Onion Prices Surge to MVR 60 per Kilogramme Amid Supply Shortage
The price of onions in the Maldivian market has risen to MVR 60 per kilogramme, according to market prices on...
India Open to Offering Financial Support to Maldives
The Indian government is ready to assist the Maldives with financial support as the risk of the first sukuk default...
Maldives, China Sign Currency Swap Agreement to Boost Trade
The Maldives and China have signed a memorandum of understanding (MoU) to exchange bilateral currencies, a move aimed at facilitating...
Maldives Amends Tax Rules to Mandate Dollar Payments for Foreign Currency Earners
The Maldives Inland Revenue Authority (MIRA) has announced amendments to the Income Tax Rules, requiring individuals and companies earning in...
MTA Warns of Growing Economic Crisis, Urges Government Action
The Maldives Trade Association (MTA) raised concerns on Thursday over the deepening economic challenges facing the country, warning that the...
Launch of Bunkering Services Pushed Back for Sixth Time
The State Trading Organization (STO) announced that it will begin offshore bunkering services by the end of the month. When...
Government Falls Back on Fiscal Reform Talking Points Amid Moody’s Ratings Downgrade
The Ministry of Finance once again reverted to talking points on fiscal reforms, despite Moody’s downgrading the Maldives’ credit rating...
MMA Reassures on Debt Repayment After Moody’s Downgrade
The Maldives Monetary Authority (MMA) has issued a statement following Moody’s downgrade of the country’s credit rating to CAA-2, assuring...
Moody’s Downgrades Maldives’ Rating to CAA-2, Signals Deepening Crisis
Moody’s downgraded the Maldives’ credit rating to CAA-2 on Wednesday, citing high credit risk and growing concerns over the country’s...
BML CEO Resigns Amid Allegations of Financial Coup
Karl Stumke, Managing Director and CEO of the Bank of Maldives (BML), has stepped down amid accusations that the bank’s...
