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Friday, January 17, 2025

Economy

President Dr Muizzu Reaffirms Commitment to Transform Mahibadhoo into Urban Centre

President Dr Mohamed Muizzu has reiterated his administration’s pledge to transform Mahibadhoo, Alifu Dhaalu Atoll, into an urban centre, including the reclamation and development...

Parliament Greenlights Forex Bill to Tackle Foreign Currency Shortage

Parliament on Thursday adopted the government-proposed Foreign Currency Bill (Forex Bill) designed to mitigate the ongoing foreign currency shortage in the country. The bill,...

Government’s Forex Bill Clears Committee Stage

The Public Accounts Committee of the Parliament has endorsed the government-proposed Foreign Currency Bill (Forex Bill), which aims to mitigate the foreign currency shortage...

Maldives Explores Investment Opportunities with Oman

Minister of Foreign Affairs Dr Abdulla Khaleel has met with Sultan bin Salim bin Said Al Habsi, the Minister of Finance of Oman, to...

Tourist Arrival Numbers Cross 2023 Figures

Minister of Tourism Ibrahim Faisal has announced that the Maldives' tourist arrival numbers have surpassed the previous year's arrival figures. In 2023, the island nation...

President Pledges Airport in Alifu Alifu Atoll to Boost Development

President Dr. Mohamed Muizzu on Sunday pledged a domestic airport for Alifu Alifu Atoll, saying such ease of access was essential to bring much...

President Vows to Back Local Councils in Economic Ventures

President Dr Mohamed Muizzu on Sunday extended the government’s full support to local councils in implementing economic ventures. The President made the pledge during his...

President Announces Installation of U.S. Dollar ATM in Thoddoo to Help Boost Local Tourism

The government plans to enhance banking services with the installation of a U.S. dollar ATM in Thoddoo, Alifu Alifu Atoll, President Dr Mohamed Muizzu...

MSS and Malaysia’s ALAM sign agreement to provide employee training

Maldives State Shipping (MSS) and Malaysia's maritime academy, Akademi Laut Malaysia (ALAM) have signed an agreement to provide training for employees. The agreement was...

Bunkering services; a significant industry in the long-run

Managing Director of State Trading Organisation (STO) Shimad Ibrahim has revealed that the international bunkering services were currently in the first phase, emphasising the...

MMA announces foreign currency exchange spaces at new VIA terminal

Governor of the Maldives Monetary Authority (MMA), Ahmed Munawwar has announced that the new terminal at Velana International Airport will include designated spaces for...

Governor asserts no change to dollar exchange rules

Governor of the Maldives Monetary Authority (MMA) Ahmed Munawwar has reaffirmed that there will be no changes to the current rules regarding the exchange...

President lauds decision on bill requiring USD 500 exchange

President Dr. Mohamed Muizzu has lauded the decision to require the exchange of USD 500 in the Foreign Currency Exchange Bill, calling it a...

MOST READ

Maldives Sees Rise in Resort, Safari Occupancy

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

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

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

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

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

Maldives Sends Condolences to Vanuatu Following Devastating Earthquake

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

MNU and MPAO Sign Agreement to Promote Research and Awareness

The Maldives National University (MNU) has signed an agreement...
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