Budget
Subsidy spending reaches MVR 4.3 billion, mostly on fuel
Finance Minister Hassan Zareer said the bulk of the subsidy bill this year has gone to fuel, with the state continuing to absorb the cost.
Business
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Banking
MIB sets 26 October as record date for special general meeting
Maldives Islamic Bank has opened registration for its 2026 special annual general meeting, limited to shareholders on the register by the afternoon of 26 October.
Tourism
Fuvahmulah City wins MIB Champion Island award with MVR 500,000 grant
The southern city received a grant of MVR 500,000 to fund community tourism projects after taking top honours at the inaugural MIB Guesthouse Awards.
MPL
MPL clears over 178,000 tonnes of cargo in September
Eggs and onions led the volumes of essential food items handled at Malé Commercial Harbour during the month.
Tourism
Australia rises to seventh-largest tourist market for Maldives
Arrivals from Australia increased 20.2 per cent year-on-year, prompting national carrier Maldivian to expand direct Melbourne flights.
Economy
Maldives Expo 2026 set to become the largest exhibition in the country’s history
Economic Minister Mohamed Saeed says exhibitor numbers have risen 225 per cent, with new International and Visitor Economy districts.
Economy
Economic Minister warns against politicising foreign investment
Mohamed Saeed urged opposition movements to stop spreading misinformation and intimidating potential investors.
Tourism
Domestic flight prices held flat for three years to protect island tourism
Civil Aviation Minister says the decision aims to support connectivity and tourism on islands outside the capital region.
Tourism
October tourist arrivals reach 79,529 so far, down 3.9 per cent
Year-to-date arrivals stand at 1,682,550, also lower than the corresponding period last year.
Economy
Former MWSC managing director criticises plan to buy back Hitachi stake
Abdul Matheen described the proposed repurchase of Hitachi’s 20 percent shareholding as a misguided decision at a time of fiscal pressure.