Government Issues T-Bills Worth Over MVR 2.9 Billion
Treasury bills worth MVR 2.9 billion have been offered for sale to cover state expenditure. The Ministry of Finance’s offer...
SDF Deposits in 2023 Exceed MVR 886 Million
The Sovereign Development Fund (SDF) has received MVR 886.7 million so far this year, surpassing the earlier estimate of MVR...
Fenaka Undergoes Internal Audit
State-owned utility Fenaka Corporation, which is grappling with significant debt, is currently undergoing an internal audit to evaluate its present...
SriLankan Airlines Up for Sale: Government Seeks US$500M Capital Injection in Debt Restructuring Drive
The Sri Lankan government has issued an Expression of Interest (EOI) for the divestiture of its national carrier, SriLankan Airlines,...
Debt-Ridden Fenaka Faces Parliamentary Scrutiny
Fenaka Corporation, the Maldives’ government-owned utilities company, is now facing parliamentary scrutiny in addition to the ongoing investigations by the...
Maldives’ Credit Rating at B-,Outlook Negative, Says Fitch Ratings
Fitch Ratings has affirmed the Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘B-‘ with a ‘negative outlook.’ In Fitch’s...
