PCB Directs State-Owned Companies to Cut Costs Amid Economic Challenges
The Privatisation and Corporatisation Board (PCB) has issued a directive to state-owned companies, urging them to implement stringent cost-cutting measures...
Buying Tuna at MVR 16 per Kilo Unsustainable: MIFCO
Purchasing tuna at MVR 16 per kilogram will not be sustainable without government subsidies, Maldives Industrial Fisheries Corporation (MIFCO) has...
Maldives-Türkiye FTA Drawn Up, Awaiting Turkish Parliament Approval
The Maldives-Türkiye Free Trade Agreement (FTA) has been drawn up, Minister of Economic Development and Trade Mohamed Saeed has confirmed....
Economy on Steady Upward Trajectory; Reserves to Exceed US$606 Million by Year-End: MMA
The Maldives is taking urgent steps to address the current economic challenges and will be able to maintain an upwards...
Ratings Downgrade Shows Government Incompetence: MDP
Fitch Ratings downgrading the Maldives’ credit rating from CCC+ to CC highlights the administration’s incompetence in managing fiscal policy, the...
GST Act Amendment Aims to Curb Loss of Tourism Revenue: Finance Ministry
The Goods and Services Tax Act (Act Number 10/2011) will be amended starting mid-2025 in order to address ongoing tourism...
Ameer Blames Government’s Reliance on Projected Revenues for Maldives’ Financial Struggles
Former Finance Minister Ibrahim Ameer has attributed the Maldives’ current financial difficulties to an over-reliance on expected revenues, criticising the...
Nasheed Calls for Full Transparency on Financial Crisis
Former President Mohamed Nasheed has called for a transparent explanation of the Maldives’ financial situation, following the Bank of Maldives’...
BML Reverses Foreign Transaction Limits Following Regulatory Pressure
The Bank of Maldives (BML) has reversed its recent decision to suspend foreign transaction allowances on debit and credit cards...
Fayyaz Expresses Concerns Over Economic Fallout From BML’s Restriction on Dollar Transactions
Opposition leader and former Economic Minister Fayyaz Ismail has sharply criticised the Bank of Maldives’ recent decision to restrict foreign...
