Economy

Between government optimism and World Bank warnings: dissecting the 2026 budget

Seventy cents of every dollar will go to debt payments.

Maldivians adapt to Temu tax as dollar crisis persists

Shoppers continue buying despite 30 percent fee on Chinese platforms.

Exchange rate buckles as Maldives central bank fights losing battle

Twin deficits drive economy toward possible default.

Nine years and US$ 1 billion later: Maldives unveils landmark airport terminal

Leaders trade blame over costly infrastructure saga.

Pilot strike threat exposes fault lines of Maldives' currency crisis

"We don't sell our dollars for profit," says a TMA pilot.

Maldives breathes sigh of relief as Iran-Israel ceasefire averts economic catastrophe

An oil price spiral could have devastated the tourism-dependent economy.

Maldives dollar crisis deepens amid rising oil prices and debt pressures

The 28 percent black market premium has sparked fears of inflation.

Maldives ditches subsidy reforms, bets on SOE efficiency for budget savings

Economists are skeptical of the new cost-cutting strategy.

Maldives hopes to avert debt default with US$9bn finance hub investment

A joint venture was signed with a Qatari family office.

Money printing will trigger inflation crisis, warns ex-central bank governor

"No injections will be made without fiscal space," deputy speaker assures.

Illusory budget surplus masks economic peril as debt crisis looms

Long overdue fiscal reforms remain stalled.

Government promises "quick intervention" to control Ramadan food prices

Monitoring system targets 141 Ramadan staples.

Capacity crunch forces fishing boats to queue up for days

The backlog will be cleared in two days, the fisheries minister assured.

Maldives downgraded to ‘fragile state’ by IMF

Tax authority reports fall in revenues for April

Tax receipts fell 19.9 percent below forecasts in April, the Maldives Inland Revenue Authority has said. Some MVR887.3million (US$57.5million) was collected last month.

President Yameen’s anniversary – The economy in review

Maldives economy “relatively buoyant” but fiscal imbalances continue to grow: IMF

Finance minister fears spiralling deficit will leave civil servants without pay

Maldives to begin oil exploration with assistance of research vessel

Newly appointed MMA governor reveals plans to strengthen economy