Current News
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Contingency Budget to be utilized to maintain block grant levels for councils
The contingency budget will provide the necessary funds to maintain the block grant allocations to councils in next year’s budget,…
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Maldives increases ADF, Departure Tax for int’l travelers starting December
President Dr. Mohamed Muizzu has ratified amendments to the Airport Development Fee and Departure Tax Act to increase the Airport…
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Pres Dr. Muizzu ratifies Tourism Act amendments to increase Green Tax
President Dr. Mohamed Muizzu has ratified amendments to the Tourism Act, increasing the green tax rate levied on tourists visiting…
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Budget Committee to complete budget review by November 20
The Parliament’s Budget Committee will complete its review of the proposed budget for next year by November 20. The Finance…
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Gov’t to secure MVR 6.6bln from foreign banks for budget support
The government has planned to obtain MVR 6.6 billion for next year’s national budget from foreign commercial banks. The government…
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Maldives and Türkiye sign free trade agreement
A free trade agreement has been signed between the Maldives and Türkiye. Economic Minister Mohamed Saeed signed the agreement on…
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Proposed 2025 budget allocates MVR 14 bln for employee salaries
The government’s proposed budget for next year has earmarked MVR 14 billion for employee salaries. According to official figures, the…
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Fish exports drop by 45 percent
The Maldives’ fish exports have declined significantly. According to data from the Maldives Monetary Authority (MMA), the country exported 32,157.4…
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Pres Dr. Muizzu announces “Shaheedhunge Hiyaa” housing scheme for families of martyrs
President Dr. Mohamed Muizzu has pledged to launch a program “Shaheedhunge Hiyaa”, a housing scheme for the families of the…
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Maldives ships 96 sea-to-air cargo containers in October amid surging demand
The Maldives’ sea-to-air cargo service has shipped 96 containers of goods abroad by air in October alone. This service, designed…
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