Report: Bank of Maldives Faces Erosion of Public Trust Amid Ongoing Scandals and Controversies
For years, the Bank of Maldives (BML) has faced mounting criticism from the public over its handling of various financial issues, ranging...
Report: Unravelling the Economic Fragility of the Maldives
The Calm Before the Storm
The Maldives, often perceived as a tropical haven, is on the brink of an...
Report: Maldivians Still Overlooked in Resort Jobs Despite Localisation Efforts
The Maldivian hospitality industry remains one of the largest employers in the country, yet systemic biases continue to limit the representation of...
Report: The Economic Impacts of Climate Change on the Maldives’ Fisheries Industry
The Maldives heavily depends on its fisheries sector, which plays a critical role in the nation’s economy and livelihoods. As a primary...
Report: Maldives’ Foreign Exchange Regulations Spark Debate Among Tourism Stakeholders
The Maldives Monetary Authority (MMA) has recently implemented significant changes to the nation’s foreign currency regulations, aiming to address persistent foreign exchange...
Report: Misleading Marketing in Maldives Tourism Exposes Regulatory Failures
Gaps in tourism regulations have allowed businesses to market themselves in ways that contradict their official classifications. The lack of strict oversight...
Can Blue Carbon Credits Save the Maldives from Climate Crisis?
The Maldives, renowned for its picturesque islands and vibrant marine life, faces an existential challenge as climate change accelerates sea level rise...
Report: Navigating Low Season, Maldives Tourism Confronts New Realities and Opportunities
The Maldives, known for its luxury resorts and pristine beaches, was among the first countries to reopen its borders after the COVID-19...
Can Cricket Heal the Maldives’ India Tourism Crisis?
The Maldives’ tourism industry has been thriving with record visitor numbers, yet one notable weak spot has emerged: tourist arrivals from...
Report: The Shadow Economy, Undocumented Workers and the Hidden Cost to the Maldives
For years, the Maldives has faced an entrenched problem—undocumented migrant workers. An estimated 60,000 labourers, working outside the bounds of legality, have...
Report: Maldives Construction Industry Grapples with Debt, Dollar Scarcity, and Stagnation
The Maldivian construction sector, which contributes significantly to the nation’s GDP, is under immense pressure due to a combination of economic factors...
Report: Maldives Resorts’ Tax Evasion Practices Persist as Government Introduces Tougher Measures
The Maldives government is ramping up efforts to tighten the noose on tax evasion within its lucrative tourism sector. As Parliament reviews...
Report: Behind the Fluctuating US Dollar in the Maldives
The Maldivian rufiyaa has recently gained ground against the US dollar, prompting Economic Minister Mohamed Saeed to call for the release of...
Report: Maldives Grapples with Dollar Crisis as Public Debt Surpasses MVR 135 Billion
The Maldives is facing a severe dollar crisis that has ignited intense discussions among government officials, business leaders, and citizens. The escalating...
Report: MTCC Expansion, a Double-Edged Sword for the Maldives’ Economy
The proposed expansion of the Maldives Transport and Contracting Company (MTCC) reveals a complex tension within the nation's economy. The state-owned enterprise,...
Report: Maldives’ Year in Review – Major Economic Developments of 2024
The year 2024 marked a significant chapter for the Maldivian economy, with notable achievements in the tourism sector tempered by ongoing concerns...
Report: The Battle for Quality, How Low-Quality Products are Undermining Consumer Health in the...
In the Maldives, a growing concern is emerging among consumers who prioritise the health and well-being of their families over cost. The...
Report: Prioritising Completion Over Expansion, Rethinking Maldives’ Tourism Development
The Maldives is at a critical juncture in its tourism strategy. Despite a decade-long surge in tourist arrivals, the nation now faces...
Report: Maldives’ Subsidy System, A Lifeline for the People or a Boon for the...
The Maldives' economy relies heavily on state subsidies to ease the cost of living for its citizens. From healthcare and electricity to...
Report: Unfulfilled Promises, The Unused Lands of the Maldives and the Cost of Political...
Land reclamation has long been a cornerstone of government projects in the Maldives, touted by successive administrations as a solution to housing...
Report: Maldives Sets Sail Towards Economic Diversification with Bunkering Ambitions
The Maldives is charting a new course in its economic journey. In a bold move to diversify its tourism-dependent economy, the government...
Report: Decentralisation in the Maldives, An Economic Perspective
Decentralisation in the Maldives, introduced with high hopes and expectations, remains a contentious topic. The idea behind decentralisation is to bring governance...
Report: Punching Above its Weight, The Maldives’ Role in Multilateralism and the United Nations
With a population of around 520,000 people, the Maldives is one of the smallest nations on the planet, both in terms of...
Report: Mitigating Brain Drain, Economic Impacts and Solutions for the Maldives
Brain drain, the emigration of highly skilled professionals, poses significant economic challenges for the Maldives. The departure of doctors, engineers, educators, and...
LATEST ARTICLES
President Muizzu Pledges Written Housing Guarantee for All Eligible Citizens by Year-End
President Dr Mohamed Muizzu has reaffirmed his administration’s commitment to addressing the Maldives’ housing crisis, announcing a bold initiative that will see...
Ministry Invites EOIs for Kinbidhoo–Veymandoo Causeway and Elaa Tourism Island Project
The Ministry of Construction, Housing and Infrastructure (MCHI) on Thursday invited Expressions of Interest (EOIs) for a major infrastructure project linking Thaa...
Electricity Bills Set to Drop as New Tariffs Roll Out
President Dr Mohamed Muizzu announced yesterday that he has instructed the relevant authorities to reduce electricity tariff rates for the domestic category,...
Dhiraagu Introduces Affordable Roaming Packages for 46 Countries
Dhiraagu has unveiled a new range of affordable roaming packages, offering seamless connectivity for customers travelling to 46 countries. This latest initiative...
President Establishes New State-Owned Infrastructure Development Company
President Dr Mohamed Muizzu officially established a new state-owned enterprise, Infrastructure Development Solution Company Limited, under Article 15 of the Companies Act...
