Moody’s Confirms Maldives’ Caa2 Negative Outlook Rating
Moody’s Ratings (Moody’s), on Tuesday, confirmed the Maldives’ long-term local and foreign currency issuer ratings at Caa2 with a negative...
Parliament Approves Record MVR 56.6 Billion Budget for 2025
Parliament on Wednesday approved a record MVR 56.6 billion budget for 2025, with 70 members voting in favour and 11...
Maldives, India Ink MoU on Using Local Currencies in Bilateral Cross-border Transactions
The Maldives and India, on Thursday, signed a memorandum of understanding (MoU) on the use of local currencies for cross-border...
National Budget 2025: SOE Salaries Should Be on Par With Civil Servants, says MMA Governor
The Governor of the Maldives Monetary Authority (MMA), Ahmed Munawar, has said that salaries of employees at state-owned enterprises (SOEs)...
National Budget 2025: Proposal Will Not Uplift Living Standards, Lacks Crucial Details, Says MDP
The Mohamed Muizzu administration proposed National Budget 2025 does not represent the interests of the people, the opposition Maldivian Democratic...
MIB Asset Value Surpasses MVR 10 Billion
The asset value of the Maldives Islamic Bank (MIB) stood at MVR 10.42 billion last quarter, the 28 percent state-owned...
Maldives to Introduce Digital Currency
The Maldives will introduce a digital currency, President Mohamed Muizzu has announced. He was speaking during the graduation event for...
National Budget 2025: India to Provide Bulk of Grant Aid to Maldives
India is expected to provide MVR 1.6 billion worth grant aid to the Maldives, likely to be utilised for the...
National Budget 2025: Government Proposes MVR 56.6 Billion Budget
The Ministry of Finance has presented, for parliamentary consideration, a proposed National Budget of MVR 56.6 billion for 2025. Presenting...
Finance Ministry’s Delayed Reports Show Increased Recurrent Expenditure for 2024
The Ministry of Finance has released previously held back Weekly Fiscal Development reports since publications were halted on 20 June....
