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Economy

Nine resignations later, Pension Office confirms MVR2.4 billion bond deal
Explainer

Nine resignations later, Pension Office confirms MVR2.4 billion bond deal

Board members resigned rather than approve it. The money moved anyway.

29 Jul, 17:27

Artwork: Dosain
Economy

Who broke the Rufiyaa? Two records and a blame game

BML has never sold more dollars, the street has never charged more.

14 Jul, 20:02

Artwork: Dosain
Economy

A door to PayPal, opened part way

The "seamless integration" shows its seams three weeks after the victory lap.

08 Jul, 17:28

Artwork: Dosain
Explainer

Invest a dollar, lose a dollar? What BML's new scheme really does

Critics say the 25 percent return is the black market premium in disguise.

01 Jul, 17:40

Artwork: Dosain
Economy

Solvent on paper, short on dollars: the Maldives economy in mid-2026

The IMF saw resilience. Maldivians saw their cards declined.

22 Jun, 17:30

Artwork: Dosain
Economy

Maldives chairs tuna commission, watches EU walk away with larger quota

EU distant fleets land lion's share of Indian Ocean yellowfin quota.

26 May, 17:24

Artwork: Dosain
Economy

"No data is shared." But Bank of Maldives and Immigration quietly rewrote the rules.

Two amendments, no notice, and a legal basis no one can produce.

07 May, 16:03

Artwork: Dosain
Economy

War costs mount but austerity plan stays under wraps until after Saturday's vote

Uninterrupted supplies assured as government breaks ground on a dozen projects.

30 Mar, 16:58

Half a gas cylinder, double the diesel price: the oil shock hits Maldives
Economy

Half a gas cylinder, double the diesel price: the oil shock hits Maldives

From the pump to the jetty, the war's cost arrives.

17 Mar, 17:25

Artwork: Dosain
Economy

Asia declares emergency. Maldives says it won't run out of oil.

The damage from the oil price shock is baked in.

11 Mar, 17:52

Artwork: Dosain
Economy

Middle East war leaves Maldives exposed on every front

Flight cancellations, surging oil prices and a US$ 500 million debt deadline collide.

02 Mar, 12:29

Artwork: Dosain
Economy

"Dangerous precedent": pension board clears path for MVR 2.4 billion money printing scheme

Five officials resigned in protest over the purchase of government bonds.

04 Feb, 19:08

Artwork: Dosain
Explainer

The US$ 500 million reckoning in April: what is a sukuk and why does it matter?

A guide to the Maldives' debt crunch in plain English.

28 Jan, 16:21

Artwork: Dosain
Economy

The US$ 500 million question: can the Maldives avoid default in April?

The 2021 sukuk comes home to roost.

15 Jan, 17:31

Artwork: Dosain
Economy

The Noonu corridor: Maafaru emerges as Maldives' private jet hub

A turtle nesting beach became a billionaire gateway.

12 Jan, 17:31

Artwork: Dosain
Economy

"Can't carry on, can't go out to fish": Maldives yellowfin industry fights for survival

A fleet that once numbered 300 has shrunk to 97.

17 Dec 2025, 16:24

Artwork: Dosain
Economy

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

Seventy cents of every dollar will go to debt payments.

02 Nov 2025, 23:06

Artwork: Dosain
Explainer

The pension fund workaround: the Maldives money printing controversy

QE or creative accounting? The MVR 2.4 billion transaction explained.

27 Oct 2025, 15:37

Artwork: Dosain
Economy

Maldivians adapt to Temu tax as dollar crisis persists

Shoppers continue buying despite 30 percent fee on Chinese platforms.

10 Sep 2025, 16:13

Artwork: Dosain
Economy

Exchange rate buckles as Maldives central bank fights losing battle

Twin deficits drive economy toward possible default.

11 Aug 2025, 23:11

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