Business

News

18 Jun, 2025

Authorities Intensify Crackdown on GMCE Crypto Pyramid Scheme, No Arrests Yet

MALE’, Maldives — The GMCE investment scheme, popular among Maldivian investors from ordinary citizens to prominent figures, has been exposed as a pyramid scheme. Authorities are escalating efforts to take legal action

Business·Leaders·News

19 May, 2025

The Quiet Signal: Hussain Niyaz’s Mission to Connect the Maldives

In the Maldives, life unfolds at the mercy of the sea. For centuries, its people have been bound by the tides, their stories carried on the wind. Now, a new force weaves

Business·Leaders·News

06 May, 2025

Maldives Unveils Ambitious Financial Hub to Diversify Economy

HULHUMALÉ, Maldives — On a sunlit morning in the Maldives, a groundbreaking ceremony marked the launch of the Maldives International Financial Centre (MIFC), an $8.8 billion project aimed at transforming the island

President Pitches Investment at UK Business Forum

LONDON — President Dr. Mohamed Muizzu headlined the Maldives–UK Business Forum in London on Thursday, unveiling a vision for economic partnership as the two nations approach 60 years of diplomatic relations. The

18 Jul, 2025

Business·News

Maldives Opposition Questions Costly Airport Expansion Amid Debt Concerns

MALE’, Maldives — The opposition Maldivian Democratic Party (MDP) has raised pointed concerns about the development of Velana International Airport, criticizing the financial decisions made under former President Abdulla Yameen’s administration. MDP

16 Jul, 2025

News

Velana International Airport’s New Terminal: A Grand Vision Tested by Island Realities

The Maldives has long been a global emblem of luxury tourism, its turquoise waters and pristine beaches drawing millions to fuel an economy where tourism accounts for roughly 25% of GDP. At

16 Jul, 2025

Business·Leaders·News

Jetex’s $125 Million Bet on Maldives Luxury Faces Government’s Leisurely Pace

MALÉ, Maldives – At Jetex, a private aviation company redefining luxury travel, the goal is clear: when a flight touches down, guests are whisked to their waiting cars within minutes, with luggage

05 Jul, 2025

Business·Leaders·News·Tourism

China’s Envoy Deletes Tweet on Maldives’ 30% E-Commerce Fee

MALE’, Maldives — The Chinese ambassador to the Maldives, Kong Xianhua, quietly deleted a tweet acknowledging a controversial new policy by the Bank of Maldives (BML) that imposes a 30 percent fee

01 Jul, 2025

News

Bank of Maldives Raises Debit Card Limit for Overseas Spending, Adds Fees for E-Commerce

MALE’, Maldives — The Bank of Maldives (BML) announced on Monday that it will raise the monthly limit for overseas debit card transactions to $500 starting July 1, 2025, to support customers’

30 Jun, 2025

News

Maldivian Tycoon Criticizes Resorts for Paying Service Charges in Local Currency

MALE’, Maldives — Qasim Ibrahim, a prominent businessman and leader of the Jumhooree Party, has publicly condemned the decision by some resorts to pay service charges to employees in Maldivian Rufiyaa (MVR)

19 Jun, 2025

Business·Leaders·News

Maldives’ Tourism Wealth: Dollars Flow In, Locals Lose Out

MALE’, Maldives — In the Maldives, a nation of 500,000 scattered across coral atolls, tourism drives the economy, generating a quarter of the country’s GDP in U.S. dollars. Few small nations match

19 Jun, 2025

About Maldives·Business·News

Two New Banks Approved to Bolster Maldives’ Financial Sector

MALE’, Maldives,— The Monetary Authority of Maldives (MMA) has granted preliminary approvals for two new banks, a move aimed at strengthening and diversifying the nation’s banking sector, according to a recent press

28 May, 2025

News

China’s Household Brands Battle Economic Uncertainty and Fierce Foreign Competition

China’s consumer goods industry is facing mounting pressures due to declining domestic demand and economic uncertainties. Once a booming sector driven by rapid urbanization and increasing purchasing power, the market has now

21 May, 2025

World

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Business

Authorities Intensify Crackdown on GMCE Crypto Pyramid Scheme, No Arrests Yet

The Quiet Signal: Hussain Niyaz’s Mission to Connect the Maldives

Maldives Unveils Ambitious Financial Hub to Diversify Economy

President Pitches Investment at UK Business Forum

Maldives Opposition Questions Costly Airport Expansion Amid Debt Concerns

Velana International Airport’s New Terminal: A Grand Vision Tested by Island Realities

Jetex’s $125 Million Bet on Maldives Luxury Faces Government’s Leisurely Pace

China’s Envoy Deletes Tweet on Maldives’ 30% E-Commerce Fee

Bank of Maldives Raises Debit Card Limit for Overseas Spending, Adds Fees for E-Commerce

Maldivian Tycoon Criticizes Resorts for Paying Service Charges in Local Currency

Maldives’ Tourism Wealth: Dollars Flow In, Locals Lose Out

Two New Banks Approved to Bolster Maldives’ Financial Sector

China’s Household Brands Battle Economic Uncertainty and Fierce Foreign Competition

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