A ministry renamed and a governance model reshaped: How centralisation of authority risks weakening oversight and increasing political influence over state enterprises. The recent decision to rename the Ministry of Finance and Planning as the Ministry of Finance and Public Enterprises represents more than administrative restructuring. Ministries are occasionally renamed to reflect expanding mandates or shifting priorities. Yet this particular change signals a deeper instituti

The out-of-sequence nature in which the development of VIA was undertaken means that the new upgrades, while in addition to costing more, may have begun to depreciate well before certain facilities went into service. The expansion of the Maldives Airports Company Limited (MACL) managed Velana International Airport (VIA) between 2016 and 2023 was one of the most ambitious infrastructure programmes undertaken by the Maldives. The new Code-F runway, the Noovilu seaplane termin

Dear reader, As we welcome you back after a brief hiatus, our focus for Volume 2, Issue 1 of Maldives Economy Today is Maldives tourism and the nation's monetary outlook. The tourism sector, considered the golden goose of the economy, is currently experiencing a concerning downturn due to the global energy and logistics crisis, yet its unique global appeal has enabled a historic resilience while its future potential to expand and diversify on the traditional offering shows si