Government Announces Aasandha Reforms Aimed at Saving MVR 500 Million
Finance Minister Moosa Zameer has announced that the government is set to save MVR 500 million through reforms to the national health...
Finance Minister Warns of Delays if Development Projects Lack Adequate Funding
Minister of Finance Moosa Zameer has raised concerns over insufficient financial allocations for development projects, warning that this could lead to delays...
MPL’s Sea-to-Air Cargo Service Generates Over USD 3 Million for Maldivian Economy
The Maldives Ports Limited (MPL) has reported significant success with its sea-to-air cargo service, which has generated over USD 3 million for...
Study Attributes Mangrove Dieback in Maldives to Rapid Sea-Level Rise and Extreme Indian Ocean...
A comprehensive study has revealed that the unprecedented dieback of mangrove forests in the Maldives in 2020 was primarily driven by rapid...
Tourism Industry’s Call for Compromise Ignored Amidst New Dollar Rules
In response to newly introduced regulations by the Maldives Monetary Authority (MMA) mandating a compulsory USD 500 fee per tourist at resorts,...
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...
LATEST ARTICLES
Gov’t Opens Subscription for New Round of Treasury Bills
The Ministry of Finance and Planning has invited subscriptions for a new series of Maldivian Rufiyaa-denominated Treasury Bills (T-Bills), offering investors...
Maldives Moves to Block Companies in Debt from Bidding for Government Contracts
Parliament has unanimously approved new measures aimed at recovering outstanding debts owed to the state, including a policy change that would...
Dhiraagu Fuvahmulah Run 2025 Bib Expo Begins in Fuvahmulah City
Dhiraagu has commenced the distribution of race kits and bibs for the Dhiraagu Fuvahmulah Run 2025 (DFR), with the Bib Expo...
Berjaya and Sunway Leaders Discuss Expansion into Maldives
President Dr Mohamed Muizzu, during his ongoing official visit to Malaysia, held meetings with two prominent Malaysian business leaders to explore...
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...
