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Local News
HDC recovers MVR 226 mln in outstanding land rent
The Housing Development Corporation (HDC) has recovered MVR 226 million of the MVR 1.3 billion owed to the corporation in…
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Local News
Maldives on track to hit 2 mln tourists by Dec 25
The Maldives is set to achieve its target of hosting 2 million tourists in 2024 by December 25, according to…
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Local News
Tourist arrival numbers cross 1.8 mln
The number of tourists visiting the Maldives this year has crossed 1.8 million. According to the Tourism Ministry, the number…
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Local News
MVR 87 bln deposited to SDF, aiming for USD 150 mln by end of 2025
A total of MVR 87 million has been deposited to the Sovereign Development Fund (SDF) over the last year. The…
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Local News
Over 2.2 mln tourists expected to visit Maldives in 2025
The Finance Ministry has forecast that tourist arrivals to the Maldives will reach 2.2 million in 2025. In the recently…
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Local News
Supplementary budget forecasts additional MVR 640 mln in revenue and grants
An additional MVR 640.1 million in revenue and grants is expected for the Maldivian government this year, according to the…
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Local News
High Court halts Civil Court order for MVR 1.8 mln compensation
The High Court has stayed the enforcement of a Civil Court order to pay MVR 1.8 million in compensation to…
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Local News
Maldives aims to attract 4 mln tourists, boost tourism revenue to $7bln
The Maldives aims to increase the number of annual tourists visiting the country to four million, and boost tourism revenue…
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Local News
Maldives’ official reserves rise to $444 mln by end of August
The Maldives’ official reserves have increased to $444 million by the end of August. According to data from the Maldives…
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Local News
Maldives records $72 mln in remittances for 2023
A total of US$72 million (approximately MVR 1.1 billion) was sent abroad as remittances from the Maldives last year. According…
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