Gov’t Responds to Moody’s Credit Rating Confirmation
On 3rd December 2024, Moody’s confirmed the Maldives’ long-term local and foreign currency issuer rating at Caa2, maintaining a negative outlook. The Maldives...
First National Real Estate and Hospitality Fund Launches in the Maldives
The Maldives has welcomed a significant addition to its investment landscape with the launch of the First National Real Estate and Hospitality...
President Muizzu Ratifies Fiscal Responsibility and Debt Management Laws
President Dr. Mohamed Muizzu ratified the National Fiscal Responsibility Bill and the National Debt Bill on 3rd December 2024, introducing new legal...
Maldives Crowned World’s Leading Green Destination for 2024
The Maldives has been named the World’s Leading Green Destination at the 2024 World Travel Awards, a significant recognition of the nation’s...
Maldives Showcases Luxury Tourism at ILTM Cannes 2024
The Maldives Marketing and Public Relations Corporation (MMPRC) is showcasing the Maldives’ luxury travel offerings at the International Luxury Travel Market (ILTM)...
Moody’s Confirms Maldives’ Caa2 Rating with Negative Outlook
Moody’s Ratings has confirmed the Maldives’ long-term local and foreign currency issuer ratings at Caa2 with a negative outlook. This decision concludes...
Chinese Ambassador Bids Farewell to Maldives, Strengthens Bilateral Ties
The Ambassador of the People's Republic of China to the Maldives, Wang Lixin, paid a farewell call on President Dr Mohamed Muizzu,...
Ooredoo Maldives Launches Truly Unlimited SuperNet Plans
Ooredoo Maldives has introduced an unprecedented upgrade to its SuperNet services, offering customers truly unlimited internet with no data caps. The newly...
Sea-to-Air Cargo Service at VIA Reaches Milestone with 1,000 Tons Transported
The Maldives Airports Company Limited (MACL) has announced that its sea-to-air cargo service at Velana International Airport (VIA) has successfully facilitated the...
Finance Minister Asserts Bankruptcy Warnings Have Ceased
Finance Minister Moosa Zameer has stated that international financial institutions, including the International Monetary Fund (IMF) and credit rating agencies, are no...
Money Changing Licenses Expire as MMA Receives 98 Applications Under the New Regulation
The Maldives Monetary Authority (MMA) has announced the expiration of money-changing licenses for businesses that failed to apply under the new Regulation...
Maldives to Join Asia Pacific Regional Forum on Health and the Environment
The Cabinet of Ministers has approved the Maldives’ membership in the Asia Pacific Regional Forum on Health and the Environment (APRFHE), following...
President Ratifies Urban Development Act
President Dr Mohamed Muizzu has ratified the Urban Development Act, establishing a comprehensive legal framework to guide urban planning and development across...
Moosa Nimal Appointed Chief Business Officer of Bank of Maldives
The Bank of Maldives (BML) has appointed Moosa Nimal as its new Chief Business Officer (CBO), recognising his extensive contributions to the...
Maldives Balances Mild Inflation and Rising Construction Costs as Tourism Grows
Recent data from Maldives Bureau of Statistics reveals a mixed outlook for the country, with stable consumer prices in October 2024 contrasting...
Parliament Approves Stricter Copyright Act with Fines Up to MVR 300,000
The parliament has passed amendments to the Copyright Act, introducing stricter penalties and extended protections for intellectual property rights. The revised law,...
Govt’s Pension Reversal Highlights Policy Woes
The government has reversed its decision to discontinue monthly pension allowances for new retirees entitled to double pensions. This change reportedly follows...
NCIT Resumes eFaas Online Face Verification with New Provider
The National Centre for Information Technology (NCIT) has reinstated the online face verification service for the National Digital Identity platform, eFaas, following...
MPL Unveils Plans for Cruise Terminals at Four Locations
Maldives Ports Limited (MPL) has announced plans to develop cruise terminals at four strategic locations as part of its masterplan, aiming to...
Tourism Arrivals in November 2024 Grow by 5.7% Compared to 2023
The Maldives recorded 172,985 tourist arrivals in November 2024, reflecting a 5.7% increase compared to 163,658 arrivals in November 2023, according to...
Two Winners Selected by Ooredoo Maldives for Doha Marathon 2025
Ooredoo Maldives has announced the winners of its lucky draw for the Doha Marathon 2025, selecting Mohamed Azhad Ahmed and Thoriq Mohamed...
Bayfancy Residence: Luxury Living Meets Nature in Hulhumalé
Bayfancy Private Limited has unveiled Bayfancy Residence in Hulhumalé, combining modern luxury with eco-friendly design. This exclusive development offers an unparalleled living...
New Airport Departure and Development Fees Come Into Effect
The revised rates for the Airport Departure Tax and Airport Development Fee for tourists leaving the Maldives have officially come into effect...
CROSSROADS Maldives Introduces Russian Ruble Payment Option
CROSSROADS Maldives, the premier integrated multi-island leisure destination of the Maldives, launches HotelPay, a cutting-edge payment gateway designed to enhance the travel experience for...
LATEST ARTICLES
MMPRC and Emirates Deepen Collaboration to Promote Maldives Globally
The Maldives Marketing and PR Corporation (MMPRC) and Emirates have renewed their strategic partnership to jointly promote the Maldives as a...
New Aviation, Hospitality, and Marine Courses Introduced by Villa College
Villa College has introduced a range of new programmes aimed at expanding educational opportunities and addressing the skills and specialisations needed...
Maldives Launches First Overseas Passport and ID Issuance in Malaysia
The Maldives has launched its first overseas passport and identity card issuance service in Malaysia, marking a significant milestone in making...
Maldives Sees Monthly Price Drop in March; Food Costs Continue to Rise
Consumer prices in the Maldives fell by 0.69 percent in March 2025 compared to February 2025, according to the latest Consumer...
President Highlights Investment Opportunities at Maldives–Malaysia Business Forum
President Dr Mohamed Muizzu has invited Malaysian businesses to explore new opportunities in the Maldives, outlining his Administration’s development vision during...
