Business

Fitch Upgrades Maldives Credit Rating to ‘CCC-‘ After Sukuk Repayment Eases Default Risk

Fitch Ratings raised the Maldives' long-term foreign-currency credit rating to 'CCC-' from 'CC' on Wednesday, signaling that the threat of an imminent default has...

Naagoashi resort development accelerates as mockup rooms near completion

Development work on the tourist resort of Naagoashi in the Haa Dhaalu Atoll is advancing rapidly, Ahmed Niyaz, the Managing Director of the Maldives...

Maldives Pushes to Seal Free Trade Pact With India by End of 2026, Says Foreign Minister Iruthisham Adam

Maldives Foreign Minister Iruthisham Adam has signalled a firm push to conclude a long-anticipated Free Trade Agreement with India before the close of 2026,...

U.S. starts collecting Trump’s 10% tariff, upending global trade

U.S. customs agents began collecting President Donald Trump's unilateral 10 percent tariff on all imports from many countries on Saturday, with higher levies on...

China willing to expand all-round cooperation with ADB: Chinese premier

Chinese Premier Li Qiang met with Asian Development Bank (ADB) President Masato Kanda on Monday in Beijing, expressing willingness to further expand all-round cooperation...

Policies in place to ensure affordable prices for fruits and vegetables: President

President Dr Mohamed Muizzu has announced that the Administration is implementing policies to ensure affordable prices for fruit and vegetables, while speaking on Rayyithunnaa...

BML expands Guest House Financing to Haa Alifu Atoll

Bank of Maldives (BML) has launched its Guest House Financing programme in Haa Alifu Atoll to support local tourism and entrepreneurship. The initiative was...

Nominations Open for Pension Office Board

Nominations have been open for a position on Maldives Pension Administration Office (MPAO) board of directors. MPAO is seeking to fill the vacancy of one...

Gov’t Repays Costly USD100 Million Loan to Foreign Agency

The Ministry of Finance and Planning has repaid a USD100 million loan taken from a foreign financial agency during the previous Maldivian Democratic Party...

SDFC to open applications for ‘Viyafaari Ehee’ loan on March 16

The SME Development Finance Corporation (SDFC) has announced that applications for the Viyafaari Ehee loan will open on March 16, 2025. This initiative is designed...

Maldives Greets Over 570 Cruise Passengers from Seychelles

The Maldives welcomed more than 570 visitors on 8 March with the arrival of the cruise ship MS Insignia from the Seychelles. The arrival...

Across China: SW China’s pumpkins go global, boosting rural export

Yang Chuang, a farmer in a remote village in southwest China's Guizhou Province, harvested over 700 tonnes of pumpkins last year, which were processed...

MTCC to Open Henveiru and Hulhumale’ Ferry Terminals to Public Operators

The Maldives Transport and Contracting Company (MTCC) has announced that the Henveiru Ferry Terminal and Hulhumale’ Ferry Terminal will be opened to public ferry...

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Maldives Sees Rise in Resort, Safari Occupancy

Statistics have shown that resort occupancy rates increased in...

Maritime, Aviation Development Key to Tourism Growth, says MACL Chief

The growth of the tourism sector is dependent on...

Minister Urges More Oversight from Four Pillars of Gov’t, People to Strengthen Decentralised Governance

The Minister of Cities, Local Government and Public Works,...

2025 to be a year of development project launches and economic recovery: The President

President Dr Mohamed Muizzu has stated that 2025 will...

Maldives Sends Condolences to Vanuatu Following Devastating Earthquake

Minister of Foreign Affairs Dr Abdulla Khaleel has sent...
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