Maldives Tourism Recovers From Setbacks
Ambitious plans mark recovery from COVID and a short-lived Indian boycott Tourism is the single most important source of livelihood...
Shahid Warns New Foreign Exchange Regulations Could Hurt Tourism Industry
Abdulla Shahid, former Foreign Minister and President of the opposition Maldivian Democratic Party (MDP), shared his apprehensions on Wednesday about...
Maldives Prioritises Exchange Reforms, Mandates Fixed USD Exchange for Tourists
The Maldives Monetary Authority (MMA) on Tuesday gazetted new regulations requiring tourism establishments to exchange foreign currency at fixed amounts...
Muizzu Administration Seeks $70 Million Loan From Swiss-Based Vitol Group
The Maldivian government has approached the Vitol Group, a Switzerland-based Dutch multinational energy and commodity trading company, for a $70...
MVR 4 Billion Spent on SOEs as of July
While there are 23 state-owned enterprises (SOEs), MVR 4 billion from the state’s budget had been spent on these companies...
Government Secures MVR 800 Million Loan to Pay Salaries
The government has taken out a loan of MVR 800 million to pay the salaries of public sector employees this...
MMA Urges Tourism Industry to Retain Higher Percentage of USD Revenue Within Banking System
The Maldives Monetary Authority (MMA) has held closed-door discussions with the tourism industry with a view to increasing the amount...
Government Slashes Over MVR 2 Billion from 2024 Budget Amid Funding Shortfall
The Muizzu government has reduced more than MVR 2 billion from this year’s MVR 49.8 billion budget as part of...
Bunkering Services Launched After Multiple Delays
The long-postponed bunkering service, touted by the Mohamed Muizzu administration to expand the Maldives economy by US$400 million annually, finally...
India Rolls Over $50 Million Treasury Bill for Maldives Amid Geopolitical Tensions
At the request of the Government of Maldives, the State Bank of India (SBI) has rolled over a $50 million...
