National Budget for 2024 Does Not Align With Stated Fiscal Policy: Audit Office
The Auditor General’s Office has expressed concern that the 2024 National Budget does not reflect the government’s fiscal strategy. The...
Hitachi Refrigerators Get ‘Hakathari’ Rating
Hitachi refrigerators sold at State Trading Organisation (STO) stores have been awarded the ‘Hakathari’ rating. The rating, managed by the...
Maldives National Debt Hits MVR 118.9 Billion
The nation’s total debt currently stands at MVR 118.9 billion, according to statistics released by the Ministry of Finance. This...
Government to Issue Treasury Bills Worth Over MVR 5 Billion
The Ministry of Finance has announced a slate of Treasury bill sales for next week, aimed at covering state expenditure....
Budget Summary: Key Points from 2024 National Budget
Minister of Finance Ibrahim Ameer on Tuesday presented to Parliament the national budget proposed for 2024. The budget, originally submitted...
STO Q3 Earnings: Revenue Up 9%, Profit More Than Doubles for First Three Quarters
State Trading Organisation (STO) posted a third quarter (Q3) revenue of MVR 4.1 billion, up nine percent from the second...
Digital Payments Surge and Remittances Decline in Maldives, Data Reveals
The Payments Bulletin by the Payment Systems and Oversight Division (PSOD) of the Maldives Monetary Authority (MMA) has highlighted a...
Allied Insurance Launches Promotion for Home Content Plans
Allied Insurance Company, a leading insurance brand in the Maldives, has introduced a promotional campaign for its ‘Home Content Plans.’...
Government Compensation Payouts Balloon to Over 270 Percent of Allocated Amount
The government has spent nearly three times the budgeted allocation for compensation payouts, as per records released by the Ministry...
Roche Readies US$7 Billion Acquisition of Possible Breakthrough IBD Drug Manufacturer
The Swiss pharmaceutical giant Roche announced on Monday that it has initiated the process of a US$7 billion acquisition of...
