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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
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
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
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
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
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
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
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
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?
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
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?
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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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Kuramathi; a tourism institution
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
Uniqueness, luxury, adventure, and self-discovery, are some of the philosophies that drive the Maldives' tourism outlook. Read more: https://buff.ly/3pnO0fa
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? Read more: https://buff.ly/3jlPHWH
Main headlines of Edition 25
Maldives public sector debt has reached 149% of GDP by the end of 2020. Far exceeding the threshold recommended by the IMF. #Maldives #MaldivesFR
Kaashidhoo Environment and Heritage Associati
Latitude: 4° 57' 11. 99" N Longitude: 73° 27' 31. 79" E
