Fitch Maintains Maldives ‘CC’ Rating, Flags High Default Risk and Refinancing Challenges
Fitch Ratings on Thursday affirmed the Maldives’ long-term foreign currency issuer default rating at ‘CC’ with a stable outlook, citing...
Moody’s Retains Caa2 Rating for Maldives Citing Debt Repayment Risks
Moody’s Ratings has warned that the Maldives continues to face “heightened external liquidity risks”, despite a modest improvement in foreign...
Maldives Signs $9 Billion Deal With MBS Global to Set Up International Financial Centre
The Maldives on Sunday signed a joint venture agreement and memorandum of understanding (MoU) with Dubai-based MBS Global Investments to...
Muizzu Confident New Forex Regulations Will Soften USD Exchange Rate
President Mohamed Muizzu on Thursday expressed confidence that the new foreign exchange regulations would stabilise the currency market and ease...
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...
