Maldives Receives Financial Relief as India Defers T-Bill Repayment
India has granted a one-year extension on a USD 50 million Treasury Bill issued by the Maldives government, offering crucial liquidity support as the island nation navigates economic and fiscal reforms. The Treasury Bill, which matured on 12 May 2025, has been rolled over through the State Bank of India (SBI), Malé, under a government-to-government arrangement.
Gov’t Eyes 1.52M Tonne Emission Cap, Says Minister
The Maldives is intensifying efforts to reduce carbon emissions through a nationwide expansion of renewable energy, according to statements made by Minister of Tourism and Environment Thoriq Ibrahim during the International Zero Carbon Islands and Green, Low-Carbon Development Conference held on Monday.
Speaking at the conference, Minister Thoriq outlined the government's aim...
Parliament Approves Aishath Asna Hamdi as Deputy Governor of MMA
Parliament has approved the appointment of Aishath Asna Hamdi as the new Deputy Governor of the Maldives Monetary Authority (MMA), following the resignation of her predecessor Ahmed Imad earlier this year. The confirmation was made during Monday’s sitting, with 73 members voting unanimously in favour.
Asna’s appointment was forwarded by President Dr...
Reeling in Opportunity: The Rise of Sportfishing Tourism in the Maldives
The Maldives, with its blue lagoons and high marine diversity, is re-entering the tourism scene through the adoption of sportfishing. The high popularity of the BurunuBoma Global Sportfishing Tournament 2025 validates the potential of the country to become an international hotspot for sportfishing tourists.
Fishing tourism is experiencing massive expansion globally. The...
Ooredoo Nation Inter-Resort Esports Tournament Wraps Up
Ooredoo Maldives has concluded its first-ever Inter-Resort Esports Tournament, connecting resorts across the country in a virtual competition that spotlighted the growing enthusiasm for gaming in the hospitality sector. Held entirely online, the tournament featured 16 teams from 10 resorts battling it out in popular mobile titles Mobile Legends: Bang Bang (MLBB) and PUBG Mobile.
World Bank Flags USD 1B Debt Risk for Maldives in 2025
The Maldives will face an external debt servicing requirement of USD 1 billion this year, according to the World Bank’s Maldives Development Update – April 2025, raising serious questions about the country’s debt sustainability amid falling reserves and restricted access to global markets. The report paints a sobering picture of a country edging closer to a potential...
No Singapore Travel Advisory Against Maldives, Says Foreign Ministry
The Ministry of Foreign Affairs has refuted reports suggesting that the Singaporean government had issued a travel advisory against the Maldives, stating that no such warning has been made in recent times.
The clarification came in response to local media coverage and social media posts claiming that Singapore had urged its citizens...
Maldives 2.0 Summit Concludes with National Digital Commitment Presented to President
The ‘Maldives 2.0 Digital Transformation Summit’ concluded with a ceremonial presentation of the National Digital Commitment to President Dr Mohamed Muizzu, marking the end of a three-day conference focused on accelerating the country’s digital transformation.
Held at Barceló Nasandhura Malé, the summit brought together government officials, international delegates, and technology experts to...
Island Aviation Reopens Bid for Maafaru Airport Terminal Expansion
Island Aviation Services Ltd (IASL) has re-announced the opportunity for eligible proponents to submit proposals for the extension of the Maafaru International Airport terminal building, to be undertaken through contractor financing.
The announcement, first made via Gazette Number IAS/MIS/2025-1062 on 7 April 2025, has now been updated to invite fresh Expressions of...
International Flights to Maldives Up 5.4% in First Quarter of 2025
The number of international flights to the Maldives has risen during the first quarter of the year, reflecting the uptick in tourist arrivals during the same period.
Figures published by the Maldives Monetary Authority (MMA) show that international airlines operated 4,880 flights to the Maldives in the first three months of 2025,...
Ooredoo Marks Children’s Day with ‘Juniors on Duty’ Initiative
Ooredoo Maldives marked this year’s Children’s Day with an initiative aimed at empowering and inspiring the next generation. The company welcomed a group of children to take on playful roles as staff members in its Call Centre and Experience Centre under the banner of “Ooredoo Juniors on Duty.”
The event, held on...
Maldives Sees Over 54,000 Tourists in First 10 Days of May
Tourist arrivals to the Maldives during the first ten days of May 2025 reached 54,058, reflecting a 17.6 percent increase compared to the same period in 2024. The figures suggest a strong start to what is typically a quieter month following the end of the high season.
The increase in arrivals builds...
Bank of Maldives Launches Student Debit Card
Bank of Maldives has launched the country’s first student debit card, aimed at helping children gain practical money management skills from an early age. The BML Student Debit Card, introduced at a ceremony held on 10th May 2025 at Hotel Jen, is available to children aged seven and older.
The card, issued...
Electricity Relief Carried Into April, STELCO Confirms
State Electric Company Limited (STELCO) has clarified that electricity bills issued for April 2025 closely resembled those of March in many households due to the continuation of the Ramadan discount.
In a statement released yesterday, the company explained that the special discount—typically applied to bills during the month of Ramadan—was extended into...
Green Tax Haul Doubles in April After Rate Hike
Green Tax revenues for April 2025 more than doubled compared to the same period last year, according to the latest figures released by the Maldives Inland Revenue Authority (MIRA). The surge follows the January 2025 increase in Green Tax rates and suggests short-term gains for government coffers from environmental levies.
Total Green...
Maldivian Expands Domestic Network with Muli Route
Maldivian, the national airline of the Maldives, has announced the launch of direct flights to Meemu Muli, introducing scheduled air connectivity to the atoll for the first time. The new domestic route is set to commence on 17th May 2025.
According to the airline, the service will operate once a week on...
First Tranch of ADK Hospital’s Debut Bond Closes With Full Subscription
ADK Hospital has successfully closed the first tranche of its debut corporate bond, reaching full subscription—a historic first in the Maldives' capital market.
The MVR 50 million tranche, part of a broader MVR 120 million bond programme placed for subscription on April 15, attracted strong interest from the investment community, signalling robust confidence in the hospital’s financial outlook and...
Central Bank Assets Increase by Nearly MVR 900M in April
The Maldives Monetary Authority’s (MMA) Statement of Financial Position for April 2025 reveals a monthly increase in total assets, which rose to MVR 30.97 billion, up from MVR 30.09 billion in March. This growth is largely attributable to a notable rise in foreign currency financial assets and inventory holdings.
Foreign currency assets...
New Direct Flight from Hanimaadhoo to Bangalore to Begin on 15th May
National airline Maldivian will commence a new direct route between Hanimaadhoo and Bangalore on 15th May 2025, introducing a more accessible travel option for residents of the northern atolls.
The new route aims to offer greater convenience for travellers who have historically had to transit through Male’ or other points to reach...
April Revenue Hits MVR 2.6 Billion, Led by GST and Green Tax
Government revenue collection for April 2025 reached MVR 2.60 billion, reflecting a notable 22.7 percent increase compared to April 2024, driven primarily by higher taxes from the tourism sector and revised green tax and airport fees.
The Maldives Inland Revenue Authority (MIRA) reported that USD collections for the month stood at 125.09...
STO Partners with India’s HLL Lifecare to Address Medicine Shortages in Maldives
The State Trading Organisation (STO) has signed an agreement with HLL Lifecare Ltd, a government-owned company in India, to improve the availability of essential medicines in the Maldives.
The country has faced ongoing difficulties in maintaining a consistent supply of certain critical drugs, which has affected healthcare services. The new agreement is...
Dhiraagu Honours Staff Contributions at Annual Awards Night
Dhiraagu has celebrated the efforts of its employees at its annual awards ceremony, held this year at Crossroads Maldives. The event recognised long-serving staff and individuals who demonstrated exceptional commitment and innovation throughout 2024.
A total of 96 employees were honoured, including 53 staff members recognised for their years of service, marking...
Maldives Launches ‘Maldives 2.0’ to Drive Nationwide Digital Transformation
The Maldivian government has launched a new digital initiative, ‘Maldives 2.0’, which aims to overhaul the country’s public service delivery and governance through a comprehensive digital transformation. The plan was officially inaugurated at the Maldives 2.0 Digital Transformation Summit held in Malé on 9th May.
Designed to be implemented over the next...
Tourism Carried the Economy. Again.
The Maldives Monetary Authority’s recently released Annual Report for 2024 paints a deceptively upbeat picture. At first glance, the 5.1% expansion in real GDP might suggest a broad-based economic recovery. Growth has edged up from the 4.7% seen in 2023, and compared to some regional economies, that’s no small feat.
But dig...
LATEST ARTICLES
Maldives Receives Financial Relief as India Defers T-Bill Repayment
India has granted a one-year extension on a USD 50 million Treasury Bill issued by the Maldives government, offering crucial liquidity...
Gov’t Eyes 1.52M Tonne Emission Cap, Says Minister
The Maldives is intensifying efforts to reduce carbon emissions through a nationwide expansion of renewable energy, according to statements made by...
Parliament Approves Aishath Asna Hamdi as Deputy Governor of MMA
Parliament has approved the appointment of Aishath Asna Hamdi as the new Deputy Governor of the Maldives Monetary Authority (MMA), following...
Reeling in Opportunity: The Rise of Sportfishing Tourism in the Maldives
The Maldives, with its blue lagoons and high marine diversity, is re-entering the tourism scene through the adoption of sportfishing. The...
Ooredoo Nation Inter-Resort Esports Tournament Wraps Up
Ooredoo Maldives has concluded its first-ever Inter-Resort Esports Tournament, connecting resorts across the country in a virtual competition that spotlighted the...
