Introduction In the first quarter of 2024, the Maldivian economy experienced a significant boost, with real Gross Domestic Product (GDP) growing by 9.8% compared to the same period in 2023.... read more →
The Maldives Monetary Authority (MMA) board has approved significant changes to its management structure to modernize and enhance its operations as a central bank. These changes are aimed at improving... read more →
Introduction The Maldives and the United States have further solidified their development cooperation by signing the fourteenth amendment to the Development Objective Grant Agreement (DOAG). This amendment represents a significant... read more →
Introduction July 2024 marked a significant upturn in tourist arrivals to the Maldives, underscoring a robust recovery in the tourism sector. The latest statistics released by the Ministry of Tourism... read more →
Overview In June 2024, the Maldives experienced a notable rise in inflation, with the annual inflation rate increasing to 1.4%, up from 0.8% in May 2024. This uptick can be... read more →
Maldives Ports Limited (MPL) is finalizing preparations to launch international bunkering services in the northern atolls on August 20. This initiative aims to position the Maldives as a key global... read more →
According to the Ministry of Tourism, 160,000 tourists visited the Maldives last month, up from 140,000 in July last year, marking a 14% increase. This surge follows a dip in... read more →
Fenaka Corporation achieved profitability in the first half of this year by cutting costs, said Managing Director Muaz Mohamed Rasheed. After five years of losses, the company posted a profit... read more →
The Maldives Transport and Contracting Company (MTCC) reported a significant revenue decline in the second quarter of this year. According to their quarterly report, MTCC earned MVR 497 million in... read more →
The Indian government has expanded ports for exporting essential commodities to the Maldives, enhancing trade under a bilateral agreement. Initially, four ports were designated in April: Tuticorin, Mundra, Nhava Sheva,... read more →