Black Market Dollar Soars Above MVR 18.20 Amid Supply Shortages
The black-market dollar rate has surged above MVR 18.20 per dollar, driven by a sharp rise in demand and dwindling...
State’s Financials Remain Unpublished Three Weeks Running
The Ministry of Finance has failed to release the Weekly Fiscal Development Report for the past three weeks. The last...
Opinion: Is President Muizzu Leading the Maldives to Economic Ruin?
The Maldives is grappling with an economic crisis of unprecedented proportions under the leadership of President Mohamed Muizzu. Recent developments...
TIFA Holds Third Round of Talks, Signals Deeper US-Maldives Bilateral Commitment
The third meeting of the United States-Maldives Trade and Investment Framework Agreement (TIFA) Council was held in Washington, D.C., on...
June 2024 Revenue Lower Than Projected But Higher Than June 2023
The Maldives Inland Revenue Authority (MIRA) reported a 28.8 percent decline in revenue over the last month. The figures released...
Bunkering Services at Ihavandhippolhu to Launch in August
Bunkering services at Ihavandhippolhu in Haa Alifu (HA.) Atoll will be officially launched within the next month, Minister of Economic...
Maldives, US Hold Business Roundtable to Strengthen Economic Ties
Minister of Economic Development and Trade Mohamed Saeed participated in a business roundtable organised by the US Chamber of Commerce...
Inflation Rises in May; SDF Accumulates MVR 519 Million
Inflation rose in May, data released by the Maldives Bureau of Statistics (MBS) has revealed. Prices of goods and services...
Decline in Indian Tourists Resulted in Over MVR 2 Billion in ‘Lost’ Revenue: Opposition
The words and policies of President Mohamed Muizzu, and some key deputy ministers, have caused losses of MVR 2.3 billion...
Opposition Attributes Economic Slump to Government Incompetence
The current administration has not been able to manage the fiscal challenges faced by the Maldives despite having been made...
