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The latest headlines, context, and expert insights from our politics desk.
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....
Customs on Sunday said it would need MVR 51 million to purchase a container scanner for the Male' commercial port. The Budget Review Committee met with Customs and Maldives Ports Limited (MPL) officials on Sunday to discuss plans to install container scanners to strengthen port...
The Maldives held its first-ever national tax forum on Saturday, spotlighting the importance of a robust tax system and the challenges faced in implementing tax laws. Organized jointly by the Institute of Chartered Accountants of Maldives (CA Maldives) and the Maldives Inland Revenue Authority...
The Maldives Monetary Authority (MMA) has cautioned that salary hikes in all sectors at once would strain the financing market, urging the government to implement increases in a phased and structured manner. Speaking before the Parliament’s Budget Review Committee on Saturday, MMA Governor Ahmed...
President Dr. Mohamed Muizzu, on Friday night, has announced that during next Ramadan, all electricity bills charged at the domestic rate will be capped at MVR 400, with any amount above that to be discounted. He made the announcement during the mass rally held by ruling PNC on Friday night. In...
Maldives Customs has announced plans to increase employee salaries next year, while staying within the government’s proposed salary expenditure ceiling of MVR 270 million. Speaking during budget discussions, Commissioner General Fathimath Dhiyana said the Finance Ministry allocated MVR 270 million...
The Anti-Corruption Commission (ACC) has said that the state should have received about MVR 80 million last year from cases involving corruption. ACC members were summoned before the Parliamentary Budget Review Committee on Wednesday to discuss the proposed budget allocation for the commission in...
Mastercard has presented the Bank of Maldives (BML) with a special recognition award for its instrumental role in advancing the Maldives’ digital economy through the Digital Country Partnership initiative. The award was presented to BML’s Chief Executive Officer and Managing Director Mohamed...
The Ministry of Higher Education announces that its new mobile app aimed at simplifying complaints and requests from government-funded students studying overseas will be finished this month. The application, named the Higher Education Management System, was initially set to be launched in October....
Former President Mohamed Nasheed has proposed selling shares of Velana International Airport (VIA) as a more viable alternative to issuing high-interest bonds, amid growing concerns over the Maldives’ ability to repay a USD 500 million sukuk maturing in April 2026. “Instead of selling bonds at...
Fenaka Corporation, which is currently knee deep in debt due to years of corruption and mismanagement, is seeking to buy a large number of generator spare parts. Each Fenaka audit uncovers a new corruption, and this has been the case in both former president Abulla Yameen Abdul Gayyoom’s...
The Ministry of Finance has announced that 206 development projects awarded to 53 private Maldivian contractors on Thursday are worth a total of MVR 2.7 billion. The agreements were signed at a ceremony held at Barceló Nasandhura in Malé. The projects will be implemented on a contractor-finance...