Maldives Ratifies 13th Amendment to Tourism Act, Revises Lease Extension Fees for Resorts
President has officially ratified the 13th Amendment to the Maldives Tourism Act (Act Number 2/99), introducing significant changes to the payment periods...
200-Hectare Agriculture Zone in UTF to Begin in January, Says Minister
The development of a 200-hectare Agriculture Economic Zone in Uthuru Thilafalhu (UTF) is set to commence in January 2025, according to the...
Maldives’ New Planning Laws: A Step Forward or a Setback for Decentralisation?
President Dr Mohamed Muizzu has ratified two pieces of legislation. The Urban Planning and Management Act (Act No. 15/2024) and the 13th...
Maldives Usable Reserves Rise to USD 61 Million
The Maldives Monetary Authority (MMA) has reported an increase in the nation’s usable reserves, which have now reached USD 61 million.
Chinese Tourist Arrivals in Maldives Break 200,000 Barrier
The Maldives has achieved a significant milestone in its tourism sector, surpassing 200,000 tourist arrivals from China in 2024. This marks a...
From Crisis to Opportunity: Lessons from the Pandemic
The COVID-19 pandemic has indelibly transformed the way we live, work, and conduct business globally. For the Maldives, a country that thrives...
Maldives Customs Reports Increase in Import and Export Revenue for July
The Maldives Customs Service has reported that revenue from imports and exports reached USD 24 million in July this year, marking a...
Maldives Partners with SEI-US to Strengthen Capacity in Climate Transparency Efforts
The Ministry of Climate Change, Environment, and Energy has signed an agreement with the Stockholm Environment Institute US (SEI-US) to conduct a...
New Transport Links: Govt’s Strategy to Connect Key Development Zones
The Maldivian government has revealed plans to establish an integrated transportation network connecting Rasmale, Giraavaru Falhu, and Gulhifalhu. This project, in collaboration...
Amendment to the Maldives Securities Act Opens New Avenues for Foreign Investors
The People’s Majlis has passed the third amendment to the Maldives Securities Act 2/2006, marking a significant step towards enhancing foreign investment...
Adoption of Digital Banking: An Overview of Internet and Mobile Banking in the Maldives
In recent years, the Maldives has seen a significant shift towards digital banking services, reflecting a global trend in the financial sector....
Intour Maldives Marks 28 Years by Adopting 28 Sea Turtles
Intour Maldives, a leading luxury destination management company (DMC) in the Maldives, has celebrated its 28th anniversary by adopting 28 sea turtles...
Gov’t Reassures Investors Amid Sukuk Value Decline
The Maldivian government has moved to reassure investors following a dramatic fall in the value of its Sukuk bonds, amid escalating concerns...
Team Husbulhi Wins Ooredoo Masrace 2024, Secures MVR 25,000 Grand Prize
Team Husbulhi has been crowned champions of the Ooredoo Masrace 2024, claiming the grand prize of MVR 25,000 in a highly competitive...
Q1 2024 SOE Review: Revenue Growth Offset by Profit Decline
The Privatisation and Corporatisation Board’s Q1 2024 review of state-owned enterprises (SOEs) report shows profits have declined, while revenue and assets have...
Fuvahmulah City Council Announces Lease of Land for Tourism Projects
Fuvahmulah City Council has announced its decision to lease land from the city’s harbour area for tourism-related projects, inviting interested parties to...
Outward Remittances from Maldives Surge by 40% in 2023 Amid Growing Expat Workforce
Foreign remittances have a significant impact on the economic landscape of the Maldives, but unlike in many other countries, they do not...
Maldives Sukuk Bonds Face Selloff as Fears of Default Grow
In recent weeks, Maldivian Sukuk bonds have seen a dramatic fall in value as fears of a potential default escalate. Initially considered...
Maldives and UAE Strengthen Diplomatic Ties
Minister of Foreign Affairs of the Maldives, Moosa Zameer, met with His Highness Sheikh Abdullah bin Zayed Al Nahyan, the Deputy Prime...
Maldives and Kazakhstan Sign MoU on Technology Cooperation
The Maldives has signed a memorandum of understanding (MoU) with Kazakhstan to collaborate on technology development on the sidelines of the Asia-Pacific...
Rethinking Nationalism: Why Embracing Globalisation is Vital for the Maldives
As the Maldives celebrates its National Day, it’s an opportune moment to reflect on what nationalism means for our island nation in...
Maldives Signs BBNJ Agreement, Strengthening Marine Conservation Efforts
The Maldives has officially become the 92nd signatory of the Biodiversity Beyond National Jurisdiction (BBNJ) Agreement, marking a significant step in the...
New Policy Mandates Food Safety Training for Home-Based Cooks in the Maldives
The Maldives Food and Drug Authority (MFDA) has introduced a new policy that requires home-based cooks to undergo compulsory food safety training...
MPL Unveils New Website for Northern Maritime Services
Maldives Ports Limited (MPL) has officially launched a new website dedicated to its upcoming maritime services in the northern Maldives. The site,...
LATEST ARTICLES
Deputy Speaker Calls for Local Appointments to Senior Roles at Bank of Maldives
Deputy Speaker of Parliament, Ahmed Nazim, has called for the appointment of local talent to senior roles at the Bank of Maldives...
Cabinet Secretary Ahmed Ali Habeeb Nominated as New Chairperson of Bank of Maldives
The government has nominated Ahmed Ali Habeeb, the current Cabinet Secretary at the President’s Office, for the role of Chairperson of Bank...
Revamping Heritage: Maldives Plans to Turn Historical Assets into Revenue Streams
Maldives Minister of Language, Culture, and Heritage, Adam Naseer Ibrahim, has unveiled plans to convert heritage assets into revenue streams. In a...
Maldives and Japan Sign Exchange of Notes to Enhance Disaster Resilience in Malé
The Government of Maldives and the Government of Japan signed an Exchange of Notes today for the “Project for Disaster Resilience Enhancement...
Leasehold Rights of Dholhiyadhoo Island Resort Up for Auction in Maldives
The State Bank of India (SBI) Male’ branch has announced an auction for the leasehold rights of Dholhiyadhoo Island Resort, located in...
