STO Releases Onion Shipment to Stabilise Prices Amid Supply Disruptions
State Trading Organization (STO) has released a shipment of onions into the local market as part of efforts to stabilise...
MMA Urges Government to Enact Reforms as Dollar Hits Record High in Black Market
The Maldives Monetary Authority (MMA) on Thursday called on the government to urgently implement its economic reform agenda, warning that...
STO Posts Q2 Profit of MVR 163 Million, up 10% Year-On-Year
State Trading Organization (STO) has reported a net profit after tax of MVR 163 million for the second quarter of...
MMA Rules BML’s Acquisition of SDFC Illegal Under Banking Act
Maldives Monetary Authority (MMA) has determined that the Bank of Maldives (BML) acquired the SME Development Finance Corporation (SDFC) in...
Maldives Launches Fisheries Brand, Seeks UK Investment in Emerging Sectors
The Maldives launched a new fisheries brand and sought British investment in emerging sectors including climate technology, creative industries and...
MDP Seeks Urgent Meeting With Central Bank Governor as Dollar Hits Record High
The main opposition Maldivian Democratic Party (MDP) parliamentary group has formally requested a meeting with the Governor of the Maldives...
Dollar Hits Record MVR 20.20 in Black Market, Tops 2020 Pandemic Peak
The US dollar rose to a record MVR 20.20 in the black market on Thursday, surpassing its previous high during...
Govt Raises MVR 3.8 Billion Through T-Bill Sale to Manage Cash Flow
The government has raised MVR 3.8 billion through the sale of Treasury bills (T-bills) to finance state expenses, according to...
Spending on PSIP Drops 67% Amid Contractor Payment Delays
Government spending on the Public Sector Investment Programme (PSIP) has fallen by 67 per cent year-on-year, official data showed, as...
Ex-Finance Minister Warns Rasmalé Advance from Reserves Risks National Bankruptcy
Former Finance Minister Ibrahim Ameer has urged the Ministry of Finance and the Maldives Monetary Authority (MMA) not to follow...
