ruling outlining the procedures for redetermining previously assessed tax amounts in...
Consultancy Sought for Addu City’s 14km Bridge Link Project
The Maldives government has initiated plans for a major infrastructure project to connect Hithadhoo and Hulhumeedhoo in Addu City, aiming to enhance...
Maldivian Begins A330 Flights to Cochin and Trivandrum
The national airline, Maldivian, has commenced operations to Cochin and Trivandrum in India using its first wide-body aircraft, the Airbus A330. The...
Electricity Demand in Male’ Falls Below Average During First Day of Ramadan
Electricity consumption in Male’ during peak hours on the first day of Ramadan was recorded at 78 megawatts, significantly lower than the...
Visit Maldives Prepares for an Unforgettable Summer with Game-Changing Campaigns
In an exclusive interview with Corporate Maldives, the Chairperson of Visit Maldives, Abdulla Ghiyas, revealed exciting plans that are set to redefine...
Health Ministry Clarifies Food Advertising Rules Amid Business Concerns
The Ministry of Health has clarified the requirements for advertising food and beverage products following concerns from small businesses and individual service...
STO Opens Applications for Public Shareholders’ Board Representative
State Trading Organization (STO) has opened applications for the position of public shareholders’ representative on its Board of Directors, a role that...
LATEST ARTICLES
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...
Dhiraagu Launches ‘Reload and Win’ Campaign with Prizes Up to MVR 60,000
Dhiraagu has unveiled a new promotion for its prepaid customers, offering them the chance to win weekly cash prizes and generous...
Gov’t Issues New Treasury Bills Amid Soaring Local Debt Exposure
The Government of Maldives has announced a fresh round of treasury bill (T-bill) offerings totalling MVR 1.25 billion, as it continues...
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...
Workshop Brings Together Key Stakeholders to Map Future of Maldives Tourism
The Maldives Marketing and Public Relations Corporation (MMPRC) hosted its inaugural Tourism Industry Insights Workshop on 20 April 2024, bringing together...
