Addu Coastal Tourism Development Plan Launched: Aims for 6,000-Bed Capacity, 10,000 Jobs
The Addu Coastal Tourism Development Plan, which will seek to develop 6,000 tourist beds and a seaplane hub at the...
Government Borrows US$50 Million via MACL from BML, Pays Out on SBI Treasury Bond
The government, in January, settled a US$50 million (MVR 771 million) treasury bond issued to the State Bank of India...
Fishermen at Kooddoo Protest Over Unpaid Dues; Government Promises to Clear Outstanding MVR 280 Million by 5 March
Fishermen gathered at Maldives Industrial Fisheries Company’s (MIFCO) Koodoo Fisheries Complex are protesting the company’s failure, over the last three...
Former President Nasheed Urges Climate Financing Instead of IMF Bailout
Former President Mohammed Nasheed, currently serving as the Secretary-General of the Climate Vulnerable Forum (CVF), has highlighted the unique position...
Maldives Capable of Managing Economic, Fiscal Hurdles Without External Assistance: Economic Minister
The Maldives is capable of managing its economy, and fiscal policy, and does not need an intervention from the International...
Germany Takes Over Japan as World’s Third Largest Economy
Japan, once a top contender for the world’s leading economy, is now ranked fourth, trailing behind Germany. Japan struggles with...
State Revenue at MVR 3.6 Billion for January; 12.2% Higher Than Forecasts
The Maldives Inland Revenue Authority (MIRA) collected MVR 3.6 billion in January this year. January 2024 collections were 5.7 percent...
State Revenue Exceeded Expenditure in January: Finance Ministry
Revenue exceeded expenditure by MVR 585 million in the first month of the year, according to data released by the...
Maldives’ Human Capital Index Stunted Due to Education Gaps: World Bank Report
The World Bank’s maiden Human Capital Review (HCR) for the Maldives found that a child born in the country today...
IMF Cautions Maldives on Slowdown After Positive Post-Pandemic Growth, Urges Implementation of Proposed Fiscal Reforms
The Maldives’ post pandemic growth has been strong, but recently normalised, with growth in 2024 projected at 5.2 percent even...
