Targeted Subsidies to Replace Indirect Subsidies in July 2024: Finance Ministry
The Ministry of Finance has revealed that the current indirect subsidies will be replaced by targeted subsidies starting July 2024....
Netflix’s Crackdown on Password-Sharing Boosts Subscribers by Six Million
Netflix’s recent crackdown on password-sharing likely contributed to a significant boost in subscribers, adding approximately six million new users in...
Mounting SOE Debt Places Significant Strain on State Budget: Finance Ministry
The state has approved approximately MVR 300 million in treasury loans so far this year to meet the cash flow...
Maldives Loses US$1.7 Billion Annually Due to Non Performing Resort Developments
The Maldivian economy is losing an estimated US$1.7 billion (MVR 26 billion) every year due to work not being completed...
Budget 2024 Forecasts 5.3% Rise Amidst Political Transition
The Ministry of Finance has forecast a 5.3% increase in the state budget for 2024, setting it at an estimated...
State Budget Woes: An Analysis of Fiscal Struggles and Remedial Measures
In a concerning report on the fiscal climate, the Ministry of Finance has shed light on the intricate challenges besetting...
Maldives’ Credit Rating at B-,Outlook Negative, Says Fitch Ratings
Fitch Ratings has affirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a ‘negative outlook.’ In Fitch’s...
Premium Airline ‘BeOnd’ Unveils First Aircraft
Premium airline BeOnd has unveiled its first aircraft at a grand ceremony held at Velana International Airport (VIA) in the...
Economic Growth Positive But Reforms Needed to Stay on Track: World Bank
The Maldivian economy continued to expand in the first quarter of 2023 by 5.5 percent year-on-year, surpassing pre-pandemic levels, the...
Ifuru Island Maldives Opens in Raa Atoll
Ifuru Island Maldives, with Ifuru Airport developed alongside the premium all-inclusive resort property, opened Tuesday. The state-of-the-art resort, with a...
