Economy

Rufiyaa Slides Past MVR 21 as Reserves Fall and Debt Bills Come Due

The black market price of a US dollar in the Maldives climbed above MVR 21 this week for the first time on record. The...

MIRA Revenue Slips in May Even as Tourist Arrivals Recover, Exposing a Widening Gap Between Visitor Numbers and Tax Income

The Maldives Inland Revenue Authority collected 2.05 billion rufiyaa in May 2026, a figure that came in slightly below official projections and marked a...

President Dr Mohamed Muizzu Opens Maldives Financial Expo 2026 in Hulhumalé

President Dr Mohamed Muizzu inaugurated the Maldives Financial Expo 2026 on Thursday morning at Central Park in Hulhumalé, opening what organisers describe as the...

Bank of Maldives Seeks First Dollar Sukuk as Middle East War Weighs on Tourism

Bank of Maldives Plc, the country's largest lender, is holding meetings with global investors to gauge demand for its first foray into international capital...

President Muizzu’s Vision Delivers PayPal to Maldives, Unlocking a New Era of Opportunity

The arrival of PayPal in the Maldives stands as a landmark achievement of President Dr. Mohamed Muizzu's leadership, with a global financial giant placing...

President Muizzu: PayPal Launch Clears the Way for Maldivians to Compete Worldwide

President Dr. Mohamed Muizzu has urged Maldivian creators and innovators to seize a newly opened path to establish themselves in international markets, following the...

Tourism Tax Lifts Maldives State Revenue to 19.1 Billion Rufiyaa in 2026

The Maldives recorded a sharp rise in government income during the first months of 2026, driven largely by stronger receipts from the tax levied...

President Muizzu Delivers on Promise as PayPal Officially Launches in the Maldives

President Dr. Mohamed Muizzu has delivered on yet another key promise, with PayPal now officially available in the Maldives. The President personally launched the...

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...

Bangkok Airways and Air India Pause Maldives Flights as Fuel Crisis Reshapes Regional Aviation

The Maldives is facing renewed pressure on its air connectivity after two carriers, Bangkok Airways and Air India, suspended service on routes linking the...

UK Lifts Tuna Tariffs in Major Win for Maldives’ Sustainable Pole-and-Line Fishery

The United Kingdom has suspended import tariffs on tuna effective 20 May 2026, delivering a long-awaited boost to the Maldives' pole-and-line tuna industry and...

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,...

Government Launches Two-Day Forum in Addu to Tackle Business Barriers and Chart Southern Economic Strategy

The Ministry of Economic Development, Transport and Trade opened the Addu Business Dialogue this week, a two-day forum bringing together private sector operators and...

MOST READ

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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