Over MVR 150 Million Lost to Scams: Police
The amount of money defrauded by scammers from the public, since the Police started keeping records, has exceeded MVR 150...
Government Walks Back Decision to Raise Limit for Students Abroad, Acknowledges USD Shortage
The administration’s decision to increase the per month US Dollar (USD) withdrawal limits for students, with Bank of Maldives (BML)...
Maldives Handed Five Micro-Grid Desalination Plants Built With Chinese Grant Aid
Renewable energy-powered micro-grid seawater desalination plants established across five islands in the Maldives with Chinese grant aid have been handed...
Maldives’ Economy Set To Grow by 5%, on Par With Other Developing Countries: IMF Report
The Maldives’ economy will grow by five percent this year, the International Monetary Fund (IMF) has forecast in its Global...
Lower-Than-Expected Inflation in 2023; Projections for 2024 Highest Since 2013
Data released by the Maldives Bureau of Statistics has revealed that while inflation was initially expected to be at 5.4...
STO Posts Higher Profits in 2023 Despite Volatility in Global Oil Prices
State Trading Organization (STO) saw positive growth overall, despite a revenue decline attributed to the spike in world oil prices...
WAMCO Special Audit Uncovers Millions in Corruption
The Waste Management Corporation (WAMCO) had procured waste disposal services vehicles worth millions of Rufiyaa in 2016 and 2017 while...
Maldives Records 12% Spike in Tourist Arrivals Over Same Period in 2023
The number of visitors to the Maldives so far this year has increased by 12 percent compared to the same...
Government Secures MVR 2.1 Billion Through T-Bill Issue
The Ministry of Finance announced on Monday that it has secured MVR 2.1 billion through Treasury Bill (T-bill) sales as...
China To Provide Free Maintenance on Sinamalé Bridge for Three More Years: Minister Muththalib
The government of China will provide free maintenance assistance for the Sinamalé Bridge, which connects Malé to Hulhumalé via Velana...
