Government Introduces Strict Expenditure Rules; Caps Spending, New Positions and Remuneration
The Ministry of Finance, while noting that even though the economy is growing the state’s financial situation is precarious, has...
New SDF Bill Proposes Governance Council, Legal Mechanisms to Regulate Use
A newly proposed Sovereign Development Fund (SDF) Bill sent to Parliament stipulates that funds from the SDF can only be...
Belgium’s NV Besix SA to Appraise US$750 Million Villingili International Airport Development Project
The government has formalised an investment appraisal agreement with NV Besix SA, a leading construction company based in Belgium, for...
Government Pledges to Complete 102 Water and Sewerage Projects by Next Year
The Mohamed Muizzu administration has undertaken the substantial task of resuscitating numerous water supply and sewerage network projects previously initiated...
Ex-Foreign Minister Abdulla Shahid Elected MDP President After Uncontested Race
Abdulla Shahid, the former Minister of Foreign Affairs, is set to assume the presidency of the main opposition Maldivian Democratic...
Motion Urges President to Expedite Ratification of Amendment Delaying Parliamentary Polls
An emergency motion has been submitted to Parliament concerning delays in the ratification of a crucial amendment to the General...
Government Borrows US$50 Million via MACL from BML, Pays Out on SBI Treasury Bond
The government, in January, settled a US$50 million (MVR 771 million) treasury bond issued to the State Bank of India...
Parliamentary Motion Calls for Prompt Settlement of Fishermen’s Dues as Protest Continues in Kooddoo
An early-day motion has been submitted to Parliament as fishermen continue their protest over the government’s failure to make regular...
Supreme Court Reschedules Hearing on Constitutionality of Amendments to Parliamentary Rules
The Supreme Court has advanced the date to commence hearing arguments on the constitutionality of the Parliament’s recent amendments to...
Global Financial Architecture Requires Reform, Asserts Minister Zameer
Minister of Foreign Affairs Moosa Zameer has called for a comprehensive overhaul of the global financial architecture, highlighting the unique...
