Fitch Downgrades Maldives’ Rating From B- to CCC+ Citing Worsening External Financing
Fitch Ratings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘. An IDR is an…
Maldives Will Welcome One Millionth Tourist by End of June: Minister Faisal
The Maldives will welcome its one millionth tourist for the year 2024 sometime later this month, Minister of Tourism Ibrahim…
Chinese Arrivals Dominate Maldives Tourism Market
Around 92,292 tourists from China have visited the Maldives as of last Monday, according to data by the Ministry of…
Maldives’ 2024 Tourism Arrivals See 2.6% First-Time Dip; Lower Occupancy Leading Into Q2
Tourist arrivals fell 2.6 percent in April after consistent highs in the first quarter (Q1) of 2024, according statistics released…
State Revenue up 34.4% in March
State revenue increased by 34.4 percent in March compared to the same period last year, according to the Maldives Inland…
Resort Earnings Down by US$529 Million: MATI
Resort earnings fell by US$529 million (MVR 8 billion) last year compared to the previous year, according to data released…
Tourist Arrivals from China in 2024 Set to Exceed 50,000 in February
The number of Chinese tourist arrivals to the Maldives is expected to surpass 50,000 after the nation became the largest…
Tourism Revenue Surge Highlights Urgent Need for Economic Reforms to Boost Local USD Circulation
Recent data released by the Maldives Association of Travel Agents and Tour Operators (MATATO) projects increases in tourism revenue, spotlighting…
New Tax Regulations Prompt Cruise Liners to Rethink Maldives Itineraries
Cruise liners are reconsidering their itineraries to the Maldives in light of the recent increase in prices and taxes levied…
China Assures Increased Investment, Development Projects: Minister Saeed
China has assured that it will increase investment and development projects in Maldives, Economic Minister Mohamed Saeed said on Thursday….
