Economy - Page 2

2 weeks ago

Maldives Charts Sweeping Urban Transformation with Multi-Zone Development Strategy

MALÉ, Maldives — President Dr. Mohamed Muizzu unveiled an expansive national development strategy that aims to transform the Maldives through the creation of multiple urban centers and development zones, marking a decisive

Business·News

2 weeks ago

Maldives and Capital Asia Investments Ink Partnership to Launch Major Economic Hub

Male’, Maldives — In a move towards bolstering its economic security, the Maldives has formalized a partnership with Singapore-based Capital Asia Investments Pte. Ltd. (CAI) to advance the Maldives Economic Gateway (MEG)

Business·News

2 weeks ago

Velana Airport Unveils Expanded Fuel Farm, Boosting Capacity

In a boost for the country’s aviation sector, Velana International Airport has just opened its new fuel farm. This modern facility is set to improve how the airport stores fuel and make

Maldives Seeks to Curb Dollar Outflow with Renewable Energy and Currency Reforms

Malé, Maldives — Foreign workers in the Maldives send approximately $500 million out of the country as remittances each year, according to Economic Minister Mohammed Saeed. In an appearance on state TV’s

3 months ago

Business·Leaders·News·Politics

BML Reverses Decision on Dollar Transaction Limits After Government Intervention

MALE, Maldives — The Bank of Maldives (BML) reversed its earlier decision to limit foreign transactions on Maldivian Rufiyaa-linked visa cards after a swift intervention by the government and public outcry, the

3 months ago

Business·News·Politics

Bank of Maldives Tightens Card Limits on Foreign Transactions Amid Rising Currency Concerns

MALE, Maldives — The Bank of Maldives (BML) announced changes to its card limits for foreign transactions today, a move aimed at addressing the growing demand for foreign currency amid limited supply.

3 months ago

Business·News

MDP Made Some Noise Last Night; Is That Enough to Disturb President Muizzu’s Sleep?

In the corridors of the president’s office, the atmosphere is jubilant. President Muizzu’s government has reached the nine-month mark—a period often associated with the birth of something new and transformative. Yet, for

3 months ago

Leaders·MaldivesStyle·News·Politics

Muizzu Government’s Confident Approach: Bold Reforms to Secure Economic Future

MALÉ, Maldives — In a small, cluttered shop in the heart of Malé, Ahmed Rasheed, 42, meticulously arranges imported goods on shelves that seem to grow emptier by the day. His furrowed

3 months ago

Business·Leaders·News·Politics·Tourism

Muizzu and Jaishankar Inaugurate Water Facilities, Emphasizing Deepening Maldives-India Cooperation

Male’, Maldives — In a ceremony today at the President’s Office, President Dr. Mohamed Muizzu and Indian External Affairs Minister S. Jaishankar, who is on an official visit to the Maldives, celebrated

4 months ago

Leaders·News·Politics

Maldives Confronts Escalating Economic Crisis Amid Regional Tensions

Malé, Maldives — President Dr. Mohamed Muizzu’s government is navigating a precarious economic landscape, compounded by surging debt and intensifying geopolitical pressures from regional powers China and India. Despite efforts to boost

4 months ago

Business·News

Maldives Strives for Economic Stability Amid Challenges

SINGAPORE — The country is navigating a series of economic challenges as detailed in a recent report by Standard Chartered Bank. The report, titled “Maldives – Swimming Against the Current,” was released

4 months ago

Business·News·Tourism

Maldives’ Diplomatic U-Turn: From ‘India Out’ to ‘Welcome India’ as Ties Warm

In a notable shift in policy, the Maldivian government has moved from the ‘India Out’ campaign to a more conciliatory ‘Welcome India’ stance. This change comes amid criticism from former officials and

4 months ago

Business·Leaders·News·Politics·Tourism·World

Tourism Minister Promotes ‘Welcome India’ Campaign Amidst Evolving India-Maldives Relations

Malé, Maldives — Maldives Tourism Minister Ibrahim Faisal arrived in India yesterday for a six-day visit, spearheading the “Welcome India” initiative aimed at bolstering the Maldives’ appeal as a premier holiday destination

4 months ago

Business·Leaders·News·Politics·Tourism

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Economy - Page 2

Maldives Charts Sweeping Urban Transformation with Multi-Zone Development Strategy

Maldives and Capital Asia Investments Ink Partnership to Launch Major Economic Hub

Velana Airport Unveils Expanded Fuel Farm, Boosting Capacity

Maldives Seeks to Curb Dollar Outflow with Renewable Energy and Currency Reforms

BML Reverses Decision on Dollar Transaction Limits After Government Intervention

Bank of Maldives Tightens Card Limits on Foreign Transactions Amid Rising Currency Concerns

MDP Made Some Noise Last Night; Is That Enough to Disturb President Muizzu’s Sleep?

Muizzu Government’s Confident Approach: Bold Reforms to Secure Economic Future

Muizzu and Jaishankar Inaugurate Water Facilities, Emphasizing Deepening Maldives-India Cooperation

Maldives Confronts Escalating Economic Crisis Amid Regional Tensions

Maldives Strives for Economic Stability Amid Challenges

Maldives’ Diplomatic U-Turn: From ‘India Out’ to ‘Welcome India’ as Ties Warm

Tourism Minister Promotes ‘Welcome India’ Campaign Amidst Evolving India-Maldives Relations

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