China
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BusinessBusinesses face challenges in securing dollar support from BML
Bank of Maldives has notified businesses that dollar support for transfers is now strictly subject to availability. Importers face automatic cancellations if accounts lack full invoice amounts, as the bank struggles with a severe foreign exchange shortage. Business owners report receiving zero support and no prior notice of these changes.
BusinessArrivals decline from major markets except Russia and China
Maldives tourism saw a 5.2% decline by July due to regional conflicts, with arrivals dropping across most major and emerging markets. The Middle East and Americas experienced the sharpest decreases. However, China and Russia bucked the trend, showing significant growth and remaining the top source markets for the islands.
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Fourteen tourists rescued after speedboat sinks
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Police rescue Chinese tourist found adrift a mile from resort
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Hiyaa elevator project remains unfinished
Business
Tourist arrivals decline by 5 percent compared to last year
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Maldives joins India's first multilateral military exercise
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Maldives reaffirms ‘One China’ Policy
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Technical team to begin Male' roads survey this month
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China to help build 500 housing units in Male'
Business
Tourism plummets as Middle East conflict disrupts travel
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Land handed to Chinese firm for luxury project despite corruption
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Letter demands a stop to destroying Villimale'
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No date set to begin road redevelopment project in Male'
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Chinese company gets large plot of land in Hulhumale'
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I will prioritise neighbours and Islamic countries: Muizzu
Business
Tourist arrivals from China see sharp decline
Business
Foreign companies contracted to build flats based on experience
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Agreement signed with China to seek a contractor for hospital
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