The Times of Addu

16/04/2025

he government has achieved a significant budget surplus of MVR 3.4 billion through strategic expenditure reductions while maintaining revenue growth, according to the latest financial statistics released by the Ministry of Finance. As of last Thursday, state revenue reached MVR 11.2 billion, representing an increase of approximately MVR 500 million compared to the same period last year. Tax revenue accounted for MVR 8.7 billion of this total, with the remaining MVR 2.5 billion generated from other revenue sources....

he government has achieved a significant budget surplus of MVR 3.4 billion through strategic expenditure reductions while maintaining revenue growth, according to the latest financial statistics re…

16/04/2025

A Nepalese national sustained injuries following an assault with a sharp weapon in the Maldivian capital late yesterday evening, authorities confirmed. According to police officials, reports of the incident on Kurikeela Road were received by law enforcement at approximately midnight. The victim, whose identity has not been disclosed, was subsequently transported to Indira Gandhi Memorial Hospital for medical attention. Hospital sources, as cited by police, indicate that while the victim remains under medical care, his condition is not considered life-threatening....

A Nepalese national sustained injuries following an assault with a sharp weapon in the Maldivian capital late yesterday evening, authorities confirmed. According to police officials, reports of the…

16/04/2025

Maldives bans entry for Israeli passport holders in protest over Gaza conflict
https://timesofaddu.com/2025/04/16/maldives-bans-entry-for-israeli-passport-holders-in-protest-over-gaza-conflict/

16/04/2025

In a significant diplomatic move, Maldivian President Dr. Mohamed Muizzu has ratified legislation that prohibits Israeli passport holders from entering the island nation, citing Israel's military operations in Gaza. The Third Amendment to the Maldives Immigration Act was approved by the People's Majlis (parliament) on April 15 and subsequently signed into law by the president. The amendment explicitly bars individuals traveling on Israeli passports from entering Maldivian territory, marking a notable escalation in the country's response to the ongoing Israel-Hamas conflict....

In a significant diplomatic move, Maldivian President Dr. Mohamed Muizzu has ratified legislation that prohibits Israeli passport holders from entering the island nation, citing Israel’s mili…

15/04/2025

Bank of Maldives (BML) has revealed that its extensive ATM network processes approximately 99 million rufiyaa in daily transactions across the country, according to recently published statistics. The data indicates that BML's comprehensive ATM infrastructure handles roughly 30,000 transactions per day, with customers depositing 28.6 million rufiyaa through these self-service terminals. The bank's ATM network in the outer atolls plays a particularly significant role, processing 41 million rufiyaa daily through 15,000 transactions, which includes 12.3 million rufiyaa in daily deposits....

Bank of Maldives (BML) has revealed that its extensive ATM network processes approximately 99 million rufiyaa in daily transactions across the country, according to recently published statistics. T…

15/04/2025

MALE, Maldives, Maldivian President Dr. Mohamed Muizzu has sent official condolences to Malaysian Prime Minister Anwar Ibrahim following the death of Abdullah Ahmad Badawi, Malaysia's fifth Prime Minister. In his message, President Muizzu expressed "profound sorrow" at Badawi's passing, describing him as a "distinguished statesman who dedicated much of his life to public service and the advancement of his nation."...

MALE, Maldives, Maldivian President Dr. Mohamed Muizzu has sent official condolences to Malaysian Prime Minister Anwar Ibrahim following the death of Abdullah Ahmad Badawi, Malaysia’s fifth P…

15/04/2025

Transport Minister Mohamed Amin revealed that more than 200 trained pilots in the Maldives are currently unemployed, highlighting a significant imbalance in the aviation sector's training and employment capacity. Speaking at a press conference held at the President's Office, Minister Amin addressed the critical issue of pilot oversupply, stating he had previously advocated against allowing large numbers of students to pursue pilot training simultaneously....

Transport Minister Mohamed Amin revealed that more than 200 trained pilots in the Maldives are currently unemployed, highlighting a significant imbalance in the aviation sector’s training and…

14/04/2025

Saudi fund boosts Maldives’ strategic Airport expansion with $17 Million loan

14/04/2025

MALE, Maldives - The Saudi Fund for Development (SFD) has deepened its investment in the Maldives' tourism infrastructure by signing a $17 million loan agreement to accelerate completion of the new terminal at Velana International Airport (VIA), the island nation's primary gateway. The agreement, formalized during a ceremony at the President's Office in Male, represents the second financing arrangement within a year for the strategically important project that has faced significant delays....

MALE, Maldives – The Saudi Fund for Development (SFD) has deepened its investment in the Maldives’ tourism infrastructure by signing a $17 million loan agreement to accelerate comp…

14/04/2025

Maldives reserves decline raises economic concerns

14/04/2025

Türkiye to donate missile boat TCG Volkan to Maldives to boost maritime security.
https://timesofaddu.com/2025/04/13/turkiye-to-donate-missile-boat-tcg-volkan-to-maldives-to-boost-maritime-security/

14/04/2025

Maldives Immigration Proposes Revisions to Israeli Passport Ban

MALÉ, Maldives — Maldives Immigration has proposed significant modifications to a controversial bill that would ban Israeli passport holders from entering the island nation, potentially soften…