Maldives Matters

The Abu Dhabi Fund for Development has provided an additional $40 million (MVR 616 million) to the Maldives for the ongoing development of Velana I…

Fenaka Corporation, the state-owned utility company responsible for providing electricity and water across the Maldives, is currently grappling with…

Global credit rating agency Moody’s has upheld the Maldives’ credit rating at Caa2 , highlighting the government's ongoing financial reforms to…

A significant wave of concerns has emerged from the Maldives' resort and tourism industry over a newly enforced regulation requiring tourist es…

A growing financial crisis is unfolding within the Housing Development Corporation (HDC), with over MVR 1.2 billion owed by several private compan…

The Parliament Budget Committee has approved the MVR 56.6 billion budget for 2025 , with no revisions, contingent on the government providing deta…

The Drivers Association has formally called upon Parliament to intervene in the Transport Ministry’s decision to transfer Malé-Hulhumalé taxi servi…

The Bank of Maldives (BML) has announced impressive financial results for the third quarter of 2024, recording a significant rise in both profit an…

The Maldivian government has recently proposed a 10% salary reduction for senior officials and political appointees to address economic constraints…

The Maldives is ramping up efforts to shift a substantial portion of its energy consumption to renewable sources, aiming to reduce its reliance on …

In today's parliamentary session, the Government of Maldives presented a supplementary budget of MVR 5.1 billion, marking the first proposal fr…

By the end of September, the Maldives' usable reserve had dropped to USD 49 million, according to statistics released by the Maldives Monetary …

Attorney General Ahmed Usham has announced that amendments to the Maldives Inland Revenue Authority (MIRA) Act will be introduced soon, aimed at …

The Ministry of Finance has announced that the proposed tax hikes presented in Parliament today are expected to generate an additional MVR 2.7 bil…

The U.S. Embassy in the Maldives has partnered with the Maldives Customs Service to bring together government agencies and international experts to…

Tourist arrivals to the Maldives have reached 1.5 million so far this year, according to the latest statistics shared by the Ministry of Tourism. O…

India and the Maldives have agreed to begin discussions to establish a Free Trade Agreement (FTA) between the two countries, Indian Prime Minister …

The introduction of India's RuPay card service in the Maldives today is expected to enhance financial transactions between the two countries an…

Former President Ibrahim Mohamed Solih has urged the government to ensure that public trust in the Bank of Maldives (BML) is not compromised. In a …

Minister of Economic Development and Trade, Mohamed Saeed, announced that the government is committed to expanding opportunities for Maldivian onli…