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...
MIFCO Lowers Purchase Price of Skipjack Tuna Amid Financial Challenges
Maldives Industrial Fisheries Company (MIFCO) on Monday reduced the per kilogram purchase price of Skipjack tuna from MVR 25 to...
State Revenue Exceeded Expenditure in January: Finance Ministry
Revenue exceeded expenditure by MVR 585 million in the first month of the year, according to data released by the...
Finance Ministry Initiates Sale of T-Bills Worth MVR 2.5 Billion
Treasury bills (T-bills) have been issued for the third time this year, this time worth MVR 2.5 billion, to cover...
Maldives’ Human Capital Index Stunted Due to Education Gaps: World Bank Report
The World Bank’s maiden Human Capital Review (HCR) for the Maldives found that a child born in the country today...
IMF Cautions Maldives on Slowdown After Positive Post-Pandemic Growth, Urges Implementation of Proposed Fiscal Reforms
The Maldives’ post pandemic growth has been strong, but recently normalised, with growth in 2024 projected at 5.2 percent even...
STO Commences ‘Construction Solutions Ramadan Bazaar 2024’
The State Trading Organization (STO) kicked off its annual Construction Solutions Ramadan Bazaar on Tuesday, with the promotion set to...
MVR 80 Billion Worth of T-Bills Issued So Far
Around MVR 80 billion worth of Treasury Bills (T-bills) and Treasury Bonds (T-bonds) have been issued by the government, it...
Maldives’ Fish Exports Jump 3.5%
The Maldives’ fish exports expanded by 3.5 percent in 2023 compared to the previous year, according to statistics released by...
Maldives National Debt Balloons to MVR 124 Billion as Year-On-Year Debt Sees Steep Increase
The Maldives is facing mounting fiscal pressures as its national debt soared to MVR 124 billion by the end of...
