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...
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...
