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: 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: An Island Nation’s Hunger, Can the Maldives Cultivate Food Security in a Sea...
Nestled amidst turquoise waters, the Maldives archipelago evokes images of paradise. Yet, beneath the idyllic surface lies a vulnerability - a dependence...
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: 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: 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: 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: 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: 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...
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: 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 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: 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: 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: 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: 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...
Report: State Burdened by Retirement Allowances for Former Presidents, Parliament Members, and Judges
Under the Parliamentary Privileges and Powers Act (Act no: 5/2013), MPs completing one term are entitled to a retirement allowance of 30%...
Report: Rising Energy Costs, Advocating for Enhanced Renewable Energy Incentives
Residents of Malé City have seen a significant rise in their electricity bills, creating a financial burden for many households. This situation...
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: The Costly Economics of Parliamentary Elections in Maldives
As the fervour of the parliamentary campaign reaches its zenith in the Maldives, a glaring reality emerges from the shadows - the...
Financial Literacy: Empowering Maldivians Through Education and Awareness
In the rapidly evolving global economy, financial literacy has become an essential skill for both individual well-being and national economic stability. The...
Report: New Housing Loan Scheme, Ambitious Vision or Economic Gamble?
The Maldivian government's recent launch of the 'Hiyaavahi' finance scheme has been hailed by many as a significant step towards addressing the...
LATEST ARTICLES
Report: Promises Unfulfilled, President Muizzu’s First Year in Office
One year ago, President Dr Mohamed Muizzu assumed office amidst high hopes and towering promises to revitalise the Maldivian economy and streamline...
Maldives Pension Administration Office Recognised at ISSA Good Practice Awards 2024
The Maldives Pension Administration Office (MPAO) has been recognised for its innovative approaches to pension management at the International Social Security Association...
Gov’t Expenditure Rises Amid Declines in Development Spending
According to the latest Weekly Fiscal Developments report published by the Ministry of Finance, the Maldives government’s expenditure rose by MVR 756 million as...
Maldives Seeks Commissioner of Reform to Lead Economic Overhaul
The Ministry of Finance has released detailed terms of reference for the position of Commissioner of Reform, who will head the newly...
President Muizzu Lauds High Commissioner Mahawar’s Contributions to Bilateral Partnership
The High Commissioner of India to the Maldives, Munu Mahawar, made a farewell call on President Dr Mohamed Muizzu as his diplomatic...
