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...
President Ratifies Amendment to Tobacco Control Act
President Dr Mohamed Muizzu has ratified the First Amendment to the Tobacco Control Act, introducing stringent new measures to regulate the use...
Tourism Ministry to Launch Targeted Inspections of Guesthouses in Key Atolls
The Maldives’ Ministry of Tourism has announced plans to conduct targeted inspections within the next two weeks to address the issue of...
Maldives’ October Revenue Drops 14% Year-on-Year
The Maldives Inland Revenue Authority (MIRA) has reported that the country's total revenue collection for October 2024 reached MVR 1.73 billion. This...
Dhiraagu’s ‘Win a Speedboat’ Promotion Nears Exciting Finale with Magellan 32 Grand Prize
Dhiraagu's much-anticipated ‘Win a Speedboat’ promotion is nearing its thrilling conclusion, as the grand prize—a Magellan 32 speedboat—enters the final stages of...
Maldives Proposes Pension Reforms to Exclude High-Income Earners in 2025 Budget
The Maldivian government has proposed changes to its pension system in the 2025 budget, which will see the basic pension of MVR...
MMA Clarifies Reserve Data Following Currency Swap with India
The Maldives Monetary Authority (MMA) has provided an update on its foreign exchange reserves following a recent currency swap arrangement with the...
President Muizzu Calls for Trillions in Climate Finance at COP29 to Support Vulnerable Nations
During COP29 in Baku, President Dr Mohamed Muizzu addressed the global community, urging for a renewed focus on climate finance. In both...
President Muizzu Attends Opening Session of COP29
President Dr Mohamed Muizzu attended the opening session of the World Leaders Climate Action Summit at the 29th Conference of the Parties...
Maldives Signs MoU with Abu Dhabi Global Market to Enhance Registry Operations
The Ministry of Economic Development & Trade of the Maldives has entered into a Memorandum of Understanding (MoU) with the Abu Dhabi...
Registration for Ooredoo Maldives Fun Run to Close on 16th November
Ooredoo Maldives has announced that registration for its highly anticipated Fun Run in Hulhumalé will close on 16th November 2024. Dubbed "The...
President Muizzu Departs for COP29 in Baku
President Dr Mohamed Muizzu has departed for Baku, Azerbaijan, to attend the 29th Conference of the Parties (COP29) under the United Nations...
Maldives and Qatar Financial Centre Sign MOU to Foster Economic Cooperation
The Ministry of Economic Development and Trade (MEDT) of the Maldives has formalised a Memorandum of Understanding (MOU) with the Qatar Financial...
President Muizzu Meets CEO of Saudi Fund for Development
During the Joint Arab-Islamic Extraordinary Summit in Riyadh, President Dr Mohamed Muizzu met with Sultan Abdulrahman Al-Marshad, CEO of the Saudi Fund...
Maldives to Open Embassy in Italy: Strengthening Ties with a Key Tourism Market
The Maldives is preparing to expand its diplomatic footprint with the establishment of an embassy in Italy, as announced by President Dr....
ADB Approves USD 21.95 Million Package to Boost Climate Resilience and Food Security in...
The Asian Development Bank (ADB) has approved a financing package worth USD 21.95 million to enhance the Maldives’ ability to combat the...
Maldivian Set to Connect China and Maldives with New Long-Haul Routes
Maldivian, the national airline of the Maldives, has announced its foray into long-haul operations at the World Travel Market (WTM) held in...
LATEST ARTICLES
Bank of Maldives and MMPRC Join Forces for Global Destination Marketing Campaign
Bank of Maldives (BML) has entered into a strategic partnership with the Maldives Marketing and Public Relations Corporation (MMPRC) to promote...
Pre-Schedule Your Corporate Maldives Network Meetings Now
Corporate Maldives Network meetings are now open through Corporate Maldives Network for pre-scheduled meetings as part of Corporate Maldives Bizweek.
Parliament to Review Asna Hamdhy’s Nomination for MMA Deputy Governor
President Dr Mohamed Muizzu has nominated Aishath Asna Hamdhy for the post of Deputy Governor at the Maldives Monetary Authority (MMA),...
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...
