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President Muizzu Launches Financing Facility for Young Entrepreneurs

President Dr Mohamed Muizzu has launched the Youth Entrepreneurship Financing Facility, a scheme designed to help young Maldivians secure the capital needed to start...

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 Muizzu: Pay Harmonisation and SOE Rightsizing Essential to Strengthening Economy

President Dr Mohamed Muizzu has stated that pay harmonisation and the rightsizing of State-owned enterprises are essential measures to strengthen the national economy, improve...

Cabinet Orders Real-Time Monitoring of Government Projects

The Cabinet has approved a package of special measures aimed at strengthening public service delivery and accelerating government projects, including the full operationalisation of...

President issues new decree to set minimum investment thresholds for cross‑subsidy projects

President Dr Mohamed Muizzu has issued a new Presidential Decree to govern the eligibility of projects for cross‑subsidy investment and stipulating the minimum investment thresholds that...

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...

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...

Muizzu Signs Pension Reform Law Expanding Access to Housing, Healthcare and Hajj

President Dr Mohamed Muizzu has ratified the sixth amendment to the Maldives Pension Act, introducing a series of reforms that expand how citizens can...

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 Diving Tragedy Exposes Regulatory Gaps as Nation Mourns Six Lives Lost

The deaths of five Italian divers in an underwater cave system off Vaavu Atoll, followed by the loss of a Maldivian military rescue diver...

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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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