Government Opens Applications for MIRA Board Member Position
The Government of Maldives has announced the opening of applications for a position on the Board of Directors of the Maldives Inland...
STELCO on Track to Close 2024 with MVR 120 Million Profit, Says Managing Director
The State Electric Company (STELCO) is projected to end 2024 with a profit of MVR 120 million, according to its Managing Director,...
Tourist Arrivals in Maldives Show Steady Growth in Early November 2024
Tourist arrivals to the Maldives during the first half of November 2024 have seen a significant increase compared to the same period...
MACL Attracts Over 3,300 Visitors at Dhaalan Career Expo, Offers Jobs and Internships
Maldives Airports Company Limited (MACL) received an enthusiastic response during its participation at the Dhaalan Career Expo, organised by the Ministry of...
President Muizzu Stands Firm on Regulation for Tourism Sector’s Foreign Exchange Earnings
President Mohamed Muizzu has reaffirmed that his administration will not alter the regulation requiring tourism businesses to deposit and convert a significant...
Finance Minister Hints at Political Influence on Credit Rating Downgrades
The Maldives' Finance Minister, Moosa Zameer, has suggested a possible connection between the country's recent credit rating downgrades and government plans to...
Annual Review Highlights Maldives’ Progress Towards 2040 Development Goals
The Maldives Ministry of Economic Development and Trade has released its annual review, titled “Towards a Developed Nation by 2040,” which outlines...
Maldives Launch First Development Bank to Support Economic Growth
President Dr. Mohamed Muizzu has inaugurated the Development Bank of Maldives (DBM), fulfilling a key pledge from his manifesto. The launch, which...
Maldives and Azerbaijan Sign Key Bilateral Agreements to Strengthen Cooperation
The Maldives and Azerbaijan have signed two significant bilateral agreements to deepen cooperation between the two nations. The signing ceremony took place...
Maldives Government Spending Reaches MVR 41.59 Billion
The Maldives government has spent MVR 41.59 billion from the National Budget 2024 as of 7 November, according to the latest Weekly...
MMA Governor Calls for Improved System to Target Subsidy Recipients and Address Rising Student...
Governor of the Maldives Monetary Authority (MMA), Ahmed Munawwar, has emphasised the urgent need for a more effective system to accurately identify...
Health Minister Highlights Financial Strain of Aasandha Scheme, Announces Plans for Reform
Health Minister Abdulla Nazim Ibrahim has raised concerns over the financial burden placed on the state budget by the Aasandha national health...
Registration for Ooredoo Maldives Fun Run Closes Today
The deadline to register for Ooredoo Maldives Fun Run, described as "The Happiest Run in the Maldives," is set to expire today....
Maldives Begins Talks to Refinance Over USD 1 Billion in Debt, Says Finance Minister
Finance Minister Moosa Zameer has announced that the Maldives has initiated discussions to refinance more than USD 1 billion in debt. Speaking...
Finance Minister Announce Gradual Reforms to Subsidy and Insurance Systems
Minister of Finance Moosa Zameer has announced that the government will implement reforms to the subsidy-issuing system in phases, with a focus...
Dhiraagu Partners with National Skills Expo to Empower Maldivian Youth
Dhiraagu has officially signed on as the exclusive Digital Partner for the upcoming Dhaalan: National Skills and Career Expo 2024. The event,...
MIRA Issues Regulation for Special Economic Zones Following Agreement with IFZA
The Maldives Inland Revenue Authority (MIRA) has issued a regulation outlining the submission requirements for developers and investors operating within the country’s...
President Nasheed Opposes Central Bank Rule on Foreign Exchange for Tourism Sector
Former President Mohamed Nasheed has voiced his opposition to the Maldives Monetary Authority's (MMA) regulation requiring tourism businesses to deposit and convert...
MATI Shared Concerns of Economic Fallout Over Exchange Controls by MMA
The Maldives Association of Tourism Industry (MATI) had shared serious concerns prior to Maldives Monetary Authority (MMA) introducing foreign exchange controls in...
Bunkering Service Generates USD 1.5 Million in Revenue, Says Minister
Economic Minister Mohamed Saeed has revealed that the Maldives’ recently launched bunkering service has generated approximately USD 1.5 million in revenue. The...
President Muizzu Meets AIIB President at COP29 to Strengthen Development Cooperation
On the sidelines of COP29, President Dr Mohamed Muizzu held a meeting with Mr Jin Liqun, President and Chair of the Board...
Ooredoo Maldives Announces Record Date for Extraordinary General Meeting
Ooredoo Maldives has officially announced that its upcoming Extraordinary General Meeting (EGM) will take place in December 2024. The telecommunications company confirmed...
MP Urges Parliament to Address Tourism Sector Concerns Over MMA’s Dollar Rules
Galolhu North MP Mohamed Ibrahim (MDP) has urged the parliament to summon representatives from the tourism sector to address growing concerns surrounding...
Champa Moosa Calls on Maldives Monetary Authority to Repeal New Foreign Exchange Regulations
Prominent tourism leader Champa Mohamed Moosa has formally requested the Maldives Monetary Authority (MMA) to suspend its newly introduced foreign exchange regulations...
LATEST ARTICLES
Maldives Slams COP29 Climate Finance Deal as Inadequate Amid Escalating Crisis
The Maldives has criticised the USD 300 billion annual climate finance target agreed upon at the COP29 summit, stating that it falls...
Ministry Teams Up with ESCAP and APCICT to Support Women in Business
The Ministry of Social and Family Development, in collaboration with ESCAP (Economic and Social Commission for Asia and the Pacific) and APCICT...
Maldives Secures Nine Prestigious Titles at World Travel Awards 2024
The Maldives has cemented its position as a global tourism leader, winning nine prestigious titles at the World Travel Awards 2024, held...
Parliament Committee to Probe Pending Payments to SOEs
The Public Accounts Committee of Parliament has resolved to seek details of all pending payments owed to State-Owned Enterprises (SOEs), following a...
MPL Targets USD 6.5 Million in Revenue by Year-End
Maldives Ports Limited (MPL) is aiming to achieve USD 6.5 million in revenue by the end of this year, according to its...
