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The latest headlines, context, and expert insights from our crime desk.
In April, the police issued fines to 39 individuals for offenses related to vaping, with the total fines amounting to MVR 192,500. Since December 15 of the previous year, the Maldives has imposed a ban on the import, sale, and use of vapes under the Tobacco Control Act. Since the enforcement of...
STO has announced a decrease in petrol prices starting today March 23, 2025. The company explained that the reduction is a result of the lower fuel prices in the global market. As a result, the price per litre has been reduced by MVR 0.48, bringing the new cost to MVR 13.50 per litre. The...
The Maldives Islamic Bank (MIB) Board of Directors has proposed distributing MVR 103 million in share profits at the upcoming Annual General Meeting (AGM). This proposal suggests a payment of MVR 4.58 per share, reflecting a 58% increase from 2023. The distribution plan includes a 50% cash dividend...
The government has revealed plans to reclaim 45 hectares of land from Uthuru Thila Falhu (UTF) for the construction of a rehabilitation center and a central prison complex. This announcement is part of a broader initiative to implement projects under the state's economic policies, aligned with the...
Ooredoo Nation, in collaboration with the Youth Ministry, has successfully wrapped up the 2025 Ramadan E-Sports Festival. With a total prize pool of MVR 30,000, the festival offered intense competition across popular games such as EAFC, PUBG Mobile, and Tekken. The event was open to participants...
MIFCO has unveiled a significant project worth USD 65 million (MVR 1 billion), financed by the Islamic Development Fund. This initiative is designed to boost the fisheries sector's capacity in the Maldives through a combination of improved services, equipment purchases, and expert consulting. Cold...
At the end of February, the Maldives' usable reserves reached USD 179 million, reflecting a rise of USD 63 million compared to January's total of USD 116 million, as reported by the Maldives Monetary Authority (MMA). The largest increase in reserves last year occurred in February, when they...
The Maldives Monetary Authority (MMA) has initiated discussions about acquiring a land plot in Hulhumale' to generate funds for the government. According to Mihaaru News, the ongoing negotiations, which involve the Finance Ministry, have considered various potential amounts, including MVR 8...
In January, food inflation stood at 8.4 percent, reflecting a 3.3 percent increase from the same period last year, according to data from the Maldives Monetary Authority (MMA). This marks a notable rise compared to January 2024. The highest recorded food inflation last year occurred in August,...
Euro Marketing has made a second payment of MVR seven million to investors in its bond, continuing its commitment to those who invested in the company’s bond offering. On December 29, 2022, Euro Marketing launched a bond issue to raise funds for the construction of a cold storage facility in...
The Ministry of Finance has revealed that it is looking for technical advisors for the Addu Bridge project, which will be the longest bridge in the country, linking Hithadhoo and Hulhumeedhoo. According to the announcement, the ministry is searching for a consultancy firm capable of providing...