Gov’t to Mobilise State-Run Companies to Complete Delayed Projects
President Dr Mohamed Muizzu has reaffirmed the government’s commitment to resuming and completing stalled development projects across the Maldives, with a focus...
STO Reports MVR 218 Million Net Profit in Q4 2024
State Trading Organization (STO) plc has reported a net profit of MVR 218 million for the fourth quarter of 2024, with total...
State-Owned Enterprises Ordered to Cap Directors’ Salaries at MVR 90,000
The Privatisation and Corporatisation Board (PCB) has ordered a salary cap of MVR 90,000 for the heads of state-owned enterprises (SOEs) as...
Maldives and Saudi Arabia Reaffirm Strong Bilateral Ties in Riyadh Talks
The Minister of Foreign Affairs of the Maldives, Dr Abdulla Khaleel, met with his Saudi counterpart, His Highness Prince Faisal bin Farhan...
SIMDI Group Celebrates 24 Years of Excellence and Growth
SIMDI Group marked its 24th anniversary, celebrating nearly a quarter-century of growth, innovation, and commitment to the Maldivian market. The milestone was...
Ihavandhoo Fisheries Complex to Create 150 Jobs, Strengthen Industry
The Fisheries Complex being developed in HA. Ihavandhoo is expected to generate 150 jobs and enhance the Maldivian fishing industry, according to...
Maldives and India Forge Ahead with Economic and Security Partnership
The first meeting of the High-Level Core Group (HLCG) between the Maldives and India was held in Male'. The meeting, convened to...
Gov’t Pushes for Foreign Exchange Compliance as USD 25 Million Enters Banks
President Dr Mohamed Muizzu has announced that over USD 25 million has been deposited and exchanged with local banks within a month...
New HPA Regulation Mandates Stricter Safety Measures for Fibre Workplaces
The Health Protection Agency (HPA) has introduced new safety regulations for workplaces involved in fibre-related work, with non-compliant businesses facing fines of...
Rashu Expo 2025: A Tourism Spotlight Event
The Rashu Expo 2025, scheduled from 13th to 15th February 2025 at Hulhumalé Central Park, aims to bring together guesthouses, hotels, and resorts from the...
Gov’t Unveils Mega Housing Development Initiative Across the Nation
The Maldivian government has unveiled an ambitious Public Housing Project to construct over 12,000 housing units across 57 islands. Spearheaded by the...
Foreign Minister Seeks to Enhance Maldives-Saudi Cooperation in Trade and Investment
The Minister of Foreign Affairs of the Republic of Maldives, Dr. Abdulla Khaleel, has commenced an official visit to the Kingdom of...
Maldives Seeks Closer Alignment with China in Message Marking Lunar New Year
On the occasion of the Chinese New Year, President Dr Mohamed Muizzu emphasised the Maldives' commitment to fortifying ties with the People’s...
High Input Costs Stagnate Growth in the Maldives Construction Sector
The Maldives construction sector continues to face significant challenges, as rising input prices and stagnant output prices hinder growth. According to the...
Maldives and Saudi Arabia Explore Opportunities in Real Estate Development
Minister of Construction, Housing & Infrastructure, Dr. Abdulla Mutththalib, has held a bilateral meeting with Saudi Arabia’s Minister of Municipalities and Housing,...
Favara Expands: HBL, CBM, and Dhiraagu Fintech Onboarded
The Maldives Monetary Authority (MMA) has announced the onboarding of three new participants to its Instant Payment System, Favara. Habib Bank Limited...
Low-Interest Loans to Drive Tourism Growth
The government has announced a series of economic initiatives aimed at driving tourism development and expanding opportunities in the northern atolls. President...
Indian High Commission Hosts Reception to Mark 76th Republic Day
The Indian High Commission in Maldives hosted a reception on Monday evening to celebrate India’s 76th Republic Day. The event, featuring vibrant...
Maldives Ends 2024 with +4.80% Annual CPI Growth, Tobacco Leads Gains
The Maldives Bureau of Statistics has reported a +1.11% increase in the Consumer Price Index (CPI) for December 2024 compared to the...
Tourism Minister Faisal Dismissed, Economic Minister Saeed Steps In
Tourism Minister Ibrahim Faisal has been dismissed from President Dr Mohamed Muizzu’s cabinet, with the portfolio temporarily assigned to Economic Development Minister...
Maldivian Travellers to Require UK ETA for Travel Starting January 2025
From 8 January 2025, Maldivian travellers are required to obtain an Electronic Travel Authorisation (ETA) before visiting the United Kingdom. This new system, introduced by...
How the Maldives-China FTA Attracts Foreign Investment
The Free Trade Agreement (FTA) between the Maldives and China, which came into effect on 1 January 2025, includes a comprehensive investment chapter...
Maldives and India Discuss Agricultural Cooperation and Food Security
The Maldives and India have explored potential avenues for cooperation in developing the agricultural sector of the Maldives during discussions held between...
CMC Denies Arbitration Rumours Over RasMale’ Reclamation Project
Sri Lanka’s Capital Marine and Civil Construction Company (CMC) has denied rumours that it is filing an arbitration claim for compensation related...
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...
