Maldives’ Economic Reforms Must Be Fast-Tracked, Warns IMF
The International Monetary Fund (IMF) has once again urged the Maldivian government to accelerate its economic reform agenda, warning that further delays...
Maldives Stresses Need for Climate Resilience at World Government Summit
Minister of Tourism and Environment Thoriq Ibrahim has highlighted the importance of a united global response in ensuring a sustainable and resilient...
Ramadan Allowance: What Employers and Employees Need to Know
With Ramadan approaching, both employers and employees in the Maldives must understand their legal rights and obligations regarding the Ramadan allowance. Mandated by...
STELCO Signs Agreement with SIWEC to Train Employees in Emergency Response
State Electric Company (STELCO) signed with Sifainge Welfare Company (SIWEC) yesterday to train their employees in various areas.
SIWEC,...
128 Maldivian Officials Trained Under UAE Governance Programme as MoU Renewed
The Maldives and the United Arab Emirates (UAE) have renewed a Memorandum of Understanding (MoU) on Experience Exchange on Government Development and...
January Revenue Drops 7.7% as Corporate Income Tax Declines
The Maldives Inland Revenue Authority (MIRA) reported that total revenue collection for January 2025 stood at MVR 3.34 billion, reflecting a 7.7%...
Gov’t to Build Fish Packing Factory in Hulhumalé by Next Year
Fisheries Minister Ahmed Shiyam responded to parliamentary inquiries on Tuesday, addressing plans for a new fish packing facility in Hulhumalé, challenges faced...
President Names Maldives’ Representatives to Global Trade, Maritime, and Energy Bodies
President Dr Mohamed Muizzu has nominated the country’s representatives to three major international organisations, forwarding the names to Parliament for endorsement. The...
Maldives Participates in Governance and Climate Discussions in Dubai
Vice President Uz Hussain Mohamed Latheef participated in the World Governments Summit 2025, currently being held in Dubai, United Arab Emirates (UAE)....
MATATO Seeks Clarification from MIRA on Tourism Revenue Distribution Figures
The Maldives Association of Travel Agents and Tour Operators (MATATO) has formally requested clarification from the Maldives Inland Revenue Authority (MIRA) regarding...
FTA Between Maldives and India in the Works, Minister Confirms
The Maldives and India are expected to finalise a free trade agreement (FTA) in the near future, according to Minister of Economic...
MMA Reports Growth in Foreign Reserves Following Tourism Sector Compliance
The Maldives Monetary Authority (MMA) has reported a 5% increase in the country’s official reserves, reaching USD 708.1 million at the end...
Stakeholders Agree on Measures to Tackle Medicine Shortages in the Maldives
A joint committee has been established to address ongoing challenges in providing medicines to the public, following a meeting between the State...
Audit Reveals Missing Documents and Financial Irregularities in POLCO Housing Project
Key documents related to the POLCO Flat project have been lost due to a server issue, according to Auditor General Hussain Niyazi,...
Medtech Maldives and OMRON Healthcare Launch Partnership to Expand Home Healthcare Access
Medtech Maldives Pvt. Ltd. has taken a decisive step in advancing home healthcare by officially launching OMRON Healthcare’s range of medical devices...
Lawmakers Push for Action on Unpaid Environmental Fines
The Parliament’s Environment and Climate Change Committee has voted to proceed with stakeholder discussions on decommissioning businesses that continue to evade fines...
MATI Highlights Tourism Growth, Rising Costs, and Renewable Energy at 35th AGM
The Maldives Association of Tourism Industry (MATI) held its 35th Annual General Meeting at Kurumba Maldives, where Secretary-General Ahmed Nazeer highlighted the...
Gov’t’s Expenditure-Cutting Measures Under Parliamentary Review
Parliament has reviewed the government’s Economic Reform Agenda, which seeks to reduce state expenditure over the next two years. The measures, submitted...
Maldives Welcomes Nearly 74,000 Visitors in First Nine Days of February
The Maldives has recorded 73,935 tourist arrivals as of 9th February 2025, reflecting a 10.4% increase compared to the same period in 2024. This marks...
Efforts Underway to Resolve Delayed Resort Developments in the Maldives
The government has reiterated its commitment to addressing stalled resort development projects in the Maldives, prioritising solutions over contract annulments with investors....
MMA Governor Hints at Future Adjustments to USD Conversion for Resorts
The Maldives Monetary Authority (MMA) Governor, Ahmed Munawar, has hinted at the possibility of reducing the mandatory USD conversion requirement for resorts...
Economic Ministry Announces Ramadan Operating Hours for Businesses
The Ministry of Economic Development and Trade has released the official operating hours for shops, cafes, and restaurants during Ramadan and the...
Vice President to Represent Maldives at WGS 2025
Vice President Uz Hussain Mohamed Latheef departed for Dubai on Sunday to represent the Maldives at the World Governments Summit 2025, held...
Gov’t Policies and Market Pressures Shape Maldives’ Inflation Trends in 2024
The Maldives Bureau of Statistics released the annual Consumer Price Index (CPI) report for 2024 on 5 February 2025, revealing a slowdown...
LATEST ARTICLES
Maldives’ January Imports at MVR 5.2 Billion, Exports Reach MVR 144 Million
The Maldives recorded imports worth MVR 5.2 billion in January 2025, with fuel accounting for MVR 728 million of the total, according...
Maldives Q4 2024 PPI: Tourism and Construction Surge, Utilities Decline
The Maldives Bureau of Statistics has released the Producer Price Index (PPI) for the fourth quarter of 2024, revealing varied trends across...
New Animal Protection Bill Proposes Fines Up to MVR 1 Million
The government has submitted the Animal Care and Protection Bill to Parliament, proposing a legal framework for the care, husbandry, and trade...
Parliament Approves Non-Resident Ambassadors to Russia and Morocco
The Parliament has unanimously approved President Dr Mohamed Muizzu’s nominations for non-resident ambassadors to Russia and Morocco. The appointments were confirmed in...
Tobacco Imports Subject to Duty Under China-Maldives FTA, Confirms Minister
Economic Minister Mohamed Saeed has confirmed that tobacco products and cigarettes will not be exempt from import duties under the Free Trade...
