Maldives National Debt Balloons to MVR 124 Billion as Year-On-Year Debt Sees Steep Increase
The Maldives is facing mounting fiscal pressures as its national debt soared to MVR 124 billion by the end of...
MTCC Posts Revenue of Over MVR 3 Billion in 2023
The Maldives Transport and Contracting Company (MTCC) posted a revenue of MVR 3.24 billion in 2023; a 31 percent increase...
Maldives Begins Formulating Long-Term Plan for Sports Development
The Ministry of Sports, Fitness and Recreation has launched efforts to draw up a comprehensive 20-year plan, with input from...
FSM Increases Fuel Pump Capacity at Kooddoo
Fuel Supply Maldives (FSM) fuel stations at Kooddoo Island in Gaafu Alifu (GA) Atoll, which hosts the main cold storage...
EPA Pursues Legal Action to Recover Afcons’ Unpaid Fines for Damaging Villimalé Reef
The Environmental Protection Agency (EPA) has decided to take Afcons Infrastructure to court over the failure of the company to...
President Muizzu Assures Dues to Fishermen Will Be Sorted
President Mohamed Muizzu has said that the administration will pay the money owed to the fishermen even if comes to...
ACC Lifts Halt Order on Gedhoruveriya Flats, Advises Ministry to Proceed With Proper Review Process
The Anti-Corruption Commission (ACC) has issued a nullification on the notice to the Ministry of Housing, Land and Urban Development...
Loans Outstanding Rise to MVR 40 Billion in December: MMA
Banks and financial institutions have issued MVR 40 billion worth of loans to private businesses and individuals, according to the...
RACL Signs Up MNU for Nationwide Cargo Study
Regional Airports Company Limited (RACL) has signed a Memorandum of Understanding (MOU) with the Maldives National University (MNU) to conduct...
India’s 2024/2025 Budget Reading Reveals US$72 Million Earmarked for Maldives
The Indian government, in its budget for the next fiscal year, has proposed to provide US$72 million in aid to...
