Maldives Financial Review

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At Maldives Financial Review (MFR), we believe our readers expect us to keep them richly informed about the Maldives' economy, financial sector and other key socioeconomic development.

Failure of Solih Government to uphold transparency and integrity
17/07/2023

Failure of Solih Government to uphold transparency and integrity

Accountability and transparency are widely recognized as crucial elements in any workplace, particularly within government offices. These fundamental principles are intricately linked, as the absence of either undermines the effectiveness...

Global Gender Gap Index 2023: Maldives at 124th out of 146 countries
13/07/2023

Global Gender Gap Index 2023: Maldives at 124th out of 146 countries

The Gender Gap Index is an annually published report by the World Economic Forum (WEF) with the intent of capturing the magnitude of gender-based disparities and tracking progress over time....

The ill-treated foreign workers in the Maldives
13/07/2023

The ill-treated foreign workers in the Maldives

Earlier this year, a major issue that was lurking underneath one of the housing development projects in the Maldives arose when a local news media did an interview with the...

Prosthetics and orthotics laboratory to be opened in Hulhumale’ hospital
13/07/2023

Prosthetics and orthotics laboratory to be opened in Hulhumale’ hospital

Exciting developments are underway in the Maldivian health sector, as the Hulhumale' hospital recently made a groundbreaking announcement. In the near future, the hospital will open a prosthetics and orthotics...

Move towards digitalisation: the Launch of the OneGov
13/07/2023

Move towards digitalisation: the Launch of the OneGov

The traditional process of obtaining services from Government offices has long been a source of frustration for people, requiring them to physically visit the office, endure lengthy queues, and potentially...

BML Community Fund: Outdoor reading park at Milandhoo School
13/07/2023

BML Community Fund: Outdoor reading park at Milandhoo School

Community development projects are highly significant for the advancement of a community, especially in smaller places like the Maldives islands. These initiatives play a vital role in creating new opportunities...

One Central Park project completed
13/07/2023

One Central Park project completed

On July 6th, the completion of the 'One Central Park' housing project in Hulhumale marked another successful milestone in the housing industry. The project's construction began in 2016 when the...

Solih gives away 6,200 land plots from Male area sixty days before election
05/07/2023

Solih gives away 6,200 land plots from Male area sixty days before election

The Greater Male' Area in the Maldives has experienced a severe housing crisis, leading to overcrowding that remains unresolved. As landlords capitalize on the situation by charging exorbitant rents, affordable...

Regulating AI - what's next?
05/07/2023

Regulating AI - what's next?

Speaking at the MIT Technology Review’s EmTech Digital conference in May 2023, Geoffrey Hinton, who is often described as the Godfather of AI, warned about the threat of Artificial Intelligence...

Political parties express concerns over the lack of trust in the Elections Commission
05/07/2023

Political parties express concerns over the lack of trust in the Elections Commission

The upcoming election season in the Maldives is characterized by heightened emotions, with opposing parties engaged in intense exchanges and a significant amount of back-and-forth. While these emotions are a...

Nasheed’s fight for democracy - is history repeating itself?
03/07/2023

Nasheed’s fight for democracy - is history repeating itself?

While democracy might seem like a term that is constantly used in the Maldives, for this small island nation the term democracy is seemingly new. For the Maldives, true democracy...

Disappointing performance by the Maldives national team at SAFF Championship 2023
03/07/2023

Disappointing performance by the Maldives national team at SAFF Championship 2023

The year was 2008, and Maldives had won its first-ever SAFF Championship Cup. The country was filled with the sounds of joy and celebration, as friends, neighbours, families and even...

Iraqi refugee desecrates Quran during Eid rally in Sweden
03/07/2023

Iraqi refugee desecrates Quran during Eid rally in Sweden

In a world that is increasingly interconnected, one cannot ignore the remarkable tapestry of faith that exists among humanity. Spanning continents and encompassing countless cultures, religions have played a vital...

Voting process for the visually impaired
03/07/2023

Voting process for the visually impaired

With the imminent arrival of the election season, the Maldives is fervently gearing up for the highly anticipated Presidential race scheduled for September 2023. In a laudable effort to promote...

Maldives closing in on a million arrivals
03/07/2023

Maldives closing in on a million arrivals

2023 is proving to be yet another successful year of tourism for the Maldives as the country is now close to a million tourist arrivals. 

MIB introduces online account application
03/07/2023

MIB introduces online account application

In recent years, the banking sector in the Maldives has been embracing technological advancements to enhance customer convenience. With this, the Maldives Islamic Bank (MIB) has implemented various measures to...

Raa Atoll corruption and protection from Solih government
03/07/2023

Raa Atoll corruption and protection from Solih government

Even in a small country like the Maldives, the amount of corruption that takes place in plain sight, even in Government offices can be quite unbelievable for many who see...

Democracy hijacked: HRCM flags disruption in legislative functioning
03/07/2023

Democracy hijacked: HRCM flags disruption in legislative functioning

In recent times, the Maldives, a small island nation that obtained its Republic status in 1968, has witnessed a gradual blurring of lines between the branches responsible for ensuring political...

World Bank Provides US$67.8 million financing
03/07/2023

World Bank Provides US$67.8 million financing

The Government of Maldives and the World Bank on 18 June 2023 have signed two agreements totalling USD67.8 million (approximately MVR1 billion) to support critical reforms to state-owned enterprises (SOEs),...

Former tourism minister and zero tolerance
03/07/2023

Former tourism minister and zero tolerance

In July 2021, MFR covered the story of Ali Waheed, "The man who knew (too much)", former Minister of Tourism in Solih's government, who was accused of sexual harassment and...

The Fifth Tourism Master Plan - A primer
18/06/2023

The Fifth Tourism Master Plan - A primer

In May 2023, the Ministry of Tourism (MoT) released the anticipated Fifth Tourism Master Plan (5TMP). This comprehensive plan is a pivotal document that chronicles the vision, policy priorities, and...

Maldivian hypocrisy on climate change revisited
18/06/2023

Maldivian hypocrisy on climate change revisited

The move towards protecting the environment and living a more sustainable life involves much more than reducing plastic usage and composting your food waste. When it comes to sustainability and...

Visa-free travel to EU countries for Maldivians
18/06/2023

Visa-free travel to EU countries for Maldivians

On 13th June 2023, the 4th Senior Officials meeting between the Maldives and the European Union (EU) took place in Brussels, and the discussions of the meeting piqued the interest...

MVR 1.7 million in plastic bag fee in a month
18/06/2023

MVR 1.7 million in plastic bag fee in a month

Sustinabilability is the new word that we have been hearing all around. Whether the word is being used to raise awareness about the greater good of making more eco-friendly decisions,...

Maldives tourism update: total arrivals cross 800 thousand
18/06/2023

Maldives tourism update: total arrivals cross 800 thousand

Following the lockdown in 2020, many people around the globe assumed that the pandemic brought an end to the tourism industry. As borders closed and people went into quarantine mode...

Maldives education sector and schools lag in funding
10/06/2023

Maldives education sector and schools lag in funding

In Maldives, general education is delivered through a network of public and private schools across the country. According to data from the Ministry of Education (MOE), as of June 2022,...

Material Recovery Facility opened in the Maldives
07/06/2023

Material Recovery Facility opened in the Maldives

In recent years, the Maldives has been putting in extra effort to protect the small island nation against the adverse effects of climate change. As time goes on and the...

Solar-power generated ice plants to be developed in the Maldives
05/06/2023

Solar-power generated ice plants to be developed in the Maldives

While it has been some time since the world started making a move towards sustainability, some of the major efforts towards reducing our carbon footprint on the planet started only...

'Surprise' financial evaluation fee for Vinares flats
04/06/2023

'Surprise' financial evaluation fee for Vinares flats

While there is a housing project after a housing project that is being completed in the Maldives - there are related various issues in addition to the problems that it...

Urbanco to provide humanitarian aid to countries
04/06/2023

Urbanco to provide humanitarian aid to countries

Just two months ago, on April 1st 2023 the Housing Development Corporation (HDC) during an event to celebrate its 22-year anniversary officially announced its rebranding to Urbanco.

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Videos

Kuramathi; a tourism institution
Kuramathi; a tourism institution

Kuramathi; a tourism institution

The Maldives holds Investment Forum in Dubai
The Maldives holds Investment Forum in Dubai

Aggressive campaigning aside the Solih Administration might have to sort out the regulatory, and the economic, climate at home before selling off more islands in the name of progress.

Main headlines of Edition 26
Main headlines of Edition 26

Main headlines of Edition 26

Destination Maldives
Destination Maldives

Uniqueness, luxury, adventure, and self-discovery, are some of the philosophies that drive the Maldives' tourism outlook. Read more: https://buff.ly/3pnO0fa

The Integrated National Public Ferry Network
The Integrated National Public Ferry Network

A reliable network will undoubtedly revolutionise the nation's development and make significant positive impacts on lives. Read more: https://buff.ly/3Ga3byj

What happened with the Pension Office CEO?
What happened with the Pension Office CEO?

What happened with the Pension Office CEO? Read more: https://buff.ly/3jlPHWH

Edition 25 of Maldives Financial Review
Edition 25 of Maldives Financial Review

Main headlines of Edition 25

Maldives Government Debt
Maldives Government Debt

Maldives public sector debt has reached 149% of GDP by the end of 2020. Far exceeding the threshold recommended by the IMF. #Maldives #MaldivesFR

Maldives Financial Review
Maldives Financial Review

Welcome to the Maldives Financial Review. Read more at www.mfr.mv

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