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...
BML Imposes 30% Fee on Payments to Popular International Shopping Platforms
Bank of Maldives (BML) has introduced a 30 percent fee on all MVR card transactions made to major international shopping...
Maldives Denies Talks on Free Movement, Trade Zone With Sri Lanka
The Maldives has denied reports of discussions with Sri Lanka to establish a free economic and movement zone, following claims...
