Report: Economic Reforms or Executive Decrees? A Look at Parliament’s Role

As the People’s Majlis reconvened for its fourth session today, the previous term’s legislative actions come under scrutiny. The third session of 2024 saw a wave of amendments and new laws aimed at shaping the Maldivian economy. However, the effectiveness of these measures and the nature of parliamentary debate raise critical questions about whether the legislative body...

President Muizzu’s Economic Vision: What He Said About the Economy in Today’s Address

President Dr Mohamed Muizzu delivered his Presidential Address at the opening session of the People's Majlis for 2025, outlining his government’s approach to economic development. His remarks touched on various aspects of the economy, including financial stability, investment incentives, tourism expansion, infrastructure, and digital transformation. Economic Growth and Currency Stability

Ooredoo Maldives Announces Record Date for 2025 AGM and Dividend Eligibility

Ooredoo Maldives has announced that its Annual General Meeting (AGM) for 2025 is scheduled to take place in March. The record date for shareholder eligibility, including attendance and dividend entitlement for the financial year 2024, has been set for Tuesday, 18 February 2025, at 14:00 hours. Shareholders listed in the company’s registry by this date will have the right...

MMA Reports Growth in Assets and Equity in January 2025

The Maldives Monetary Authority (MMA) recorded an increase in its total assets and equity in January 2025, reflecting stable financial health. The latest figures show that while both assets and liabilities have grown compared to the previous month, the central bank remains in a strong position, with its assets exceeding its liabilities. Understanding...

High Court Grants Stay Order in Government’s Appeal Against Chang Hua Tax Ruling

The Maldives High Court has issued a stay order on a Civil Court ruling that required the government to compensate Singapore’s Chang Hua Construction for taxes paid on the Dharumavantha Hospital project. The ruling, initially issued by the Civil Court in March 2024, ordered the government to reimburse MVR 227,560 in Goods and Services Tax (GST) to...

Maldives and Ireland Deepen Cooperation in Sustainable Tourism and Climate Action

The Maldives and Ireland are enhancing their bilateral relations, focusing on tourism, environmental sustainability, and climate change. This development follows a recent meeting between the Ambassador of Ireland to the Maldives, Kevin Kelly, and the Maldivian Minister of Tourism and Environment, Thoriq Ibrahim. During the meeting, both parties explored avenues for collaboration in promoting...

Maldives-India Talks Focus on Speeding Up Thilamale’ Bridge Project

Minister of Construction, Housing and Infrastructure Dr Abdulla Muththalib and the Indian High Commissioner to the Maldives, G Balasubramanian, have discussed expediting the progress of the Thilamale’ Bridge project, the largest infrastructure initiative currently underway in the country. The project, valued at USD 500 million, is funded through a USD 100 million grant from...

Veligaa Hardware and Blanc Launch Ramadan Sale with Up to 50% Discounts

Veligaa Hardware and Blanc have announced the launch of their annual Ramadan Sale, offering discounts of up to 50%. The promotion, which began on February 5, will run throughout the month of Ramadan, providing customers with exclusive deals and prizes. As part of the campaign, customers will receive a coupon for every transaction made...

Former Deputy Police Commissioner Mohamed Rishwan Takes Helm at MPL

Mohamed Rishwan, a former deputy commissioner of police, has been appointed as the new managing director of Maldives Ports Limited (MPL). The Privatization and Corporatization Board (PCB) confirmed his appointment on Wednesday. Rishwan brings experience from both military and law enforcement backgrounds, having served in the Maldives Police Service until his retirement in 2011,...

Maldivian Looks to Strengthen Regional Presence with New Agent Partnerships

Maldivian, the national airline of the Maldives, is seeking agents in Bangkok, Thailand, and Kuala Lumpur, Malaysia, as it looks to expand its newly launched wide-body operations. The airline has opened the opportunity for interested partners in these two cities until Tuesday. This move follows Maldivian’s recent commencement of flights to China with its...

Maldives Sets New Climate Targets in Third Climate Action Plan

The Maldives has presented its Third Climate Action Plan, reaffirming its commitment to global climate leadership. Minister of Tourism and Environment Thoriq Ibrahim stated that the plan reflects the country’s dedication to addressing climate change and strengthening its international standing. Speaking at a workshop held to introduce the new plan, Minister Thoriq highlighted its...

Gov’t Records MVR 491.5 Million Surplus, but Capital Spending Lags

The Maldives recorded a fiscal surplus in the first three weeks of 2025, with revenue outpacing expenditure despite significant variations in government spending across sectors. According to financial data for the period from 1st to 23rd January, the cumulative revenue and grants stood at MVR 1,337.9 million, while expenditure totalled MVR 846.4 million, resulting in a surplus of MVR 491.5...

Visit Maldives Week in Russia Begins as MMPRC Targets Key Market

Maldives Marketing and Public Relations Corporation (MMPRC) has launched its first major tourism promotion initiative for 2025, kicking off the “Visit Maldives Week” in Russia. The event, held in collaboration with 22 representatives from 14 Maldivian tourism companies, aims to strengthen the Maldives’ presence in one of its largest source markets. Spanning three key...

Crackdown on Undocumented Migrants Sees Shift Towards Legalisation

The Maldivian government’s initiative to address undocumented migration has seen strong participation, with most expatriates opting to legalise their status rather than face deportation, according to Maldives Immigration. Authorities have intensified efforts to regulate the presence of undocumented workers in the country, launching a series of inspections and enforcement actions. A special task force,...

Maldives Eyes China Market for Fish Exports via National Airline

Discussions have taken place to explore the possibility of exporting Maldivian fish products to China using the national carrier’s newly acquired wide-body aircraft. The talks involved the Ministry of Fisheries and Ocean Resources, Maldives Industrial Fisheries Company Ltd (MIFCO), Maldives State Shipping (MSS), Maldivian, and key stakeholders from the fisheries sector. The Fisheries Ministry...

President Muizzu Reaffirms Maldives-Sri Lanka Ties on Independence Day

On the occasion of Sri Lanka's Independence Day, President Dr Mohamed Muizzu extended greetings to President Anura Kumara Dissanayake, Prime Minister Dr Harini Amarasuriya, and the people of Sri Lanka. In his messages, President Muizzu highlighted Sri Lanka’s resilience and determination in its pursuit of national progress and unity. Reflecting on the longstanding ties...

Maldives Faces Surge in Cancer Diagnoses as Healthcare Struggles to Keep Up

As the Maldives observes World Cancer Day 2025 under the theme “United by Unique”, the reality on the ground is sobering—cancer cases in the country are rising at an alarming rate, with more people diagnosed each year and an increasing number requiring treatment. According to the Health Protection Agency (HPA), around 200 new cancer patients...

ACC Raids Polco Office Over Alleged Corruption in Police Flats Project

The Anti-Corruption Commission (ACC) launched an investigation into allegations of corruption in the development of police housing, raiding the offices of Polco yesterday. A police spokesperson confirmed to the media that ACC officers were present at Polco’s office, located at Iskandharu Koshi, as part of the inquiry. The probe follows an audit report from...

MMPRC Showcases the Maldives at OTM Mumbai, Eyes Growth in Indian Market

The Maldives Marketing and Public Relations Corporation (MMPRC), alongside 38 industry partners, presented the "Sunny Side of Life" at OTM Mumbai 2025, one of the largest travel trade events in India and Asia. The event, held from 30th January to 1st February at the Jio World Convention Centre in Mumbai, provided a key platform for the Maldives...

Maldives Records Over 214,000 Tourist Arrivals in January 2025, Up 11.7%

Tourist arrivals to the Maldives continued to rise in January 2025, with official data showing an 11.7% increase compared to the same period in 2024. A total of 214,864 tourists visited the island nation last month, up from 192,385 arrivals in January 2024. This growth reflects the Maldives' sustained appeal as a premier travel...

Maldives’ Health Minister Urges Global Support for Climate-Related Health Challenges

At the 156th session of the World Health Organization's (WHO) Executive Board in Geneva, Switzerland, Maldives' Minister of Health, Abdulla Nazim Ibrahim, called upon major nations to support vulnerable countries in addressing health challenges exacerbated by climate change. The session, held from 3rd to 11th February 2025, serves as a platform for member states to discuss global...

Maldives Showcases Tourism at New York’s Travel & Adventure Show

The Maldives Marketing and Public Relations Corporation (MMPRC), in collaboration with the Permanent Mission of the Republic of Maldives to the United Nations and two industry partners, participated in the Travel & Adventure Show 2025 in New York City. The event, held from January 25th to 26th, featured Centara Grand Island Resort & Spa Maldives and Diamonds...

Investigation Continues as HDC Reverses Some Suspensions

Housing Development Corporation (HDC) has announced that it has lifted the suspension of some employees who were previously suspended in connection with the ongoing criminal investigation into the Gedhoruveriya/Binveriya housing scheme. In December, 15 employees, including senior management members, were initially suspended. They were later terminated from their positions, but within three days, they...

State-Owned Enterprises Report MVR 12 Billion in Revenue for Q2 2024

The latest quarterly report from the Privatisation and Corporatisation Board (PCB) provides an overview of the financial and operational performance of state-owned enterprises (SOEs) in the Maldives. The report analyses key indicators such as revenue, profitability, liquidity, and government contributions to assess the efficiency of SOEs whose quarterly financial statements were received before publication.

LATEST ARTICLES

Report: Economic Reforms or Executive Decrees? A Look at Parliament’s Role

As the People’s Majlis reconvened for its fourth session today, the previous term’s legislative actions come under scrutiny. The third session of...

President Muizzu’s Economic Vision: What He Said About the Economy in Today’s Address

President Dr Mohamed Muizzu delivered his Presidential Address at the opening session of the People's Majlis for 2025, outlining his government’s approach...

Ooredoo Maldives Announces Record Date for 2025 AGM and Dividend Eligibility

Ooredoo Maldives has announced that its Annual General Meeting (AGM) for 2025 is scheduled to take place in March. The record date for shareholder eligibility, including...

MMA Reports Growth in Assets and Equity in January 2025

The Maldives Monetary Authority (MMA) recorded an increase in its total assets and equity in January 2025, reflecting stable financial health. The...

High Court Grants Stay Order in Government’s Appeal Against Chang Hua Tax Ruling

The Maldives High Court has issued a stay order on a Civil Court ruling that required the government to compensate Singapore’s Chang...
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