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: 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...
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: 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...
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: 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: 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: 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: 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: 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: 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: 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: From Volume to Value, Rethinking Success in Maldives Tourism
The Maldives has achieved a significant milestone in its tourism sector, reaching 2 million tourist arrivals in 2024, a record that illustrates...
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: 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
Countdown Begins for Opening of New Terminal at Velana International Airport
Maldives Airports Company Limited (MACL) has officially launched the countdown to the opening of the new passenger terminal at Velana International Airport...
The Promise of Easy Money: How Scams Take Hold in Small Communities
More than 40,000 Maldivians have reportedly invested in GEMCUE (GMCE), a now-exposed pyramid scheme that promised lucrative returns but left investors empty-handed....
Maldives Posts MVR 1.3 Billion Surplus Amidst Weak Capital Expenditure
The latest Weekly Fiscal Developments report by the Ministry of Finance shows a striking divergence between rising government revenue and sluggish expenditure,...
Deputy Speaker Highlights Maldives’ Regional Priorities at South Asia Cooperation Forum
The Maldives is working to overcome the challenges of sustainable development and economic resilience, Deputy Speaker of Parliament Ahmed Nazim said during...
Transport Minister Warns of Imbalance in Pilot Training Versus Employment
The Maldives’ pilot training scholarship scheme has produced hundreds of qualified professionals, but only a fraction have found job opportunities, according to...
