Markets, finance and the rufiyaa economy.
The fund expects the current account deficit to triple to 18.6% of GDP this year and government borrowing to reach 11.9% of GDP. The staff report from its September review has not been released.
Revenue nearly tripled in 2025, mostly from jet fuel sales. The state-majority company still lost MVR68.7 million, and its liabilities exceeded its assets at the end of the year.
President Mohamed Muizzu said 20 memoranda of understanding were exchanged in Islamabad, including on tourism, and that talks on direct flights were continuing.
The central bank said the money changer broke the regulation on money-changing businesses. It is the second money changer MMA has announced action against since August.
The statistics bureau’s essentials index has climbed since April, while the broader consumer price index rose 0.76% in the year to August.
The swap, drawn in April by the Maldives Monetary Authority, was due in October. India's announcement does not say how long it has been extended.
Financial services drove growth, according to the statistics bureau's monthly estimates. Tourism output rose on a year earlier for the first time since February.
Goods vehicles carrying more than 350kg, trucks, cranes, forklifts and trailers may not run from 06:00 to 08:30 and 11:30 to 13:30 on most roads in Malé, with the morning ban also covering Hulhumalé, the bridge and the highway.
The appointment took effect on 15 October, as STELCO takes over utility services from FENAKA ahead of the company's planned dissolution.
Finance Ministry data to 8 October show MVR4.26 billion spent on subsidies against MVR2.89 billion budgeted for all of 2026, as total spending rose 18.3% and revenue 3%.
The Economic Minister says 150 foreign investments must meet the new requirements, and 17 have applied to comply.
Vehicle owners will be notified by SMS and email. The ministry has separately restricted the hours heavy vehicles can use roads in Malé and the Hulhumalé–Malé bridge.
The Economic Ministry says it keeps receiving complaints about goods on sale without visible prices and will monitor businesses under the Consumer Protection Act.
The month included the final US$50 million repayment on a 2019 State Bank of India facility. Usable reserves, on the central bank’s own measure, fell to about US$170 million.
September revenue was 10.7% lower than a year earlier, but collections for the year so far are 8.9% ahead of 2025.
Businesses that had not engaged with the Economic Ministry by 8 October will receive formal notices, and share transfers to Maldivians will be checked for genuine local control.
Third-quarter profit rose 36%, while the foreign currency the bank sold to customers in nine months almost matched its total for all of 2025.
The one-notch upgrade reflects lower near-term default risk, but the agency expects the budget deficit to widen to 8.0–8.5% of GDP this year.
The new facility requires repayments in US dollars and offers terms of up to 15 years, with a 20 per cent equity requirement.
The planned 60-hectare port will initially handle 390,000 TEUs a year, with a larger international quay and a separate domestic harbour.
The nine-day Hulhumalé event will bring resorts, guesthouses, airlines and travel businesses into a dedicated visitor-economy programme.
Finance Ministry figures through 24 September put subsidy expenditure at MVR4.15 billion and the overall fiscal deficit at MVR3.36 billion.
The limit took effect on 1 October. The existing daily ceiling of US$1,600 per card remains in place.
The platform launched on 1 October. MIRA’s current guidance lists phased reporting and integration dates, while returns remain in MIRAconnect.
The facility took effect on 27 August. Indian suppliers must provide at least 75 per cent of the applicable contract value.
September earnings fall under a shorter conversion timetable, as Category A tourism businesses move to a 40 per cent requirement.
The 2027–2031 strategy targets public finances, state utilities and renewable energy, with public and private financing planned.
The change also covers new personal financing applications, while conventional services remain available on request.
The ministry lists different periods by sector and investment size, with individual terms issued through its transition committee.
A presidential decree also changes dates for water bottles and the size threshold for other bottled drinks.
