Maldives to Address Low Local Representation in Tourism Workforce
According to the latest census, while there are 58,089 employed in the tourism industry, only 40 percent are Maldivians. The...
Maldives Sees Tourism Surge, Records 10.2% Increase in Arrivals
The Maldives has, so far this year, recorded a notable 10.2 percent surge in tourist arrivals compared to the corresponding...
Upwards of MVR 12 Billion Spent on PSIP Projects in 2023
More than MVR 12 billion was spent on Public Sector Investment Programme (PSIP) projects, or development projects, last year. According...
Government Issues Treasury Bills Worth Over MVR 4 Billion
Treasury bills worth MVR 4.2 billion have been offered on sale, with the Ministry of Finance issuing bills worth MVR...
Finance Ministry Defends Reversal of Unsolicited Proposals Policy
The Ministry of Finance has defended its decision to reverse the annulment of the previous government’s Unsolicited Proposals Policy (USP...
STO Will Launch Bunkering Services Mid-Year: Shimad
State Trading Organization (STO) will begin bunkering services — the supply of fuel to marine vessels — by the middle...
RACL Seeks EOIs for Kulhudhuffushi Airport Expansion and Redevelopment
Regional Airports Company Limited (RACL) has invited interested parties to submit Expressions of Interest (EOIs) for the expansion and redevelopment...
Government to Allocate 100-Hectare SEZ for Re-Export SOE
A 100-hectare Special Economic Zone (SEZ) will be set aside, with a view towards economic diversification, for a re-export commercial...
Government to Establish SOE to Foster Economic Diversification
The government has decided to establish a fully state-owned entity, the Maldives Industrial Development Free Zone, with a focus on...
State Reserves Rise in November Over October, Lower Compared With Same Period in 2022
The Maldives’ official reserves saw an increase in November this year compared to October, according to data released by the...
