Maldives Calls for Abolition of Veto Power in UNSC Amid ‘Israel’s Genocide Against Palestinians’
The Maldives has called for the abolishing of veto powers within the UN Security Council, underlining that the world cannot...
Official Reserves, Inflation Decline in March
The Maldives’ Official Reserves stood at US$541.8 million at the end of March 2024, according to data released by the...
Government Initiates Treasury Bills Sale Worth MVR 2 Billion
Treasury Bills (T-Bills) worth MVR 2 billion will be issued to cover government expenditure, with the Ministry of Finance issuing...
STO Revenue Hits MVR 4.49 Billion in Q1
The State Trading Organization (STO) exceeded individual earnings in all quarters of 2023, reporting a first quarter (Q1) revenue of...
MATATO Rejects World Bank View, Attributes Tourism Slump to Gap in Marketing of Increasing Beds
The Maldives Association of Travel Agents and Tour Operators (MATATO) has said that the country is not undertaking enough marketing...
Government Will Provide Number of Political Appointees at Later Date: Chief Spox
The administration’s Chief Spokesperson, Heena Waleed, declined to disclose the number of President Mohamed Muzzu’s political appointees, saying she would...
Potentially Catastrophic Coral Bleaching Evident in Maldives’ Reefs
The Maldives’ oceans are experiencing a temperature rise, leading to coral bleaching, environmentalists have warned. Algae, which live in corals...
Survey Begins in Gaadhoo for Integrated Maritime Hub
Survey work has commenced for the development of an Integrated Maritime Hub at Gaadhoo Island in Laamu (L) Atoll. China’s...
SDF Collections Out of Sync With Rise in Debt Repayments
Around MVR 921.2 million was spent on loan repayments as of 18 March this year; nearly MVR 100 million more...
MIB to Distribute Highest Dividend Since Going Public: MVR 2.90 per Share, Totalling MVR 65 Million
The Maldives Islamic Bank (MIB) will pay out MVR 2.90 per share as dividends for 2023, the bank has confirmed....
