State Earns MVR 332 Million Revenue from Imports and Exports in December 2023
The state earned MVR 332 million from imports and exports over the last month, according to Maldives Customs Service data....
Government to Establish SOE to Foster Economic Diversification
The government has decided to establish a fully state-owned entity, the Maldives Industrial Development Free Zone, with a focus on...
State Reserves Rise in November Over October, Lower Compared With Same Period in 2022
The Maldives’ official reserves saw an increase in November this year compared to October, according to data released by the...
November Inflation Down on Average, Rose for Key Commodities
Prices of goods and services fell in November compared to October this year, the National Bureau of Statistics (NBS) has...
Maldives’ Exports Grow 32% in November
The Maldives’ exports increased by 32 percent in November 2023 compared to the same period last year, according to data...
SDF Deposits in 2023 Exceed MVR 886 Million
The Sovereign Development Fund (SDF) has received MVR 886.7 million so far this year, surpassing the earlier estimate of MVR...
Maldives’ Economic Crossroads: Fiscal Challenges and Strategic Solutions
The Maldivian economy stands at a crucial juncture, grappling with significant fiscal challenges amidst ambitious developmental aspirations. Amidst rising debt,...
Saudi Arabia Approves Trade Agreement With Maldives
The Kingdom of Saudi Arabia’s cabinet has agreed to enter into a trade agreement with the Maldives, the Maldives’ Ministry...
Maldives National Debt Hits MVR 118.9 Billion
The nation’s total debt currently stands at MVR 118.9 billion, according to statistics released by the Ministry of Finance. This...
Budget Summary: Key Points from 2024 National Budget
Minister of Finance Ibrahim Ameer on Tuesday presented to Parliament the national budget proposed for 2024. The budget, originally submitted...
