Maldives Records Sharpest Decline in Reserves Over Past 12 Months
The Maldives’ reserves fell 21 percent, from US$622.1 million in May to US$492.2 million in July, statistics released by the...
Malé City Names Street ‘Falasteen Hingun’ in Solidarity With Palestine
The Malé City Council has named a street in Malé ‘Falasteen Hingun’ or ‘Palestine Walk’ in solidarity with the Palestinian...
MACL Inaugurates State-of-the-Art Fire Station at Velana International Airport
The Maldives Airports Company Ltd. (MACL) has operationalised a modern fire station at the main Velana International Airport (VIA). The...
STO Sets Date for Annual General Meeting
State Trading Organization (STO) has announced that the company’s Annual General Meeting (AGM) will be held on 12 July. The...
Maldives Celebrates Arrival of One-Millionth Tourist This Year
The Maldives has marked a significant milestone, welcoming its one-millionth tourist for the year. Sutapa Amornvivat, a Thai national, arrived...
Minister Zameer Meets UN Chief Guterres, Discusses Sustainable Development
Foreign Minister Moosa Zameer met with the Secretary-General of the United Nations, António Guterres, at the UN Headquarters on Thursday...
Israel’s War on Gaza: Palestinian Families Flee Amid Mounting Civilian Death Toll
The streets of Shujayea in Gaza City are witnessing an exodus as Palestinian families flee their homes as Israeli tanks...
Minister Shafeeq Refuses Disclosure on Political Appointees Amid Public Scrutiny
Finance Minister Mohamed Shafeeq has refused to answer probing questions from the Public Accounts Committee of Parliament regarding the number...
More Tax Hikes Coming: Government’s 2024 Medium Term Revenue Strategy
The Ministry of Finance will seek to increase the GST, green tax and telecom fees as well as import duties...
Fitch Downgrades Maldives’ Rating From B- to CCC+ Citing Worsening External Financing
Fitch Ratings has downgraded the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘B-‘. An IDR is an...
