Tourism Job Market Expanded in Q4 of 2023: MMA Report
The tourism industry saw an increase in jobs in the last quarter of 2023, the Monetary Authority of Maldives (MMA)...
Government’s Decision to Increase BML Card Limits in Doubt Amid Dollar Shortage
The government’s recent decision to raise the monthly transaction limit of Bank of Maldives (BML) debit and credit cards to...
State Earns MVR 332 Million Revenue from Imports and Exports in December 2023
The state earned MVR 332 million from imports and exports over the last month, according to Maldives Customs Service data....
Government Working to Sort USD Exchange Rate Issue: Minister Saeed
Minister of Economic Development and Trade Mohamed Saeed has said that the government is already working to address the US...
MATI Proposes Increasing Foreign Hires in Tourism Industry
The Maldives Association of Tourism Industries (MATI) has proposed to increase the ratio of foreign employees in resorts to 70...
BML Confirms Continued USD Support Amid Speculation of Unsustainability
The Bank of Maldives (BML) has refuted claims that it might be looking to stop or limit US Dollar (USD)...
Maldives Establishes MIFSA to Introduce Offshore Financial Services
President Mohamed Muizzu, under the powers vested in him under the Special Economic Zones (SEZ) Act of 2014, has established...
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...
