Delay in June Tourism Statistics Adds to Concerns Over Government Transparency
The release of the Maldives monthly tourism statistics have been delayed for the month of June — procedurally monthly reports...
State’s Financials Remain Unpublished Three Weeks Running
The Ministry of Finance has failed to release the Weekly Fiscal Development Report for the past three weeks. The last...
Opinion: Is President Muizzu Leading the Maldives to Economic Ruin?
The Maldives is grappling with an economic crisis of unprecedented proportions under the leadership of President Mohamed Muizzu. Recent developments...
June 2024 Revenue Lower Than Projected But Higher Than June 2023
The Maldives Inland Revenue Authority (MIRA) reported a 28.8 percent decline in revenue over the last month. The figures released...
Inflation Rises in May; SDF Accumulates MVR 519 Million
Inflation rose in May, data released by the Maldives Bureau of Statistics (MBS) has revealed. Prices of goods and services...
Decline in Indian Tourists Resulted in Over MVR 2 Billion in ‘Lost’ Revenue: Opposition
The words and policies of President Mohamed Muizzu, and some key deputy ministers, have caused losses of MVR 2.3 billion...
Opposition Attributes Economic Slump to Government Incompetence
The current administration has not been able to manage the fiscal challenges faced by the Maldives despite having been made...
President Muizzu in Opposition Crosshairs Over Economic ‘Bitter Pill’
The Maldivian Democratic Party (MDP) Chairperson, Fayyaz Ismail, pointing to words by the administration-aligned Deputy Speaker of Parliament, Ahmed Nazim,...
Maldives Records Sharpest Decline in Reserves Over Past 12 Months
The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the...
Fitch Downgrades Maldives’ Rating From B- to CCC+ Citing Worsening External Financing
Fitch Ratings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘. An IDR is an...
