Maldives Faces Deadline on $50 Million Payment to India Amid Ongoing Negotiations
The Maldives government must pay $50 million to India by the end of the day, marking the third instalment of...
Cabinet Secretary Habeeb Nominated as New Bank of Maldives Chairman
The government has nominated Principal Secretary to the President on Cabinet Affairs Ahmed Ali Habeeb as the next chairman of...
Nazim Urges Oversight on Foreign Executives in State-Owned Companies
Deputy Speaker of Parliament Ahmed Nazim raised concerns on Monday over the role of foreign executives in state-owned companies during...
STO CEO Appointed Fenaka Chair as Utilities SOE Transitions to Subsidiary
The Chief Executive Officer (CEO) and Managing Director (MD) of the State Trading Organization (STO), Shimad Ibrahim, has been appointed...
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...
