Tourism and Construction Dominate MVR 40 Billion in Loan Distributions
Recent data from the Maldives Monetary Authority (MMA) reveals that banks and financial institutions in the Maldives have provided loans…
Tag: economy
Maldives’ Food Prices See a 6.17% Rise in 2023, According to Consumer Price Index
“In 2023, Maldives witnessed a significant uptick in food and beverage prices, with a notable 6.17% increase, as reported by…
Minister Sets Ambitious Target of 2.3 Million Tourist Arrivals, Surpassing Official Goal
The official tourism target for the year is set at 2 million tourists. However, Tourism Minister Ibrahim Faisal expressed optimism…
Government Introduces Steps to Lower Prices of Basic Foods
President Dr. Mohamed Muizzu has taken steps to bring down the prices of essential food items in the Maldives. This…
China Becomes the Primary Import Partner for Maldives, While Thailand Takes the Lead in Exports
Recent data from the Maldives Customs Service revealed that China topped the list as the biggest importer of goods into…
STELCO Plans to Provide Electricity to Five Islands Using Batteries
STELCO has revealed its plan to bring battery-powered electricity to at least five islands by the end of the year.…
New Self-Service Banking Hub Opens in Hulhumale’ Phase 2 by BML Islamic
BML Islamic has expanded its banking services in Hulhumale’ by inaugurating a new ATM center in Phase 2 at Vinares…
Concerns Arise as Unregulated Market Grows in Hiyaa Flats Area, Prompting Urban Management Questions
Life in Hulhumale’s second phase, particularly around the ‘Hiyaa’ flats, has taken an interesting turn with the emergence of a…
Government Forms Global Financial Services Authority
President Dr. Mohamed Muizzu introduced the “Maldives International Financial Services Authority” on Sunday, a new government entity with the goal…
What Maldives Can Learn from Davos: Adjusting to Shifts in the Global Economy
At the recent World Economic Forum in Davos, leaders from businesses worldwide gathered to talk about the growing use of…