China Signals Willingness to Restructure Loan Payments as India Defers US$50 Million Repayment
The Chinese government has given the green light to defer the repayment of loans, facilitated to the Maldives through the...
Maldives Will Implement China FTA in September; Pursuing Similar Agreements With Turkey, UK and India: President Muizzu
The Maldives-China Free Trade Agreement (FTA) will come into effect in September, and the country hopes to sign a similar...
Hashim Out Amid Opposition Dissent as President Muizzu Nominates Munawar for MMA Governor
President Mohamed Muizzu, upon parliamentary recommendation in accordance with Section 6(3) of the Maldives Monetary Authority Act (1981), has removed...
State’s Financials Remain Unpublished Three Weeks Running
The Ministry of Finance has failed to release the Weekly Fiscal Development Report for the past three weeks. The last...
Opinion: Is President Muizzu Leading the Maldives to Economic Ruin?
The Maldives is grappling with an economic crisis of unprecedented proportions under the leadership of President Mohamed Muizzu. Recent developments...
Useable Reserves Drop to Lowest in 12 Months
The Maldives’ usable reserves fell by US$40 million over last month to US$73 million, the Maldives Monetary Authority’s most recent...
Qasim, Shujau’s Stance on MPs’ Pay Sparks Controversy
Two lawmakers aligned with the ruling People’s National Congress (PNC) have sparked controversy after suggesting that salaries and benefits for...
Opposition Attributes Economic Slump to Government Incompetence
The current administration has not been able to manage the fiscal challenges faced by the Maldives despite having been made...
President Muizzu in Opposition Crosshairs Over Economic ‘Bitter Pill’
The Maldivian Democratic Party (MDP) Chairperson, Fayyaz Ismail, pointing to words by the administration-aligned Deputy Speaker of Parliament, Ahmed Nazim,...
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...
