FNFC Acquires Investment Fund Licence for Real Estate and Hospitality Fund
The First National Finance Corporation (FNFC) has secured an investment fund licence from the Capital Market Development Authority (CMDA), the regulatory body...
Creative Economy Fund Now Open for Applications
The Business Centre Corporation (BCC) has announced that applications are now open for the Creative Economy Fund, a government initiative designed to...
Maldives Sees 93% Revenue Surge as Resorts Extend Leases to 99 Years
The Maldives recorded a substantial increase in revenue collection for September 2024, totalling MVR 2.3 billion, representing a 93.1% rise compared to...
Housing Ministry to Engage Public in Development of 20-Year National Development Plan
The Minister of Housing, Land, and Urban Development, Dr Ali Haidar Ahmed, has announced that teams from the housing ministry will soon...
President Muizzu Highlights India-Maldives Cooperation for Digital and Sustainable Growth at Business Forum
President Dr Mohamed Muizzu emphasised the importance of collaboration between India and the Maldives in advancing digitalisation and sustainability during his address...
Maldives Showcased at TTG Travel Experience 2024 in Italy
The Maldives is being prominently represented at the TTG Travel Experience 2024 in Rimini, Italy, by the Maldives Marketing and Public Relations...
Ooredoo Marks Customer Service Day with CEO Leading Digital Care Efforts
Ooredoo Maldives celebrated Customer Service Day on 8th October by launching a unique initiative titled ‘Top Floor to Shop Floor’, which saw...
PADI and Chinese Celebrity Victor Ma Collaborate on Marine Conservation Film in the Maldives
Chinese actor and singer Victor Ma has teamed up with the Professional Association of Diving Instructors (PADI) to produce a short film...
How Gender Data Can Drive Policy Changes in the Maldives: Key Findings and Recommendations
The Maldives has made significant progress in promoting gender equality over the past decade, enshrining equal rights in the 2008 Constitution, passing...
MPL to Reduce Free Storage Period at Malé Commercial Port to Ease Congestion
The Maldives Ports Limited (MPL) is set to reduce the free storage period for containers at the Malé commercial port, a move...
Maldives Wins Indian Ocean’s Best Spa Destination 2024 at World Spa Awards
The Maldives has been recognised as the Indian Ocean's Best Spa Destination at the 10th Annual World Spa Awards, solidifying its position...
Central Bank Set to License Development Bank of Maldives This Week
The Maldives Monetary Authority (MMA) is expected to issue an operating license to the Development Bank of Maldives (DBM) within the week,...
President Muizzu Invites Bollywood to the Maldives for Film Tourism at Mumbai Event
During a key event held as part of his state visit to India, President Dr. Mohamed Muizzu emphasised the strong bond between...
Japan and UNDP Launch AgriBoat to Boost Agricultural Productivity in the Maldives
The Government of Japan, in partnership with the United Nations Development Programme (UNDP) Maldives, has launched an AgriBoat aimed at enhancing agricultural...
Maldives Hosts Strategic Trade Forum with U.S. Embassy and International Experts
The U.S. Embassy in Malé, in partnership with the Maldives Customs Service, brought together government agencies and international experts from 7th to...
Maldives Could See a USD 120 Million Boost in Tax Revenue with New Dollar-Based...
The Maldives could see an additional USD 120 million (MVR 1.8 billion) added to its tax revenue if companies earning in foreign...
Maldives’ Official Reserves Decline by USD 72 Million in September
The Maldives’ official reserves saw a notable decline in September, falling by USD 72 million compared to the previous month, according to...
The State of Government Debt: Examining Central Bank’s Investment in T-Bills and Treasury Bonds
The Maldives Monetary Authority (MMA), as the central bank of the Maldives, plays a crucial role in maintaining the country's financial stability....
President Muizzu Invites Indian Businesses to Invest in Transformative Maldivian Projects
President Dr Mohamed Muizzu extended a formal invitation to Indian businesses to explore investment opportunities in the Maldives, outlining a bold economic...
Maldives and India Forge Comprehensive Economic and Maritime Security Partnership
In a landmark joint press conference held at Hyderabad House in New Delhi, President Dr. Mohamed Muizzu and Indian Prime Minister Narendra...
RuPay Card Service Launched in the Maldives, Boosting Cross-Border Digital Payments
As part of ongoing efforts to modernise the financial sector in the Maldives, the RuPay card service has officially been launched, marking...
Maldives Secures USD 400 Million Swap Deal with India: What It Means for the...
The Maldives Monetary Authority (MMA) has signed a significant currency swap agreement with the Reserve Bank of India (RBI), allowing for up...
Government of Maldives Meets Sukuk Coupon Payment, Easing Default Concerns
The Government of Maldives has successfully settled the latest coupon payment on its USD 500 million senior unsecured Sukuk, issued in 2021....
President Muizzu Rules Out IMF Programme Amidst Economic Crisis
President Dr Mohamed Muizzu has ruled out seeking assistance from the International Monetary Fund (IMF) to address the country’s ongoing economic challenges,...
LATEST ARTICLES
Parliament Pushes Through MVR 56.6 Billion Budget, Axes Accountability Measures
The Maldivian Parliament has approved a state budget of MVR 56.6 billion for 2025, despite criticism over the lack of specifics on...
MIRA Implements Changes to GST Regulation, Eases Rules for Staff Cafes
The Maldives Inland Revenue Authority (MIRA) has published the 31st Amendment to the Goods and Services Tax (GST) Regulation, introducing key updates...
Construction Minister Flags Misuse of Advance Payments by Contractors
Minister of Construction Dr Abdulla Muthalib has raised concerns over the misuse of advance payments by contractors, which has stalled several development...
Opening of New International Terminal at VIA Delayed Until Mid-2025
The opening of the new international terminal at Velana International Airport (VIA) has been postponed until mid-2025 at the recommendation of the...
The Cost of Control: What the Maldives Stands to Lose with Power Centralisation
In a move that has raised alarms about the erosion of democratic norms, President Mohamed Muizzu has ratified amendments to the laws...
