Author: Mohamed Reehaan

The Maldives state has earned a revenue of MVR 18.58 billion (inclusive of foreign grants) as of June 26th, according to the Ministry of Finance. As per the ministry’s data, the state has earned this much on a cumulative year-to-date basis. During the same period, the government’s spending has reached MVR 17.95 billion which meant the overall balance for the period is a surplus of MVR 628.2 million. State has earned MVR 14.2 billion in tax revenues and another MVR 4.2 billion in non-tax revenues so far this year. In the same period last year, state earned MVR 13.3 billion…

Maldives Inland Revenue Authority (MIRA) data reveals the state earned MVR 2.63 billion in June 2025, a 27.0% increase compared to the same month in 2024. According to MIRA, the total revenue collected in June this year included USD 116.73 million. Total revenue in the review month increased mainly due to higher collections of TGST, Green Tax, and land acquisition and conversion fee. Tourist arrivals in May 2025 rose by 13.1% compared to the same month last year, which boosted collections of TGST, Green Tax, and airport taxes and fees. The revenue collected in June this year was also 10.4%…

Dhiraagu has announced an exciting new promotion for its prepaid customers, allowing them to win exciting prizes every week. All Dhiraagu prepaid customers can enter this lucky draw simply by reloading any amount above MVR 20 through any channel. This limited time offer runs until July 31, 2025 which could give multiple opportunities for customers to win. The prizes Dhiraagu announced under the promotion include: PlayStation 5 Slim Dell Laptop Samsung Galaxy Tab A9+ Concierge Group $500 Batik Air Gift Vouchers The lucky winners of the $500 Batik Air gift voucher can redeem it while making bookings through Concierge Group,…

Ooredoo Maldives assures readiness in supporting investors with connectivity and other resources to enhance digitalization efforts in the Maldives, says Chief Executive Khalid Al-Hamadi. Al-Hamadi said this at the Maldives-Singapore Business Forum 2025, while speaking on the ‘From Foundation to Future: Exploring Investment Partnership’ panel discussion. The panel discussion focused on utilizing submarine cables for enhanced connectivity and strengthening sustainable development practices, tourism and other key areas. Al-Hamadi, while speaking at the panel emphasized the importance of connectivity in creating investment opportunities. “Maldives has a sophisticated and responsibly-utilized technological infrastructure, and while six international submarine cables connect the world, Ooredoo…

Fenaka Corporation has appointed Hussan Sham Adam as the new Chairman of the board. Sham, who was initially appointed as the State Minister of Finance under the current administration, had served as a director at the state-owned utility provider previously. His other key positions include the Deputy Minister of Finance during Abdulla Yameen Abdul Gayoom’s administration in 2016, and had been a senior figure at the Maldives Islamic Bank (MIB) before transitioning to public sector.

The Maldives has been crowned Indian Ocean’s Leading Destination for the sixth consecutive year at the World Travel Awards (WTA). Maldives Marketing and Public Relations Corporation (MMPRC/ Visit Maldives) the official tourism body of the island nation recently confirmed this achievement, along with the recognition of Indian Ocean’s Leading Green Destination at the WTA Indian Ocean Category. This is the second time Maldives has won this particular accolade, with the first one in 2024. The accolades were received by the CEO and Managing Director of MMPRC, Ibrahim Shiuree. Speaking about this achievement, Shiuree said the accolades were a significant highlight…

The Maldives Airports Company Limited (MACL) successfully conducted comprehensive familiarization tours for 45 stakeholders including 36 airlines. The familiarization tours were conducted in preparation for the opening of the new passenger terminal at Velana International Airport (VIA), scheduled to commence operations on July 26, 2025 – coinciding with the Maldives Independence Day. These tours focused on the new terminal’s facilities and operations, ensuring seamless service delivery without any operational disruptions. The sessions were part of ORAT procedures and protocols required before the terminal’s official opening. The familiarization tours covered a broad spectrum of aviation industry participants, that included airlines operating…

It’s been over 50 years since tourism as an activity began in the Maldives. What started out a single tourist resort that had welcomed a group of hippie backpackers from Italy, has grown into becoming a near-trillion dollar industry which has been recognized as a leading destination at a global scale for five consecutive years. The current Maldivian tourism scene boasts of over 150 operational tourist resorts and close to 900 guesthouses. There is a mixture of various other segments that contribute towards a combined total of more than 60,000 tourist beds as per the most recent numbers published by…

The State Electric Company Limited (STELCO) in a smart move has introduced the STELCO Inhouse Training Pool, a new and interesting approach towards capacity, skills and overall personnel development of the utility service provider. While introducing the pool, STELCO’s Managing Director Hussain Fahmy said that the corporation always prioritizes capacity and skills development of its employees to ensure better service standards. The pool’s primary objective is enhancing the available skills and capabilities of the existing STELCO employees and pool the resources and knowledges among them in order to assist and boost the knowledge-base of each other. STELCO said the inhouse…

The newly appointed Ambassador of the Kingdom of Spain to the Maldives, Juan Antonio March Pujol paid a courtesy call on Maldives Minister for Foreign Affairs, Dr. Abdulla Khaleel on Tuesday, June 24. His courtesy call on the Minister of Foreign Affairs had come shortly after he presented the letter of credence to Maldives President Dr. Mohamed Muizzu at a ceremony held for this at the President’s Office on Monday. Minister Khaleel congratulated the newly appointed Spanish Ambassador on the presentation of his letter of credence to Maldives President, and at the meeting between the two, the minister assured Maldives’…