Fitch Maintains Maldives ‘CC’ Rating, Flags High Default Risk and Refinancing Challenges
Fitch Ratings on Thursday affirmed the Maldives’ long-term foreign currency issuer default rating at ‘CC’ with a stable outlook, citing...
Muizzu Slams Businesses as Government Expands Into New Sectors Despite Unpaid Dues
President Mohamed Muizzu on Saturday intensified his criticism of private businesses, particularly in the health sector, while announcing new state-run...
Nurain Janah Appointed Chairman of Maldives Airports Company Limited
Ayesha Nurain Janah has been appointed as the new chairman of the Maldives Airports Company Limited (MACL), the state-owned operator...
Maldives’ Debt via T-Bills, Bonds Reaches MVR 94.1 Billion
The total amount repayable by the Maldivian government on Treasury bills and bonds has reached MVR 94.1 billion, according to...
Maldives Collects Over MVR 1 Billion in Airport Taxes, Fees
The Maldives has collected more than MVR 1 billion in airport taxes and fees so far this year, driven by...
STO Bunkering Venture Generates MVR 124 Million Since Launch
The State Trading Organization (STO) has generated MVR 124 million in revenue from its bunkering operations since the service was...
Maldives Records 8.1% Growth in Tourist Arrivals
Tourist arrivals to the Maldives have surpassed 900,000 so far this year, marking an 8.1% increase compared with the same...
Moody’s Retains Caa2 Rating for Maldives Citing Debt Repayment Risks
Moody’s Ratings has warned that the Maldives continues to face “heightened external liquidity risks”, despite a modest improvement in foreign...
Maldives Signs $9 Billion Deal With MBS Global to Set Up International Financial Centre
The Maldives on Sunday signed a joint venture agreement and memorandum of understanding (MoU) with Dubai-based MBS Global Investments to...
Nurain Janah Named Young Global Leader by World Economic Forum
Businesswoman and philanthropist Ayesha Nurain Janah has been named a Young Global Leader by the World Economic Forum, joining the...
