Maldives’ Economic Crossroads: Fiscal Challenges and Strategic Solutions
The Maldivian economy stands at a crucial juncture, grappling with significant fiscal challenges amidst ambitious developmental aspirations. Amidst rising debt,...
Ayady Takaful Begins Accepting Surplus Applications From Policyholders
Allied Insurance Company’s Islamic window, Ayady Takaful, has announced the distribution of surplus for the year 2021. The board of...
Saudi Arabia Approves Trade Agreement With Maldives
The Kingdom of Saudi Arabia’s cabinet has agreed to enter into a trade agreement with the Maldives, the Maldives’ Ministry...
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...
