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...
Official Reserves Fall by $40.5 Million in May
The Maldives’ official reserves fell by $40.5 million in May, latest central bank figures showed, as the country continues to...
Electricity, Food Prices Push Inflation to 4.55% in May
Consumer prices in the Maldives rose 4.55 percent in May compared to the same month last year, according to data...
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...
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...
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 Sees 7% Rise in Tourist Arrivals
The number of tourists visiting the Maldives has increased by 7 percent compared to the same period last year, with...
China FTA Not to Blame for Import Duty Revenue Decline: Minister Saeed
Economic Minister Mohamed Saeed said on Saturday that the decline in import duty revenue this year is not linked to...
Background to Manmohan Singh’s Rise as India’s Economic Icon
A series of economic events over decades and Singh’s own conviction about liberalisation combined to free the deeply statist Indian...
