BML Deputy CEO Aishath Noordeen Removed from Board
Aishath Noordeen, Deputy CEO of Bank of Maldives (BML), has been dismissed from the bank’s board of directors after 42...
Maldives May Need to Utilise SDF Funds to Cover Reserves Shortfall: Experts
The Sovereign Development Fund (SDF) will have to be used in the event the state budget is unable to meet...
Parliament Approves Six-Month Continuation of Concession for Tourism Lease Extension
Parliament on Monday approved an amendment to the Tourism Act, granting a six-month extension to the reduced fee window for...
Presidential Advisor Warns Payment Delays Threaten Construction Industry
Mohamed Ali Janah, President of the Maldives National Association of Construction Industry (MACI) and Principal Advisor to President Dr Mohamed...
Foreign Minister Heads to Saudi Arabia Amid Reserve Crisis
Foreign Minister Moosa Zameer has departed for Saudi Arabia on an official visit, carrying a letter from President Dr Mohamed...
Maldives’ Usable Reserves Plummet Below Monthly Import Overhead
The Maldives’ usable reserves this month have fallen to US$66.9 million; a decline of US$6.2 million over the previous US$73.1...
China FTA Damaging to Maldives’ Economic Independence: MDP
The Free Trade Agreement (FTA) between the Maldives and China will be damaging to the Maldives’ economic independence, Chairperson of...
China Assures Full Support to Address Maldives’ Economic Challenges: Minister Zameer
Chinese President Xi Jinping has assured the Maldives of China’s full cooperation in addressing the country’s current economic challenges, Minister...
Government Payment Delays Push Small Businesses to the Brink
Since President Mohamed Muizzu assumed office eight months ago, small and medium-sized enterprises (SMEs) have faced severe financial strain due...
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...
