Government to Issue Treasury Bills Worth Over MVR 5 Billion
The Ministry of Finance has announced a slate of Treasury bill sales for next week, aimed at covering state expenditure....
Budget Summary: Key Points from 2024 National Budget
Minister of Finance Ibrahim Ameer on Tuesday presented to Parliament the national budget proposed for 2024. The budget, originally submitted...
Digital Payments Surge and Remittances Decline in Maldives, Data Reveals
The Payments Bulletin by the Payment Systems and Oversight Division (PSOD) of the Maldives Monetary Authority (MMA) has highlighted a...
Government Compensation Payouts Balloon to Over 270 Percent of Allocated Amount
The government has spent nearly three times the budgeted allocation for compensation payouts, as per records released by the Ministry...
Targeted Subsidies to Replace Indirect Subsidies in July 2024: Finance Ministry
The Ministry of Finance has revealed that the current indirect subsidies will be replaced by targeted subsidies starting July 2024....
Maldives’ Credit Rating at B-,Outlook Negative, Says Fitch Ratings
Fitch Ratings has affirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a ‘negative outlook.’ In Fitch’s...
State Revenue for August Stands at MVR 1.6 Billion: MIRA
Maldives Inland Revenue Authority (MIRA) has revealed that the state had collected MVR 1.6 billion in state revenue in August...
SDFC Looks to Establish Islamic SME Bank
The SME Development Finance Corporation (SDFC) is working to set up an Islamic bank for small and medium enterprises (SMEs),...
Over MVR10 Million Worth Transactions in 48 Hours: MMA
The Maldives Monetary Authority (MMA)’s instant payment system (IPS) ‘Favara’ saw 3,678 transactions, valued at a total of MVR10.6 million,...
VP Champions More Financial Sector Development
The country is in vital need of banks that can provide easier housing finance options and should embrace a more...
