Author: hyvemedia

President Dr Mohamed Muizzu has reiterated his administration’s unwavering commitment to justice and equality, assuring that no citizen will face discrimination under his leadership. He made the remarks during a media interview at Velana International Airport before departing for an official visit to Malaysia. During the interview, President Muizzu announced the formation of a Special Presidential Commission of Inquiry to investigate the events that unfolded in Malé on 18 April 2025. The commission is tasked with establishing the facts, reviewing the actions of relevant institutions, recommending corrective measures, and ensuring a fair and transparent investigation. The President stressed that…

The completion of the new terminal at Velana International Airport is expected to significantly bolster tourist arrivals and support sustained economic growth in the Maldives, according to the World Bank’s latest Maldives Development Update 2025. The World Bank projects that increased airport capacity will contribute to an average economic growth rate of 5.2 percent over the medium term. The Maldives’ tourism sector, which accounts for around 21 percent of GDP, continues to drive economic activity, with tourist arrivals reaching a record 2.05 million in 2024. The enhanced infrastructure at Velana International Airport is seen as critical to maintaining this momentum,…

Tourist arrivals to the Maldives hit an all-time high of 2.05 million in 2024, an 8.9 percent increase over the previous year, according to the World Bank’s latest Maldives Development Update. Driven by strong performance in tourism and related services, the country’s real GDP is estimated to have grown by 5.5 percent in 2024, helping to bring poverty rates back below pre-pandemic levels. Despite the strong economic growth, the report highlights mounting fiscal and external vulnerabilities. Overall headline inflation remained low at 1.4 percent during most of 2024, thanks to continued government subsidies. However, inflation surged towards the end…

The cryptocurrency market has surged past a $3 trillion market cap, buoyed by the actions of a group of investors known as “bond vigilantes,” a term popularized by economist Ed Yardeni. These investors, who typically hold governments accountable by selling off bonds in response to significant policy changes, have played a pivotal role in the ongoing crypto rally. Bond Vigilantes Impact Policy and Yield Dynamics When bond vigilantes sell off their bond holdings, they drive yields higher, increasing borrowing costs for the government. This action forces policymakers to reconsider their plans, which in this case, has significantly impacted President Trump’s…

Coinbase is calling on U.S. regulators to lift the longstanding prohibition preventing Securities and Exchange Commission (SEC) staff from buying, selling, or using cryptocurrencies that are not classified as securities. In letters dated April 22, Coinbase’s Chief Legal Officer Paul Grewal addressed both SEC Chair Paul Atkins and the U.S. Office of Government Ethics, arguing that the current restrictions hinder regulators’ ability to effectively oversee the rapidly evolving cryptocurrency industry. Current Policy Limits Regulatory Effectiveness, Coinbase Says Grewal emphasized that the policy is particularly problematic given the current political environment. Under a recent executive order by President Trump, the SEC…

Ethereum (ETH) is staging a strong comeback this week, with prices rebounding sharply as investor sentiment improves and Wall Street shows renewed interest in the world’s second-largest cryptocurrency. The price of Ethereum climbed to around $1,800, marking a 30% surge from its lowest point earlier this year. This rally, which mirrors a broader recovery across the crypto market, has helped push Ethereum’s market capitalization to nearly $220 billion. Investor sentiment has also shown a notable turnaround. The Crypto Fear and Greed Index, a closely watched gauge of market mood, has risen from an extreme fear reading of 18 to a…

XenDex is making waves across the crypto community as its $XDX token presale surpasses a major milestone, filling more than 20% of its allocation within the first 24 hours. Following the strong start, crypto analysts are now predicting a full sellout within just 10 days. The early surge in demand has captured the attention of investors, crypto whales, and especially XRP enthusiasts, all eager to secure their share of what is quickly becoming one of the most talked-about DeFi projects on the XRP Ledger. XenDex stands out by being the first decentralized exchange on XRPL to integrate AI-powered copy trading,…

In less than a decade, short-form video has transitioned from a quirky internet trend to the dominant force shaping global digital culture. At the heart of this seismic shift is TikTok—a platform that has not only redefined how content is consumed, but has also revolutionized marketing, entertainment, and social interaction across the world. The Rise of TikTok: From Musical.ly to Global Powerhouse TikTok’s story begins with Musical.ly, a lip-syncing app popular among teens, founded in 2014. In 2017, Chinese tech company ByteDance acquired Musical.ly and merged it with its own short-video app, Douyin, to form what we now know…

First Lady Madam Sajidha Mohamed attended the inauguration of the “Fahi Sihhath Health Fair” on Friday, marking World Health Day at Artificial Beach. Organized in collaboration with the Maldives National University (MNU), the World Health Organization (WHO), and the United Nations Children’s Fund (UNICEF), the one-day event highlights the importance of promoting healthy lifestyles and building resilient communities. Speaking at the opening ceremony, MNU Vice Chancellor Dr. Aishath Shehenaz Adam emphasized that the fair aligns with President Dr. Mohamed Muizzu’s vision for a healthier society. Dr. Shehenaz noted that the campaign showcases how collective action against non-communicable diseases and active…

The Ministry of Fisheries and Ocean Resources has held high-level discussions with senior officials from the Saudi Fund for Development (SFD), aimed at accelerating the development of critical infrastructure in the Maldives’ fisheries sector. The consultations were a central feature of the Saudi Fund delegation’s ongoing visit to the country. According to the Ministry, the talks centred on enhancing key infrastructure needed to support and modernise the fishing industry, a vital economic pillar of the Maldives. The discussions also included a review of ongoing projects supported by the Saudi Fund, with an emphasis on strengthening their impact and identifying new…