Maldives Financial Expo begins in Hulhumale'

Jul 2, 2026, 3:48 PM
President Muizzu tours the Maldives Financial Expo following its official inauguration. -- Photo: President's Office

President Muizzu tours the Maldives Financial Expo following its official inauguration. -- Photo: President's Office

The Maldives Financial Expo, organized by the Maldives Monetary Authority (MMA), officially commenced today.

President Mohamed Muizzu inaugurated the expo, which is scheduled to continue at Hulhumale' Central Park until Saturday.

According to the government, this marks the first time in nine years that all stakeholders within the Maldivian financial sector have gathered in one venue for such an event.

The theme for this year’s expo is "Empowering Sustainable Futures: Inclusion, Innovation, and Intelligence."

Participants in the expo include commercial banks, insurance companies, financial service providers, and regulatory bodies, alongside several key government institutions.

Organizers have announced a grand prize of MVR 25,000 for one lucky winner selected from among the visitors. Various other prizes will also be awarded to attendees throughout the event.

The prizes featured at the expo include modern gadgets, cash rewards, and holiday packages. Five iPads will be given away via lucky draw each day. Additionally, two MacBook Airs and two pairs of Apple AirPods are among the prizes available for winners.

To further promote financial literacy, the event will feature gift cards of various denominations as cash prizes. These include three MVR 5,000 gift cards, twelve MVR 1,000 gift cards, and thirty MVR 500 gift cards. Furthermore, seven MVR 5,000 commemorative banknotes will be issued daily.

One of the most exclusive prizes offered is a three-night full-board holiday package for two at Araaik Beach Village in Hoarafushi. The MMA stated that these incentives are designed to bolster public interest and engagement with the financial sector.

Comments

Read More

Latest News

Former Deputy Mayor and two others appointed to SOE boards

The Privatisation and Corporatisation Board has appointed former Deputy Mayor Mohamed Areesh and two others to the boards of state-owned enterprises. Areesh joins Maldives Post Limited, while Ismail Farhad Ahmed and Ahmed Imdah Mohamed were appointed to the medical supply corporation and STO, respectively.

Dhiraagu Gaming Conquest to begin on November 26

The Dhiraagu Maldives Gaming Conquest 2026 will take place from November 26-28 at Kalaafaanu School, featuring a MVR 150,000 prize pool. The event includes tournaments for PUBG Mobile and Rocket League alongside VR and racing simulators. It serves as the nation’s premier platform for local gamers to compete and showcase their talents.

Lease acquisition cost slashed in atolls with few resorts

The Tourism Ministry has slashed resort lease acquisition costs by 25% in five atolls to attract investors. While base rates and land premiums have been significantly reduced for the next two years, interest remains low. Many development projects in these regions continue to face delays or remain stalled despite the new financial incentives.

Malaysian company to build ice plants on 11 islands

The Maldives Fisheries Ministry has partnered with Malaysian firm Altus Oil & Gas to build ice plants on 11 islands. Each site will feature a 30-tonne plant and 50-tonne storage unit to support local fishermen. This project marks a shift from the government’s previous goal of reducing reliance on land-based facilities.

MS Finance license revoked over regulatory violations

The Maldives Monetary Authority revoked MS Finance’s money-changing license and issued a fine for regulatory violations. The firm is allegedly linked to a major money laundering case involving the Football Association of Maldives. This action is part of a broader government crackdown on the country's illegal foreign exchange market.

MIB to convene Extraordinary General Meeting

Maldives Islamic Bank will hold an Extraordinary General Meeting next month. Shareholders registered by October 26 are eligible to participate and vote in person or by proxy. Full details regarding the agenda and timing will be published on the bank's official website.

BML slashes equity to five percent for some housing loans

Bank of Maldives has reduced the equity requirement for housing loans under MVR 3 million from 20% to just 5%. The bank also lowered interest rates to 9.5% and removed additional collateral requirements for these loans. This change aims to make homeownership more affordable by easing the burden of large down payments.

Newsletter

Get the latest news delivered straight to your inbox