Maldives Receives Strong US Support in Efforts to Introduce PayPal Services, Says Foreign Minister
The Maldives is receiving substantial support from the United States to overcome the challenges associated with introducing PayPal services in the country,...
Maldives Welcomes First Oil Tanker for Upcoming Bunkering Service Slated for September 20th
The first oil tanker for the Maldives' new bunkering service has successfully docked near Kulhudhuffushi City. According to the State Trading Organisation...
Gov’t Prioritises Digitalisation as Cornerstone of National Vision
President Dr Mohamed Muizzu has declared digitalisation as the cornerstone of the Maldives’ national vision, highlighting its transformative potential in addressing the...
Dhiraagu Renews Partnership with SEED by BCC to Boost Digital Connectivity
Dhiraagu has renewed its partnership with SEED by BCC, the first co-working space of its kind in the country. This continued collaboration...
BML CEO Karl Stumke Steps Down, Recruitment for Successor Underway
Karl Stumke, Chief Executive Officer of the Bank of Maldives (BML), has officially resigned, according to a statement released by the bank...
Gov’t Launches Phase One of Tradian: NSW Platform Connects 10 Agencies
The government has officially announced Phase One of Tradian, the nation’s first National Single Window (NSW) platform, listing the agencies and services...
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...
LATEST ARTICLES
Maldives Launches USD 8.8 Billion Financial Centre to Reshape National Economy
The Maldives government has signed a landmark joint venture agreement with MBS Global Investments to establish the Maldives International Financial Centre...
Ooredoo Maldives Sets Guinness World Record for Largest Underwater Panel Discussion
Ooredoo Maldives has earned a place in the Guinness World Records after hosting the world’s largest underwater panel discussion, held beneath...
Vaadhoo to Become First Fully Solar-Powered Island in the Maldives by Year-End
The government has announced plans to transition Raa Atoll Vaadhoo to 100 percent renewable energy by the end of 2025, positioning...
MTCC Posts MVR 62 Million Loss in Q1 Despite Higher Revenue
The Maldives Transport and Contracting Company (MTCC) reported a loss of MVR 62.1 million for the first quarter of 2025, even...
Maldives Strengthens WTO Ties with New Permanent Representative
Ambassador Dr. Salma Rasheed has officially assumed her role as the Permanent Representative of the Maldives to the World Trade Organization...
