Maldives Exports Fall 44% in November
The Maldives saw a significant drop in exports in November 2024, with the total value of goods exported falling by...
Green Tax Revenue Rises
The Maldives’ Green Tax collections have risen to MVR 976 million as of 5 December, according to the Ministry of...
Domestic Debt Increased More Than MVR 11 Billion Over Past Year
The Mohamed Muizzu administration has borrowed more than MVR 11 billion from the domestic market to cover its expenditure over...
Maldives’ Exports Decline Nearly Eight Percent
The Maldives’ exports declined by 7.7 percent between January and November this year compared to the same period in 2023,...
Moody’s Confirms Maldives’ Caa2 Negative Outlook Rating
Moody’s Ratings (Moody’s), on Tuesday, confirmed the Maldives’ long-term local and foreign currency issuer ratings at Caa2 with a negative...
More Than 40 Sacked at FSM as Police Probe Sale of Stolen Fuel, Laundering of Proceeds
More than 40 employees at Fuel Supply Maldives (FSM), a subsidiary of the state-owned State Trading Organization (STO), have been...
Maldives No Longer at Risk of Sovereign Default: Finance Minister
The Mohamed Muizzu administration’s efforts over the past year to reduce expenditure and extend repayment periods on foreign loans have...
Maldives Records Sharp Decline in Fish Exports
The Maldives exported 33,994 metric tonnes of tuna from January to October this year, a decline in 46.1 percent over...
Parliament Approves Record MVR 56.6 Billion Budget for 2025
Parliament on Wednesday approved a record MVR 56.6 billion budget for 2025, with 70 members voting in favour and 11...
MMA Proposes Forex Bill; Critics Highlight Shift in President’s Stance
The Maldives Monetary Authority (MMA) has proposed a foreign exchange bill to Parliament, proposing concessions to its controversial rules mandating...
