Maldives Launches Fisheries Brand, Seeks UK Investment in Emerging Sectors
The Maldives launched a new fisheries brand and sought British investment in emerging sectors including climate technology, creative industries and...
MDP Seeks Urgent Meeting With Central Bank Governor as Dollar Hits Record High
The main opposition Maldivian Democratic Party (MDP) parliamentary group has formally requested a meeting with the Governor of the Maldives...
Dollar Hits Record MVR 20.20 in Black Market, Tops 2020 Pandemic Peak
The US dollar rose to a record MVR 20.20 in the black market on Thursday, surpassing its previous high during...
Govt Raises MVR 3.8 Billion Through T-Bill Sale to Manage Cash Flow
The government has raised MVR 3.8 billion through the sale of Treasury bills (T-bills) to finance state expenses, according to...
Spending on PSIP Drops 67% Amid Contractor Payment Delays
Government spending on the Public Sector Investment Programme (PSIP) has fallen by 67 per cent year-on-year, official data showed, as...
Ex-Finance Minister Warns Rasmalé Advance from Reserves Risks National Bankruptcy
Former Finance Minister Ibrahim Ameer has urged the Ministry of Finance and the Maldives Monetary Authority (MMA) not to follow...
Official Reserves Fall by $40.5 Million in May
The Maldives’ official reserves fell by $40.5 million in May, latest central bank figures showed, as the country continues to...
Electricity, Food Prices Push Inflation to 4.55% in May
Consumer prices in the Maldives rose 4.55 percent in May compared to the same month last year, according to data...
Yameen Alleges Hanimaadhoo Airport Being Sold to India’s Adani Group
Former President Abdulla Yameen Abdul Gayoom on Thursday alleged that the government is planning to sell Hanimaadhoo International Airport to...
Hankede Designated for Halal Tourism Development Under New Government Plan
The Muizzu government has announced plans to develop Hankede in Addu City as a halal tourism destination, designating the island...
