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    STO Posts MVR 785M Net Profit on MVR 16.7B Revenue as Resilience Outweighs Market Headwinds

    May 2, 2026

    Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

    April 29, 2026

    State Recovers MVR 800M in Outstanding Revenue

    April 29, 2026
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      STO Posts MVR 785M Net Profit on MVR 16.7B Revenue as Resilience Outweighs Market Headwinds

      May 2, 2026

      Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

      April 29, 2026

      State Recovers MVR 800M in Outstanding Revenue

      April 29, 2026

      Malé Hospitals Move to Strengthen Backup Power Capacity

      April 29, 2026

      Minister Denies Political Motive Behind Gedhoruveriyaa Housing Delays

      April 29, 2026
    • BUSINESS

      STO Posts MVR 785M Net Profit on MVR 16.7B Revenue as Resilience Outweighs Market Headwinds

      May 2, 2026

      Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

      April 29, 2026

      Malé Hospitals Move to Strengthen Backup Power Capacity

      April 29, 2026

      Dr. Ali Azwar Takes the Helm at STELCO as New Managing Director

      April 28, 2026

      Government Targets 33% Renewable Energy Shift to Cut State Spending

      April 26, 2026
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    Maldives Business TimesMaldives Business Times
    BUSINESS
    BUSINESS

    State not liable with MVR74 m damages over Kautihulhudhoo case

    October 31, 2022

    Maldives Civil Court ruled recently that the government is not liable to pay MVR74 million as reparations for its seizure of GDh.…

    PUBLIC SECTOR
    PUBLIC SECTOR

    Tourism Employees Association supports 2023 tax bump

    October 27, 2022

    Tourism Employees Association of Maldives (TEAM) declares its support to state’s decision to hike Goods and Services Tax (GST) for 2023. The…

    FINANCE
    FINANCE

    Parliament approve Auditor General’s Office MVR93m budget for 2023

    October 27, 2022

    Maldives Parliament approves Auditor General’s Office budget of MVR93 million for 2023. The budget was submitted by parliament’s Financial Committee for voting…

    FINANCE
    FINANCE

    MIRA reports state revenues up by 38.3% in Q3-2022

    October 26, 2022

    State collected a revenue total of MVR5.40 billion in Q3-2022, reports Maldives Inland Revenue Authority (MIRA). According to MIRA, this marks a…

    PUBLIC SECTOR
    PUBLIC SECTOR

    President Solih confers National Awards of Honor, National Awards of Recognition

    October 24, 2022

    President Ibrahim Mohamed Solih conferred the National Award of Honor to 10 recipients, and the National Award of Recognition to 22 recipients.…

    FINANCE
    FINANCE

    GST annual total reach MVR7.4bn, Business and Property Tax at MVR3.9bn

    October 21, 2022

    According to the most recent update from Ministry of Finance, Goods and Services Tax (GST) has reached an annual total of MVR7.4…

    FINANCE
    FINANCE

    State expenditure hit MVR28.9bn, revenues at MVR21.1bn

    October 21, 2022

    Cumulative total of state expenditure hit MVR28.9 billion as of 13th October 2022, reports Ministry of Finance. Meanwhile, cumulative total of state…

    BUSINESS
    BUSINESS

    Kudagiri Picnic Island to open in November 2022

    October 19, 2022

    Ministry of National Planning, Housing and Infrastructure (MNPHI) is gearing to open Kudagiri Picnic Island for the public by the end of…

    PUBLIC SECTOR
    PUBLIC SECTOR

    More than MVR1B in tourism related revenues owed to state

    October 19, 2022

    Ministry of Finance has revealed state is owed more than one billion Rufiyaa in tourism-related taxes and fines including TGST and Green…

    FINANCE
    FINANCE

    Maldives economic update, outlook and risks

    October 17, 2022

    Maldives economy continued to recover strongly in 2022, driven by a rebound in tourism while poverty is expected to return to pre-pandemic…

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    BUSINESS

    Government Expands Subsidized Fuel Stations for Fishermen to Nine Locations

    April 29, 2026

    The Maldivian government has expanded subsidized fuel for fishermen to nine service locations nationwide, up…

    State Recovers MVR 800M in Outstanding Revenue

    April 29, 2026

    Malé Hospitals Move to Strengthen Backup Power Capacity

    April 29, 2026
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