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…
China Slashes Interest Rates to Boost Ailing Property Sector
China’s central bank has announced a cut on interest rates for loans which extend five years or longer to 3.95…
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…
PCB Urges Standardised Criteria in Maintaining, Disclosing SOE Financial Information
To ensure consistency, comparability and transparency in the reporting of financial information of state owned enterprises (SOEs), the Privatization and…
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…
Invest Maldives 2024 Dubai Attracts 290 Representatives Across 130 Companies
Two hundred and ninety representatives from 130 companies attended the Invest Maldives Forum 2024 held in Dubai, United Arab Emirates…
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…
