President-elect Requests Postponement of Medical Supply Deal
President-elect Dr Mohamed Muizzu has urged the current government to postpone an agreement with an Indian company for the importation...
IAC Distributes US$100,000 to Affected Palestinian Families
The International Aid Campaign (IAC), a Maldives-based aid organisation, has distributed US$100,000 (MVR 1.5 million) to 200 Palestinian families affected...
Maldives’ Administrations Have Ignored, Undermined Environment: HRW
The Maldives government has ignored or undermined environmental protection laws, increasing flooding risks and other harm to island communities, Human...
Maldives Set to Benefit as China’s BRI Injects Additional US$11 Billion Investment
China will add CN¥80 billion (US$11 billion) to the expanding investment in their ‘Belt and Road Initiative’ (BRI), which will...
State Budget Expected to Hit MVR 48.4 Billion After Supplementary Input
The government has submitted to the parliament a supplementary budget proposal of MVR 6.5 billion, targeting additional expenditures in healthcare,...
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....
President-Elect Frames Judicial Reform as Key Path to Yameen’s Release
President-elect Mohamed Muizzu has said that his administration will prioritise efforts to enhance the independence of the judiciary and remove...
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...
President-Elect Muizzu ‘Satisfied’ with the Transitional Process
President-elect Mohamed Muiz has said he has been satisfied with the Ibrahim Mohamed Solih administration’s cooperation in the transition process....
