Author: Mohamed Reehaan

The Bank of Maldives (BML) announces its next major step towards development. As such, BML chooses Finastra’s Essence next-generation platform to enhance agility, support innovation, and strengthen customer experience. Finastra confirmed this strategic partnership on Tuesday, confirming that BML has selected Finastra Essence to modernize its core banking operations and support its long-term digital transformation strategy. This partnership will enable BML to accelerate product innovation, enhance the bank’s operational efficiency. Additionally, this partnership allows the bank to deliver seamless banking experiences across both conventional and Islamic banking service. With Finastra’s implementation, BML will gain a modern, open and flexible platform…

Maldives President Dr. Mohamed Muizzu has appointed Amjad Musthafa as the new head of the Employment Tribunal. The new Employment Tribunal president’s appointment was formalized at a ceremony held at the President’s Office, where Amjad took oath of office before President Muizzu. Supreme Court Justice Abdulla Hameed administered the oath at the ceremony. Following this, President Muizzu handed the letter of appointment to Amjad. Amjad Musthafa holds a bachelor’s degree in Shariah and Law and a Master of Business Administration (MBA). He has worked extensively in the legal and public administration sectors for years. He also served as a member…

Maldives President Dr. Mohamed Muizzu has appreciated the United Kingdom for its continued support and assistance in the Maldives’ socio-economic development. In a letter congratulating Andrew Burnham on assuming office as UK’s Prime Minister. Burnham is the 59th Prime Minister of the UK, and seventh to assume the office in 10 years. President Muizzu in his letter, extended wishes for Burnham’s success in his new role. He reaffirmed the deep value the Maldivian government places on the long-standing historic ties of friendship and cooperation between the two countries, describing the relationship as one built on shared principles of upholding democratic…

The Minister of Infrastructure, Housing and Urban Development Dr. Abdulla Muththalib assures that the government’s new affordable housing project will help reduce the social housing waiting list. He says the new initiative will reduce this list by supplying affordable homes. His statement comes via a post on his personal LinkedIn profile, hot on the heels of the awarding of contracts to five local companies to develop 1,000 units under the government’s affordable home ownership scheme. According to the Minister, the units will go to first-time homebuyers. This decision, the minister adds, aims to stop such homes from being turned into…

The Maldives Business Chamber has held a curated training initiative targeting local small and medium enterprises (SMEs), to enhance their effectivity. The Chamber launched this initiative, with a session focused on Artificial Intelligence (AI) and its integration into modern business environments. President of the Maldives Business Chamber Ahmed Amjad confirms close to 30 to 40 participants present for the first session. These participants represent local SMEs hailing from Male’ City and atolls. Amjad further said the training aims to help local business to improve their efficiency using AI for an expeditious business experience; including faster task completion with fewer employees,…

President Dr. Mohamed Muizzu has appointed Fathimath Ameeza as the new Commissioner General of Taxation at the Maldives Inland Revenue Authority (MIRA), placing a veteran tax official at the helm the country’s revenue authority. Ameeza, who hails from Gadhdhoo, Gaafu Dhaalu Atoll, secured the appointment after Parliament approved her nomination. She succeeds Hassan Zareer, who left the top post at MIRA after President Muizzu appointed him as Minister of Finance and Public Enterprises. Ameeza brings more than 16 years of experience at MIRA to the role. The relevant parliamentary committee awarded her a score of 92.44 percent following its interview…

The State Pharmaceutical and Medical Supply Corporation Limited (State Pharma) has launched efforts to stock a full range of antibiotics in the Maldives as the country steps up its fight against antibiotic resistance. Speaking on PSM News’ Raajje Miadhu programme, the corporation’s Managing Director Dr. Shah Mahir said the Maldives needs access to every class of antibiotic to tackle the growing threat of drug-resistant infections. The corporation currently focuses on maintaining a steady supply of around 1,200 essential medicines. Once it stabilizes the availability of these medicines, Shah said the corporation will review its drug list and identify the medicines…

Cybercrime in the Maldives has exploded this year, and fraudulent online shopping leads the charge. Police statistics show reported cybercrimes jumped more than 105% in the first six months of 2026 against the same period last year. These crimes all rely on the internet and technology to reach their victims. Maldives Police Service logged 512 cybercrime cases in the first half of 2025. That figure climbed to 1,053 over the same stretch in 2026. Investigators are now working 884 cases this year. They have concluded and filed 457 others after various measures, a total that also folds in cases lodged…

The Ministry of Foreign Affairs has named Qatar a crucial partner in building the Maldivian tourism industry. The ministry credited the late former Emir of Qatar, Sheikh Hamad bin Khalifa Al Thani, with helping the Maldives across many sectors. State Minister for Foreign Affairs Abdulla Hameed spoke during the PSM News’ special coverage. The broadcast followed the passing of the former Emir. Hameed said Qatar has long kept a close relationships with the Maldives. Strong Islamic bonds anchor that friendship, he said. Qatar has also backed the Maldives in many practical ways over the years. How Qatar Airways First Reached…

The Maldives and India have finished the first round of negotiations on a Free Trade Agreement (FTA). Minister of Economic Development and Trade Mohamed Saeed confirmed the milestone. Both governments want the deal in force quickly, and Saeed said the administration aims to start implementing the agreement before the end of this year. Negotiations have now cleared the opening stage of the Maldives-India free trade process. Negotiations Span 12 Sectors The first round covered a wide field. Saeed said the discussions reached across 12 different sectors. Negotiators focused on services, goods, technical barriers, and economic cooperation. Moreover, the consultation drew…