World Bank ‘Country Environmental Analysis’ Suggests Approach Towards MIFCO Shedding Debt, Reaching Profitability
Maldives Industrial Fisheries Company (MIFCO), the wholly state-owned enterprise (SOE) set up to support the local fisheries industry by purchasing,...
BCC Launches ‘Maha Portal’ to Empower Fisheries Sector MSMEs
The Business Centre Corporation (BCC) has unveiled an innovative e-commerce platform, the ‘Maha Portal’, to bolster micro, small and medium-sized...
Tourism Revenue Surge Highlights Urgent Need for Economic Reforms to Boost Local USD Circulation
Recent data released by the Maldives Association of Travel Agents and Tour Operators (MATATO) projects increases in tourism revenue, spotlighting...
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...
