Moody’s International Credit Rating Agency has maintained the Maldives’ credit rating at Caa2, reflecting both the nation’s recent financial achievements and ongoing challenges. In a statement released today, Moody’s highlighted the proactive measures taken by the Maldivian government to enhance its financial stability. These include the implementation of new foreign exchange regulations by the Maldives […]
Malé, Maldives – Dhiraagu has introduced unlimited home broadband internet packages in the Maldives, marking a significant milestone in the country’s telecommunications sector. The announcement was made at a special ceremony held tonight at the Dhiraagu Head Office. Speaking at the event, Dhiraagu’s Chief Commercial Officer, Ali Riyaz, highlighted the company’s commitment to meeting customer […]
Malé, Maldives — President Dr. Mohamed Muizzu has dismissed rumors suggesting changes to the recently proposed Foreign Exchange Bill, emphasizing that the government’s policy remains firm and aligned with strengthening the country’s economic resilience. Speaking in response to misinformation circulating online, President Muizzu reiterated that the Foreign Exchange Bill is a critical step towards enforcing […]
The Ministry of Tourism has announced an extension for the submission deadline for the prestigious Maldives Tourism Awards 2024. This decision aims to provide more opportunities for eligible candidates to participate in recognizing excellence in the Maldives’ tourism sector. New Deadline:Interested parties can now submit their applications until 13:00 hrs. on Thursday, 28th November 2024. […]
The Maldives has once again cemented its position as a global tourism leader, earning the World’s Leading Destination award for the fifth consecutive year, alongside the esteemed title of World’s Leading Green Destination. These accolades underscore the nation’s unwavering commitment to excellence and sustainability in its tourism sector. Accepting the awards on behalf of the […]
Since taking office on November 17, 2023, President Dr. Mohamed Muizzu has initiated transformative changes aimed at revitalizing the Maldivian economy and ensuring a prosperous future for its citizens. As the 8th President of the Republic, his strategic economic reforms have positioned the Maldives as a resilient and innovative player in the global arena. Revolutionizing […]
The People’s National Congress (PNC) has successfully concluded its largest internal election to date, with voting closing at 2:00 PM today. The election saw members casting their votes across 90 islands in Malé and the atolls, with a total of 143 ballot boxes in place, including 53 in Malé. Voting took place at Dharubaaruge in […]
The Reserve Bank of India (RBI) and the Maldives Monetary Authority (MMA) signed a landmark Memorandum of Understanding (MoU) today in Mumbai to establish a framework promoting the use of local currencies, the Indian Rupee (INR) and the Maldivian Rufiyaa (MVR), for cross-border transactions. The MoU was signed by RBI Governor Shaktikanta Das and MMA […]
Male’ City, Maldives – The State Electric Company Limited (STELCO) has completed the restoration of the iconic fishpond near the minaret of the Islamic Center and officially handed it over to the Ministry of Islamic Affairs. The handover ceremony took place today, marking a significant contribution by STELCO to commemorate the 40th anniversary of the […]
President Dr. Mohamed Muizzu has firmly stated that the rules requiring banks to exchange dollars earned through the tourism sector will not be changed, emphasizing the significant economic benefits they will bring. Speaking at a ceremony held at the Social Centre tonight, President Muizzu reiterated his commitment to upholding these regulations, which are aligned with […]
