Author: Mohamed Reehaan
Maldives President Dr. Mohamed Muizzu, on Monday, has said that the incumbent government is working towards facilitating equity financing to assist citizens with prospective home development plans. Equity financing remains one of the most significant hurdles to obtaining housing loans. Speaking a press conference held at the President’s Office, the Maldives head of state said that the Housing Trust Fund will be expanded, and efforts will be made to provide equity financing with the assistance of the said fund. He affirmed the government’s commitment to implement the solution within this year. “Once equity finance is provided, individuals can approach banks…
The incumbent cabinet on Monday has approved a string of special measures aimed at strengthening public service delivery and ensure completion of government-endorsed projects within endorsed timelines. Cabinet formalized these decisions at its meeting held on Sunday, June 28. Among the measures, the Cabinet resolved on fully operationalizing the government’s Dhuveli portal by the end of the week. The portal will monitor all government projects and activities: synergizing state vigilance on public interest matters. The portal will run in cohesion with the Public Investment Management System (PIMS) developed by the Ministry of Finance and Public Enterprises. Both platforms will be…
Maldives President Dr. Mohamed Muizzu has refuted rumors claiming that shares of the Development Bank of Maldives (DBM) have been sold to the foreign bank, JP Morgan. The President made this statement while responding to a question from a local reporter during a press conference held on Monday. Addressing the questions posed by the press, the President highlighted that there is absolutely no truth to the rumors circulating about this sale. “Regarding the Development Bank, the story is untrue. The claims mentioned connecting the bank to DBM is devoid of truth. There is a lot of gossip spreading widely right…
French Bee is pushing deeper into the Indian Ocean, opening sales on a new seasonal service that links Paris-Orly with both Malé and Colombo on a single triangular rotation. The first flight departs 19 December 2026, with the programme running through 2 May 2027, and, like most new long haul launches, it remains subject to government approval. Rather than fly two separate point-to-point routes, French Bee will operate one continuous loop: Paris-Orly to Malé, a short hop across to Colombo, and back to Paris. Passengers can book either leg on its own or string both island markets into a single…
For two decades, the Maldivian state has run on paper, queues and ferry trips. Records sat in silos, each ministry asking citizens for the same details a dozen times, and a population scattered across roughly two hundred inhabited islands paid for that friction in time and travel. The Digital Transformation Bill, the “Digital 2.0” bill, is the government’s attempt to end that era by statute. It is one of four linked bills moved under the government’s Maldives 2.0 initiative: a digital-transformation bill, a separate digital-identity bill, a cyber-security bill that creates a National Cyber Security Agency, and a personal-data-protection bill.…
The Maldives Parliament is seeking a sit down with the Maldives Qualification Authority (MQA) to go over the challenges in countering fake or forged academic credentials. North-Galolhu parliamentarian Mohamed ‘Kudoo’ Ibrahim sent a letter, addressed to the Speaker of the Parliament, Abdul Raheem Abdulla. In his letter, the MP highlighted prevailing challenges in effectively combatting forgeries in relation to academic certificates. Major issues highlighted in the letter include: Students receive only symbolic certification without academia Subjects taught in unauthenticated programs do not meet criteria of the international academic standards Employees lack practical knowledge despite academic credentials Employers’ lack of confidence…
The Dhivehi Investment Nafa Fund opened its newest offering, Dhinaf-48, today, putting MVR 40 million worth of fresh investment opportunities into the market. The launch follows the successful close of the fund’s earlier round, Dhinaf-36. Dhinaf hosted a special ceremony at its head office to mark the occasion. Investors can apply from today. Who Can Take Part of How to Qualify Dhinaf operates as an investment fund registered under the Capital Market Development Authority (CMDA). The fund grants investment opportunities according to criteria that meet CMDA regulations. Individuals who wish to join must earn at least MVR 1 million a…
The Ministry of Islamic Affairs and Endowments announces 79 development projects nationwide. The ministry confirmed the figure this week. According to the ministry, these Islamic Affairs development projects aim to strengthen religious infrastructure and services across the country. The portfolio covers four main categories. The ministry is building and upgrading 45 mosques. It is also delivering 12 Islamic Centre projects. A further 16 projects support the National Centre for the Holy Quran. Six waqf building constructions complete the list. The ministry said it is pushing each scheme toward timely and efficient delivery. Communities throughout the Maldives will benefit with the…
Maldives parliamentarians threw their support behind the Maldives 2.0 Digital Transformation Bill this week as Parliament opened preliminary debate on the legislation. Most members who spoke backed the bill, describing it as necessary for the country’s future. Mohamed Ali, the parliamentarian for Gadhdhoo, introduced the bill. It aims to give the Maldives a legal foundation for its ongoing digital transformation drive. What the Bill Does The bill sets out rules for how government institutions adopt and manage digital systems. It standardizes the requirements that government offices must follow when they build software, develop applications, or buy new technology systems. Previously,…
President Dr. Mohamed Muizzu has signed a new Presidential Decree governing cross-subsidy investment in the Maldives. The decree sets out which projects qualify for cross-subsidy arrangements and establishes the minimum investment thresholds contractors must meet to participate. The Maldives Tourism Act requires the government to publish these thresholds annually in the Government Gazette. This decree fulfills that obligation. What the Decree Governs The decree attaches an annex listing eligible projects and their corresponding investment minimums. The list spans a wide range of development priorities including land reclamation for tourism and public use, prison development, airport expansion, social housing, island causeways,…