IsDB Discusses Establishment of a Microfinance Bank in the Maldives
H.E. President Dr Mohamed Muizzu held talks with The President of the Islamic Development Bank (IsDB), H.E. Dr Muhammed Al Jasser, on...
India Overtakes Russia as Top Tourist Market for the Maldives
According to statistics released by the Ministry of Tourism, India has emerged as the primary tourist market for the Maldives, displacing Russia...
BML Small Grants Enable Sustainable Farming Practices in B. Kihaadhoo
The Bank of Maldives (BML) has announced the successful completion of a greenhouse and hydroponics project in B. Kihaadhoo, Maldives. The project,...
Ooredoo Maldives’ Eid Activities Bring Communities Together
Ooredoo Maldives marked the joyous occasion of Eid-al-Fitr by actively engaging in a series of initiatives aimed at promoting unity and happiness...
MMA Urged to Strengthen Financial Regulation and Board Independence
The International Monetary Fund (IMF) has called upon the Maldives Monetary Authority (MMA) to enhance its financial regulation and strengthen the independence...
Government of Maldives Launches Development Bank to Address Financing Challenges
President Dr Mohamed Muizzu established the Development Bank of Maldives Limited on Thursday, a state-owned establishment wholly owned by the Government of...
State Budget: Development Funds Cut, Salaries Increased
The latest Weekly Fiscal Development Report, issued by the Finance Ministry, shows a total of MVR 1.8 billion was allocated to development...
Customs Reports 6% Surge in Imports, 22% Fall in Exports
According to the latest reports by the Maldives Customs Service, the Cost, Insurance, and Freight (CIF) value of imports in April 2024...
Maldives Showcases Luxury Travel at Riyadh Travel Fair 2024
The Maldives Marketing and Public Relations Corporation (MMPRC), also known as Visit Maldives, is participating in the Riyadh Travel Fair (RTF) 2024,...
World Bank Appoints New Country Manager for Maldives
The World Bank has announced the appointment of Mr. Gevorg Sargsyan as the new Country Manager for the Maldives. An Armenian national,...
Maldives Explores New Economic Partnerships with American Businesses
The Maldives is working to strengthen its economic relations with the United States following a meeting organised by the US Chamber of...
MPs Debate Timing of TGST Hike as Tourism-Related Bills Head to Sub-Committee
Two government-proposed bills seeking to increase tourism-related taxes have been forwarded to a sub-committee of Parliament’s Public Accounts Committee and Economic Affairs...
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...
Maldives Eyes 2 Million Visitors, Daily Arrivals Must Surge
As the Maldives approaches the end of 2024, the nation remains focused on achieving its ambitious goal of welcoming 2 million tourist...
Robust Growth in Loans and Capital Strengthens Maldivian Banks
The Maldivian banking sector demonstrated notable resilience in the third quarter of 2024, maintaining strong capital adequacy and profitability ratios despite challenges...
President’s Digital Vision Faces Hurdles as Public Trust Wanes
President Dr Mohamed Muizzu’s ambition to fully digitalise the Maldives’ healthcare and education sectors has ignited debate over whether the country is...
Fisheries Ministry Partners with China for Aquaculture Training
The Ministry of Fisheries and Ocean Resources, in collaboration with China’s Fujian Fisheries Research Institute, has launched an extensive training programme focused...
Dhidhdhoo Joins WAMCO’s Expanding Waste Management Network
The Waste Management Corporation Limited (WAMCO) has expanded its services to Dhidhdhoo, Haa Alifu Atoll, further broadening its waste management network across...
Inflation Rises by 0.33% in January as Food Prices Climb
The Maldives’ Consumer Price Index (CPI) saw a modest increase of 0.33% in January 2025 compared to December 2024, reflecting fluctuations in food, accommodation,...
Maldivian Extends Proposal Deadline for Airbus A330-200 Operating Lease
Island Aviation Services Limited (IASL), operator of the Maldives' national airline, Maldivian, has announced an extension to the proposal submission deadline for...
Ooredoo Maldives Launches 20th Anniversary Giveaway with Umrah and Hajj Trips
Ooredoo Maldives has announced a nationwide giveaway to mark its 20th anniversary, offering customers a chance to win 19 Umrah trips...
Gov’t Announces Completion of Muli Airport Following Successful Test Flight
The government has announced the successful completion of Muli Airport in Meemu Atoll, with a test flight landing at the new...
Pakistan PM to receive Bahrain’s highest civil awards
Pakistan Prime Minister Imran Khan is to be conferred
Bahrain’s highest civil award during an upcoming visit to the Gulf State.
BML Disburses USD 7.5 Million Loans to Large Businesses
According to the latest statistics by the Ministry of Finance, Bank of Maldives (BML) has issued 377 loans that total to...
LATEST ARTICLES
TGST Hike Comes into Effect: Tourism Sector Now Subject to 17% Rate
The Tourism Goods and Services Tax (TGST) in the Maldives has officially increased from 16 percent to 17 percent as of today,...
Diversifying Dollar Access: MIB’s Untapped Potential to Serve Maldivians
For years, the Bank of Maldives (BML) has carried the burden of being the country’s primary source of US dollar services for...
Maldives Signs Investment Residency Deal: What It Means for the Economy
The Government of Maldives has signed an agreement with global investment migration firm Henley & Partners to establish the country’s first-ever residence...
Solar City, Residence by Investment Programme Among Key Deals at Business Forum
The Maldives–Singapore Business Forum 2025, held at Capella Singapore, brought together over 200 delegates, including high-ranking government officials, international investors, and leading...
PCB Appoints Directors to Support State-Backed Development Bank
The Privatisation and Corporatisation Board (PCB) has appointed four members to the Board of Directors of the newly established Development Bank of...
