STO Posts Higher Profits in 2023 Despite Volatility in Global Oil Prices
State Trading Organization (STO) saw positive growth overall, despite a revenue decline attributed to the spike in world oil prices...
Government Secures MVR 2.1 Billion Through T-Bill Issue
The Ministry of Finance announced on Monday that it has secured MVR 2.1 billion through Treasury Bill (T-bill) sales as...
Maldives’ Budget Chief Resigns
Ahmed Saruvash Adam, Chief Financial Budget Executive at the Ministry of Finance, who is chiefly responsible for the formulation of...
Tourism Job Market Expanded in Q4 of 2023: MMA Report
The tourism industry saw an increase in jobs in the last quarter of 2023, the Monetary Authority of Maldives (MMA)...
Government’s Decision to Increase BML Card Limits in Doubt Amid Dollar Shortage
The government’s recent decision to raise the monthly transaction limit of Bank of Maldives (BML) debit and credit cards to...
State Earns MVR 332 Million Revenue from Imports and Exports in December 2023
The state earned MVR 332 million from imports and exports over the last month, according to Maldives Customs Service data....
Government Working to Sort USD Exchange Rate Issue: Minister Saeed
Minister of Economic Development and Trade Mohamed Saeed has said that the government is already working to address the US...
MATI Proposes Increasing Foreign Hires in Tourism Industry
The Maldives Association of Tourism Industries (MATI) has proposed to increase the ratio of foreign employees in resorts to 70...
BML Confirms Continued USD Support Amid Speculation of Unsustainability
The Bank of Maldives (BML) has refuted claims that it might be looking to stop or limit US Dollar (USD)...
Maldives Establishes MIFSA to Introduce Offshore Financial Services
President Mohamed Muizzu, under the powers vested in him under the Special Economic Zones (SEZ) Act of 2014, has established...
