Government Reportedly Utilised ‘Significant’ Portion of SDF Funds
The Mohamed Muizzu administration has utilised a significant portion of deposits in the Sovereign Development Fund (SDF), local media sources…
Word Bank Concerned as Government Fails to Update Weekly Fiscal Developments
The World Bank has expressed concern over the Ministry of Finance’s failure to publish the state’s Weekly Fiscal Development reports….
Foreign Reserves Decline in September, Expected to Improve Going Forward
After an increase in foreign exchange reserves at the end of August, both gross reserves and usable reserves declined in…
Maldives, India Sign US$400 Million Currency Swap Agreement
The Maldives and India entered into a US$400 million currency swap agreement on Monday as both countries seek to revive…
IMF Package Not an Option: President Muizzu
President Mohamed Muizzu, in an interview with the BBC, has confirmed that the Maldives will not undertake an International Monetary…
Maldives Tourism Recovers From Setbacks
Ambitious plans mark recovery from COVID and a short-lived Indian boycott Tourism is the single most important source of livelihood…
UAE Firm Secures Contract for Management of Yet-to-Be-Developed Hankede Resort
A Dubai-based company has secured the contract to manage and operate hotels at the yet-to-be-developed integrated tourism resort in Hankede,…
Shahid Warns New Foreign Exchange Regulations Could Hurt Tourism Industry
Abdulla Shahid, former Foreign Minister and President of the opposition Maldivian Democratic Party (MDP), shared his apprehensions on Wednesday about…
MATI Slams MMA for Ignoring Concerns in New Foreign Exchange Regulations
The Maldives Association of Tourism Industry (MATI) has criticised the Maldives Monetary Authority (MMA) for implementing amendments to the Foreign…
Fayyaz Voices Concerns Over New Foreign Exchange Regulations for Tourism Industry
Fayyaz Ismail, the opposition leader and chairperson of the Maldivian Democratic Party (MDP), has expressed concerns about the government’s newly…
