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The latest headlines, context, and expert insights from our economy desk.
The Bank of Maldives (BML) has warned that foreign transaction limits on debit cards may be revoked for individuals found to be misusing the service. The bank said it increased the limit for using Maldivian Rufiyaa (MVR) accounts' debit cards abroad from November 11, to better meet customers’...
The state budget has spent MVR 1.7 billion on government-owned companies up to November 20, according to official figures from the Ministry of Finance. This is MVR 175 million more than last year and MVR 1.3 billion higher than the MVR 378 million allocated in this year’s budget. The figures...
Employees of the Road Development Corporation (RDC) have donated a total of MVR 100,000, equivalent to one day’s salary, at the special telethon organised by Maldivian media on Sunday evening. The funds were received on behalf of PSM by Projects Land and Business Development Director Aishath...
Government is working to strengthen the operating environment for small and medium enterprises across the country, Finance Minister Moosa Zameer said Friday. Zameer made the remarks while attending the MSME Awards 2025 as Chief Guest. The ceremony was organised by the Business Centre Corporation...
Maldives Hajj Corporation has purchased a 5,700 square foot land plot from Hulhumale’ for MVR 21 million. Civil Court concluded the case pertaining to the transaction on Thursday which was presided by Judge Mariyam Waheeda. Hajj Corporation bought the land plot in Hulhumalé Phase I from the...
The National Social Protection Agency (NSPA) has revealed that MVR 114.11 million has been spent on patient transport via air ambulances under the Aasandha scheme since the service was launched. The agreement to provide air ambulance services was signed on February 28, 2024, and operations began...
Government spending on student loans has dropped sharply this year, with expenditure down MVR 132.9 million compared to the same period last year. The state budget allocated MVR 768 million for student loans in 2025. However, according to the Finance Ministry’s Weekly Fiscal Development Report,...
The Bank of Maldives (BML) has withdrawn its civil case against former Football Association of Maldives (FAM) president Bassam Adeel Jaleel after he settled an outstanding Visa Gold credit card debt of MVR 89,997. Bassam, currently serving a nine-year prison sentence for embezzlement and money...
The Maldives has received the Integrity Award from the Global Center for Good Governance in Tobacco Control (GGTC), recognizing its pioneering efforts to combat tobacco use and industry interference. The award was presented at the Eleventh Session of the Conference of the Parties (COP11) to the...
Parliament’s Budget Review Committee on Wednesday approved the MVR 64 billion state budget for next year without any changes to the total figure. Although the committee endorsed the full budget amount, several minor amendments proposed by members of the ruling People’s National Congress (PNC) were...
President Mohamed Muizzu said on Monday that the rent for a three-bedroom apartment under the government’s new 7,500-flat housing scheme will not exceed MVR 10,000. The rules for allocating land and flats in the Malé area and Rasmale under the Housing for All policy were announced on Sunday....
The National Social Protection Agency (NSPA) spent MVR 17.7 million on therapeutic services for persons with disabilities in October, with the vast majority of recipients being children under the age of 18. According to figures released Tuesday, behavior therapy accounted for the highest...