Maldives Sets November 2027 Target for Thilafushi Commercial Port
The planned 60-hectare port will initially handle 390,000 TEUs a year, with a larger international quay and a separate domestic harbour.
Business
Markets, finance and the rufiyaa economy.
Wednesday 7 October 2026
Maldives Expo Sets 25 October Opening with New Tourism District
The nine-day Hulhumalé event will bring resorts, guesthouses, airlines and travel businesses into a dedicated visitor-economy programme.
Tuesday 6 October 2026
Maldives Subsidy Spending Exceeds Annual Budget by MVR1.26 Billion
Finance Ministry figures through 24 September put subsidy expenditure at MVR4.15 billion and the overall fiscal deficit at MVR3.36 billion.
BML Caps Monthly Dollar ATM Withdrawals at US$3,500 per Customer
The limit took effect on 1 October. The existing daily ceiling of US$1,600 per card remains in place.
Monday 5 October 2026
MIRA Launches Digital Guest Reporting for Green Tax
The platform launched on 1 October. MIRA’s current guidance lists phased reporting and integration dates, while returns remain in MIRAconnect.
Saturday 26 September 2026
RBI Confirms India’s INR48.5 Billion Credit Line for Maldives Projects
The facility took effect on 27 August. Indian suppliers must provide at least 75 per cent of the applicable contract value.
Friday 25 September 2026
Resorts Face 28 October Deadline under New Currency Rules
September earnings fall under a shorter conversion timetable, as Category A tourism businesses move to a 40 per cent requirement.
ADB Backs Five-Year Maldives Plan for Debt Reform and Energy Security
The 2027–2031 strategy targets public finances, state utilities and renewable energy, with public and private financing planned.
BML Makes Islamic Banking the Default for New Personal Accounts
The change also covers new personal financing applications, while conventional services remain available on request.
Maldives Foreign Investment Rules Near One-Year Transition Mark
The ministry lists different periods by sector and investment size, with individual terms issued through its transition committee.
Maldives Pushes Plastic Straw Import Ban to 2031
A presidential decree also changes dates for water bottles and the size threshold for other bottled drinks.
UK and Maldives Pursue Closer Trade Ties as Tuna Tariff Relief Runs to 2028
The London dialogue covered fisheries, tourism, renewable energy and financial services.
Maldives Signs US$1.5 Billion Trade-Finance Framework
The five-year ITFC agreement covers essential imports and financing through local banks for businesses.
Aasandha Co-Payments Planned for Salaries above MVR60,000
The income-based reform is planned for October. The government projects annual savings of MVR287 million.
Maldives Clears US$150 Million SBI Facility with Final Payment
The last US$50 million was repaid on 17 September. BML says the payment did not use its funds or customer deposits.
Monday 21 September 2026
Eagle Hills Opens Maldives Waterfront Property Registrations
The developer lists serviced apartments, apartments and villas. Its public registration page does not give prices or a handover date.
BML Dollar Outflows Rise a Third as Transfer Delays Hit Customers
The bank reports US$653 million in dollar sales through August and attributes transfer delays to a temporary supply-demand mismatch.
Maldives and Malaysia Move towards Preferential Trade Talks
The proposal follows Anwar Ibrahim's state visit, which also brought a US$100 million currency swap announcement and education agreements.
