Cold Storage Facility Underway as Part of Broader Food Security Strategy
The State Trading Organisation (STO) is developing a cold storage facility in Malé’s Industrial Village as part of broader government efforts to strengthen food security in the Maldives. The initiative was highlighted by the Minister of Economic Development and Trade, Mohamed Saeed, during a recent appearance on state media.
The facility is being constructed...
Maldivian Youth Demand Climate Action Ahead of COP30
Thirty-seven young people from across the Maldives gathered in Malé to call for urgent action on climate change at the recent 'Youth Track to COP30' event. Organised by UNICEF Maldives in collaboration with the President’s Office and the Ministry of Tourism and Environment, the event provided a platform for youth to voice their concerns and ideas ahead...
Tourism Sector Contracts Sharply in Q2, But Signs Point to Gradual Recovery Ahead
The Maldives’ tourism sector experienced a significant slowdown in the second quarter of 2025, with business activity contracting across almost all key indicators, according to the Maldives Monetary Authority’s (MMA) latest Quarterly Business Survey.
Conducted between 25 June and 14 July, the survey showed that the traditional off-peak season hit harder than usual, as...
New Rules for Tourism Ads in the Maldives: What You Need to Know
The Ministry of Tourism and Environment has introduced a new regulation that affects how tourist establishments can advertise in the Maldives. Gazetted on 4 August 2025, the Regulation on the Advertising of Establishments that Provide Services to Tourists is now in effect and applies to a wide range of operators in the tourism industry.
Here’s what...
Ooredoo Maldives Receives Bronze Stevie for Employer of the Year
Ooredoo Maldives has been awarded the Bronze Stevie® Award for Employer of the Year – Telecommunications at the 2025 Asia-Pacific Stevie Awards, a recognition of the company’s efforts to cultivate an inclusive, engaging, and people-first workplace.
The Asia-Pacific Stevie Awards are regarded as one of the region’s most prestigious business awards programmes, honouring innovation...
Aséria’s Garden Dwellings: Where Customisable Meets Duplex Living
Within the larger vision of Aséria, a residential development on the northeastern edge of Hulhumalé Phase 2, the Garden Dwellings introduce a new approach to flexible, multi-unit living. As one of three distinct home types in the community, these duplex-style residences combine privacy, adaptability, and shared green space in a way that responds to how people live,...
GAGE Turns 15: From Protective Services to National Recognition
GAGE Maldives has celebrated its 15th anniversary with a commemorative ceremony held at Barcelo Nasandhura Malé, highlighting its transformation from a boutique protective services provider into one of the most diversified safety and security firms in the country.
Founded on 21 July 2010 by former Police Commissioner Abdulla Riyaz, GAGE began with a singular...
CTI Maldives Launches Corporate Readiness Programme for Maldivian Youth
The Corporate Training Institute Maldives (CTI Maldives) has opened enrolment for its newly launched ‘Corporate Readiness Program’, aimed at preparing Maldivian youth for real-world challenges in the modern workplace. The three-month programme is tailored for teenagers aged 16 to 20 and is designed to bridge the gap between academic learning and professional expectations.
Over...
July Economic Update Reveals Divergence Between Recurrent Spending and Reserve Growth
The latest Economic Update by the Maldives Monetary Authority (MMA) shows signs of persistent pressure on public finances, as debt levels remain high and spending patterns reflect a shift towards recurrent obligations. Meanwhile, monetary indicators point to expanding liquidity in the system, with commercial banks increasing lending to households and businesses.
According to the...
Government to Launch Essential Commodity Price Index to Track Food Inflation
The government is preparing to launch a new Essential Commodity Price Index (ECPI) to track the prices of 162 key goods, as part of broader efforts to improve oversight of cost-of-living pressures. The ECPI is being developed by the National Bureau of Statistics and is expected to be made public within days.
Unlike the...
Gov’t Rolls Out Tourism Trust Fund and New Advertising Guidelines
The Maldivian government has introduced a set of new regulations aimed at improving transparency and accountability in the tourism sector, including the formal establishment of a Tourism Trust Fund and the tightening of rules around tourism advertising.
Announced on Monday by the Ministry of Tourism and Environment, the Tourism Trust Fund is positioned as a...
MMA Report Shows Easing Inflation, But Food and Dining Costs Still Rising
The Maldives recorded an inflation rate of 3.8 percent in June 2025, a notable drop from 4.6 percent the previous month, according to the latest Economic Update from the Maldives Monetary Authority (MMA). While the headline figure indicates a cooling trend, the underlying data points to sustained cost pressures in key areas of daily spending.
Proposed Amendment Grants MMA Power to Penalise Unlicensed Payment Operators
The Maldives Monetary Authority (MMA) has proposed a sweeping amendment to the National Payment System Act that would impose fines ranging from MVR 100,000 to MVR 10 million on entities operating payment services without a valid licence.
The amendment, submitted by PNC MP Adam Shafeeq on behalf of the government, aims to give the...
Maldives Sees 11.5% Growth in Tourist Arrivals for July 2025
Tourism arrivals to the Maldives rose to 186,738 in July 2025, marking an 11.5 percent year-on-year increase compared to the same period in 2024. This growth trend continues the positive momentum seen throughout the year, as the total number of tourists crossed 1.31 million by 3rd August.
The July average stood at just over...
Ooredoo Maldives Partners with Amana Takaful to Offer Free Home Assets Insurance with All New SuperNet Connections
Ooredoo Maldives has partnered with Amana Takaful Insurance to launch a new benefit for customers signing up for its SuperNet service. Throughout August, every new SuperNet connection will come with a complimentary Home Assets Insurance package, offering protection for household items at no additional cost.
This initiative provides coverage for furniture, electronic appliances, clothing,...
Shake-up at MMA’s Financial Intelligence Unit Raises Questions About Central Bank Autonomy
The head of the Maldives Monetary Authority’s Financial Intelligence Unit (FIU), Abdulla Ashraf, was removed from his position and reassigned to lead the Risk and Compliance Department last Thursday. His replacement, Ismail Sajid, will formally take over as FIU head this week.
According to the central bank, the decision is part of broader structural...
Corporate Maldives Magazine August 2025 Edition Now Published
Corporate Maldives has published the August 2025 edition of the Corporate Maldives Magazine. As a quarterly print publication, we remain committed to spotlighting key players and developments shaping the Maldivian business landscape.
In this issue, our Corporate Maldives Spotlight shines on Ooredoo Maldives, marking 20 years since the company first entered the market. From transforming connectivity across the...
Dhiraagu Launches New Speedboat Giveaway, Offering Two Vessels Over One-Year Promotion
Dhiraagu has announced the launch of its latest customer giveaway campaign, 'Enrol & WIN 2 Speedboats', continuing its annual tradition of high-value prize promotions. The announcement was made at a press conference held at the company’s headquarters.
The promotion, now in its third consecutive year following previous Tesla and speedboat giveaways, offers Dhiraagu Prepaid,...
UNESCO Report Highlights Opportunities and Gaps in Maldives’ AI Readiness
The Maldives has taken a major step in preparing for the age of artificial intelligence (AI) with the publication of its first national AI Readiness Assessment Report, produced in collaboration with UNESCO. The report presents a mixed picture: while progress has been made in laying the groundwork for ethical and inclusive AI, the country faces substantial challenges...
Gov’t Conducts Training for State Agencies Amid Spending Reform Push
The Ministry of Finance has wrapped up a three-day training programme aimed at strengthening public financial management across state institutions in the Greater Malé Region. The sessions, held under the guidance of the Public Finance Institute, concluded on Saturday evening and brought together 168 participants from 51 different government agencies.
The training comes at...
Ooredoo Maldives Connects Waldorf Astoria Ithaafushi with Submarine Cable, Creating Maldives’ First Private 5G Island
Ooredoo Maldives has completed the first-ever submarine cable landing at a Maldivian resort, linking the ultra-luxury Waldorf Astoria Maldives Ithaafushi to its wider fibre network. The development marks a significant leap in digital infrastructure for the nation’s tourism industry, positioning the island as the country’s first private 5G-enabled resort.
The cable, which runs through...
Real GDP Growth Improves, but MMA Forecasts Trimmed for 2025
Maldives’ real economy showed signs of modest acceleration in the first quarter of 2025, with gross domestic product (GDP) expanding by 2.5 percent compared to the same period in 2024. This marked an improvement over the 1.9 percent growth recorded in the final quarter of last year, according to the latest Quarterly National Accounts released by the...
Ooredoo Delivers Q2 Profit, Marks 20 Years of Innovation
Ooredoo Maldives closed the second quarter of 2025 with a net profit of MVR 167.9 million, maintaining its profit margin at 31.1 percent despite a slight dip in gross revenue compared to the previous quarter. The company reported MVR 539.5 million in revenue during the quarter, a 1.3 percent decline quarter-on-quarter and a marginal 0.2 percent decrease...
Maldives Maintains Budget Surplus as Development Spending Stagnates
The Maldives recorded a budget surplus of MVR 1.05 billion as of 17 July 2025, according to the Ministry of Finance’s latest Weekly Fiscal Developments report. The surplus comes against the backdrop of robust revenue growth and subdued capital expenditure, painting a complex fiscal picture midway through the year.
Cumulative revenue and grants reached MVR 20.5...
LATEST ARTICLES
Cold Storage Facility Underway as Part of Broader Food Security Strategy
The State Trading Organisation (STO) is developing a cold storage facility in Malé’s Industrial Village as part of broader government efforts to...
Maldivian Youth Demand Climate Action Ahead of COP30
Thirty-seven young people from across the Maldives gathered in Malé to call for urgent action on climate change at the recent 'Youth...
Tourism Sector Contracts Sharply in Q2, But Signs Point to Gradual Recovery Ahead
The Maldives’ tourism sector experienced a significant slowdown in the second quarter of 2025, with business activity contracting across almost all key...
New Rules for Tourism Ads in the Maldives: What You Need to Know
The Ministry of Tourism and Environment has introduced a new regulation that affects how tourist establishments can advertise in the Maldives. Gazetted...
Ooredoo Maldives Receives Bronze Stevie for Employer of the Year
Ooredoo Maldives has been awarded the Bronze Stevie® Award for Employer of the Year – Telecommunications at the 2025 Asia-Pacific Stevie Awards,...
