Gov’t Spending Rises 19 Percent as PSIP Expenditure Falls 30 Percent
Maldives fiscal balance falls into deficit as spending outpaces revenue and PSIP expenditure declines.
Section
News
Maldives to Showcase Investment Opportunities at SIDS Forum
Maldives hosts two international forums connecting island states with investors, businesses and development partners.
Maldives Expects Major Renewable Energy Projects to Finish by Next Year, Says Minister
Maldives advances renewable energy projects targeting 33 percent clean electricity generation by 2028.
Transshipment Growth Lifts VIA Cargo Activity
VIA cargo rose 2 percent in Q2 2026, driven by strong transshipment growth.
Bayfancy Material Showing Room Now Open – The Materials Behind Bayfancy
Bayfancy opens Material Showing Room showcasing high-end Chinese and international brands behind its residence.
STO Brings GE Healthcare’s Vscan Portable Ultrasound
STO launches GE Healthcare's Vscan portable ultrasound to expand Maldives scanning access beyond clinics.
Minister Zareer Says Debt Repayments Have Strengthened Maldives’ Investor Appeal
Minister Zareer says continued debt repayments boost investor confidence, attracting interest in major Maldives investments.
Maldives, Bangladesh, Bhutan and Nepal Sign Customs Cooperation Agreement
Four South Asian nations signed a customs cooperation agreement to facilitate trade and strengthen controls.
Yazmeed Mohamed Appointed as New CEO of Pension Office
Yazmeed Mohamed appointed new CEO of Maldives Pension Office for five-year term from 2026.
VIA Welcomes 1.62 Million Passengers in Second Quarter
Velana International Airport processed 1.62 million passengers in the second quarter, statistics show.
Fisheries Ministry Plans Four Annual Mariculture Training Courses
Maldives expands mariculture training from two to four annual courses under presidential directive.
Media Face Up to MVR 500,000 Fine for Black Market Rate Reports
Maldives committee approves fining media up to MVR 500,000 for reporting black-market currency rates.
Maldives Denies Approving Indian Consulate in Addu Despite Previous Gov’t Announcement
Maldives denies approving Indian consulate in Addu, contradicting a 2024 government announcement on bilateral cooperation.
Gov’t to Streamline SOE Workforces Through Redundancy Scheme
Government restructures SOE workforces via redundancy scheme, offering compensation and business financing for affected employees.
Iyufa Amir Shapes People-First Culture at Madifushi Private Island
Iyufa Amir drives a people-first HR culture at Madifushi Private Island through trust and empowerment.
Maldives Delegation Holds Russia Air Connectivity Talks, Meets Aeroflot in Moscow
Maldivian delegation meets Russian transport officials and Aeroflot in Moscow to expand air connectivity.
Cabinet Approves Tobacco Campaign, Prison SIM Controls and Tourist Fare Review
Cabinet approves tobacco campaign, prison SIM controls, special-needs facility upgrade and tourist airfare review measures.
ICOM Launches Five-Year Plan to Strengthen Transparency and Access to Information
ICOM launches five-year strategic plan to strengthen transparency and access to public information nationwide.
Race Kit Collection for Dhiraagu Malé Open Swimming Competition Begins Today
Race kit collection begins today for the Dhiraagu Malé Open 2026 swimming competition.
Maldives’ Ninth Commercial Bank MPB Begins Operations
Maldives Premier Bank, the ninth commercial bank, opens in Malé with digital services launched.
Central Bank Targets 80 Per Cent Maldivian Representation in Senior Banking Roles
Maldives central bank targets over 80 per cent Maldivian representation in senior banking roles.
Maldives Seeks Expanded Air Links with Russia During Moscow Visit
Maldivian tourism delegation visits Russia seeking expanded air links and stronger tourism cooperation between countries.
Gov’t to Pursue Tourism Leaseholders Over Unpaid Rent and Fines
Government to enforce lease obligations, pursuing tourism leaseholders over unpaid rent, fines, and penalties.
ARISE Phase 3 Begins with Eydhafushi Solar Grid Connection
Eydhafushi's new 1.2MW solar grid under ARISE cuts diesel use and boosts renewable energy.