April 2025 Economic Update: Moderate Growth, Evolving Tourism Trends, and Rising Inflation

The Maldives' economic performance in the fourth quarter of 2024 and the first quarter of 2025 reflects a period of moderated growth,...

PCB Announces New Leadership: Ayesha Nur’ain Janah to Head MACL, Ahmed Shaheer to Chair...

The Privatisation and Corporatisation Board (PCB) appointed new chairpersons to the boards of two major state-owned enterprises—Maldives Airports Company Ltd (MACL) and...

President Muizzu Pledges Written Housing Guarantee for All Eligible Citizens by Year-End

President Dr Mohamed Muizzu has reaffirmed his administration’s commitment to addressing the Maldives’ housing crisis, announcing a bold initiative that will see...

Ministry Invites EOIs for Kinbidhoo–Veymandoo Causeway and Elaa Tourism Island Project

The Ministry of Construction, Housing and Infrastructure (MCHI) on Thursday invited Expressions of Interest (EOIs) for a major infrastructure project linking Thaa...

Electricity Bills Set to Drop as New Tariffs Roll Out

President Dr Mohamed Muizzu announced yesterday that he has instructed the relevant authorities to reduce electricity tariff rates for the domestic category,...

Dhiraagu Introduces Affordable Roaming Packages for 46 Countries

Dhiraagu has unveiled a new range of affordable roaming packages, offering seamless connectivity for customers travelling to 46 countries. This latest initiative...

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...

VP Urges United Global Action on Glacier Loss at International Conference

Vice President Uz Hussain Mohamed Latheef has called for urgent and unified international efforts to address the accelerating loss of glaciers and...

Bank of Maldives Declares Record MVR 55 Dividend as Profits Reach All-Time High

Bank of Maldives (BML) declared a record final dividend of MVR 55 per share for the financial year 2024, following shareholder approval...

Government Receives Only 3.6% of Projected Foreign Grants in First Five Months of 2025

The Ministry of Finance has revealed that the Maldivian government collected just 3.6 percent of its projected foreign grants for 2025 during...

Maldives and UK Hold Second Strategic Dialogue to Deepen Bilateral Ties

The Maldives and the United Kingdom (UK) convened the Second Strategic Dialogue at the Senior Officials level yesterday in Malé.

Tourism Ministry Hosts Workshop on Mitigation Tracking in Energy and Waste Sectors

The Ministry of Tourism and Environment held a stakeholder workshop yesterday to present and discuss the proposed methodology for tracking mitigation actions...

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,...

Ooredoo Maldives Wins ‘Telco of the Year – Small Markets’ for Second Year Running

Ooredoo Maldives won Telco of the Year – Small Markets a the Twimbit Telecom Awards 2025 for two years in a row.

Maldives and Hong Kong Sign Double Tax Agreement to Boost Transparency and Cooperation

The Maldives and Hong Kong signed a Double Tax Agreement (DTA) on Monday during the Asia Initiative meeting, marking a significant step...

Ministry of Economic Development and UNDP Sign MoU to Boost Maldivian Export Development

The Ministry of Economic Development and Trade (MEDT) signed a Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) yesterday,...

MMA Grants Pre-Operational Approval to Two New Banks to Boost Financial Sector

The Maldives Monetary Authority (MMA) has granted pre-operational approval to two new banking institutions as part of its efforts to strengthen and...

Tourism and Environment Ministry Hosts Power BI Training to Boost Climate Data Skills

The Ministry of Tourism and Environment has concluded a one-day training programme focused on climate and energy data visualisation using Microsoft Power...

Domestic Prices Decline in April, Led by Drop in Food and Utility Costs

Consumer prices in the Maldives declined for a second consecutive month this year, according to the latest Consumer Price Index (CPI) data...

Non-Resident Commissioner of Singapore Paid a Courtesy Call on President Muizzu

The Non-Resident High Commissioner of the Republic of Singapore to the Maldives, Soo Kok Leng, paid a courtesy call on President Dr...

Maldives and India Hold Second High-Level Core Group Meeting in New Delhi

The Maldives and India held the second meeting of the High-Level Core Group (HLCG) in New Delhi yesterday, continuing efforts to strengthen...

Maldivian Pilgrims to Complete Saudi Immigration at VIA Under Newly Launched Makkah Route Initiative

President Dr Mohamed Muizzu announced yesterday that Maldivian pilgrims can now complete Saudi Arabia’s immigration, customs, and health procedures at Velana International...

Dhiraagu Raises MVR 230,380 to Support Children Under State Care

Dhiraagu has successfully raised MVR 230,380 through its “Donate on DhiraaguApp” campaign, aimed at supporting children under state care. The company presented...

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...

LATEST ARTICLES

State-Owned Enterprises: Strategic Assets or Economic Burdens?

Within the span of a week, President Dr. Mohamed Muizzu established two new state-owned enterprises (SOEs), aiming to address financial and infrastructural...

Maldives Reaffirms Commitment to Workers’ Rights and Social Justice at ILO Conference

The Minister of Higher Education, Labour and Skills Development, Dr Ali Haidar Ahmed, has reaffirmed the Maldives’ firm commitment to protecting workers’...

Maldives and China Sign Agreement to Begin Design of Vilimale’ Friendship Hospital

The Ministry of Construction, Housing and Infrastructure has signed an agreement with the Government of China to commence the design phase of...

Dhiraagu Announces Exciting Offers for Prepaid Customers For Eid

Dhiraagu has unveiled a set of limited-time offers designed to give Prepaid customers more value, more data, and more reasons to celebrate...

Climate and Plastic Pollution Threaten Maldivian Children, Warns Minister and UNICEF Rep

Marking World Environment Day 2025, Minister of Tourism and Environment Thoriq Ibrahim and UNICEF Representative to the Maldives, Dr Edward Addai, issued...
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